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Self-assessment of simple land with 5 steps

Self-assessment of simple land with 5 steps

When evaluating your own property, you need to thoroughly understand the location, housing status as well as price comparison with the surrounding lands.

Step 1: Appraise the price of land and house

The first thing when you self-assess the price of housing is to pay attention to the location factor of the property. In more detail, you need to determine which area your home is located in, which district, large pavement or pavement is located in the main alley or alley. Accordingly, the houses in front of the road are often of high business value so it is certain that the price will be higher than the land in the alley.

Step 2: Appraise the land price through the local land price list

Once you have determined the location of your property, you will need to set aside a free period of time to refer to the latest land prices issued by the provincial or municipal authorities. In addition, you can also refer to real estate market prices based on information from banks, real estate companies, reputable websites …

Nowadays, the real estate information channels are quite popular, with just one click you can find information about house prices, land prices in the area and surrounding areas.

HCMC real estate market
You can refer to real estate market prices based on information from banks

Step 3: Evaluate the house through the condition of the house

In addition to location factors, one of the important things when you self assess the price of the property is that you have to know how to classify the property, determine your home is type 4, level 3 2, level 1; In addition, when assessing the condition of the property, you need to calculate the life of the land based on the time of construction and repair of the house to depreciate the value of real estate.

Step 4: Appraise the house price through the sale price of adjacent land

Depending on the media or information from the real estate trading floor, you can easily look up information about the real estate around the area. You should also look at real estate similar to real estate such as area, location, area of ​​transaction to have a basis for price comparison.

A tip for you is to play a homebuyer, surveying homes for sale in the area near your home to ask for the price. If possible, you see about three bases as well.

In addition, you can also ask neighbors, or head of the neighborhood neighborhoods are also available for sale. If you are in a market where real estate prices are hot, you can increase your offer 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 price by the same price you surveyed plus about 5%.

You can self-assess the price of the property through the sale price of the neighboring property
You can self-assess the price of the property through the sale price of the neighboring property

Step 5: Summarize the information and make a final assessment

Once you have gathered a lot of useful information, now is the time to look at, compare and compare all information and set reasonable prices for your land. In case you are still confused about your pricing decision, it is a good idea to seek expert advice or a valuation specialist to avoid serious misrepresentation.

The value of real estate is made up of a number of factors, so in order to accurately price, we need to have the full range of information such as legal status, state planning related to real estate … Before conducting real estate transactions, need to refer to the steps mentioned above or to the prestigious valuation units.

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Self-assessment of simple land with 5 steps
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