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Why do jointly held interests sell at a discount?

Why do jointly held interests sell at a discount?

by Permian Buyer | Nov 4, 2016 | News, Undivided Interests

We recently had an appraiser value an undivided interest in West Texas ranch land.  The appraiser discounted the interest by 50%.  So that means that if the whole value of the land would have been worth 100,000, a 25% interest would be worth $12,500 rather than...

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