FREQUENTLY PURPOSE WHEN REAL ESTATE VALUATION

1. REAL ESTATE CONCEPT AND REAL ESTATE ASSESSMENT.

* According to Article 174 of the Civil Code No. 33/2005/QH11 approved by the National Assembly of the Socialist Republic of Vietnam on June 14, 2005:

"1. Real estate is assets that include:
a) Land;
b) Houses, construction works attached to the land, including properties attached to such houses and constructions;
c) Other properties attached to the land;
d) Other properties prescribed by law…”

According to Article 4 of the Price Ordinance No. 40 stipulates: “Price appraisal is the assessment or re-evaluation of the value of an asset by the market at a certain place and time by Vietnamese standards or customary practices. international"
Thus, real estate appraisal is the estimated amount of the value of land use rights, ownership of houses, and structures attached to the land being traded on the market at the time of appraisal. price and for a well-defined purpose under the conditions of a given market with appropriate methods.

2. CURRENT REAL ESTATE VALUATION METHODS

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

3. PURPOSE OF REAL ESTATE ASSESSMENT

Common purposes when appraising real estate at SunValue:

- Real estate appraisal for financial and credit purposes: You appraise real estate to get a deed for borrowing or mortgage with a bank, divide assets, determine the value for real estate insurance contracts, etc

- Real estate appraisal to transfer ownership: Help you when buying and selling real estate to determine whether the selling price is acceptable or not, helping the buyer decide whether the purchase price is acceptable or not. Are not; establish the basis for the exchange of real estate with each other.

- Real estate appraisal to determine the rental amount under the contract: helping real estate owners set rent levels and develop rental terms that match the value of their property

- Real estate appraisal for investment: Help you compare and decide whether the right time to invest in real estate, which real estate to choose and when is the right time.

- Real estate appraisal in the enterprise: Helping the Enterprise to prepare annual financial statements, determine the market price of investment capital; enterprise value determination; purchase, sale, consolidation, and liquidation of the companys real estate; have the plan to handle real estate when reforming the enterprise.

- Real estate appraisal to meet legal requirements: determining compensation value when the State recovers houses, land, etc.
Calculating taxes when a property is sold or inherited; helping the court to decide on the division of real estate when adjudicating cases; helping to determine floor prices for public real estate bidding and auctions; determining the floor price to serve the sale of confiscated real estate, public funds ...

- Real estate appraisal to prove finance for visa application: Proof of finance through the book of real estate use rights for travel, study abroad, and settlement is what you prove to the embassy. their financial ability. It is the basis for determining that you are going abroad (traveling, studying abroad, settling down, working, visiting relatives, medical examination and treatment, etc.). This is the key factor, in deciding whether the Embassy/Consulate will grant you a visa or not.

With the above purposes, you need to evaluate real estate for what purpose?

Currently, the cost of real estate valuation will vary according to each customers purpose. To know the exact value of Real Estate, and the cost of Real Estate Valuation, you should look to the valuation units with a lot of experience and expertise to accurately assess the market, the price should be the most accurate and fastest judgment.

Contact SunValue now for a free consultation and answer your questions!

2. ASSESSMENT PROCESS AT SUNVALUE

Step 1: Sales department will receive information

Step 2: Analyze and research the legal information of the requested file.

Step 3: Survey appraiser investigates market information. Quoting the estimated preliminary value of the property (if requested by the customer)

Step 4: Perform valuation

Actual property survey: Size of the land plot, construction works on land, location of property located, length of the lane, business environment, living environment,... Refer to transaction realities of the surrounding area and further analyze the corporate data bank.
Consult information on the internet: Real estate websites, real estate buying and selling sites, social networking sites, real estate forums, real estate exchanges...

Expert consultation: The companys experts in the field of real estate appraisal will confer in-depth analysis of the market and properties to come up with methods for valuing properties.

Finally, prepare a valuation report according to Vietnamese law and a valuation basis according to Vietnams valuation standards.

Step 5: Control

Re-check all legal information, customer information, appraisal purposes, appraisal methods, appraised property information, and final appraisal value to deliver the appraisal report.

After agreeing on the price to issue the appraisal certificate, the control department will report back to the appraisal department about the status of the dossiers meeting the requirements or needing to be supplemented.

 Step 6: Submit to leadership

After the final value is controlled, the file is submitted to the Board of Directors for approval.
The sales department will report back the appraised value to the customer

Step 7: Issuing appraisal documents

The companys printing department will carry out procedures to print the certificate and appraisal report, scan the certificate of the appraisal report file and send it to the customer and deliver the original by courier or deliver to the customer. Perform document archiving.

Step 8: Complete the appraisal

With a fast implementation process, quality, free consulting services, appropriate appraisal costs, confidential information, along with a reliable source of price data, SunValue brings the best experience to Customers. 

SunValue is a reputable and independent appraiser, with more than 20 years of establishment and development, the leading real estate appraiser in Vietnam, the leading brand in Vietnam 2023, the strong brand in Asia 2020, pioneering the application of technology in valuation, helping to monitor real estate price fluctuations, completing price data, etc.

The system with 4 branches and more than 50 transaction offices nationwide, 2 representative offices in the US, and Australia, ... provides valuation services such as business valuation, real estate appraisal, and project valuation. investment projects, resource valuation, real estate appraisal, etc., for investment, loan, business merger & acquisition, equitization, debt settlement, study abroad...

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