Knight, John R.; Miceli, Thomas; Sirmans, C. F. - In: Journal of Real Estate Research 20 (2000) 3, pp. 323-336
This paper examines the impact of repair expenses on the selling price of a house. Using data from settlement statements, we investigate the frequency and extent to which performance of major repairs is part of the sales contract. We find that most homes are restored to a "normally maintained"...