RT Journal Article
SR Electronic
T1 Evaluating the Influence of Personal Relationships on Land Sale Prices: A Case Study in Oregon
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 385
OP 398
DO 10.2307/3147132
VO 77
IS 3
A1 Perry, Gregory M.
A1 Robison, Lindon J.
YR 2001
UL http://le.uwpress.org/content/77/3/385.abstract
AB Land transactions typically involve substantial personal interaction between buyer and seller. Despite this fact, researchers have made little attempt to determine how personal relationships influence the terms of trade for a property. In this study, Linn County, Oregon, farm land sales from 1992–1997 were examined to better understand and quantify the influences of personal relationships. Transactions between relatives and neighbors involved special considerations with greater frequency than did those between strangers and acquaintances. Transactions between parent and child and between neighbors brought significantly less than sales between strangers. Transactions resulting from a realtor or advertisement sold at a significant premium. (JEL Q24).