Liquidation value
Liquidation value is primarily useful for a creditor involved in mortgage recovery. It will provide you with an estimate of the price you can hope to obtain for a rapid sale.
Liquidation value is the price you will most likely receive for the sale of a property in a particular situation, and as such differs from market value.
As regards liquidation, the buyer is prudent, having full knowledge of the facts, while the seller is compelled to sell. Moreover, in such a situation, the transaction must be conducted within a short timeframe and marketing efforts are limited.
Often, in these circumstances, building maintenance has been neglected or the building presents various problems. In addition to producing a valuation, an HPDG appraiser will indicate any irregularities noted and the state of the property, as well as the scale of investment required to restore the building to normal living conditions.