Assumption Financing and Property Values: A New Perspective and Valuation Implications

Douan Tirtiroglu

ERES from European Real Estate Society (ERES)

Abstract: This paper benefits from the Adjusted Present Value (APV) in advancing a theoretical framework for valuing properties financed especially under assumption financing. We use APV to show that the valuation process should first establish a subject propertyÌs all-equity value. Once this is accomplished, APV suggests that an analyst consider various incremental values from using debt financing and that those deemed belonging to the seller be added to the all-equity value to establish a final property value.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2003-06-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2003-276 (text/html)

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:arz:wpaper:eres2003_276

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().