Hedonic Models and the Inclusion of Conditions of Sale in Commercial Real Estate Transactions: A Review of the Literature

Spenser J. Robinson and Andrew R. Sanderford

Journal of Real Estate Literature, 2017, vol. 25, issue 2, 311-326

Abstract: In the hedonic analysis literature, there has been much discussion on the conditions of sale or the context, motivating factors, and contract specifics associated with real estate transactions. As conditions of sale are often present in commercial real estate transactions, the limited insight into their marginal price effects attenuates the effectiveness of both research and practice. The objective of this paper is to analyze the literature surrounding conditions of sale. We examine the hedonic literature to gain perspective on the extent to which conditions of sale could be an appropriate variable cluster added to hedonic analysis models. We summarize and thematically organize the empirical findings on specific conditions of sale in the real estate literature to help guide future ex ante empirical expectations.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2017.12090460 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjelxx:v:25:y:2017:i:2:p:311-326

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjel20

DOI: 10.1080/10835547.2017.12090460

Access Statistics for this article

Journal of Real Estate Literature is currently edited by Sophia Dermisi and Kimberly Winson

More articles in Journal of Real Estate Literature from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().