PROFET REVIEW Feed: 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