publication . Article . 1990

Estimating Net Realizable Value for Distressed Real Estate

James D. Shilling; John D. Benjamin; C.F. Sirmans;
Open Access
  • Published: 01 Jan 1990 Journal: Journal of Real Estate Research, volume 5, issue 1, pages 129-140
Abstract
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.
Subjects
free text keywords: jel:L85
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