Who is to say what it is “valued” at? Isn’t that up to the market? Apparently he has been unable to sell it at that price, so that makes me think that’s not its true value.
I agree. I’ve seen MANY people say things like, “I sold my house at 5% under market”. Uhhh, no. If that’s what you were *able* to sell your house at, in that momement in time, then that is what the market value was.
