Some Further Evidence on the Price of Mortgage Contingency Clauses

Kenneth M. Lusht () and J. Andrew Hansz
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Kenneth M. Lusht: Smeal College of Business Administration The Pennsylvania State University University Park, Pennsylvania 16802, http://www.kenanflagler.unc.edu/finance/
J. Andrew Hansz: Real Estate Appraisers and Consultants, Ltd., http://www.lg.com/

Journal of Real Estate Research, 1994, vol. 9, issue 2, pages 213-218

Abstract: A sample of row houses is used to investigate the price effects of mortgage contingency clauses in sales contracts. The results indicate a substantial price premium is associated with such contingencies, with the size of the premium indifferent to other transaction-specific variables.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1994
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