David Saks: March 2012

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 1585


When a developer declares that he or she plans to build a mixed-use development, which includes a beautiful shopping mall, and this development will occur adjacent to your lot which is zoned commercial, property values start to increase because of the developers project.

When the property values increase because of the developers declaration this is a reflection of the highest and best use of the property.

Is this true or false ?

Please take your time. The soultion is posted below the wildlife photo.


A. False

If property values increase because of the developers declaration the principle of anticipation has occurred.

Anticipation is an increase in value which may be created based on what is expected to be future benefits to property adjacent to the new development.

David Saks

Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • March 26 2012 07:20AM
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