4 mistakes that more than 70% of home buyers make

Mistakes when buying a house such as determined to find a house that meets 10/10 set criteria, whether it takes many years or the expectation of negotiating more last-minute discounts, many people lose their chance to settle.
1. Looking to buy a house with 10/10 criteria at all costs
Mr. Thanh spent 3 years looking to buy a house, during which time he stayed at home to rent. Although he was quite satisfied with a few houses, but because he was still not really satisfied, he decided to continue to find a perfect house with the most reasonable price for himself. Finally, the landlord he was renting suddenly announced he wanted to sell the house, so he gave him a month to find a new place to live. The new house cannot be bought in time, the rental house is also difficult to find, so he has to accept more transportation costs and rent another more expensive room to ensure family life. At that time, he regretted that the houses that he had previously overlooked were now skyrocketing in price. This is one of the most common home buying mistakes that many people make.

Real estate is an asset of great value, so the psychology of buyers is always choosing very carefully. However, when the market has many fluctuations, prices are constantly increasing, buyers should not hesitate to choose a house that is quite satisfied, located in a favorable area, without too much repair and price. acceptable.

2. Losing the opportunity to buy a house because of the mentality of “slow but sure”
Losing an opportunity while doing legal research is something many home buyers have come across. Is the mentality “slow but sure” right now?

nhiều tòa nhà cao tầng nằm ở mặt đường lớn có xe cộ đang di chuyển

Many tall buildings are located on a large road surface with traffic in motion
Many people have missed the opportunity to buy a house while studying legal. Illustration

Real estate buyers can not skip the legal checks such as checking information on certificates, checking online information, asking officials at the district urban management office, asking for a reply in writing. on planning certificate … To fully implement the above legal checks to ensure 100% peace of mind will take a lot of time. The solution to avoid mistakes when buying this house, not missing the opportunity but still ensuring a safe transaction, without having to encounter problems later, is that the buyer can conduct a quick inspection on the certificate and check. online. The next step is to make a deposit to the seller, with binding terms related to checking planning information, or to ask the seller to cooperate in applying for a planning certificate. If the result is not the same as the agreement, the seller has to return the deposit, and if no problem arises, the transaction will continue.

3. Do not view up to 10 houses
Thinking that up to 10 homes will take time and are not absolutely necessary is also a common mistake of many home buyers. One of the rules when buying a home is the rule of connection. Homebuyers should go see a minimum of 10 homes to choose from and make a decision. The more effort it takes to learn and review, the more data buyers have to compare and evaluate which house is suitable and whether the price is too different from the market. At that time, your chances of buying a good house will be even more.

The frequency of home visits by buyers to stay should also be higher than for home buyers because housing is a stable and long-term place to live.

4. Expect to negotiate last minute discounts
After carefully checking the legal of the house and agreeing on the price, the two sides went to the step of signing a sale contract. At this step, many buyers expect to be able to continue negotiating for a further discount because they think that the seller will “go into the water” to cut a further amount because they do not want to waste time and effort on selling again. However, this possibility is not easy to happen. In fact, this is a mistake when it comes to buying a home, making the transaction impossible because disagreement occurs at “89th minute”.

When buying a house, after surveying and carefully looking at the construction quality, legality, feng shui … if you find that the repair work costs a lot and has many unsatisfied points, the buyer can negotiate a discount immediately. transaction with the seller to make the transaction more convenient and quicker in the following steps.…

4 ways to identify an ineligible land project

The real estate market is in a quiet period due to epidemics, many investors are ready to cash in waiting for the opportunity to hunt for cheap land. However, customers can lose nothing if they are in a hurry and are eager for profits but “pour money” into “ghost” projects. To minimize this risk, buyers need to identify the following 4 signs of an ineligible project:
1. Inadequate project legal documents

A land plot project with a complete legal document cannot lack one of the following important documents:

– Certificate of business registration of the investor: Review the business license of the investor, note information about the business field, construction function and investment of real estate projects of the enterprise. there.

– A document showing the project’s ground land area assigned by a competent state agency.

– Detailed planning 1/500 (for projects larger than 5ha) or detailed planning of the ground 1/500 (for projects with size less than 5ha). These plans must be approved by the competent authority. The 1/500 detailed planning must show construction criteria such as population, land use, technical infrastructure, social infrastructure, spatial organization, architecture, infrastructure works, architecture. detailed design / structure of each land lot, environmental assessment. Through the 1/500 detailed planning, the investor can visualize the overall project plan, locate the works, the basic design as well as the relationship between the planned works. with external elements of the plan such as: entrance gates, paths, fences …

– A competent agency’s letter of approval for the investment policy (if the project has a total investment in infrastructure of more than 15 billion). Accordingly, the Department of Construction will evaluate the following factors: investor capacity, land fund origin, land planning, consultation with relevant departments (technical infrastructure such as traffic, electricity, water supply and drainage …), then submit to the Provincial People’s Committee for approval of the investment policy.

