If you like to make research online, try jiji.ng to see a list of properties and lands and see a price range for what you are opting for or if you do not prefer online, you could ask neighbors.
How do I know if a landed property is overpriced
- Thread starter Erik4150
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There are many ways to know if a landed properties is overpriced, sometimes surveyors or land valuer hype land making it looks expensive whereas the environment is not developed enough
In the real estate industry here, the best research for the price of a property is to drop for a visit and inquire from the people in the neighborhood. That's what we usually do especially when we bought our home that was tagged 2 million pesos, the neighbors said that it is a good buy because the original selling price was 3 million pesos.
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That's why it is important to work with a surveyor you trust precisely one that was referred to you by someone close to you and you see that the surveyor meets the needs of the close person well.
I think it’s general for a land in a particular area so you just have to find out how much a land really worth in that area before buying. If the price is still within range you will know and if not you will know it’s overpriced
You will know if the landed property is over priced with the location of the property, if its located in a less developed area then its over prised
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I think the best step to take is to get a professional to give you his own view on the property, get the price rag on everything used in that property and akso the condition they are currently in.
It is an accurate answer, here in my country it is customary to look for an expert, he has the information issued by government agencies. They take the measurements, the years of construction, the state of the floor and roof, and according to the housing table compares the results and gives the fair price for the property.
It depends on a lot of things,the location is also one of the things that can make the price of a particular property to go high, if you are comfortable with the price then you should be ok to buy it but if you're not comfortable then you need to search elsewhere, that's how to know
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You can know if your land is overpriced by the location of the Land because the price of a land is being determined by the location of the Land, if a land is not in a good location and has high price then you know the land is overpriced.
I totally agree with you that the only way one can know if the price of his property is overpriced is when you compare and contrast the price of your property with the price a similar property in the same location.
You should check the price of that land with the price of the other properties or lands in that area. Then you should know if you are being cheated or not.
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As long as there are people who are landlords that are already living in that vicinity you can always make enquiries from them and knowing the property that was sold to you was overpriced.
You can know if a landed property is overpriced by the location of the property because the location of the property it matters a lot because it influence the price of the property
You can always meet a trusted expert, an experienced person in this field to guide you, there are requirements with respect to size, location and how they relate to price.
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You're bound to be cheated if you don't have first hand Information about whatever business you want to venture into,that's why you need to find out your self or hire a private investigator
Technically, you will know by consulting the people who lives in that environment, they always know the value of a land around them, you will have to meet likes three to four peopleif you are seeking for an information
The best way to go around this is ask around and know how much property is worth in that area. Even without asking around, the level of development in that area should give you the instinct of how much property should be worth in that area
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Just make findings first about the average worth of landed properties around the area your are planning to make a purchase. The consciousness of the worth of landed properties will lead you through
One of the best way for you to know if a real estate project is overpriced for you is by conducting your research from people who already invested in such projects and know how much they invested in it.
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