We’ve sought out offers for several properties. Some are producing and some aren’t and haven’t produced in the past 4 years. Is there a general rule for how properties are valued?
Location, location, location… no general rule. Depends upon the perceived economic value of what is under the surface. General definition is a willing and informed buyer under no compulsion to buy and a willing and informed seller under no compulsion to sell agreeing on a price.
Some buyers wan a payout in two years, some five, some hold for a long term.
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