Property Valuation (alternative)
When appraising a Maryland property, the highest and best use 'as if vacant' analysis asks:
AWhat the property would rent for if vacant
BWhat the optimal use of the land would be if it were unimproved✓ Correct
CWhat the property is worth without a buyer
DHow long it would take to sell the vacant property
Explanation
The 'as if vacant' HBU analysis determines the best use for the land independent of any existing improvements, to determine if the current use is the highest and best use.
Related Maryland Property Valuation (alternative) Questions
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