When self-assessing housing prices, you need to understand carefully about the location and condition of the real estate as well as compare the selling prices with the surrounding houses.
Step 1: Appraise housing prices through location
The first thing when you assess that housing price yourself is to pay attention to the location of real estate. In more detail, you need to determine which area your house is located in, which district, major street or small road surface, located in the main alley or side alley. Accordingly, houses that are located on the front of the street are often of high business value, so it is certain that the selling price will be higher than the houses in the alley.
Step 2: Appraise housing prices through local land prices
After you have identified the property, you need to set aside a free time to refer to the latest land price list issued by the provincial or municipal agency. Besides, you can also refer to housing market prices based on information from banks, real estate companies, reputable websites ...
Currently, the housing advertising channels are quite popular, with just one click you can consult information about house prices, land prices in the region and nearby areas.
Step 3: Evaluate housing prices through housing conditions
Besides the location factor, one of the important things when you assess that property price yourself is that you have to know how to classify real estate, determine your real estate as a level 4, level 3, grade house 2, level 1; Villa or luxury apartment ... Moreover, when assessing housing conditions, you need to calculate the life of the house based on the time of building and repairing the house to depreciate the value of real estate.
Step 4: Evaluate housing prices through the selling prices of neighboring houses
Based on mass media or information from real estate trading floors, you can easily look up information about real estate around your area. In addition, you should also explore properties similar to your real estate such as area, location, and traded areas for a comparison of prices.
A good tip for you is to play the role of a home buyer, surveying houses posted for sale in your neighborhood to ask for the price. If possible, you see about three units as well.
In addition, you can also ask your neighbors, or the leader of the neighborhood, the nearby houses and land for sale. If you are in a market where real estate prices are hot, then you can increase the selling price compared to the valuation information you get about 10%. If the real estate market is at risk of freezing, you can use valuation information as a tool to fix the price by the price you surveyed plus about 5%.
Step 5: Summarize the information and give the final assessment
After you have gathered a lot of useful information, now is the time for you to review and summarize the entire information and set a reasonable price for your property. In case you are still wondering about your valuation decision, it is advisable to ask experienced people or valuation companies to avoid serious misjudgment.
To determine the most accurate house price compared to the market, please contact a reputable valuation unit, having a big brand in the market. Hoang Quan Appraisal is proud to be a prestigious valuation unit, operating experience with 17 years, with nearly 30 branches and PGD nationwide, proud to meet the needs of customers across the country with operations valuation of the Real Estate
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Hoang Quan Appraisal Company - with more than 18 years of experience in the market with 30 branches & PGD nationwide coverage
Head office: 117 -119 Nguyen Van Troi, Ward 12, Phu Nhuan District, Ho Chi Minh City
Hotline: (028) 3844 3396
Website: hqa.com.vn
Email: info@hqa.com.vn
