Property sold at liquidation value is sold at distressed value. "Going out of business" sales move goods at liquidation value.

Another way of thinking about liquidation value is that it is an extreme demonstration of a buyer’s market.

In a divorce, some property almost always ends up being sold a liquidation value. Almost all the household goods that people buy at malls -- "stuff," as George Carlin puts it, the things people don’t need but cannot live without -- sell for liquidation value. Even expensive items -- televisions, computers, lawn tractors -- command only a fraction of the sale price when sold secondhand under distressed conditions.

Compare Fair Market Value and Fair Value.

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1. Household Goods go for Garage Sale Prices
   In a divorce, nothing is more foolish than fighting over household goods
   because they command garage sale prices. Household goods include furniture, pots, pans, bedding, the porch furniture and probably everything stored in a self-store lockup. Don’t fight over it. it is just not worth it -- emotionally or financially.
   Contributed on 7/6/2007 by: DivorceDex.com Staff

   Category: Property Valuations  (Applicable in All States)
2. Selling Personal Belongings - A New Beginning
   Strange as it may seem, some people find a strange liberation in starting anew unburdened on household goods they have sold at fire sale prices.
   One woman ending a long marriage said the garage sale of her household goods was "a catharsis."
   Contributed on 7/6/2007 by: DivorceDex.com Staff

   Category: Property Valuations  (Applicable in All States)

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