Subject: Re: Duplex 4 Sale - $ 40,000 Under Market Value !!!
Date: Sat, 17 Jul 2004 13:32:08 -0500
From: "John A. Weeks III" 
Newsgroups: misc.invest.real-estate

In article <15156bc4.0407170936.3bb1154e@posting.google.com>, Peter
Anthony  wrote:

> Duplex 4 Sale - $ 40,000 Under Market Value !!!
> 
> Market Value - $ 340,000      Sale Price $ 300,000

Market value is a foo-foo number.  Value is what a buyer is willing
to pay and a seller is willing to accept.  If you haven't sold it
yet, then it doesn't have that value, does it?  And if you are
offering it at $300K, then even you don't think it has a $340K
market value.

BTW, you forgot the one thing one would need to know to figure
out the real value of the property...the monthly rents.

-john-

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John A. Weeks III            952-432-2708         john@johnweeks.com
Newave Communications                       http://www.johnweeks.com
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