Page View
Landmark Research, Inc. / Appraisal of Pack River lands: Chelan County, Washington as of January 1, 1981
(January 1, 1981)
B. Definition of acceptable arms-length transactions, pp. IV-2-IV-7
Page IV-2
overcome differences in both size and quality or suitability for the use presumed. This section of the appraisal details the procedures, properties, and final valuation benchmarks developed for valuation of the subject property in Clusters I-IV. B. Definition of Acceptable Arms-Lenath Transactions There are markets where each purchase represents the effective demand of a single party at interest, such as the market for detached single-family homes or commercial facilities purchased for a single proprietorship. However the scale and increasing cost of real estate has led to increasing use of group purchase mechanisms to effect the market requirements of each member of the group, whether it be real estate syndications, corporations, municipal economic development groups, or local and national conservancy groups which raise money to buy, hold, or gift landmarks and open space to the public interest. As discussed in Section I, E.3., groups like the Nature Conservancy represent customers in the market for wilderness. Since they are eligible to receive cash donations and donations of land as tax-deductible gifts, it has been argued by some that their acquisitions and transfers to government are not arms-length transactions. However, this appraiser has assumed, IV-2
This material may be protected by copyright law (e.g., Title 17, US Code).| For information on re-use see: http://digital.library.wisc.edu/1711.dl/Copyright




