Dissertation/Thesis Abstract

The Potential Impact Radius of a Natural Gas Transmission Line and Real Estate Valuations: A Behavioral Analysis
by Hilterbrand, Charles M., Jr., D.B.A., University of South Florida, 2019, 130; 27548120
Abstract (Summary)

This study intended to address the question, “How would a purchase price be impacted if a seller provided buyers a notice that the residential property that has been listed for sale is located within a Potential Impact Radius (PIR) of a natural gas transmission line?” Does the notice of the location affect the purchase value a buyer is willing to offer for a residential property? Does the perceived risk associated with PIR affect the amount a potential buyer would offer?

To address these questions, a Qualtrics survey that included three video tour treatments of a residential property was sent to three groups. A control group was presented a video tour without any residential disclosure notice. A second group was presented a video tour with an audible notice that the residence is located within 500 feet of a natural gas transmission line. A third group was presented a video tour with an audible notice that the residence is located within the potential impact radius (PIR) of a natural gas transmission line.

Each respondent was asked to state a fair offer value for the residential property shown in their respective video. No statistically significant difference was found in the fair offer value mean between the control group and the group with notice the residence is located within 500 feet of a natural gas transmission line was found. No statistically significant difference was found in the fair market value between the group with notice the residence is located within 500 feet of a natural gas transmission line and the group with notice the residence is located within the potential impact radius (PIR) of a natural gas transmission line was found. A statistical significance was found where the control group was compared to the group with notice the residence is located within the potential impact radius (PIR).

Indexing (document details)
Advisor: Hammond, Robert, Hasbini, Mohamad Ali
Commitee: Pantzalis, Chris, Robinson, Dahlia, Culumber, Janene
School: University of South Florida
Department: Business Administration
School Location: United States -- Florida
Source: DAI-A 81/6(E), Dissertation Abstracts International
Source Type: DISSERTATION
Subjects: Finance
Keywords: Disclosure, Easement, High consequence area, Land use, Pipeline, Right of way
Publication Number: 27548120
ISBN: 9781392773406
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