What methods would you employ to arrive at the valuation price of your property?

Deciding to sell your business is one thing; determining the selling price is another. How would an owner determine the selling price of his or her property? Lets consider a situation where you want to close your business outright and cash out your property. For this purpose, you need to set a selling price for your property. However, before quoting a selling price, you need to determine the value of the property by comparing the prices of like properties sold in your area over the last three or four months. What methods would you employ to arrive at the valuation price of your property?In your opinion, would you be able to find the information on your own, or would you contact someone to obtain this information? If yes, how? If no, whom would you contact for the information?Will obtaining information from another individual cost you? If yes, how would you know the value set is correct? If no, why? (Hint: For information on these questions, you may contact a business real estate person in your area.)

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