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Market Value

J4R · 7 · 1674

J4R

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on: Nov 20, 2011, 11:57 PM
Hi,

I'm planning to buy a property, vacant lot. The seller gave me a photocopy ng Declaration of Real Property and I find out sa ilalim andun ang market value.

It goes like this:

Kind: Res
Area: 137
Unit Value: P1280
Market Value: P176,000

Ito bang Market Value necessary to know for the selling price range? Kasi ang offer sa akin ay x6 of the market value (Note: eventhough the document is 3 years ago).

If not how will I know if the seller gives me a fair selling price?

 :thankyou:


manilenio

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Reply #1 on: Nov 21, 2011, 03:26 PM
get the services of an appraiser


joconcepcion

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Reply #2 on: Nov 21, 2011, 03:41 PM
pUNTA KA sa BIR na nasasakupan ng lot na bibilin mo..

Tapos pa check mo sa ang appraised/at market value / zonal value ng property na bibilin mo.. libre lang yun, fill-up ka lang ng forms nila. :cool2:


bauer

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Reply #3 on: Nov 22, 2011, 10:47 PM
Hi,

I'm planning to buy a property, vacant lot. The seller gave me a photocopy ng Declaration of Real Property and I find out sa ilalim andun ang market value.

It goes like this:

Kind: Res
Area: 137
Unit Value: P1280
Market Value: P176,000

Ito bang Market Value necessary to know for the selling price range? Kasi ang offer sa akin ay x6 of the market value (Note: eventhough the document is 3 years ago).

If not how will I know if the seller gives me a fair selling price?

 :thankyou:

walang kwenta yang market value sa nakita mo.  pang tax assessment lang yan ng munisipyo o city


ferrariEverest

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Reply #4 on: Nov 23, 2011, 10:50 PM
pUNTA KA sa BIR na nasasakupan ng lot na bibilin mo..
Tapos pa check mo sa ang appraised/at market value / zonal value ng property na bibilin mo.. libre lang yun, fill-up ka lang ng forms nila. :cool2:
salamat Sir sa info.

ok kung libre.
pero updated/current market value/zonal value ba ang ibibigay nila? o pareho rin dun sa ZV list na nasa BIR website?


mark_ruiz2005

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Reply #5 on: Jan 14, 2012, 12:53 PM
Market value of the property is not actually based on the tax declaration nor in the BIR assessment. The actual Market value is based on the classification of the property and its actual use. When you want to check the market value, you need to know how much in the particular area/location of property is the average selling price and that can only be check through the real estate buy and sell magazines. 


naldcagape

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Reply #6 on: Jan 14, 2012, 11:58 PM
Hi,

I'm planning to buy a property, vacant lot. The seller gave me a photocopy ng Declaration of Real Property and I find out sa ilalim andun ang market value.

It goes like this:

Kind: Res
Area: 137
Unit Value: P1280
Market Value: P176,000

Ito bang Market Value necessary to know for the selling price range? Kasi ang offer sa akin ay x6 of the market value (Note: eventhough the document is 3 years ago).

If not how will I know if the seller gives me a fair selling price?

 :thankyou:
The fair selling price is what you and the seller agree on.

As a guide to your decision, you can check the other lots for sale in the same area if they are relatively the same price per square meter. Ask agents in the area for similar lots for sale. You can also hire an appraiser to do a valuation.


 


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