How do I estimate the property value and come up with a purchase price?
Potential buyers are required to purchase a PSP in order to place a bid. The information contained in the PSP should be read in full and then used as the basis for your bid price. Further due diligence done by the potential buyers is allowed if he/she feels it to be necessary. It is also recommended that you visit the site prior to placing a bid. However, when viewing sites, bidders should under no circumstance ask questions of store managers or employees. Bidders violating this requirement may be disqualified from bidding.
Related Questions
- I am about to purchase a property at a price significantly below the assessed value. Will my property taxes be based on the new purchase price or on the assessed value?
- Does the purchase price always equate to the final estimate of market value?
- How do I estimate the property value and come up with a purchase price?
