Optimal comparable selection and weighting in real property valuation: an extension
Article Abstract:
A study was conducted to examine the extension of earlier research on optimal comparable selection in real property valuation. The study extends Vandell's research which employs a minimum variance technique for analyzing variables in real estate appraisal. An alternative objective function, a strategy utilizing non-negativity constraints and a method applying a more robust comparable inclusion process extend the range of previous valuation methods.
Publication Name: Journal of the American Real Estate & Urban Economics Association
Subject: Real estate industry
ISSN: 0270-0484
Year: 1992
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The price effects of cash versus mortgage transactions
Article Abstract:
A study was conducted to analyze the price effects of cash versus mortgage transactions. Results show that selling houses in all-cash terms generate discounts. A sample of comparable row house units shows that cash basis transactions received 13% price discounts compared to other market transactions which used financing terms. These results support theries which describe real property buyer-seller relationships.
Publication Name: Journal of the American Real Estate & Urban Economics Association
Subject: Real estate industry
ISSN: 0270-0484
Year: 1992
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Appraisal-based real estate returns under alternative market regimes
Article Abstract:
A study was conducted to evaluate the statistical properties of real estate returns. A model describing transactions prices which reflect true prices is developed for the study. Appraisal rules from both Bayesian and non-Bayesian methods are applied in valuation measurements. Results show that current data must be emphasized for estimating returns. However, these returns must be used with discretion.
Publication Name: Journal of the American Real Estate & Urban Economics Association
Subject: Real estate industry
ISSN: 0270-0484
Year: 1992
User Contributions:
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