The unique characteristics of real estate valuation

As one of the services of the field of price appraisal, real estate valuation is extremely necessary job for businesses. In order to accurately value real estate assets, help businesses capture the true value of assets and make accurate decisions about the purchase, sale, transfer, investment ...

WHAT IS A REAL ESTATE PRICE ASSESSMENT ?.

Real estate valuation means an estimate of the value of ownership of real estate assets, including land, condominiums, houses and construction works attached to land and properties. on real estate as required by law. These assets are traded on the market at the time of valuation for a well-defined purpose, with appropriate methods specified in Vietnamese valuation standards or international practices. 

PURPOSE OF REAL ESTATE PRICE APPRAISAL

- Preserving real estate: In the case of property valuation to serve the depreciation of assets, as a basis for implementing property insurance, compensation and property evaluation.

- Buying and selling real estate: Helping customers have the basis to set the best price for their property when conducting the purchase, sale, transfer ...

- Transfer of property and real estate rights: When equitizing state enterprises; contribute capital to business cooperation; consolidation, merger or dissolution; sell businesses or rent real estate.

- Compensation for real estate: When site clearance is implemented for projects; when there is an incident caused by another person.

- Serving mortgage: Valuation of collateral to confirm the loan terms of the business.

- Valuation of real estate in insurance: Conducted before signing the contract as a basis for making appropriate compensation when risks occur.

- Accounting, tax calculation: Is the asset declaration of enterprises in the report that must be performed.

- Some other purposes such as: Proof of assets, studying abroad, traveling, settling ...; consulting, setting up investment projects; valuation before asset liquidation ...

DOSSIERS OF REAL ESTATE ASSESSMENT REQUIRED
+ For individual houses
- Certificate of house ownership, residential land use right

- Construction permit

- Current status map

- Registration fee declaration

+ For construction works
- Certificate of ownership of construction works

- Construction permit

- Construction contracts

- Blueprint

- Completed drawings

- Acceptance record for project completion

METHODS OF REAL ESTATE PRICE
According to the regulations of the Ministry of Finance on the promulgation of Vietnam Criteria for Valuation No. 11 on Real Estate Valuation. There are currently 5 methods of appraising real estate assets including:

- Direct comparison / comparison method

- Cost method

- Method of deduction

- The surplus method

- Income method

PROPERTY ASSESSMENT PROCESS
Real estate valuation helps businesses to recognize and accurately assess their assets. In order to facilitate and achieve the highest results in the business activities of the business. Implement the method of real estate price appraisal that goes through the process with the following steps:

- Determining the overall value of assets to serve as a basis for price appraisal.

- Planning real estate valuation.

- Conduct field surveys to collect information.

- Analysis of relevant information about the property valuation.

- Determining the value of real estate assets

- Making reports on the results of price appraisal and certificates of price appraisal to customers and the appraisal board.

With the information we have provided above, you certainly have a lot of useful information. If you need to learn about price appraisal, equipment price appraisal, real estate needs to be appraised ... Please contact immediately:

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 see HERE
Hotline: 0934 252 707 / Email: info@inavn.vn