Download or read book A Model of Real Estate Auctions Versus Negotiated Sales written by Christopher J. Mayer and published by . This book was released on 1993 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Auction Versus Negotiated Sale written by Yuen Leng Chow and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We offer a theoretical and empirical comparison of auctions and negotiated sales. We first build a simple model to show that auctions generate a higher relative price than negotiated sales when demand for the asset is strong, when the asset is more homogeneous, and when the asset attracts buyers with higher valuations. Using data from property sales in Singapore, we find support for our theoretical predictions. In addition, we find that auctions do not necessarily generate a higher price premium for foreclosed properties than for non-foreclosed properties.
Download or read book Market Mechanism Choice and Real Estate Disposition written by George W. Gau and published by . This book was released on 1992 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Assessing the Performance of Real Estate Auctions written by Christopher J. Mayer and published by . This book was released on 1993 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Model of Real Estate Auctions Versus Negociated Sales Christopher J Mayer written by Christopher J.. Mayer and published by . This book was released on 1993 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The All New Real Estate Foreclosure Short Selling Underwater Property Auction Positive Cash Flow Book written by Chantal Howell Carey and published by John Wiley & Sons. This book was released on 2009-08-07 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for How to Sell Your Home Without a Broker "On a scale of 1 to 10, this book is a 10." Robert Bruss Jump into the real estate game and win big! Home values are crashing and foreclosures are way up. You might think this is a terrible time to get into the real estate market but you'd be wrong! A crashing real estate market offers plenty of opportunity to profit, if you know how to change your strategy and adjust to the new market reality. In The All-New Real Estate Foreclosure, Short-Selling, Underwater, Property Auction, Positive Cash Flow Book, top real estate investors and authors Chantal and Bill Carey show you how to get in safely and get out profitably. They present four new strategies for taking advantage of today's high foreclosure rate and explain how to invest for the long-term as the market resets to more realistic levels. Novice investors will find plenty of strategies for profiting without risking all they have, and old hands will find new, unconventional techniques that will help them continue to profit even if the market continues to struggle. Inside, you'll learn how to: Combine short-term and long-term investing strategies for cash flow today and tomorrow Buy mortgages in foreclosure at rock-bottom short-sale prices Avoid dealing with lenders by using the seller as your banker Utilize the right type of real estate auction for your investment needs Maximize your cash flow for big profits now and in the future Prepare yourself to profit from rising prices and near-term inflation Whether you're a first-timer or an experienced real estate pro, this is the ultimate guide to getting into the real estate market safely and cheaply and getting out rich!
Download or read book Market Mechanism Choice and Real Estate Disposition written by Daniel C. Quan and published by . This book was released on 2002 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a model of mechanism choice in the disposition of real estate assets where we consider two alternatives: a search market and an auction. Within the search framework, we derive an equilibrium whereby buyers incur search costs and sellers incur holding costs for the period during which the property is not sold. In the auction alternative, the seller joins an existing pool of sellers in undertaking a multiple-object auction and pays a commission upon sale. Buyers and sellers freely choose their mechanisms, which in equilibrium are optimal given each group's conjectures about the mechanism choice of their counterpart. In equilibrium, agent cannot benefit from deviating from his choice and each agent's beliefs are consistent with the equilibrium outcome. It is shown that (i) buyers with high search costs will choose auctions because the auction payoff imposes an upper bound on buyers' gains from search and (ii) prices at auctions will be higher. Using vacant lot sales data and a method-of-moment estimator which accounts for the presence of an endogenous discrete mechanism choice variable, we estimated a hedonic regression to detect the price effect. It was determined that, on average, lots sold for $1.44 per square foot more in auctions than in the search market, as predicted by our model.
Download or read book Price Discovery in Real Estate Auctions written by Seow Eng Ong and published by . This book was released on 2013 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Little is known of the effects of the auction mechanism in relation to post-auction market sales. This empirical study of unsuccessful auctions shows that approximately half of these properties were eventually sold via private negotiations, at higher prices relative to last bids. The probability of a subsequent postauction transaction is significantly higher for apartments and terrace houses and when auction turnout is high; and lower in the absence of any bid and in some years. In addition, downward evisions to the opening bid improve the probability of subsequent sale. Prices of subsequent re-auctioned and privately negotiated sales decline with time to sale, consistent with the search process explanation.
