Quick House Sales: Seller Mistake or Luck?
Quick House Sales: Seller Mistake or Luck?
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快速房屋销售：卖家的失误还是运气？
DOI：
10.1006/jhec.1995.1011
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发表时间：
1995
期刊：
影响因子：
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通讯作者：
Jonathan Dombrow
中科院分区：
文献类型：
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作者：
C. Sirmans;G. Turnbull;Jonathan Dombrow
摘要 房地产市场上的房地产经纪人通常需要在短时间内将其房源录入多重挂牌服务（MLS）系统。有些房屋在经纪人挂牌后但在进入 MLS 系统之前立即出售。考虑到经纪人在交易过程中的作用以及敦促卖家接受次优报价的可能动机，这些房屋是否定价错误？本文研究了快速销售的房屋的价格。彻底的分析表明，与那些表现出正常销售时间的房屋相比，快速销售的房屋的均衡价格函数之间没有显着差异。此外，我们提供的证据表明，空置住房的业主将设定较低的保留价格，以反映相对于业主自住的住房而言较高的持有成本。结果提供了额外的证据，表明 MLS 以及房地产经纪人和抵押贷款市场作为一个相互关联的系统，足以有效地保护买家和卖家免受异常定价的影响。
Abstract Real estate brokers in the housing market are typically required to enter their listings into the Multiple Listing Service (MLS) system within a short period of time. Some houses sell immediately after being listed with a broker but before entering the MLS system. Given the role of the broker in the transaction process and the possible incentive to urge the seller to accept suboptimal offers, are these houses mispriced? This paper examines the price of houses that sell quickly. A thorough analysis reveals no significant differences between the equilibrium price function for houses that sell quickly when compared with those exhibiting a normal marketing time. In addition, we provide evidence that owners of vacant housing will set lower reservation prices to reflect comparatively higher holding costs vis-a-vis those occupied by owners. The results provide additional evidence that the MLS and real estate broker and mortgage markets are, as an interrelated system, efficient enough to protect buyers and sellers from abnormal pricing.