Estimating Net Realizable Value for Distressed Real Estate

This paper provides a framework for adjusting distressed real estate properties for liquidating discounts. We estimate the probability of receiving an offer on a property in any particular short interval of time. Our empirical evidence allows us to predict the average rate at which offers will occur in any particular interval of time. Further, it allows us to arrive at an estimate of net realizable value, adjusted for selling expenses.

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Year of publication:	1990
Authors:	Shilling, James D. ; Benjamin, John D. ; Sirmans, C.F.
Published in:	Journal of Real Estate Research. - American Real Estate Society. - Vol. 5.1990, 1, p. 129-140
Publisher:	American Real Estate Society

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Classification:	L85 - Real Estate Services
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005258573