Dictionary of Real Estate Terms: liquidation price or value
liquidation price or value
the amount a property would bring under an immediate sale, minus transaction costs.
Example: A tract of vacant land was appraised at a market value of $100,000. If it were sold immediately, without the market exposure that it would ordinarily receive in a normal transaction, it would likely bring only $75,000, and expenses of sale would be $5,000, so the liquidation value is $70,000.
