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Useful Tips To Help You Self-assess Property Prices

Real estate is considered a high-value asset. Usually, their value is influenced by a variety of factors, including the location of the property, the type of property, the status of the property, etc. Therefore, when evaluating real estate, You need to find out more about these issues.

Location of the property

Useful tips to help you self-assess property prices
When evaluating the property, you need to pay attention to the location of the property.

The first thing when you self-assesses the property price is to pay attention to the location of the property. More specifically, you must identify the property that is located on a large pavement or pavement, in a main alley or alley. Accordingly, the real estate located in the pavement. It is often of high business value so it is certain that the selling price will be higher than the type of real estate in the alley.

Learn about land prices

Once you have identified the location of the property, you need to take the time to refer to the land price list issued by the provincial or municipal authority. In addition, you can also refer to market prices based on information from banks, real estate companies.

Classification of real estate status

Useful tips to help you self-assess property prices
Real estate status is also an important factor in valuation. Photo: Internet

One of the important things about self-assessment of property is that you have to know how to classify real estate, which is type 4, level 3, level 2, level 1; In addition, when assessing the condition of a property, you need to calculate the life of the property based on the time of construction and repair of the house to depreciate the value of real estate.

Compared to similar properties

Rely on the mass media or real estate trading floors, you can easily look up information about real estate. Also, be aware of real estate similar to your real estate such as area, location, the area of the transaction for comparison.

~~>>See more information about the real estate law here: Vietnam real estate law

Synthesize the information and make a final assessment

Once you have collected a lot of useful information, now is the time to review and compare all the information and set a reasonable price for your property. In case you are still confused about your valuation decision, it is a good idea to ask experienced people or valuation companies to avoid serious misrepresentation.

Useful tips to help you self-assess property prices
Real estate appraisal should also pay attention to planning issues.

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

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