The Number One Success System Gifting

["Tommy Lee" <noss1233 gmail com>]

http://www.noss123.com/

It is important to distinguish between Market Value and Price.
A price obtained for a specific property under a specific transaction
may or may not represent that property's market value: special
considerations may have been present, such as a special relationship
between the buyer and the seller, or else the transaction may have been
part of a larger set of transactions in which the parties had engaged.
Another possibility is that a special buyer may have been willing to
pay a premium over and above the market value, if his subjective
valuation of the property (its investment value for him) was
higher than the Market Value. An example of this would be the owner of
a neighbouring property who, by combining his own property with the
subject property, could thereby obtain economies-of-scale. Such
situations often arise in corporate finance, as for example when a
merger or acquisition is concluded at a price which is higher than the
value represented by the price of the underlying stock. The usual
rationale for these valuations would be that the 'sum is greater than
its parts', since full ownership of a company entails special
privileges for which a potential purchaser would be willing to pay.
Such situations arise in real estate/property markets as well. It is
the task of the real estate appraiser/property valuer to judge whether
a specific price obtained under a specific transaction is indicative of
Market Value.