Rachel Massey & Woody Fincham


Rachel Massey, SRA, AI-RRS is Chief Regional Reviewer with The Real Property Consulting Group, as well as the owner of an independent appraisal practice that specializes in non-lender appraisal work for relocations, attorneys and appraisal reviews in Michigan. She is actively involved in the Appraisal Institute, as well as in her local real estate community. When not appraising or studying appraisal theory, she enjoys her spare time with her husband, son and two dogs and when possible, pursuing the art of Aikido.



Woody Fincham, SRA is the Senior Land Preservation Tax Credit Appraisal Consultant for the Department of Taxation in Virginia. He reviews and consults on the valuation work submitted for tax credits.  These reports deal with conservation easement and historic façade easements.  He also manages a private appraisal practice that specializes in residential valuation with a focus on non-lender reports, review and a small portfolio of lender work. Woody is very involved with the Appraisal Institute and was a discussion leader for the 2014 Leadership Development& Advisory Council (LDAC) after attending as a participant for three years prior to that. He has been a featured panelist at the Association of Appraiser Regulatory Officials (AARO). He has also been a non-member participant in the Collateral Risk Network (CRN) and has recently joined the ranks of national instructors for the Appraisal Institute. He lives in Charlottesville, VA with his wife and three children where he enjoys running, writing, playing music, and hiking.


Highest and Best Use is More Than Just a Check Box

Wednesday, December 3, 2014

As review appraisers, one of the issues that we see all the time is the failure to analyze highest and best use for a market value opinion related to mortgage lending appraisals. This makes sense to a large degree, because many appraisers believe that providing the "yes" answer relieves them of further analysis and communication. We wanted to address this topic and offer some insight as to why one may want to rethink their approach to this common issue.