A real estate appraiser was hired who analyzed the real estate market in the three townships being appraised. Data was secured on all of the comparable sales that occurred in the recent past along with present-day listings of similar comparable property together with the analysis of recently foreclosed land. This information was verified and analyzed in detail by the appraiser and submitted. The information contained therein was subsequently used by the appraiser in documenting and supporting his appraised values of the property before the development rights were acquired.