Hagar's Take on HBU and Highest Value in Working RE

[RCA]

Many buyers here do not disclose what they are planning. They buy the property and might simply add to their inventory of property, leasing for a time as is, then develop when they think the time is right and they have crew available.
My uncle's old place next to mine was bought by a developer. But he isn't developing it. He bought it last year and the farm next to it 4 years ago. He's got cattle on the place, cuts hay, and runs it like the cattle farm that it was for 100 years. So, was the appraiser supposed to speculate what the buyers timeline will be? What is the HBU? It is land in transition but how long will that transition be? 2 years? 10?


New 2025 Fall issue. Paper copy came yesterday to my mailbox.

I still can't find it online. Also, I didn't get it in the mail, and I am in the same state. Maybe they got word?