Download or read book Price Dicovery in Real Estate Auctions written by Seow Eng Ong and published by . This book was released on 2006 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Little is known of the effects of the auction mechanism in relation to post-auction market sale. This empirical study of 966 unsuccessful auction observations over a period of almost five years is an initial attempt to provide insights on post auction effects. Approximately half of these properties were eventually sold via private negotiations. The post-auction privately negotiated sale prices are on average higher than the opening and last bids when at least one bid is received at the auction. However, properties that received no bids at the auction were transacted on average, at a discount to the opening bids. The probability of a subsequent post-auction transaction is significantly higher for apartments and terrace houses and when auction turnout is high; and lower in the absence of any bid and in some years. The price to opening bid differential increases with the number of increments at the auction, but is lower for more atypical properties and decreases with time-to-subsequent sale. The results lend support to the hypothesis that the auction mechanism provides a positive price discovery effect, ostensibly from publicity and exposure at the auctions. Interestingly, the probability of subsequent sale is also decreasing (albeit insignificantly) in the capital loss experienced by owners, lending some support to the loss aversion theory. However, the attenuation in opening bids is observed for all properties, regardless of whether they are put up for sale by owners or by financial institutions.
Download or read book Behavioral Economics in Real Estate Auction Processes written by Serge Koch and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This master's thesis provides an in-depth insight into each aspect of behavioral biases in the real estate market environment and bidding behavioral effects in particular through analyzing its underlying implications based on theoretical considerations, regression analysis founded on a comprehensive survey as well as a meta-analysis. It aims to establish a theoretical baseline of real estate auctions along with fundamental aspects of behavioral economics and, in a second step, to give a compelling comparison between auctions and negotiated sales of real estate. Based on his earlier analysis, the author tries to identify relevant market implications and effects with respect to the real estate market and fundamental aspects of behavioral economics followed by a thorough conclusion recapitalizing the overall working process of this paper. The results show that in the real estate market investors do not seem to act rational, nor are their misconducts uncorrelated. This thesis does thus greatly challenges the foundations of market efficiency due to the existence of behavioral biases.
Download or read book Price Discovery in Real Estate Auction Markets written by Annabell Gesang and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper offers an empirical and theoretical comparison of auctions and negotiated sales. It is shown, that the particular choice of auction impacts the auction price. Also, price-increasing factors are examined, which are then incorporated into an auction design that best exploits revenue maximization. Empirical evidence widely supporting a higher price from an auction compared to a fixed price sale is given and a model is built that confirms this relation for unique properties. The model also shows, that a start price increases the expected present value of an auction and that a repeated auction with a start price yields the overall highest expected present value of any auction format.
Download or read book The Real Estate Primer written by Geoffrey Gibson and published by Modern History Press. This book was released on 2014-05-03 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÿYou would not set out to climb Everest without the right training and equipment. Same with real estate, do not even start unless you know what you are doing. This book can be your guide, it is the result of thirty years in a very competitive real estate market. Let the author walk you through the marketplace in this easy step-by-step guide. This will help you achieve your real estate goals and save your hard earned money. Learn how to: Set up your search.Assess value.Understand the golden rule of real estate.Overcome the hurdle of price.Read the real estate market.Negotiate to buy or sell.Auctions.Successfully invest. ÿLearn more atÿwww.GeoffreyGibson.com Business & Economics : Real Estate - Buying & Selling Homes
Download or read book Game Theory Bargaining and Auction Strategies written by Gregor Berz and published by Springer. This book was released on 2016-04-30 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text bridges the gulf between theoretical economic principles of negotiation and auction theory and their multifaceted applications in actual practice. It is intended to be a supplement to the already existing literature, as a comprehensive collection of reports detailing experiences and results of very different negotiations and auctions.
Download or read book Sold written by Stephen John Martin and published by . This book was released on 2005 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A nostalgic look at days when-- making a living demanded ingenuity as well as hard work; life, devoid of today's electronic media bombardment, was simple; and entertainment was derived from simple pleasures; family life was close-knit and relationships cherished; simple gifts were appreciated; parents practiced discipline; the Generation Gap had not been discovered; education was taken seriously; friendships endured; moral values were taught at home; value was placed on handmade things; authority was respected; reading was not a lost art; consciences were heeded.
Download or read book Successful Real Estate Negotiation written by Peter G. Miller and published by HarperCollins Publishers. This book was released on 1988 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Negotiating the Sophisticated Real Estate Sale Transaction written by and published by . This book was released on 2000 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Auction Fever Winning Strategies to Buy Sell and Rent Real Estate written by and published by Lulu.com. This book was released on with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
