Comments on: Highest and Best Use https://appraisersblogs.com/highest-and-best-use-case-lender-dead-in-the-water Appraisal News and Tips for Real Estate Appraisers Mon, 15 Apr 2024 08:01:18 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Mark https://appraisersblogs.com/highest-and-best-use-case-lender-dead-in-the-water/#comment-30601 Fri, 25 Sep 2020 11:57:16 +0000 http://appraisersblogs.com/?p=24414#comment-30601 I learned this as a teenager and I can promise you nothing in appraising changes

]]> By: don https://appraisersblogs.com/highest-and-best-use-case-lender-dead-in-the-water/#comment-30584 Mon, 21 Sep 2020 20:15:39 +0000 http://appraisersblogs.com/?p=24414#comment-30584 San Bernardino County is planning to down zone residential lot sizes due to a shortage of domestic water in Southern California. This down zoning will change the H&B use and re-define the term excess property. A two acre property MIGHT have been defined as having excess property or appraised as two properties, according how the setbacks were located.

Years ago when a city down zoned some apartment lands, from 24 du/acre to 8 du/ac due to local political pressures. You should know were some of the lot lines are, if not all.

I had client (The Navy Credit Union) who had loaned on a single 4-plex on several acres with a potential to subdivide into several R-3 lots on the excess land. The 4 plex was year old when the city downzoned and the credit union was requested to make another loan to finance the subdivision and more construction money for more 4 plex’s.

I drove by a couple of months ago and the single 4-plex was still surrounded by vacant lands after 20 years or so. Loan officers, underwriter, or agents SHOULD OR SHOULD NOT TEACH Appraisal techniques?

]]> By: Dave Towne https://appraisersblogs.com/highest-and-best-use-case-lender-dead-in-the-water/#comment-30583 Mon, 21 Sep 2020 18:23:57 +0000 http://appraisersblogs.com/?p=24414#comment-30583 Unfortunately no, Chris. Please re-read the essay.

]]> By: chris https://appraisersblogs.com/highest-and-best-use-case-lender-dead-in-the-water/#comment-30582 Mon, 21 Sep 2020 16:39:46 +0000 http://appraisersblogs.com/?p=24414#comment-30582 The report should have been indicated as an interim use…correct ??? as a multi-family site is more valuable than a single home in that market area….is my thinking correct???

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