Can an offer to purchase a piece of property serve as a legitimate indicator of the market value of that property? A former Real Estate Center chief economist addresses that question in a new article available online.
Written by Dr. Jack P. Friedman for Right of Way magazine, "Offers as a Market Value Indicator" covers IRS valuation standards and includes an analysis of a recent court case involving the purchase of a 93-acre parcel in Dallas.
RECON - Offers as a Market Value Indicator
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