Owners are always asking us, “What is my property worth?” Sure most real estate brokers can spit out a number on the spot but wouldn’t you feel better if some real thought and actual research were used in coming up with the numbers? You deserve to have some basis for the value, so why not ask for it. Armed with this information you will be better equipped to formulate a game plan that serves your interests.
Please do not get upset. I’m not going to explain the intricacies of IRC 170, God forbid! However, what I do want to do is explain how an owner, with a difficult property to sell, might think of employing IRC 170 to get rid of the property.