ocr: 1.STATE THE PROBLEM 2. LIST THE DATA NEEDED AND THE SOURCES 3. GATHER, RECORD AND VERIFY THE NECESSART DATA GENERAL DATA SPECIFIC DATA DATA FOR EACH APPROACH NATION SUBJECT SITE SALES DATA REGION COST DATA IMPROVEMENTS CITY INCOME AND EXPENSE DATA NEIGHBORHOOD 4. DETERMINE HIGHEST AND BEST USE 5. ESTIMATE LAND VALUE 1 6.ESTIMATE VALUE BY EACH OF THE THREE APPROACHES - I 7. - RECONCILE ESTIMATED VALUES FOR FINAL VALUE ESTIMAIE 8. REPORT FINAL VALUE ESTIMATE