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re: "Sellers will entertain offers between $_____ and $______"

Posted on 9/19/19 at 1:43 pm to
Posted by CharleyLake
Member since Oct 2006
1327 posts
Posted on 9/19/19 at 1:43 pm to
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?
Posted by Cajun Cricket
TN, AL, CO
Member since Mar 2016
197 posts
Posted on 9/25/19 at 5:59 am to
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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