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Essay / Research Paper Abstract
An 8 page paper in two sections, one discussing the highest and best use analysis of a particular property, the other discussing the sales comparison approach to real estate valuation. Determining the highest value possible for a property is not always based on the existing improvements present on the property—it may be that the property could be worth more as a vacant lot, as the paper describes. The sales comparison approach is considered standard and highly regulated, yet it contains subjective assessments that can vary according to the personal tastes of the appraiser. Enhancing the science of appraisal could be beneficial for both buyer and seller. No additional sources cited.
Page Count:
8 pages (~225 words per page)
File: D0_Estapp.wps
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