Seeks to address the problems inherent in valuing a property forsale by auction, both in terms of likely selling prices and in fixingsuitable reserves. Considers auction valuations, forced sales, limitedtime constraints, properties suitable for auction, likely sellingprices, the fixing of reserves and special purchasers. Concludes that avaluer who is regularly active in the auction market should be readilyable to assess the suitability of a property for auction and giveguidance to a vendor client.
Journal of Property Valuation and Investment – Emerald Publishing
Published: Jan 1, 1993