COSTS SERVICE VALUATION OF REAL ESTATE

When deciding to invest in real estate, besides consulting prices from real estate agents; Customers need to choose independent valuation service providers to have objectivity, and avoid "mistakes" when buying or losing property to sellers.

Real estate appraisal activities or other fields are very important, going through many procedures and the appraiser is experienced. So how much is the appraisal service fee, is it subject to certain regulations or is it set by the appraisal units themselves?

1. REAL ESTATE VALUATION FEES 2023

A real estate appraisal fee is a service fee to hire a unit with full legal functions and technical expertise to perform the appraisal of a real estate product. The fee schedule for real estate appraisal is completely different from the value of real estate products announced after appraisal.

Typically, a property valuation fee will be calculated based on the total value of the property.

Nowadays, the demand for appraisal of real estate brokers or owners is increasing day by day. Usually, real estate in big city areas such as Hanoi, Ho Chi Minh City, Da Nang, etc. is always of high value. As a result, real estate valuation fees will also be very high.

Depending on the specific conditions, the appraisal cost will be adjusted accordingly.

2. LEGAL DOCUMENTS NEEDED TO PROVIDE WHAT IS A REAL ESTATE ASSESSMENT INCLUDED?

When it comes to real estate appraisal, depending on the types of assets mentioned above, the legal documents will be the legal documents accompanying each type of property. Specifically, the appraisal dossier includes:

Property is land (land use right)

• Certificates of land use rights;
• Decisions on land allocation, land lease/sublease;
• Extract from the detailed regional planning map (if any).
• Lease and sublease contracts;
• Registration tax return;
• Contract of transfer/gift/inheritance document; (if any)
• Details of the plan from the local competent authority or the urban planning office (copy) (if any).
• Other relevant papers;

Assets are houses and construction works attached to land

1. Certificate of property ownership;

2. Registration tax declaration;

3. As-built drawing or design drawing;

4. Dossier for settlement of works;

5. For work in progress, it is necessary to add:

• Construction permit;
• Contracts for consultancy, design, and construction of works;
• Construction technical design documents and total cost estimates;
• The minutes of inspection and acceptance of the phase;
• Documents and records of handling arising and changing during construction.

Property is an investment project

- Investment License;

– Planning drawing of 1/500 functional segment;

- Architectural planning certificate issued by a competent authority;

- An explanation of the investment project together with the basic design documents;

– Documents of commitment/agreement/memorandum or written permission for investment or decision approving investment project;

– Agreements on land allocation, minutes defining boundaries, and location of land plots;

– Documents on investment incentives, tax exemption/reduction;

– Transfer contract or capital contribution agreement of other investors;

– Agreements on investment loans of credit institutions;

- Certificate of guarantee of commercial bank (if any);

- Other relevant documents.

To know the exact value of the property, please provide pictures of the legal documents of the real estate to be appraised so that SunValue staff can quote the most accurate and reasonable service fee for customers.

3. LATEST REAL ESTATE VALUATION METHODS 2023

• Direct comparison method
• Income method
• Cost method
• Profit method
• Residual method
• Extraction method

To know the exact value of the real estate, you should look to the valuation units with experience and expertise to accurately assess the market and price, so they will make accurate and quick judgments. best.

One of the leading prestigious appraisal units in Vietnam is SunValue. With more than 20 years of establishment and development, SunValue is proud to become one of the leading real estate appraisal units in Vietnam, the leading brand in Vietnam 2023, the strong brand in Asia 2021, with a system of nearly 50 Branches, transaction offices across the country. As a reputable, independent valuation unit, pioneering the application of technology in valuation, helping to monitor real estate price fluctuations, and completing price data to support the development of Vietnams real estate market and International.

Contact SunValue now for questions and consultation!

SunValue – National brand that has actively contributed to the development of the appraisal industry in Vietnam.