Quote:
Originally Posted by cologal
This farm has been for sale for quite some time and put up for auction maybe 2 years ago with no sale. The owner moved operations to Kentucky maybe 5 years ago.
Perhaps its a fire sale. As for the polo fields I was told, a common statement here in TV, that the developer was sold the Polo property as long as Polo was played there for 99 years....If this is true the 99 years are not up yet.
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If it was sold for twelve million, no doubt that a valid appraisal would value it at that price or less . You can ask any amount , but if there is no buyer at that level , then that is not the value.