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- Title
Sales Comparison Analysis of Power- Generating Assets: The Role of Structure and Time.
- Authors
Rode, David C.; Presto, Jennifer J.; Paez, Antonio R.; Fischbeck, Paul S.; Steve R. Dean
- Abstract
Valuing power-generating assets by the sales comparison methodology is complicated by the fact that these assets are often sold in heterogeneous portfolios. This article documents a difference in valuation levels between transactions comprised of homogeneous and heterogeneous portfolios. It also demonstrates that as market conditions change over time, appraisers must reassess how they interpret the historical transaction record to form an opinion of value by the sales comparison approach. To improve the accuracy of sales comparison analysis for both retrospective and current valuations, a model is developed that integrates the influences of heterogeneity and time (market conditions) on power-generating real property.
- Subjects
VALUATION of real property; APPRAISERS; MARKETS; REAL property; RECORDS; SALES
- Publication
Appraisal Journal, 2006, Vol 74, Issue 2, p144
- ISSN
0003-7087
- Publication type
Article