– Construction permits granted by competent State agencies to investors for new construction, repair, renovation and relocation of works. The main content of the permit is the information such as: Name and address of the investor, name of the project under the project, project location, red line boundary, construction boundary …

2. The investor has not completed the construction of the infrastructure

một khu đất trống phân thành nhiều lô

a vacant lot divided into lots
Checking if the investor has completed the construction of project infrastructure is also a way for the buyer to legal assessment of that land. Artwork: Internet
According to Clause 2, Article 41 of Decree 43/2014 / ND-CP, one of the conditions for the project investor to transfer the land use right in the form of subdivision, sale of land is to complete the construction investment. infrastructure construction.

Specifically, “infrastructure including service works, technical infrastructure works, social infrastructure works according to the approved detailed construction planning 1/500; ensure the connection with the common infrastructure system of the area before transferring land use rights to the people to build houses by themselves; ensuring the provision of essential services including electricity supply, water supply, water drainage, waste collection ”.

Therefore, the buyer needs to check the project owner’s investment in the construction of infrastructure before signing the contract, to avoid the risk of encountering the investor bypassing the law, land for sale first, infrastructure built later.

3. The investor has not yet fulfilled financial obligations related to the project

Buyers need to find out by themselves or request the investor to provide documents proving the fulfillment of financial obligations related to the land plot project such as: land use fees, land rent, taxes related fees. land (if any)… If the investor has not fully paid these amounts, the project is ineligible for transfer. More importantly, the tax fee debt also shows the investor’s lack of financial capacity, inexperience and business reputation, so buyers should avoid putting their trust and “pouring money” into that project. .

4. The land is in dispute

According to the current regulations in the 2013 Land Law, when wishing to transfer land use rights, users need to prove that the land is not in dispute. Therefore, this is also an important criterion that buyers should consider when investing in the land, specifically to check whether the land of the project is having any problems with planning, disputes or not. Investors can check whether the land lot is in dispute by verifying the information at a competent authority, using online planning information lookup software or soliciting information from a broker. , local people.…

Real Estate Legal: 4 fastest and most effective ways to check performance

Real estate legislation is one of the most important factors determining whether customers can buy a home with confidence in a real estate project. In case of inexperienced and not knowledgeable about the law, buyers can refer to the following 4 quick and effective methods of real estate legal check:
1. Real estate legal check through passport of real estate project

Two types of passports that customers need to check before cashing in to projects are: A written notification of eligibility for sale (issued by the Department of Construction) and a bank guarantee certificate.

A written notice of eligibility for sale is meant to confirm the completion of the foundation as well as relevant legal issues. This is the legal time (specified in the law) that the project investor is allowed to raise capital from customers.

The guarantee certificate is one of the important conditions specified in the State Bank’s circular in order to protect the interests of customers who buy apartments and properties to be formed in the future. Accordingly, investors of a real estate project, before selling or leasing future houses, must be guaranteed by a qualified commercial bank. The Bank will be responsible for refunding the advance and other amounts to customers under the signed sale and purchase contract and guarantee contract if there are 2 conditions:

– The investor does not hand over the house according to the committed schedule

– The lessee or buyer requests the bank to fulfill its guarantee obligations

In case investors fail to comply with their commitments, customers have the right to request the Bank to fulfill their guarantee obligations.

một cái bút, một tờ giấy và biểu tượng chiếc búa của ngành luật đặt trên bàn

a pen, a piece of paper and a law hammer symbol on the table
Customers need to check the passport of the real estate project before
decide to buy or invest. Illustration

2. Borrowing a bank’s hand to check real estate legal
In order to avoid projects with potentially risky risks, to avoid worries about bad debts, banks will review real estate legal as soon as they receive loan proposals from customers. Therefore, according to many real estate experts, one of the easiest ways to legal check real estate is that buyers should actively borrow money from the bank to buy a house. The bank’s legal operations are very strict, so it will protect the interests of buyers.

In case of refusal to borrow money, the basic reason is that the project’s legal status is not good. Thus, the bank not only plays the role of a credit provider, but also serves as an effective supporter to partly ensure the legal status for investors and buyers to protect their own interests.

2 người đang trao đổi với nhau, trên tay họ cầm nhiều giấy tờ

2 people are talking to each other, holding papers in their hands
Buyers can go through the bank to check the project’s legal status. Illustration

3. Actual survey and paper comparison
Customers can detect unusual real estate legal issues by comparing the actual image of the project with the information on the records provided by the investor.

