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I sometimes ask a client "What is a house worth?" or "What is a diamond worth?" and "Who is in the best position to answer those questions?"
The answers are obvious and simple - - "It depends;" "it depends;" and "It takes an expert" - - such as a real estate broker or gemologist to best evaluate such worth. The value of a house, for example, will depend upon, among other things, what other homes in the same neighborhood are selling for, its age, condition, unique qualities, potential problems and the willingness of the respective parties to consummate a deal.
The value of Medical Malpractice…