THINGS TO KNOW VALUATION OF LAND HOUSE YEAR 2020

Real estate is a type of property that is traded on the market every day. However, how to determine your housing prices according to the current market prices, not everyone can do it. Today INA will share with you some methods to be able to best price your house. 

Step 1: Appraise real estate prices through location
Just like real estate properties, the first thing you should do when you do your own real estate valuation is to pay attention to the location of the house. Specifically, you need to determine what area your real estate is located in, what district, large road surface or small road surface, located in the main lane or lane. Because the value of real estate in general and real estate in general also obey the rule that if the street frontage usually has high business value, one thing is certain that the selling price will be higher than the houses in the house alley.

Step 2: Evaluate real estate prices through the local land price list
After you have determined the location of the property, you need to take some time to refer to the latest land price list issued by the Province or City agency. Besides, you can also consult the real estate market price based on information from banks, real estate companies, reputable websites ...
Currently, advertising information channels on real estate are quite popular on the internet, so you just need to go through a series of websites or real estate trading forums to check information on house prices. , land prices in the region and neighboring areas.
In addition, there is a reference channel for real estate prices that you can refer to is pricing information from banks.

Step 3: Evaluate real estate prices through the latest state of the house
In addition to the location factor, one of the important things when you self-appraise real estate prices is that you must know how to classify real estate, determine your real estate as category 4, level 3, level. 2, level 1; villas or high-end apartments… Moreover, when assessing the real estate status, you need to calculate the real estate life span based on the time of house construction and repair to depreciate the real estate value.

Step 4: Evaluate housing prices through the selling prices of neighboring houses
Based on the mass media or information from real estate exchanges, you can easily look up real estate information around your area. In addition, you should also research properties that are similar to your real estate such as area, location, transaction area to have a basis for comparing prices.
A little tip for you is to play the role of a home buyer, surveying the houses posted for sale in the area close to your home to ask for the price. If possible, consider three or more units best.

In addition, you can also ask your neighbor, or the leader of the neighborhood group, the neighboring houses and land are also for sale. If you are in a market where real estate prices are hot, you can increase the asking price compared to the appraisal information you get by about 10%. If the real estate market is in danger of freezing, you can use the valuation information as a tool to fix the selling price equal to the price you surveyed plus about 5%.

Step 5: Synthesize the information and make a final assessment
After you have gathered a lot of useful information, now is the time to review and compare all information and set a reasonable price for your property. In case you are still wondering about your valuation decision, it is a good idea to ask experienced people or price appraisal companies to avoid the situation of serious price mismatch.
The above are 5 basic steps to help you partly set your own home price. In addition, because the value of real estate is made up of many factors, so in order to have an accurate valuation, we need to have all the information such as: legal status, planning of the State. related to real estate ... Before conducting a real estate transaction, it is necessary to fully refer to the steps mentioned above or look to reputable valuation agencies.

Real estate valuation and appraisal services are one of the specialized areas of Indochina International Investment & Appraisal Company (INA). We are always confident with our strengths such as: nearly 20 years of operation in the valuation industry, with a system of more than 30 branches, nationwide transaction offices, abundant information data warehouses, a team of experts. numerous, highly qualified appraisal process, fast, strict appraisal process, minimizing appraisal costs ... Indochina International Investment & Appraisal Company (INA) will provide customers with information on prices value of real estate with high reliability for each evaluation purpose.