What is a bulk value?
The term “bulk value” is defined in the Appraisal Standards for Land-Secured Financings, published by the California Debt and Investment Advisory Commission (CDIAC) as follows: “The most probable price, in a sale of all parcels within a tract or development project, to a single purchaser or sales to multiple buyers, over a reasonable absorption period discounted to present value, as of a specified date, in cash, or in terms equivalent to cash, for which the property rights should sell after reasonable exposure, in a competitive market under all conditions requisite to a fair sale, with buyer and seller each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue stress.” ———————
