Winning the land in the suburbs, nearly half a billion a year

Spending 1.2 billion dong to buy a land in Dong Hung Thuan ward, District 12 (Ho Chi Minh City), after nearly a year, Mr. Huu Thang sold it for 1.75 billion dong, minus all his expenses 450 million. copper.
Below is the sharing of Mr. Huu Thang with Batdongsan.com.vn about his suburban land investment story:

I come from Hanoi, I moved to Vung Tau to work, then got married and gave birth to 2 boys. Both husband and wife have stable jobs, I work in the army, my wife works as an accountant for an import-export company, the total monthly income of the whole family is about 40 million VND. My wife and I have bought an apartment with an area of ​​80m2, just enough for 2 couple and 2 children to live comfortably.

After paying off the mortgage, at the beginning of 2018, we saved about 1.1 billion dong. This money, my wife and I deposit money in the bank to get interest every month. But the interest is not worth it, it’s almost like the money is immobilized. Therefore, my wife and I discussed how to withdraw money to invest in order to expect “money to make money” quickly. But investing in something that is both safe and profitable is a difficult problem.

My parents advised me to buy gold for safekeeping, without worrying about devaluation, but my wife and I did not want to do so. Investing in stocks is too risky, because we are not knowledgeable about this area either.

Hình ảnh một khu đất trống nằm sát 1 con đường nhựa rộng rãi

An image of an empty land adjacent to a spacious asphalt road
The location of the land you choose to buy is one of the extremely important factors when investing in suburban land. Internet photo

Wondering where to invest, the banker told him that the land in Dong Hung Thuan ward, District 12 (Ho Chi Minh City), the owner needed money urgently, so he wanted to sell it for 1.2 billion dong. At that time, the land market in the suburbs of Saigon was also heating up, so I discussed with my wife to go to see the land first, if you like, invest because the land is now increasingly scarce, then resale will definitely increase . Seeing reasonable, my wife agreed immediately.

A few days later, the couple took a car to Saigon to see the land. This land has an area of ​​50m2, has a red book, is located near An Suong market, spacious paved road, infrastructure, electricity, full tap water. After considering the legal factors, the location, and the amenities around, I decided to make a deposit to buy. After about 3 weeks of raising an additional VND 100 million borrowed from relatives (without interest) and conducting purchase and sale procedures, we have stood on the first big investment in life with a feeling of excitement and worry. to settle.

During a year, my husband and I regularly listen to and update information on the land market in Ho Chi Minh City. After the time of purchase, there are times when the land price in the area we invest is almost immovable or increases a little bit, but fortunately, by the end of 2018, the price is continuously increasing. By February 2019, through the recommendation of an acquaintance, I sold the above land to a Vietnamese couple for 35 million / m2, equivalent to 1.75 billion VND. So after about 1 year, excluding all expenses and loans from relatives, I have earned 450 million interest.

After hearing my story, many people said that my husband and I were too lucky to have such strong profits because in fact many people lost money or even defaulted when they poured money into the land around Saigon. It is true that my husband and I are a bit lucky, but that only accounts for 5%, the rest depends on other factors.

Firstly, before deciding to invest, I also asked acquaintances to check the planning information and legality of the land at the Department of Natural Resources and Environment and then get the money, not “blindly”. Meanwhile, on the market, there are many customers who are not interested in this information and just go to buy land. When it is discovered that the project is not real or caught in the planned land, the money has gone into the seller’s pocket.

Second, the location of the plot to buy is also extremely important. Although I buy investment, I always assume that if I cannot sell, what can that land do? Is it possible to build a house to live? Is it possible to build a rental hostel? Is there any business to sell or not? Around the land are schools, markets, hospitals, how do residents live? … All these factors are the conditions that determine whether the land is able to increase or not.

Third, investing with safe capital. Because I do not have much investment experience, I am not in a hurry to use financial “leverage” to borrow money from banks, but only choose products that are suitable for my pocket and give priority to the idle cash flow.

In short, a little luck, a bit of caution, a little thought and a bit of assertiveness have helped me succeed in this investment.…

Identify 3 times of price increase of a real estate project

After a marketing campaign, real estate prices are usually 20-30% higher than the original base price. Residential buyers and investors should take note of the three common price increases of a real estate project.
General Director of Viet An Hoa Real Estate Company, Tran Khanh Quang, said that in the past half decade, real estate price increases have been erratic due to many fevers. When being pumped with high expectations, the price fever will occur. Therefore, when buying real estate, buyers need to understand at what stage the price lies at the property they buy.

