You can only detect this if you do window shopping among the real estate agency that are available in the city. You have to price a lot of real estate properties around to know the precise price for difference properties.
How do I know if a landed property is overpriced
- Thread starter Erik4150
- Start date
I think you need to consider that you need to see what other properties with land are going for in the area. As well, is the property and land in good shape? No damage?
Try not to pay more than it's worth, find out what the area usual rates are and you'll have a better answer.
Try not to pay more than it's worth, find out what the area usual rates are and you'll have a better answer.
It's easy if you get someone who's close to you and also trustworthy.
Another way is to do an evaluation of the prices of properties in that area. They will give you an idea of the average price.
Another way is to do an evaluation of the prices of properties in that area. They will give you an idea of the average price.
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The best way to avoid sucha situation is to to consult people. Moreover, you should also consult people who are in the business of estate. For example, you must consult estate agents who are honest and also take the advise of estate agents who are your family members and those people who you trust.
Whenever you are having plan to go into landed property business or to buy for a self use, you have to hire the hand of a consultant or land surveyor who are a specialist in that area to help you look into it and do the pricing for you cause they thus know the real amount of it.
Simply you can takes away from different areas which are neighboring from that society if the rate of your desired society and the neighborhood areas are almost the same then it is okay otherwise it is overpriced and you should not purchase it.
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Firstly, I will advice you to consult those in the field of landed properties or some real estate experts to assist you in this. Now, before this you yourself can as well check other price of the properties around that particular location to ascertain your own price.
yes i agree with you that its all about experience which will help you to understand which property you are going to buy will be more profitable or not and it is Overpriced or normal as other property
For you to know if a land property is over prized you havr to make some investigation by asking people around the cost of the Land and also make more observation before purchasing the land
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Well, from my experience, I don't think it's that going to be too hard for you to know the house or real estate was overpriced by simply asking questions around.
To know if a landed property is overpriced or not, you must check the size of the land and the location of the land. Location and neighborhood a land is located determines the price of the land. You can also ask around the price of land of such size and location.
Knowing if a landed property worth their price depends on the location of the land. If the land is sited in a good environment, there's not permanent price.
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To know if a landed property is overpriced, you first need to get a land valuer to value the land for you, check the surrounding to know if its in a rural or urban area, and lastly make a research on the land.
This is why it's very important for you to do your research when you are about to go into a landed property or real estate investment because if you don't have more information about it then they will definitely sell it at a higher price.
There are those that will like to ride on ones head because they don't know the actual value of a property, so they can be cheated. There are quality surveyors and also those from the real estate sector that can determine the amount of any property.
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Well, after making the payment without making all the necessary inquiries about the landed properties, you can easily look at land valuators to get the real worth of the lands.
check the average price in your area and always looks for the cons in that land, mention them and use them as an advantage for you to drop the price
Hmm.... you consider the environment if the urban area is around it, you can work up to your fellow neighbors in your land property area to ask the price of there land this will help you leverage the price of your land.....
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Well, if you are not asking the important questions about the property which you purchased, there is no way you would ever be able to know if it's sold at higher or lower price.
If you don't know much about a landed property, then you should hire the services of a professional and an expert before making a purchase.
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