How to Find Land Market Value |Steps of How to Find Land Market Value
If you are worried about How to Find Land Market Value then don’t panic about this topic. Because here we mentioned all the details about this topic. If you are interested in How to Find Land Market Value then follow the all given steps and find land market value.
Steps of How to Find Land Market Value:
However, you finally decides that to find the land market value. So here are some steps for How to Find Land Market Value.
One of the biggest problem for the every seller to find the market value of the land. Finding the land market is typical buy when your search about that you can find the market value but that take some time for searching. If you spent your amount of time trying to comps or relevant valuation data for a parcel of raw land.
This is especially for those people who are new to the land investing business.
How to Calculate True Market Value of the Property:
If you want to know about the true value of the market property price. Here are some steps for that you have to follow it;
- Division or Village
- Type of Property such as (Land, Residential, Office, Shop and Industrial Unit)
- C.S. (Cadastral Survey Number)
- C.T.S (Chain and Triangulation Survey Number)
- F.P (Final Plot Number)
- S.N. (Survey Number)
- GAT Number (Area Number) etc. of the property (Gat book plans of the relevant Survey/Number/ Hissa Numbers / Gat Numbers / Khasra Numbers)
In order to determine this number, an appraiser will look at the “market rent” in the area. In the other words what are the Similar properties currently renting for in the same market. The appraiser will took a number of similar properties (while considering their size, location, condition, amenities, etc. In order to get an idea for the amount of rent revenue the subject property could feasibly produce. This approach is looking at the property purely from a revenue generation standpoint.
The Problem With Land:
These type of problems are usually in the great work for conventional real estate projects (houses, apartments, commercial buildings, etc.) However these approaches simply are not feasible methods.
It is a frustrating dilemma for land investors, because it is extremely important for every property seller to understand a property market value. The drives of everything else in the process (our offer price, the cost of property taxes, holding costs, closing costs, etc.) If we can not be certain about a property market value. then we will have to live with some major risk.