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re: "Sellers will entertain offers between $_____ and $______"
Posted on 9/19/19 at 1:43 pm to Ace Midnight
Posted on 9/19/19 at 1:43 pm to Ace Midnight
I appreciate the guidance. The appraisal will come in as an value per acre not a range, I suspect. Part of the assets are owned by a trust who is paying for the appraisal. Upon my understanding the trust has fiduciary thing which cannot sell assets below an appraised value. I suppose that provides a certain level of protection. I suspect that potential purchaser's interest is becoming more than speculative.The trust is having difficulty locating a commercial appraiser at this time.
I will estimate a category of 10-15% greater than what I think the number will be. I want to be realistic but I do not wish to waste my time and the other party's time.
In addition to trust a separate entity, I represent twenty-six owners almost all of them live out of state. My experience is limited other than selling a pasture to a cattleman near Vinton. If this deal does not work I will list with a local real estate agency.
Do you know if Asians (South Koreans) bargain differently or have different expectations?
I will estimate a category of 10-15% greater than what I think the number will be. I want to be realistic but I do not wish to waste my time and the other party's time.
In addition to trust a separate entity, I represent twenty-six owners almost all of them live out of state. My experience is limited other than selling a pasture to a cattleman near Vinton. If this deal does not work I will list with a local real estate agency.
Do you know if Asians (South Koreans) bargain differently or have different expectations?
Posted on 9/25/19 at 5:59 am to CharleyLake
If you have an undivided interest where all interests are similar (other than size); I’d suggest you also seek a favorite nations clause in the purchase agreement. Good luck.
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