For an apartment building project, customers should pay attention to check that the project is eligible for the investor to sign a capital mobilization contract, investment cooperation contract or is eligible to sign. house purchase and sale to form in the future or not. As for individual housing projects, before buying, customers need to carefully review the following documents:

Certificate of land use rights (red book) or Certificate of land use rights, ownership of houses and assets attached to land (pink book)
Notice and receipt of tax payment, drawing of the current state of the house
Identity card, household registration book of the seller to see if they are the owner or not, avoid transactions with unauthorized subjects.

hai người đàn ông trẻ đứng xem bản đồ giữa một khu đất rộng lớn
two young men look at a map in the middle of a large estate
Buyers need project practice to survey and verify information. Illustration

4. Find out project information through the authorities
In order to limit the illegal capital mobilization, the sale of “young rice”, the sale of ghost projects and fraud in the booming real estate sector, some localities have allowed people to legal check the house. land right on the online application. In Ho Chi Minh City, the City Department of Construction has recently launched an application that allows customers to look up basic legal information on real estate projects such as: Project progress, actual image, name of investor , address of investor, investment scale, project area information …

In addition, this application also allows to look up planning, reflect comments, solicit reviews, look up documents, administrative procedures, look up practice certificates, construction permits, manuals. … This will assist customers a lot in understanding real estate law before deciding to “down money”.…

Life “blooms” when leaving cramped townhouses to move to the fringes

Determined to have a house in the center of Hanoi, but in the end we moved to the fringes to live. Translating Covid-19 further helps us realize that it doesn’t matter where there is a house, the most important thing is how we live in it.
That is Hoang Nhat Vuong’s confession when telling Batdongsan.com.vn the story of leaving a townhouse about his family’s outskirts:

My hometown is in a poor suburban district of Hanoi. My father is a teacher, my mother betrays pork at the market, this is also the main livelihood of the family because his father’s salary is three or three dong. My grandparents, accumulated their whole life, just hope I have a job and stable accommodation in Hanoi.

About 6 years before I got married, my parents both gave me 1 billion VND in the hope that we could buy a small house near the center. The amount of money given by parents is large, but it is not enough to buy a house because we have just started to work and have not accumulated. However, we still decided to borrow 300 million from relatives, set up a red book to borrow 500 million from the bank to buy a house of 1,850 billion. This house has 3 floors, built on 30m2 land near Xuan Thuy, Cau Giay. We use the wedding money to buy furniture, paint and repair the house. The house is located in a small, deep alley but we are still extremely happy to be the owner of our own home, no need to worry about staying here and there. My parents were also delighted when their children had a house on the street.

With the idea of ​​having a house, we just work hard and pay off our debts, but life is not like a dream. In the following years, we lived in a shortage before and after, a hard life and heavy pressure of debt. My wife works as a nurse in a public hospital, comes home late, is on duty late at night, and the salary is low. I work as a construction engineer constantly, so life becomes more chaotic when I have children.

Road congestion is the biggest horror for me living near the center of Hanoi. Illustration

We have to ask our mother to take care of the grandchild, but the house is small, cramped, and very inconvenient. In front of the house is a small alley, going round and round until Xuan Thuy street, but always clogged, the high road is awkwardly built, the restaurant is noisy from morning to night … making life more and more stuffy. My mother has joint pain so going up and down stairs every day is also a pain for her. I cramped my guts as I watched my mother wilt but still tried to stay and take care of her. When my wife gave birth to the second child, my mother could not help me because my father was often sick. His wife had to quit her job at home to take care of her children, sometimes selling small items online to make money for milk diapers. My family’s expenses and large debt are all based on my salary.

After 5 years living in a cramped street house, I find life is not any brighter. The bank debt is still 100 million, the debt of relatives is still there, we are like people living in a small house. In 2019, I thought about going back to my hometown to start over, thinking that I would have to persuade my wife, but I did not expect her to agree because she was too tired of the current life.

We discussed the work in the country and sold the house. After 2 months someone agreed to buy the house for 2.7 billion dong. During that time, I was able to finish the work arrangements. I also asked my parents to find a spacious land, near my grandparents’ house, to build a house and garden. My hometown is about 50km from Hanoi, so the land price is no longer cheap. The land I bought is 500m2 wide, including 100m2 of residential land, priced at 1.3 billion VND. Paying off the debt, minus the money to buy the land with the balance of nearly 1 billion, I built a grade 4 house with the cost of VND 500 million, the rest was to renovate the garden, dig a pond … parents house.

