The Effect of Seller Ownership and Financing Choices on the Selling Price of Foreclosed Homes

Bruce L. Gordon and Daniel T. Winkler

Journal of Housing Research, 2017, vol. 26, issue 2, 179-194

Abstract: Numerous studies have examined the effect of foreclosures on the selling prices of residential properties, but few have considered whether ownership and financing terms affect selling prices. The findings indicate that investor-resale properties sell at a significant premium relative to comparable properties sold by commercial banks, while GSE-owned properties sell at a slight premium. Also, cash buyers are able to negotiate lower prices from sellers.

Date: 2017
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DOI: 10.1080/10835547.2017.12092134

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