"What's It Worth - Who Wants to Know?": The Valuation of Real Property in Litigation
20 PROBATE& PROPERTY JANUARY/FEBRUARY 2002 away. This rarity aside, real property is usually unique in a number of factors, including its location. It generally lasts forever and is of limited supply. Its value may be very dependent on its use, which could be unique to its preseen owner. Accordingly, the value of real property may not be equated to what it cost; nor does fair market value necessarril mean assessed value. Real properrt value will often vary depending on Michael Rikon is a partner...