Your client, Hera, owns a small house on a family farm at the edge of town. The house and farm have great sentimental value to Hera. In fact, just last year, Hera turned down an offer to sell the farm for $400,000, an offer that was significantly over the appraised value of $200,000. Hera stated that she just couldn’t imagine selling off her heritage for any price. As such, she was quite upset when the city approached her a month ago and indicated that it planned to condemn the house and farm in order to expand a local highway. The city has indicated that it plans to offer her $200,000. You tell her that this offer is:
Too low by $200,000
Too low by at least $200,000
Too high by $100,000
As good as she is going to get
