Fanning & Associates

Demand for Property
For a property to have value, there must be demonstrable economic demand in the market. Market and marketability analysis form the foundation for identifying that demand.
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Highest & Best Use
Highest and Best Use analysis links a property’s physical, legal, design, and locational characteristics to market demand and financial feasibility.
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Three-Part Conclusion Link
Market, Marketability, and Highest and Best Use three-part conclusion together establish the basis for selecting comparables, determining necessary adjustments, and forecasting income streams.
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Use with the Greatest Present Value
Although real estate is physically fixed, its attributes and market demand can support various uses—making it economically flexible. Highest and Best Use analysis identifies the alternative that yields the greatest present value.
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(Source Stephen F. Fanning, Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use 2nd Edition, Appraisal Institute 2014, page 3, 6, 7)

headshot, Home and About): Stephen F. Fanning, MAI, AI-GRS, AICP, SGA, Principal of Fanning & Associates, Denton, Texas

Steve Fanning, Principal – Fanning and Associates

Our Goal

Real Estate Market Analysis – Highest & Best Use – Valuation – Forensic Reviews and Litigation Support

Steve Fanning is the Principal of Fanning and Associates, a Dallas /Ft. Worth consulting firm, based on the belief that complex real estate decisions require a multi-disciplinary approach. We are experienced in combining physical planning, market research and economic aspects into a unified real estate analysis process.

Our goal is to provide the client with a real estate analysis service that can be used in the decision-making process as well as satisfy all regulatory documentation requirements.

Contact

For additional information contact Steve Fanning

Email: steve@fanningconsult.com

or call
940-387-7493 (office)
940-368-5785 (mobile)

Fanning & Associates
226 Sanders Road
Denton, Texas 76210

Comparables Come Last

Comparable selection is a conclusion, not a starting point. Without a market and marketability analysis behind it, a grid of sales labeled comparables is only a historical collection of property transactions that happen to resemble one another.

– Fanning & Associates