Author: Kenneth M. Lusht and J. Andrew Hansz

Start Page: 213
End Page: 218
Volume: 9
Issue Number: 2
Year: 1994
Publication: Journal of Real Estate Research

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.