As noted by Batdongsan.com.vn, the project’s real estate price increases or decreases depending on many influencing factors, but there will be a number of common price increases as follows:

1. Open periods after the first installment
If in the “launching stage”, when the investor launches a small amount of goods to explore the market with the lowest selling price, when the next subdivision is opened for sale, the selling price will increase slightly by about 5- ten%. During this period, the selling price in the first zone usually increased by 1-2%.

This is the stage when buyers determine whether the project is on schedule as committed or not.

many tall buildings in the city

nhiều toà nhà cao tầng trong thành phố
The selling price of real estate at the time before handover is usually 10-15% higher than the previous period

2. Before handing over
When the project is about to be handed over, transactions are now very active, prices usually increase 10-15% compared to the previous period. Because the investor enhances the branding, some free services … to enhance the after-sales stage. Buyers can buy in the old zone for a better price.

At this point, the project has been basically completed, has utilities, buyers can clearly visualize their whereabouts, so it will be easier to find out. This is the time when buyers can evaluate the reputation of the investor as well as the quality of the items committed by the investor.

3. Infrastructure completion and handing over stage
Internal and external infrastructure information can cause real estate prices to spike. In particular, in recent years, more and more projects “owe” the red book of residents, the investor’s handover of the book is considered an expensive plus, creating confidence in the legality of the buyer.

This is also the reason why many investors choose to sell goods in the past or invest in leasing because of a large customer base.…

Experience of buying a safe and legal hand paper house

Currently, many homeowners agree to buy real estate with handwritten papers even though they know for sure the risks that may be encountered. Therefore, in order to help investors own the desired real estate, but still ensure safety and compliance with regulations, Batdongsan.com.vn will share some useful information and experiences of buying a paper house. in the article below.
1. What is buying a paper house, should I buy a paper house?
Buying a real estate by hand is understood as a simple form of buying and selling by party A – the seller and the buyer – the buyer exchange and sign with each other. Especially no intervention from competent authorities. Therefore, this contract is only on the name of sale and purchase agreement, not legal.Buổi ký kết mua nhà giấy tờ viết tay

Many people wonder whether to buy a paper house or not

Buying a house with paper by hand is safe or not mainly based on trust between two parties. Although there have been many cases of fraud, but this is still a popular type of buying and selling real estate today. Because only of the money to buy a real estate with a red book, you will have a real estate.

As noted, many frauds have taken place, but buyers still accept to buy real estate and real estate. So should we buy a paper house or not?

You can buy a paper house, because in fact, buying and selling in this way will also bring some benefits if it is safe. However, for things to go smoothly, you need to have enough practical experience to ensure the safety of your money.

So what should you pay attention to when buying a paper house?

2. Make sure the experience of buying a safe hand-paper house
With the pitfalls of the real estate market, investors need experience to be able to buy home paper safely.

First of all, you need to observe carefully from the entrance to the house to the house you intend to buy to see if that land is exactly residential land or not? Is the entrance to the house owned directly to the house I will buy or not?

Make sure that this piece of land, path is not owned by someone else’s house, or is part of the planning project. Because if it’s not your land, but the encroachment, you don’t have any rights to that area. When the landlord actually builds, your house will naturally have no entrance.

An indispensable part to be able to buy a house safely by hand is to verify the land and the part of the house. Whether that house has announced the house number or not, … Experience buying a house of hand papers is that you should ask the seller to give out the certification papers and related information. Otherwise, get information from the cadastral department of the commune / ward People’s Committee – where you choose to buy a real estate.

bắt tay khi ký hợp đồng

Just signing a contract is not enough to ensure the safety of buying a paper house

Do not give the seller too easily trust, ask to check their identification. In case the seller is married (including husband and wife), the handover and signing of the contract must be agreed by both persons.

A handwritten real estate sale and purchase contract between the two parties should be detailed and specific, including a record of money delivery and receipt and document delivery and receipt. Make sure the seller has received enough money, and agrees to hand over the property to the buyer. When the two parties have come to the decision to sign the contract, there should be two witnesses. For greater certainty, the buyer can ask the seller to point to the contract with his right index finger.

