Real Estate Valuation Methods for Indian Market

In this course, you’ll learn a detailed perspective of the Real-estate Valuation method catered for the Indian Market.

The purpose of a Property Valuation for Buyers is to provide information on current property prices and market trends. A detailed house appraisal informs potential purchasers on the qualities, costs, and benefits of the property they want to purchase. The property buyer may wind up in a terrible transaction if he or she does not have an adequate understanding of the current rate, real estate trend, and cost-benefit analysis. Property valuation serves as a safeguard against deceptive methods and frauds that lead to buyers paying more for a home than it is worth. Furthermore, this procedure provides the buyer with precise information, facilitating the borrowing and mortgage processes.

Property valuation informs a buyer about the property’s true value and whether the seller’s/stated owner’s sale price is reasonable. In certain circumstances, property owners justify high rates by citing factors such as construction quality or additional facilities. Some apartment developers demand exorbitant supplementary fees or charge high per square foot pricing relative to the market rate in the area, then sell the flats for exorbitant prices. A buyer should get a Property Valuation done before finalizing the agreement to avoid paying a higher rate or falling victim to the builder’s frauds or malpractices.

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