• April 7, 2024
  • PropMix Admin
  • 0

As stated in each article in this series, the sales comparison approach is only as good as the comparables used to arrive at the value for the subject property. One of the key aspects of determining the best comps is the use of Highest and Best Use (HBU) principles. In earlier articles in this series we covered other topics that you may be interested in:

  • Part 1: Using property characteristic similarity and assessing such similarity in a completed appraisal
  • Part 2: Validating the adjustments for comparables
  • Part 3: Ensuring objectivity and detecting bias in the choice of comparables

In this part, we will explore how we can validate the highest and best use of each comp against the subject property. Read the complete article on Profet website.

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