Fresh fruits and vegetables in the garden are always ready for meals

Peaceful scene in front of my house

Back home, I worked as a contractor by myself, hired a team of workers to build houses for people in the district. In urgent work I will stay to look after and urge the brothers and sisters. When I have free time, I will stay at home to help my wife and mother in the garden. We grow vegetables and sell them to a number of clean vegetable stores outside of Hanoi. The children go to public schools in the commune, so they can ask their grandparents to pick them up, don’t have to worry about traffic jams, traffic jams … Out of debt, almost self-sufficient life, even though starting a business, the income is not much but we felt very comfortable, not stuffy like living in the street.

This year, Covid translation made many people unemployed, many families had to return to their hometowns to live in … we feel very lucky that we have moved back to their hometown. I think if the income is not high, the job is uncertain … do not try to stay in the city, buy a house in the outskirts or come back to settle in a much more comfortable business.…

Grand Marina Saigon – Heritage class

Owning apartments at Grand Marina Saigon project is the desire of many customers. Because this is one of the highly regarded real estate projects as a heritage class that can exceed any time limit. Living space is focused, meticulously cared by the investor, maximizing the harmony between man and nature. First of all, it is the integration of a green park system and a riverside jogging track to bring a very cool living space. Beautiful view, fully enjoy the splendor of the city with Bach Dang pier.

It is these special things that help Branded Residences to become a classy and civilized residential community and Grand Marina also fully satisfies these factors. Therefore, with investors owning the Grand Marina Saigon project will help increase the value, increase brand reputation, high profit potential. For individual customers, owning an apartment here helps increase personal prestige, affirming the life value of global elites.

Grand Marina brings positive living values ​​while ensuring the harmony between people and nature. At the same time, to raise the quality of international services, creating the most perfect moments and living experiences for all residents.

Website: https://marinagrandsaigon.com/

Getting rich through buying land, the situation was also miserable because of the land

Rich in the land, the family lost money because of the land; The rich gather the land, the poor also try to save, borrow more to own a house, land for themselves … Question “How many years have I worked to buy a house?” Inadvertently seemingly became pressure, many cases have also appeared from here.
Rich quickly thanks to the land
The fact that you suddenly change your life and get rich overnight in land fevers is a reality that is seen, typically in the land fever in 2019. For example, Mr. Le Duan (45 years old, Thanh Tri, Ha Noi) is commented by many as having a “red number” when successfully surfing dozens of lots of land, earning tens of billions of dong. When the market somewhere had good news about infrastructure, planning …, Mr. Duan did not hesitate but immediately looked for a nice land to buy. The assets that he currently has include 3 houses for rent in Hanoi, 4 plots of land scattered in the districts and districts are all bought with profits from surfing.

Mr. Duan said that before 2019, the average time of land fever is 1-3 months, possibly up to 1 year, but after 2019, the fever is only counted by day.

Also getting rich thanks to the land but not through surfing, Mr. Thang (Ho Chi Minh City) recalls, at the end of 2014, when many people still wanted to buy Saigon land, he spent 1 billion dong to buy 4,000 square meters of agricultural land. in Nhon Trach district, Dong Nai province. By early 2020, when many infrastructure projects in Dong Nai have been and are planned to be deployed such as Ben Luc – Long Thanh Expressway, Long Thanh Airport, Bien Hoa – Vung Tau Expressway, Cat Lai Bridge .. ., land prices here increased rapidly. The price of a field land of 1,000 square meters is also between 800 million and 1 billion dong. After 6 years, Mr. Thang has nearly 4 times more profit.

nhiều tòa nhà cao tầng trong thành phố

Many tall buildings in the city
Thanks to real estate investment, many people get rich overnight, but there are also many people who have lost their fortune. Illustration

Giving advice to real estate investors, Mr. Tran Khanh Quang, General Director of Viet An Hoa Company, said that real estate follows a rule, 10 years increased 3 times. Therefore, investors investing in real estate need to define as a long-term and methodical investment, not according to the movement. Particularly in 2020 and 2021, surfing opportunities are said to be no longer available, even for short-term investment, if investors want to participate, they need to consider.

Money lost, disabled also because of the land
In addition to the people who soon became giants through real estate trading like Mr. Duan, Mr. Thang also had many people who lost their homes and lost their land due to land. Only a few ghost projects were exposed by the authorities, the number of victims who lost money reached thousands.

As a victim of Alibaba, Mr. Le Van V. recounted that after they got married, they were bought by their parents for a small house. In mid-2018, when his friend was introduced to the Alibaba project, Mr. V. researched on the internet, then attended the lectures of this company. At home, Mr. V. discussed with his wife to bring home the red book to mortgage to take the money to invest. After 3 months, the Alibaba side committed to Mr. V. that he would pay the profit commitment once, so Mr. V. invested in another land. After that, before receiving the second profit, the company was exposed to fraud. Mr. V. has contributed 1.2 billion VND to this company. As a worker, the life was not too abundant, but had to carry more bank debts, causing the couple to fall into misery, having to ask relatives and relatives for help.

