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Liquidation/Quick Sale Value

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Zmcraney,

So you don't like my tone over these things. You don't like I dare to use the competency word or ask questions of these people attempting to get them to think for themselves versus hand them answers. That I don't knock myself out tippy toeing around that me and mine, and other appraisers, get damaged by those in our trade that are participating in taking assignments they don't know how to do. Versus turning such assignments down until after they learn how to do them or have a local appraiser that knows how willing to walk them through it with them as a trainee. Ok, go to the user control and put me on your ignore list if reading my posts upsets you. But remember this, I spend far more of my time still trying to help even when the reality could be I am really participating in damaging the businesses of the appraisers in that area, appraisers that were already competent for these assignments and should be the appraisers that get them, than you spent *****ing to me about my tone or helping either one.

So yes, I have a tone. Yes, I suggest competency is an issue, and that people should be withdrawing until after they have prepared for these assignments... I don't plan on stopping that message to them either. It's the least I owe the other appraisers in their area. But, that is just my opinion. If this makes some potential posters afraid to ask questions, they should consider the circumstances generating the questions a bit better first then, or use the ignore list feature as I suggest you do. Then they can get just the kind-hearted responses from only the most well meaning of forum members. Such as you.
 
Fear and loathing re: quick-sale or liquidation value.

Grace, Webbed, et al:
Historical reference: Savings and loan debacle of late 1980s.
Reguators and their contractors were swamped with generally well-built but largely empty commercial real estate. Achieving a price near market value requires knowledge, investment and time. AKA: Work. Enter the large-scale requests for "quick-sale" and "liquidation" values by regulators and their friends and relatives. It's easier to justify disposing of a property at a low ball price when there are low numbers in the appraisal.
Result: Regulators knew which appraisers would apply the deepest discounts and steered the work to them; lots of real estate bought with little competition; lots of insider deals (use your imagination). Net: taxpayers lost out. Big time. (Avoiding urge to become political. Thank You.)
Grace, count me as a skeptic as to why a client would even ask for such a number. What little benefit I can see is infinitesimal compared to the costs and risks. Maybe that's why this is a hot topic for some of us greybeards. But it can be done correctly and, hopefully, that's what your client wants.
Just sayin...
Mark Galleshaw
IT Pro and Certified General
 
disposition value

Dont want to add to the confusiton but, what is the difference between "liquidation value" and "disposition value"?:new_multi:
 
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