[Stsf-bugs] NUMBER ONE Success System

[Tommy Lee]

http://www.noss123.com/

*Number One Success System* is a private association of consenting
individuals 18 years of age and above who willingly and knowingly have come
together for charitable purposes. Participants have chosen to exercise their
right to freely give to others who have joined with the same purpose and
understanding.*
Highest and Best Use* is a term of art in the appraisal process. It is a
process to determine the use of the property which produces the highest
value for the land, as if vacant. There are four steps to the process.
First, the appraiser determines all uses which are legally permissible for
the property. Second, of the uses which are legally permissible, which ones
are physically possible. Of those, which ones are financially feasible
(sometimes referred to as *economically supported*) Of those uses which are
feasible, which one and only use is maximally productive for the site. In a
simple context, the appraiser must do this twice, comparing the results --
as if the land is vacant and in the as-is-improved state, taking into
account the costs of demolishing any existing improvements. The outcome of
this process is the highest and best use for the site. An appraisal of
market value must explicitly assume that the owner or buyer would employ the
property in its highest and best use, and therefore value the site
accordingly. In more complex appraisal assignments (e.g. -- contract
disputes, litigation, brownfield or contaminated property valuation), the
determination of highest and best use may be much more complex, and may need
to take into account the various intermediate or temporary uses of the site,
the contamination remediation process, and the timing of various legal
issues.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.freedesktop.org/archives/stsf-bugs/attachments/20070822/dc5be827/attachment.htm