The Importance of Home Appraisals in Real Estate Transactions

Determining the price is one of the mandatory steps you must do when conducting a transaction of a housing product. The value of real estate is made up of many aspects, So what factors to help buyers - sellers appraise the house in detail and accurately. Find out more information in the article below.

Why is it important to appraise a home before buying and selling?

When it comes to investing in real estate or looking for a place to live, the most important question people turn to is cost and price. Buyers or sellers need to be cautious and know how to appraise homes to be able to buy and sell at the best price. In fact, the house price appraisal stage is sometimes not appreciated before conducting the transaction, leading to the agreed price not being close to the market price, causing disadvantage to both investors and customers.

Article 4 of the Price Ordinance No. 40 stipulates: “Price appraisal is the assessment or re-evaluation of the value of an asset in accordance with the market at a certain time, at a certain time according to Vietnamese standards or international practices. economy”. The authorities will determine the monetary value of the assets to serve each purpose. The purpose of home appraisal can be purchase, sale, transfer, pledge, mortgage, bank loan; determination of investment value; providing financial leasing services; determine the value of property to serve the needs of the proceedings; tax calculation and accounting, financial reporting;...

There are two appraisal methods to determine the value of your home: one is to find out and self-assess by direct comparison methods, the other is to find real estate brokerage centers, appraisal companies. Professional house prices for advice on reasonable transaction prices.

Indochina International Appraisal and Investment Company is a partner of many domestic and foreign banks, is one of the leading real estate appraisal companies in Vietnam and strong brand Asean. Thats why real estate companies, large enterprises also trust to choose the valuation service of Indochina International Appraisal and Investment Company (INA) to use for appraisal purposes. prices are as follows: