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Is it better to sell the highest bidder or the lowest bidder

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Reference no: EM132471828

The Adams Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are as follows:

  1. from the state's Department of Public Safety (DPS), $2.3 million;
  2. from the Second Baptist Church, $2.2 million; and from Baker Motors, $2.1 million.
  3. DPS would use the property for a new state highway patrol barracks, Second Baptist Church would start a church school, and Baker would open a car dealership.

Question 1: Is it better to sell the highest bidder or the lowest bidder?why? Do you think there are any other taxes we should consider when looking at this type of transaction?

Reference no: EM132471828

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