Similarly, Ms. Nguyen Thi Ngoc Phuong also lost nearly 1.3 billion VND when buying a land lot larger than 50m2 of a ghost project in Tan Tao ward of Angel Lina Company. After paying the money and discovering that the land she bought was a regulated lake and not issued a book, Ms. Phuong went to the company’s headquarters to get money back when a group of tattooed people threatened.

Besides people who have a lot of money to gather and buy and invest in real estate, it is not a strange thing for people who do not have much money to try to borrow money to buy real estate. One of the reasons is also because the Vietnamese have the concept that there must be an inch of soil, only people give birth, but the land does not generate itself. The rich increase the amount of real estate they own for the purpose of making a profit, so that money can make money. Meanwhile, lower income people are trying to buy houses and real estate to settle down or hope to change their lives. This concept, the question “How many years have you been able to buy a house?” Inadvertently seemingly became pressure, many cases have also appeared from here.

Not only for residential buyers, with investors, especially new investors entering the market with the thought that buying land will never lose money, real estate expert Dinh The Hien once advised that investors lack of expertise, lack of money, so I accept that I am a fool, and listen to lots of information from many sides. Some “tips” that buyers need to equip to avoid “lost money” such as: careful legal research of the project, checking a bank mortgage, choosing a reputable investor, surveying the actual project Do not take too much advertising, carefully check the transaction contract, negotiate unfavorable terms ……

Average income, choose an apartment, private house or old apartment?

Average income, home buyers may consider going further to buy a private house, a new apartment or an old apartment in the center is also an option.
When buying a house, for those with middle-income, low-income, the choice is significantly narrowed, be it a private house / apartment located far from the center or an old dormitory. Each type will have its own advantages and disadvantages, home buyers will make a decision based on their needs, priorities and financial capacity.

Average income, if you want to buy a real estate, the opportunity to buy is almost impossible if you do not accept to go far or do not want to stay in a small alley. This type is therefore not the choice of the majority of people in big cities like Hanoi and Ho Chi Minh City. Even in Ha Dong (Hanoi) – where a private house is most searched according to the market report in 2020, a survey shows that a 4-storey house with 32.5 square meters in Yen Nghia is for sale. 2.05 billion. A similar house in Yet Kieu is also for sale for up to 65 million VND / m2 … With a range of more than 1 billion VND, buyers can choose smaller houses or go further. For example, a 2-storey house 14m2 wide in Van Quan, 3-storey house 33m2 wide in Duong Noi for sale for approximately 1 billion.

The price is not as expensive as the house on the ground, comfortable life on a floor, with many amenities attached, apartments are the choice of the majority of people today. Due to the increasingly scarce supply, both new and old apartment prices are being pushed up. The market report in 2020 of Batdongsan.com.vn indicates that the average selling price of mid-end apartments in Hanoi in 2020 is 33 million / m2, while in Ho Chi Minh City it is 44 million / m2. The average price of affordable apartments in Hanoi is 25 million / m2, in Ho Chi Minh City is 32 million / m2. It is forecasted that condominium prices will increase, so similar to private houses, new condominium buyers who want soft prices will have to accept to go far.

khu nhà tập thể

dormitory area
Home buyers can choose from a new ground house, a new apartment building or an old dormitory … Artwork

Mini apartment
Fully functional as a normal apartment, near the center, cheap price, a 30-50m2 apartment cost only about 500-800 million. However, it is worrisome and has been warned by the authorities many times about the legality of this type of housing. Four common risks that mini condominium buyers are susceptible to are: No ownership certificate, difficult to resell, unsecured fire safety and difficult to repair. A series of illegal mini apartments have been handled and enforced. Strong moves from the authorities in recent years have made buyers more afraid.

Old dormitory
In addition to the above types of homes, another homebuyer option is second-hand dormitories. These apartments were built many years ago, are legally safer than mini apartments, cheaper than new apartments and near the center, convenient to travel.



– Cheaper, less volatile according to the market

– Service fee is low or not available

– Low construction density

– Near the center, convenient traffic


– The house is old, the path is small, humid because it was built long ago

– Often lack of parking space

Fire safety is not guaranteed

According to the survey on Batdongsan.com.vn, there are many old dormitory apartments for sale in the price range of around 1 billion VND in Hanoi. For example, a 55m2 dormitory with red book, 1 bedroom in the alley of Kham Thien street was offered for sale for 1.25 billion dong; apartment in Vinh Ho dormitory, district Dong Da area of ​​40m2, 1 bedroom, price for sale 1.1 billion; Thanh Xuan Nam apartment with area of ​​70m2 including 3 bedrooms is priced at 1.34 billion VND …

If utility is a priority, homebuyers can choose an apartment. The option could be private house if the buyer accepts to go far and wants to have both a house and land. Or the old apartment plan is also an option buyers should consider if they want to stay near the center. Mini apartments are cheaper than the rest, but there are many legal risks. The final choice will be made by the buyer “whether to buy fish sauce” and depends on the order of priority and criteria when choosing to buy a house.

