Principle of Highest and Best Use | Real Estate Exam Prep | Appraisals
Highest and best use shows how the highest value for a piece of real estate is concluded. Highest and best use is based on the use that is going to bring the highest value for real estate; its actual current use is not relevant to the highest and best use. This would be done by conducting a site analysis. If the use is temporary, it would then be considered the interim use. Watch today's video to see what use would constitute the highest and best use!
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