THE BEST-OFFER-OVER PRICING METHOD: A BEST-STRATEGY? A CASE-STUDY IN THE ROTTERDAM HOUSING MARKET J.A. (JOOST) BOUMAN August 28TH 2020 University of Groningen | Faculty of Spatial Sciences |Real Estate Studies COLOFON Title The best-offer-over pricing method: a best-strategy? A case study in the Rotterdam housing market Version Final Author J.A. (Joost) Bouman Student number S3735818 E-mail (university)
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[email protected] Primary supervisor dr. M.N. (Michiel) Daams Secondary supervisor dr. M. (Mark) van Duijn Master’s program Real Estate Studies University University of Groningen Faculty Faculty of Spatial Sciences Address Landleven 1, 9747 AD Groningen Disclaimer: “Master theses are preliminary materials to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the author and do not indicate concurrence by the supervisor or research staff.” Master’s thesis J.A. (Joost) Bouman 1 University of Groningen | Faculty of Spatial Sciences |Real Estate Studies Abstract As the best-offer-over method has been used increasingly in recent years, this suggests that the method is possibly rising to become the optimal sales strategy for house sellers. This study considers the situation in Rotterdam, where the use of the best-offer-over method has risen to 7.2 percent of all transactions in 2019, from only one application in 2008. Many argue that the best-offer-over method has a positive effect on transaction prices. To examine this, the present study focuses on the effect of the best-offer-over method on transaction prices in Rotterdam.