2-Appraisal Concepts and Principles of Value-Chapter 20
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20.3. Appraisal Concepts and Principles of Value 20.3.1. Highest and Best Use In Arizona appraisals, the term “highest and best use” refers to the most profitable, legally permissible, physically possible, and financially feasible use of a property. This concept is fundamental in real estate valuation and involves several key components: Legally Permissible: The use must […]