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This study investigates price and time-on-market effects of estate sales of houses versus typical housing transactions using a sample of 180,921 sold properties. The hypothesis that estate sales sell at a discount and sell more quickly than typical houses is supported by the empirical results....
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marketing time is negatively related to property quality. Results from a time on the market duration model indicate that higher …, properties that remain on the market longer have a lower probability of selling …
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