“I have no desire, compared to other people’s lives, know what I prioritize and how much money I have, so I choose to buy an old dormitory for 1.2 billion VND in Dong Da district from the beginning of 2019. There will be things that I do not really like, regardless of the type of housing chosen, but it does not affect too much so my family can accept it, ”said Mr. Dung (a home buyer in Hanoi). The advice of experts is not to buy out of reach. rights with the residence you have purchased.…

Real Estate: A measure of one’s lifetime achievement?

The more rich people gather land, buy houses, the more they prove their wealth; The poor are also trying to borrow to have their own house… Real estate seems to be a destination, a measure of a lifetime’s achievement.
Everyone wants to own a house of their own, decorate it by themselves to build a true home. Having a dream to have the motivation to try, but this dream accidentally has become a burden for many people. Having a house or staying in a house, buying a house or apartment seems to have become a measure that many people use to evaluate the achievements, proficiency and wealth of others.

The whole family of 3 generations lives in a house built from ancient times. At night, his whole life will be hard to get better, not to mention his life, so Tung chose to go to Japan for 3 years of labor export. He ran out of capital and asked to borrow all of his relatives, friends, and Mr. Tung and his wife also managed to turn 200 million as the cost for him to go when he got the order. The couple decided to go to earn a sum of money to build a new house, get capital to do business and make a small amount of savings to prevent later getting sick and sick.

bên ngoài ngôi nhà 2 tầng chưa sơn màu

The capital Mr. Tung earned from labor export spends a large part in his big house in his hometown, but he does not live all. Artwork: Internet

His wife stays at home as a garment worker. During the crop season, he hires a transplanter to harvest 5 sao of rice. After going to Japan to work for 1 and a half years, his parents and wife stayed home and talked about building a house so that when he came back he would have a new decent house. Initially, Tung decided that when he returned to his country, he would choose money to build a house that was just enough, not too big but still cozy. However, in the countryside, the size of the house is still a matter for people looking at and discussing. “People say that I could not build a big house for a few years abroad, my life will live. In the future, my children and grandchildren will gather, but will not go away,” said Tung. Working in thoughtful work with his parents that he does not need a house that is too big or too unsuccessful, Tung agreed to build a 3-story, 1-tum house and told himself to work harder. “Everyone at home does not know how hard to work there, how tired the hours, activities, weather all change. They just think that going to work abroad, sometimes earning a billion dong, building a house is a chore, ”said Mr. Tung.

By the day he returned home, the old tiled old house was no longer there, replaced by a 3-storey house with a floor surface of more than 70 square meters, the interior and exterior walls were still rough with cement coating. Inside the large house are still objects and furniture that are still in use since the olden days, only the television is new. Not all tired of visiting, giving gifts to relatives, villages, paying off debts, he and his wife had to start cleaning and completing the house. Subtracting the amount of money that Tung sent home from the day in Japan, the amount of money he brought back to his home country, if completed and furnished, would not be too abundant to both get capital for business and as a provision. Because the actual cost of building the team is 1.5 times higher than expected. The house is anchored, so cleaning the unused rooms is also tiring enough. “The pride of having a big house will quickly pass but the suffering will hang on. My whole life tightened my belts, spent money to build a house and lived hard to pay off the debt, had to be tired of cleaning all day, in the end, it was just outside the cold field, ”said Mr. Tung.

Also trying to build a big house but do not have the money to export labor to undercut, and her husband Hanh (Hung Yen) only borrowed 800 million to build a house with a total of 1.5 billion VND. There was a spacious house at the 3-way intersection of the village, poppy selling miscellaneous items, stationery to have copper in the field. On the first day, Hanh Tinh and her husband tried to build a house so that they could have a stable place to do business, but the expenses increased, they struggled to pay off their debts, they did not have much capital to import goods for sale. Since the construction of the house is completed, selling profit is not worth it, the brothers and sisters are more and more tired of having enough money to pay monthly. “If building a house just right, perhaps life would be different. There was a big house at the 3-way intersection, outsiders also said that my house was rich, so it was successful, but in fact, not everyone understands behind it ”, shared Ms. Hanh.

nhiều công trình, nhà ở xen lẫn cây cối, hồ nước nhìn từ trên cao

Many buildings, houses are mixed with trees, lakes, and water from above
Real estate is considered by many to be a measure of the achievement of a lifetime. Illustration

Not only the “poor”, the real estate as a measure of achievement is more evident in the giants. When it comes to the giants or famous people like Pham Nhat Vuong, Nguyen Thi Phuong Thao … to measure the wealth, people often list the huge real estate they own … Not only a lot of money, many houses but also big and beautiful ones …

“Vietnam has many people becoming giants by owning golden lands, diamond lands. They are rich at super speed thanks to the land ”, Professor Dang Hung Vo, former Deputy Minister of Natural Resources and Environment, once frankly shared.

