In real estate business, the landlord's biggest concern is valuation because the value of the house changes constantly depending on many subjective and objective factors. How to be able to offer a reasonable price, just worthy of the asset value, is also attractive enough to attract many buyers? All you can find in 4 steps:
Comprehensive review of the house
Do not rush to price the house when you do not have the full information of the house you own. This is also the time to survey the trend of the real estate market at the time you are about to sell your home. Regarding the review process, we need to pay attention to the "subjective" and "objective" aspects of the house. Subjective here are the internal and surrounding factors of the house, and objectively are environmental issues such as economy, society, nature affecting the value as well as the trend of buying - selling at the time present.
For more: apartment for rent in Ho Chi minh city: https://rentapartment.vn
Subjective factors
- House decentralization: You need to classify the status of your home as a level 4, level 3, level 2, level 1, villa, or luxury villa ... to determine the correct price, but must calculate from the time of construction. , repair the house to deduct depreciation.
- Location: front road, internal road, main alley or side alley. If the house is located right on the street front, there is a high business value, so the selling price will be higher than that of alley houses.
- Scale: as detailed as possible, from area to length, width to size each room, balcony. Special points of the house such as terrace, mezzanine, ... All, you need to record clearly and specifically.
- Legal status: legal documents on land use rights, home ownership and existing construction permits.
- External architectural form: describe the appearance of your home with at least 5 adjectives. Aesthetics is also part of the value of property.
- Furniture: this is not the first priority for real estate houses, but the comfort of the interior is an extremely attractive information for those who want to buy houses for domestic use. This is absolutely a remarkable point to increase the price for your home.
Objective factors
- Demand for Real Estate:
Stay tuned to the media in the moment you want to sell your house to update the "hot" situation of the real estate market. You can also keep track of information on reliable and constantly updated websites like http://timhome.vn to get the most accurate and timely information. You can refer to information in forums or friends but don't be 100% confident, but check the information through regular channels.
On a small note, Vietnam is an East Asian country, so some times of the year Real Estate "is bad" like the lunar July (often called "the month of the soul"), so it is not convenient for buying and selling home, security settled. The time of Tet and immediately after Tet is not the right time to sell the house.
- Policies:
The change of policy and local government may have impacts on the real estate market in general and the investment in real estate in particular:
Indirect impact policies: encouragement of foreign investment in the locality may stimulate real estate.
Direct impact policies: Tax policies, policies for land grantees, policies for real estate investment activities. (Point2home)
- Nature and environment:
The situation of natural and unstable environment such as natural disasters, floods, pollution, ... the price of the house will also be affected.
Refer
After having fully "understood" your home, this is the time to consult the market price based on the information of the house you collected in step 1.
Find out information about asking prices via the internet and newspapers
Access to the internet, find your home area, see what is being advertised for sale if you see something similar to your home or land. The amount of news that is available for sale on the internet and newspapers every day is very big, you just need to spend less than 30 minutes to have all the information you need. Note to rearrange the information in order to reduce the similarity to your home and note the characteristics that you consider to be "money-consuming" for that house.
Find out through your home, land for sale in your area:
Play the role of a home buyer, survey the houses posted for sale in the area close to your home, ask the selling price, if you can see more than 3 units, it is very good.
Find out through the properties sold in your area:
If you don't know, ask the neighborhood, which houses are new to your area. (preferably the head of the neighborhood team). Visit those houses, if possible, three or more apartments are a reasonable choice. You will have the concept of the price of these houses.
Compare
Now is the time to review, compare all the information of homes sold and for sale, ignoring some homes with features that are too different from your home, (for example, too far, good It is too different from the time of sale, in a normal developed market, the information is still within 60 days
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Peter Hoang - Founder at RENTAPARTMENT agency
Email: peter@rentapartment.vn
Phone: 0903044551
