5 STEPS FOR EVALUATION OF SIMPLE LAND

When self-assessing housing prices, you need to understand the location and condition of the housing as well as compare selling prices with surrounding properties.

Step 1: Assess housing prices through location

The first thing when you self-assess housing prices is to take into account the location of real estate. In more detail, you need to determine where your housing is located, which district, major or small pavement, is in the main alley or side alley. Accordingly, houses located on the street front often have high business value, so it is certain that the selling price will be higher than the houses in the alley.

Step 2: Assess housing prices through local land price tables

After you have determined the location of the property, you need to spend some free time to consult the latest land price list issued by the provincial or city agency. Besides, you can also refer to the housing market prices based on information from banks, real estate companies, reputable websites ...

Currently, real estate advertising channels are quite popular, with just one click, you can consult information about house prices, land prices in the area and nearby areas.

Step 3: Evaluate housing prices through housing condition

Besides location factors, one of the most important things when assessing housing prices is that you must know how to classify real estate, identify your real estate as type 4, level 3, level 3. 2, level 1; villas or luxury apartments ... Moreover, when assessing the status of housing, you need to calculate the life of the house based on the time of construction and repair of houses to depreciate the value of real estate.

Step 4: Evaluate housing prices through the prices of nearby houses

Based on the mass media or information from real estate trading floors, you can easily search for housing information around your area. In addition, you should also explore real estate similar to your real estate such as area, location, transaction area to have a basis for comparison of prices.

A tip for you is to play the role of a homebuyer, survey the homes for sale in the area near your house to ask for the price. If possible, you consider about three apartments as well.

In addition, you can also ask neighbors, or the head of the neighborhood, nearby houses and land for sale. If you are in a market where real estate prices are hot, you can increase your asking price by about 10%. If the real estate market is in danger of freezing, you can use the valuation information as a tool to set the selling price by the price you have surveyed plus about 5%.

Step 5: Summarize information and give final evaluation

After you have gathered a lot of useful information, now is the time to review, summarize and compare all the information and set a reasonable price for your housing. In case you still have doubts about your valuation decision, it is advisable to have experienced people or valuation companies to do, avoid serious misalignment.

The value of real estate is made up of many factors, so in order to get an accurate valuation, we need to have sufficient information such as: legal status, state planning related to real estate ... Before conducting real estate transactions, you should refer to the steps mentioned above or go to reputable price appraisal units.

To determine the most accurate house price compared to the market, immediately contact a reputable valuation unit, a large brand in the market. Indochina Investment & Appraisal is proud to be a prestigious valuation unit, with years of operating experience, with nearly 30 branches and transaction offices nationwide, proud to meet the needs of Clients across the world. with real estate valuation

For further information please contact:

Indochina International Investment & Appraisal Joint Stock Company (INA)

• Address: 121 Nguyen Van Troi, Ward 12, Phu Nhuan District, Ho Chi Minh City
• System of branches and transaction offices nationwide TẠI ĐÂY
• Hotline : 0934 252 707 / Email: info@inavn.vn