After the transaction is successful, the buyer should keep all original real estate papers (if any). Also keep a copy of the seller’s identification so that it can be easily contacted when needed.

Another experience of buying a paper house that investors need to pay attention is that it is advisable to establish vi by transfer transactions or buying and selling when there is no red book. However, if you are still in doubt, it is best to find a lawyer or someone with experience in buying handwritten papers for advice and help.

>> Experience in buying residential land reduces risks

3. What is the procedure of buying and selling hand-paper land?
From the time when the two parties confirm the signing of the signed contract, the land use transfer contract (notarized) shall take effect. So what is the procedure for buying and selling hand paper land?

The deposit contract is signed between the two parties.
Real estate sale and purchase form (notarized).
Certificate of land use right (notarized).
In the form of paper house sale and purchase of real estate (available) usually has the following basic contents:

Provisions on transferable land use rights.
Content related to transfer prices and payment methods.
Content of land handover, and land use registration.
If there is a contract dispute – give a specific form of resolution.
Party A’s commitment – to sell, and party B – to buy is included in the contract.
Some other terms.

ký giấy tờ hợp đồng mua bán nhà

You need to equip the experience of buying a paper house to ensure your own interests

The above is the answer to the question of many “what do you need to buy a home paper house”. In fact, buying a paper house is just a contract signed between both buyers and sellers, so the paperwork is not too picky. However, if the person is experienced in buying a paper house, they will request more documents from the seller to be sure that the transaction is safe.

4. Questions around buying a paper house
After answering the question of what is buying a paper house, and sharing some experiences of buying a paper house safely with you, Batdongsan.com.vn will continue to answer some questions around buying a paper house. hands below.

Is it legal to buy and sell land with handwritten paper?
It is not legal to buy and sell land by handwritten paper without the intervention of competent authorities. However, in case, if there is a land use right transfer contract with endorsement from the People’s Committees of all levels, the contract is legally valid and legal.

Buying a hand notarized house?
Many people often wonder “can I buy a house with hand notarization?” Because buying and selling real estate with handwritten paper in fact does not have any legal value. To answer this question, we need to document the Law of Notarization – article 35: “The notary office will only accept and certify the real estate sale and purchase contract in case the real estate has been granted a certificate. about ownership. ”

Mua nhà giấy tay có thể sinh lời hoặc mất trắng

Buying a paper home has a fine line between gain and loss

Buy a real house with hand paper got a pink book?
The real estate and real estate will be issued with a pink book if the land ownership belongs to the buyer and is notarized. In the opposite case, when the land use right has not been transferred, the buyer cannot intervene in any action related to the real estate issue, including the construction of real estate, hand paper, or apply for the pink book. .

>> Latest process of transferring land use rights

Buying a house with hand paper is overturned what to do?
As analyzed above, buying real estate by hand is potentially risky. One of the biggest risks, causing investors to lose nothing is the seller’s “flipping”.

In case when transferring land by handwritten paper, signed by both parties but not notarized, the transfer will be invalid. This means that the part of the property that has been bought, is still in the hands of the seller because there is no endorsement from the authority, it cannot be proved that the land has been transferred.

At this point, the seller starts to turn around, the new buyer realizes he has been deceived. This issue is difficult to regain the interests of the buyer, even with the intervention of lawyers.

Want to get money back or use the land, at this time, just rely on the “heart” of the seller. Therefore, right from the beginning of buying real estate, buyers need to be experienced and knowledgeable about legal issues.

mua nhà đầu tư sinh lời

Buying a paper house is potentially risky, sometimes losing it

In fact, there have been a lot of disputes related to buying and selling real estate on handwritten paper. Therefore, the lesson for those who do not have experience of buying a paper house is to be alert and learn carefully before making a decision.

Ideally, if you do not have experience in buying a paper house, the buyer should ask a lawyer or people with extensive knowledge for specific advice and guidance. They will make sure your buying and selling process is safe, you can own a low-cost home without litigation. At the same time, the consultant also helps you answer many questions and share more experiences of buying a flat house, …

The experience of buying a paper house and some important information about the procedures and related regulations when dealing with real estate in handwritten papers has just shared useful hopes with you. Wish you have satisfactory trading and safe investment!

