FMV vs OLV vs FLV: one machine, three values
One machine, three different numbers. What separates fair market value, orderly liquidation value and forced liquidation value, and why the premise has to be stated before the figure means anything.
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Transcript
Every word, if you would rather read it.
One machine. Three different values. Here are the terms of the trade.
Fair market value. What a willing buyer pays a willing seller, neither one under pressure, with time to make the deal.
Orderly liquidation value. The equipment must sell, but there is still time to market it properly.
Forced liquidation value. Auction day. As is, where is, to the highest bidder, now.
Same machine, three numbers. The right one depends on the question. Lukes and Lukes. lukesappraisals.com.
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