Vietnams real estate market is also facing many challenges. In particular, the biggest problem in the real estate business process is the situation of "information asymmetry".
This is a situation where both buyers and sellers are reeling because the amount of information is too large and there are not many verification measures. The lack of understanding of market information, legal status as well as planning information causes many individuals and businesses to fall into a state of "wretched crying."
In particular, valuation is often a time-consuming and labor-intensive process for both the buyer and the seller, because depending on the time, purpose and location of the appraisal, the property value will have different values. . The final value is often only determined precisely by those who have expertise and long experience in the profession.
Worth mentioning, the issue of real estate transactions and sales on the market is still mainly based on the agreement of the two parties. The two sides sometimes just "agree to buy and sell", balance and self-assess assets, so many people have lost billions of dollars, which is not uncommon.
Ignoring the appraisal stage will push the buyer or seller to bear more losses and risks in the transaction because they do not understand the current regulations on VAT and fees when transferring real estate.
When customers have a need to buy, sell, transfer or compensate, they should conduct real estate appraisal. Experts also recommend not to buy or sell a house in a hurry because it is easy to incur costs and risks in the transaction.
The price appraisal stage will help the buyer to haggle, negotiate a discount or at least not be bought expensively and ensure that the seller does not suffer a loss. The advantage of conducting an appraisal helps buyers know a lot of legal information about the house, know the common transaction price range in the market as well as the real value of the property being traded. This makes it more convenient for customers to buy and sell real estate.
Valuation in real estate transactions plays a particularly important role as an independent third party to help buyers and sellers agree on the best transaction price and ensure fairness. , transparency, ensuring the interests of market participants.
The process of economic and market integration between Vietnam and the world is taking place more and more rapidly and deeply, promoting real estate to become a vibrant field attracting many domestic and international investors. With real estate prices fluctuating constantly, transparency and openness in real estate transactions have become increasingly necessary to ensure prices are close to market prices. This further confirms the role of valuation in general.
What is the solution to avoid price risks in real estate trading?
There are many reliable appraisal addresses that customers can knock on such as Hoang Quan Appraisal (HQA). With many years in the field of valuation with an abundant data warehouse, a team of highly qualified and professional appraisers, a fast and strict appraisal process, minimizing appraisal costs... With the goal of improving competitiveness, standardization, professionalism and quality in international integration valuation services, HQA launched the brand "Sunvalue".
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