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How does the BLM determine the minimum purchase price for public lands?

April 26, 2017BLM determine lands minimum price public purchase

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How does the BLM determine the minimum purchase price for public lands?

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By law, public land cannot be sold for less than the fair market value (FMV) which is determined by an appraisal approved by the Department of the Interior’s Appraisal Services Directorate (DOIASD). The approved FMV becomes the minimum acceptable bid for a property.