- Joined
- Apr 23, 2002
- Professional Status
- Certified General Appraiser
- State
- Oregon
The trouble with 'intended use' is its not found in the definition of HBU.What’s the intended use and can it be considered part of the homes GLA due to floor plan and access
"The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical possibility, financial feasibility, and maximum productivity. Alternatively, the probable use of land or improved property – specific with respect to the user and timing of the use – that is adequately supported and results in the highest present value.[2]".
Where does an appraiser fit 'intended use' and 'property rights' into the definition of MV and HBU?