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the actual existing use, a statement to that effect will <br /> suffice. However, if the property is unused vacant land or <br /> the highest and best use if found to differ significantly <br /> from the present use, the appraisal report shall contain the <br /> analyses by which the APPRAISER reached his conclusions as to <br /> the highest and best use and as to the relative suitability <br /> or adaptability of the property for any other available uses <br /> for which the property could reasonably be considered to be <br /> suitable or adaptable. The analysis of a potential use shall <br /> include consideration of relevant matters, such as the <br /> suitability of the location, the environment, and the legal <br /> and physical attributes of the property for such use, the <br /> estimated cost, if any, of converting the property to such <br /> use, and the supply, sale price levels, and relative- desira- <br /> bility of other properties that would compete for the same <br /> kind of use. Because the APPRAISER'S finding as to the <br /> highest and best use is a conclusion that the property does <br /> not have a higher present value for any other use, the <br /> analysis of the property for the process of appraising the <br /> property and, therefore, may be included in the valuation <br /> analysis furnished in accordance with Paragraph 10 hereof. <br /> 6. Property Valuation and Appraisal Analysis. The <br /> opinion of the APPRAISER as the fair market value of the <br /> property. The appraisal report shall contain a description <br /> of the reasoning process used by the APPRAISER in reaching <br /> his conclusion as to value and all data and analyses needed <br /> to explain and support his valuation. The supporting data <br /> and analyses furnished in the appraisal report shall include, <br /> among other things, the following: <br /> a. An analysis of the property, as identified and <br /> described in accordance with the preceding para- <br /> graphs of this SECTION, from the point of view of <br /> evaluating the effect of its characteristics and <br /> attributes on its value for the available use or <br /> uses for which the property is best suited. <br /> Particular attention shall be given to the charac- <br /> teristics of the property most relevant to its. <br /> value, such as, in the case of an investment <br /> property, the income potential and the expense of <br /> ownership, maintenance, and operation. <br /> b. Evaluation of information with respect to previous <br /> sales of the property appraised and any recent <br /> offers to the owner to sell the property. <br /> c.. The data and the analyses that constitute the <br /> principle basis for the APPRAISER'S opinion of the <br /> fair market value. Information shall be furnished <br /> with respect to recent sales of other properties <br /> which are considered by the APPRAISER to be compar- <br /> able with, and the provide useful evidence of the <br /> value of, the property appraised. The information <br /> furnished with respect to each such comparable <br /> property and its sale shall include, among other <br /> pertinent facts, the names of the grantor and <br />