I bought a house because of the risky mindset, unlike the majority

Little money but not afraid of being a debtor, plus a little blood and risk and a different move so I was able to buy a house. If I keep calculating it safe, I probably still hook my wallet to pay the monthly rent.
Both a debtor and an investment plan
Sharing about his Saigon home buying story, Mr. Duong said, it does not matter how much you borrow from the bank in the total value of the house, but the income level, calculating the debt repayment plan after the loan.

Mr. Duong recounted that, after getting married in early 2017, the couple stayed in a rented house in Ho Chi Minh City for 5 million / month. By the end of the year, all of their savings, Tet bonuses, wedding ceremony money and gold rings are in their hands, and they have 600 million dong in their hands. Without using all this money, he calculated to keep 100 million VND to find ways to make a profitable investment, then borrowed 800 million VND from the bank to buy an apartment for 1.3 billion VND. The preferential loan interest rate for the first year is 7.5%, the second year is floating according to the mobilizing interest rate plus a fluctuation band of 3.5%. The couple’s total monthly income is not high, only about 35 million, so after getting a loan, he is always in pain with the question “How can, in a few months, 100 million dong will bring me 500 million dong?” . In 2018, seeing land in many areas around Ho Chi Minh City increased in price, Duong decided to risk a deposit to buy a piece of land in Binh Phuoc, his hometown, and then hand over to earn a profit of 300 million VND. So by the end of 2018, after collecting the money, Mr. Duong has paid a considerable amount of both principal and interest. At that time, he calculated to the second year, although the interest rate increased to 10-11%, the monthly debt was not too heavy for the couple.

“There are still many people who stop me from borrowing more than half of the value of the house, but seeing someone recklessly buying a house, even with 200 million in hand, my wife and I also boldly borrowed from the bank and risked to bring investment money to pay off. debt as fast as possible. Finally, the couple’s wishes also come true ”, Mr. Duong said.

Anh Duong is a typical case of young families from small provinces to big cities working, then buying a house and settling here.

gia đình 4 thành viên đang ngồi trên sofa trong phòng khách căn hộ

Family of 4 members sitting on sofa in living room apartment
The couple, Mr. Duong, borrowed 800 million VND from the bank to buy an apartment for 1.3 billion VND. Illustration

 

Borrowing money to buy a house and then rent out to pay debt
Luckier than Mr. Duong, Mr. Minh (Hanoi) received support from his parents to buy a house. Mr. Minh’s method, like many other people, has been applying for a loan from the bank to buy a house, but has not moved in immediately, but leased it again to pay debt repayment. For those who can stay in their parents’ house temporarily or buy a large house to rent an empty room, the chance of buying a house will be many times easier.

Just moved home not long ago, Mr. Minh said, he works as a construction auditor. He often has to go to work in the provinces, sometimes just stay at home for about a week for a month. Three years ago, he borrowed 1.1 billion dong from the bank to buy an apartment in Nam Tu Liem district. Borrowing more than half of the value of the apartment, he calculated the plan to rent this main apartment for 3 years with a rent of 12 million VND / month. He and his wife, along with a son, stay at his parents’ house during that time until the beginning of this year to move to a new home.

“Living with my parents for another 3 years, my wife has both been helped by my grandparents to take my children to school, to help with housework, and to save some money to pay the bank debt. The couple also set up automatic savings in their account, the money is off the top minus immediately. Up to now, although the debt has not been fully paid, the amount of interest to be paid is not much due to the fact that the loan is calculated according to the actual outstanding balance, ”Mr. Minh said.

Accepting much debt to quickly run out of debt
Also successful thanks to the origin of land investment with only 130 million, after a successful deal and using money to buy trucks to trade in bottles, Mr. Phan Loc has so far owned 2 apartments of nearly 2 billion. VND / unit. Mr. Loc expressed that buying a house clearly shows his thinking about profitable money. I realize that it can be divided into 3 psychological groups when buying a house. The first group is afraid of the debt hanging from the head, so they do not dare to borrow right away, but both work to accumulate and learn products, ready to accept at rent. The second group is confident in their income and debt repayment ability, so they borrow from the bank as much as possible to have the motivation to “plow” to pay debts, along with that they will use a part of the capital to invest. The third group is to use all the money for short-term investments first, collect money and then buy a house.

