Buying and selling again to enjoy the difference is the purpose of secondary real estate investors. The secondary real estate market is more active, the risk that homebuyers have to approach the price has been pushed up much higher than the real value is higher. So how do buyers get more
For more: apartment for rent , Property Guru
"soft" prices when buying secondary real estate?
In order to lower the price offered by a secondary real estate investor, buyers should be alert, considering several factors that may affect the value of real estate. Accordingly, buyers of secondary real estate should pay attention to the following issues:
Is the house / apartment old or new?
Determining the new level - the old house / apartment you intend to buy will help much in negotiating prices to get the "softest" price. Because, except for houses with historical value, the age of the house is inversely proportional to its price, the older the house, the more "soft" the price. However, determining how old the house is is not an easy thing to see with the naked eye. Because, usually, the old houses are resold will go through the renovation, renewed so that they look neat, clean, decent. Therefore, before you buy, you need to learn more about the history of the house and make it a benefit for you when negotiating prices.
Is that position favorable for development?
The more profitable position helps increase the price of real estate. So, if the house you intend to buy is not in the "golden" position as it is at the junction, the intersection of major traffic axes, major roads or in the center of an existing city Development investment, there are big projects under construction that make the face change every day, you can consider asking secondary investors to reduce prices a bit. The planning and development direction of the area where the house is located will greatly affect the value of the location as well as the value of the property. Therefore, you need to be alert to carefully consider the planning direction, the ability to develop from the location of the house at that time as well as the future to get the best deal.
Also, in terms of location, you should consider whether the vision from the house / apartment is good, whether there is mineralization. You should pay close attention to the main doors and windows for the most accurate evaluation. When there is a vision problem (at an acceptable level), you can take it as a condition to ask a secondary investor to lower the price.
Is the infrastructure of the house and the area good?
There are many things you need to consider about infrastructure, such as: is it convenient to have traffic conditions (convenient to go to central areas, open roads, good quality, often traffic congestion, flooding ...), utility facilities (hospitals, schools, commercial centers, libraries ...) are near and abundant, the space is green - clean (green system, water supply, noise ...), electricity, communication are convenient ... These things not only help you to understand your future home but also help you get a "soft" price.
Social factors
Social factors such as quality of medical and educational services; security issues; customs of the people; careers, employment status, family and social emotional relationships of "future neighbors" ... in the region also affect real estate prices. Therefore, it can become a point to help you negotiate with real estate investors in the most profitable way.
Real estate market at the time of purchase
In addition to the above factors, you should also consider the real estate market at the time of purchase to get proper negotiations. For example, the City real estate market report. In Ho Chi Minh City, in the second quarter of 2016, CBRE Vietnam noted that on the secondary market, typical high-end apartment projects of the East area of the city have a phenomenon of local price reduction. There are even a few cases where the secondary real estate investor accepts to sell at a price lower than the purchase price.
If you know how to negotiate based on specific knowledge of the market as well as the real value of the house, buying a real estate asset at a "soft" price than the price offered by the secondary investor is work is possible.
-----------------------------------------
Peter Hoang - Founder at RENTAPARTMENT agency
Email: peter@rentapartment.vn
Phone: 0903044551
