AFFECTING FACTORS USA LAND PRICE NEED FOR APPRAISAL BEFORE BUYING

With an item as valuable as a diamond, when buying and selling, it is required to have an inspection certificate, accurately assessing the accuracy and beauty of each diamond. The price also depends on that. When it comes to accreditation, it is a piece of jewelry of great value. On the contrary, it is just a sparkling stone, nothing more, nothing less.

2018 has seen good growth from the US real estate market, with low interest rates and a limited supply of quality real estate creating an ideal environment for real estate retailers. all over America. The same INA quickly points a number of factors affecting current US housing prices.

Location of Real Estate in the West Bank

Unlike in other regions, the increase in value may increase slowly or moderately by 4-5% / year, but in the West Bank, most real estate investors often face real estate value. real estate escalated many times faster than reality. Therefore, the battle to find reputable consultants and the searching time lasts long when investors enter a very competitive market. This is especially true in regions of California, where four of the five most expensive US housing markets are located in San Jose, San Francisco, Orange County and San Diego.

Real estate appraisal value from consulting representatives

An appraisal is a mandatory requirement of property valuation under federal law. Whenever an investor decides to cash down or proposes a real estate-related loan, an appraiser conducts the real estate structure survey, required credit rating and potential of real estate before consulting to investors.

Fluctuations in US economic indicators

The strength of the economy in general has a significant impact on the real estate market as investors ability to support housing prices mainly depends on key factors such as GDP, unemployment, and revenue growth. import. Californias income growth rate, for example, reached 1.2% in the first quarter of 2015 compared with the national average of 0.9%. This gives buyers the ability to spend more on housing, thus increasing property prices.

Interest rate

When it comes to interest rates in the US, it is impossible not to mention the interest rates of the US Federal Reserve (FED). Low Fed rates often lead to lower mortgage rates from banks; this in turn reduces the monthly mortgage payments that home buyers have to pay for a given mortgage. The smaller the monthly payment, the more affordable loans a potential home buyer will have. This fact can increase the chances that investors are eligible to own a home, and also indirectly push real estate prices up.

According to many forecasted documents in 2019 by economists Morgan Stanley, FED will once raise interest rates in 2019. However, because income and other economic factors continue to increase, especially especially in California. Some experts do not believe that the Fed rate hike will have a significant impact on residential real estate prices, especially for investors that trade directly with cash.

Investors

The financial crisis has created an attractive environment for investors with a "thirst" for residential real estate. The high number of foreclosures and short sales have provided domestic and foreign investors the opportunity to own affordable properties that can be rented or renovated and sold for differential returns. .

Recent NAR research shows that the proportion of homes bought by speculators accounts for about 20% of the market, the market can slow down when these parties reduce prices to attract new investors. These speculators will want to liquidate some of their assets in some areas, which could lead to oversupply at a time.

Other factors ...

Obviously, with the worlds No. 1 economy, the United States has many other factors that affect real estate prices: Mortgage interest rates can push real estate prices up to 25% by replacing Affordability of housing prices and local planning trends. There are also many other factors such as urban areas, social issues, the quality of the Internet connection, traffic ... all affect the value of real estate in an area.

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Indochina International Investment & Appraisal Joint Stock Company (INA)

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