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<blockquote data-quote="simme" data-source="post: 1657342" data-attributes="member: 40418"><p>An appraisal is probably the best way to <strong>estimate </strong>value. But in the end, a piece of property (real estate, cow, tractor, vehicle) is worth whatever someone will pay for it - no more. There can be a great deal of variation in that over time depending on circumstances and awareness, supply and demand. To the owner, it can be "worth" whatever he wants it to be. But in order to sell, agreement is required from BOTH the buyer and seller. </p><p></p><p>I am sure of this - People often pass on the purchase of land thinking it is too expensive and they can't afford it. Then 20, 30, 40 years later, they can't believe they passed up on it. They realize it was a bargain. Amount of land is fixed. Amount of farm land is decreasing. Number of people wanting to buy land is increasing. Price is going up most places.</p></blockquote><p></p>
[QUOTE="simme, post: 1657342, member: 40418"] An appraisal is probably the best way to [B]estimate [/B]value. But in the end, a piece of property (real estate, cow, tractor, vehicle) is worth whatever someone will pay for it - no more. There can be a great deal of variation in that over time depending on circumstances and awareness, supply and demand. To the owner, it can be "worth" whatever he wants it to be. But in order to sell, agreement is required from BOTH the buyer and seller. I am sure of this - People often pass on the purchase of land thinking it is too expensive and they can't afford it. Then 20, 30, 40 years later, they can't believe they passed up on it. They realize it was a bargain. Amount of land is fixed. Amount of farm land is decreasing. Number of people wanting to buy land is increasing. Price is going up most places. [/QUOTE]
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