Talking about the story of buying houses of Vietnamese people, Mr. Tran Khanh Quang, General Director of Viet An Hoa Company, said: “At the age of 30, Vietnamese people begin to work hard to buy their first house. At the age of 35 or older, they own more, usually holding 2 real estate At the threshold of 40, the rich and emerging people like to own 3 or more properties, turning 50 when the free cash flow is large, taste owning 4-5 different types of real estate is quite common.

Also according to this expert, at different ages, the types of assets Vietnamese people hold are not the same. The diversity of this asset list is proportional to the seniority and the magnitude of the cash flows. For example, 30-year-olds buy houses mainly for living, 40-year-olds tend to real estate that generates cash flow, 50-year-olds want to own a land fund, even multi-functional real estate than young people.…

Thanks to the recklessness, I both have land in the countryside and an apartment in Hanoi

Seven years ago, thanks to his wisdom and risk of not selling a 150 square meter land plot in his hometown to buy a house in Hanoi, up to now, Mr. Hoang has just owned a Hanoi apartment, and has kept a piece of land as “savings” in his hometown.
Mr. Nguyen Anh Hoang (from Nam Dinh) told the story of trying not to sell land in his hometown to accumulate money to buy an apartment in Hanoi:

After having their first son in 2014, my husband and I started to plan to stay in Hanoi. We are from the same hometown, our hometown is only 5km apart, but since our second year of university we started to fall in love and get married after graduating from college. After I got married, my parents gave me a 150m2 plot of land next to National Highway 21, but this area does not have many houses, only rice fields. Both husband and wife plan to stay in Hanoi for a few more years, they will completely move back to their hometown, build a house on this land and find a job. When they have grandchildren, the grandparents on both sides will be able to help.

The income of both at that time was about 20 million / month. I’m a construction engineer and my wife works in a travel agency. After graduating from school to work for a few years, everything was on track, it was quite stable, so the couple wondered, forever decided whether to go home or not. Because it is difficult to find jobs in the right industry for the two of them in the countryside around my home area, there are also many Chinese garment companies.

đường đi lớn, hai bên có nhiều cây cối

The road is big, the two sides have many trees
Listening to many people, Mr. Hoang kept the land in his hometown, trying to manage to borrow to buy an apartment in Hanoi. Illustration

Also right from the decision to stay in Hanoi, the couple started to learn to buy a house. That day was only about 2 years working, so I could not spend a lot of money, only about 100 million. While the 3-storey house we looked at in Hoang Mai district was offered by the landlord for 1.7 billion. Asked the opinion of many people, who advised us that if we decided to live in Hanoi, we should sell the land in the countryside and buy a house or apartment in the central area for convenience, then focus on career development. , later I bought my own house in Hanoi later. Another said that a piece of land 1 billion VND in the countryside is worth several times more than the apartment of 1.5 billion VND in Hanoi, especially when my countryside land is expected to be more and more valuable because later This will add more industrial parks in the region.

Although initially thinking of selling land and buying a private house, after listening to the advice of many people and with the amount of only 100 million in hand, the couple risked to buy a 2-bedroom 60-square-meter apartment in Hoang District. Mai costs 1.5 billion.

That day many people advised against selling land and promised to lend a loan, so after asking everywhere, we had to borrow from the bank an additional 800 million. When deciding to borrow, the couple is very worried because they have never borrowed a large debt of nearly a billion dong. But luck and effort, after that, the total income of the couple also increased significantly, the highest month was approximately 40 million VND. Calculated, the monthly debt payment, if you borrow 10 years, is about under 15 million dong. Loans from relatives, we try to pay each time there are bonuses and additional accumulations. Until now, we have nearly paid off all debts. While the land in the countryside is still preserved and now someone has paid the price of one and a half times the day I intend to sell.

No longer is the story of leaving his hometown to the street or embracing land in his hometown to wait for the price increase and then buy a house in Hanoi, the story of Mr. Hoang’s family with reasonable calculation and efforts to accumulate has helped him to have an apartment in Ha. Noi just has a piece of land that is increasing in price in the countryside. “I am not sure that my approach will be successful for everyone because it depends on many factors such as income, the purpose of buying for living or investment, the location of the land or the apartment I intend to buy … But to me, the advice of everyone around and those who have had experience is very valuable. The most important thing is his ability to repay debt and his will to try ”, Mr. Hoang shared.…

Home sale to pay debt because of wrong calculation of financial plan

Bank interest rates fell sharply, real estate prices in some areas increased rapidly, urging many people to use financial leverage to invest in real estate. However, buyers need to consider this plan because many investors are under pressure of bank debt, even suffering from selling losses due to the decline in cash flow due to epidemic diseases.
With an income of “squeezing pictures” from a crowded noodle shop on Hanoi’s old town, in early 2019, the Vietnamese couple decided to invest a 1.7 billion dong land in the outskirts. With a capital of more than 1 billion dong, realizing that the bank interest rates in the past few years are quite stable, they boldly borrowed from the bank of 600 million. Mr. Viet calculates that it takes only 3-4 years for him to pay off the debt. Each month, he pays the bank VND 12-15 million quite gently, and has a beautiful land that can increase the price very well later. However, he did not expect Covid-19 to strike. During the past few months, the shop was closed, and he and his wife were extremely pressured to pay the rent of the premises and pay the bank debt of 40 million each month. “I try to stick around because the shop has become famous, if I leave later, it is difficult to find a better place, but before now the main income of the family depends on the restaurant, so we struggle to repay the debt.”

By the second half of 2020, although the epidemic was well controlled, Mr. Viet’s noodle shop has been back online, but revenue has not recovered due to the absence of tourists, and people have also tightened their spending. The accumulated amount has been exhausted, while the shop’s revenue is not enough to cover rent and bank interest, so in October 2020, Mr. Viet decided to sell the land to pay debt. Although the land is beautiful and the legal is good, it took nearly 2 months before he could sell it at the same price as when he bought it. “I have a heavy loss because I have to pay bank interest for nearly a year but the accumulated money will not increase, if I raise the land price higher to compensate for the loss, it will be difficult to sell out quickly.”

Nhà đầu tư bất động sản đi xem đất

Real estate investors go to see the land
The real estate market is no longer suitable for investors who use financial leverage to “surf”. Illustration

Thinking that the epidemic in Vietnam was well controlled, the salary income was quite stable, before the news that Thu Duc went to the city of Mr. Tan decided to borrow another 400 million bank to invest in an apartment with an apartment. calculation will surf quickly after a few months. However, things were not as easy as he thought when he reached the end of the year, his apartment still could not be sold because of the high price. Meanwhile, after a period of staying, the electronics and refrigeration company where he worked began to cut staff salaries, narrowing the market due to declining revenue. The couple’s Tet bonuses are also expected to disappear, calculating a deficit of hundreds of million over the previous years. Very hard, Mr. Tan and his wife sold the apartment at the buying price to be able to transfer quickly, because if he was worried that he would not be able to compensate for bank loans, he could not rotate the payment according to progress. when life struggles because the main income falls.

The story of real estate investment when the bank interest rate dropped to the lowest of 15 years became “hot” in the context of gold prices fluctuating continuously and many profit-taking investors began to withdraw from the stock market. Meanwhile, real estate prices have not changed, even increased sharply in places with major infrastructure changes such as Thu Duc (Ho Chi Minh City), Thuy Nguyen (Hai Phong) … Many people. impatient when the accumulated money is not enough, but want to quickly enjoy the fruits from buying and selling real estate, it is considering a bank loan plan.

However, investor Do Viet Dung, who used to come up from a brokerage career and “hit the land” several times, built a property in Hanoi, said that this is a sensitive time, investors absolutely do not. should play “all hands”. The use of financial leverage will be ineffective when the economy is in trouble because in addition to the main income can be reduced, the resale of assets is not easy because people are squeezing consumption and being more cautious. in transactions. When the economy and market sentiment are good, closing real estate transactions can take place quickly in 1-2 months, even weekly, but for now, the closing time will be longer than 2- 3 times. If the revenue source is not stable, the accumulated money is not much, should not use financial leverage at this time even though the interest rate is low, especially if you have to borrow more than 50% of the asset value. If the income is stable, has a reserve fund and only has to borrow from a bank less than 30% of the asset value, investors should consider choosing properties that can immediately generate cash flow, such as completed apartments. houses, townhouses, warehouses for rent …

At the Vietnam Real Estate Conference (VRES) 2020 organized by Batdongsan.com.vn, real estate experts also believe that the real estate market is in a good stage to buy in but only suitable for customers. goods, investors are rich, financially proactive. The epidemic has not been completely controlled, not to mention the “macro” period can last 1-2 years so there are still risks in cash flow, investors using financial leverage must be very cautious.…

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