Mr. Loc said: “Everyone has their own way of thinking, but for me, when I buy large-value assets such as a house, a car, I will borrow from the bank as much as I can, risk eating a lot. The risk will go with high profits, on the contrary, if it is safe, the profit will be low or zero. For example, if I buy a house with 1 billion VND, I will borrow 80% of the value of the house, pay 20% in advance because instead of losing 1 billion VND immediately, I will spend only 200 million VND, the remaining 800 million can bring more profits. “.…

I am satisfied that I have sold a new house, borrowed another 1.5 billion to buy an old house

In order for my children to go to a good school, close to home, I sold a big beautiful house designed by myself and borrowed VND 1.5 billion from the bank to buy an older grade 4 house. At first I still regret my old house, but when I moved to a new house, I found myself discerning because life was so much more convenient.
Mr. Chien Thang (Ho Chi Minh City) shared the story of selling his favorite house that he created his own design concept to buy an old house near his child’s school:

In 2014, I built a house with 1 ground floor, 2 floors with area 4.5x16m, 6m wide alley in Binh Tan district. This is my first house, which is my result after a series of days and nights, so I am very excited and self-designed for the house. The house is not too far from the main road but located in the alley so it is very quiet, only 2km from where I work.

Two years after building the house, I got married, gave birth to my first child and still lives in this house. My wife opened a spa store on the first floor. Life was still very good until the end of 2018, the couple started to gradually consider sending their children to preschool. I want to send my child to public school because I think it is not so important to have a preschool. However, according to my exploration, the schools in my ward are quite decent. I still think that I will go to public schools first and then move to private schools, and international schools will make my children more adaptable and more interested. But my wife thinks differently. She wants to send her children to an international kindergarten to create the best environment for her to develop, to shape her personality from the very beginning.

tuyến đường có hàng cây hai bên và nhiều nhà cao tầng

The road is lined with trees on both sides and many tall buildings
Mr. Thang sold his house up to a design concept to buy an old house near his child’s school. Illustration

For a long time, the couple decided to temporarily send their children to the public school first to see the situation. For 4 months, we had to discuss other options because the couple were both busy, unable to pick up their children at 4:30, the child now falls and hurts here, scratching there. My grandmother had a pain in her leg, so we didn’t want to ask to take her to school.

My wife likes an international kindergarten but is in Tan Phu district. Tomorrow when my child is older, I go to middle school and high school around that area. Thinking about it, hiring someone to take the child is not secure, so we plan to go there to rent a house to stay temporarily, rent out the old house to compensate for the cost. Because really, I am very afraid to move, especially in this house I spend a lot of energy to decorate. We looked for a house to rent and we could see a new grade 4 house but larger than the old house (5x18m), with a small garden behind the house. The facade is wider than the old house, the big road, and the populated area so it is likely to be better for my wife’s business. Only I will have to accept 5km to get to work, not too far but just further from my old house. The problem is that if we sell this house to buy this house, we have to compensate another 1.5 billion, not to mention additional repair costs before entering and doing business on the 1st floor. The couple was really confused. At first, when I built the old house, I thought that I would live my whole life, and my children and grandchildren to live in the future, so I invested a lot. Knowing before, I had to build a house after getting married.

To be sure, we polled friends, relatives, and people living near the grade 4 house we watched. Seeing quite good feedback on security, living environment and the potential to increase housing prices … so in the long term, the couple decided to sell their old house, move to a new house to soon stabilize their life. With a bank loan for 15 years, each month including principal and interest, we have to pay about 20 million. Fortunately, the business was good, so we can still make sure.

Friends come to play a new house, everyone says that when a beautiful house is sold, they will sell it, borrow more money to buy a bad old house. But with us, choosing to buy this house, we have considered and consulted very carefully, especially we prioritize favorable criteria for our child’s education. Furthermore, my wife’s business in the new home is much better than in the old home. My child from the international school day is also more obedient, happy, and more excited. Only when we are too busy do we have to ask her for help. Although I’m a little regretful of the effort I have spent on my old house, but I am still very satisfied with my choice to change house. Going to this house, our lives are much more convenient. From my story, I feel that I should not keep the mindset of my whole life in just one house, if there is a better chance, the change is not at all worrying compared to living with the inconveniences of the old house. . There may be even more better opportunities out there.…

5 ways to help wage earners buy a home early

Wage income is stable but difficult to break through while real estate is of great value.If not working in high-income fields or doing business, it takes a lot of time for wage earners. New accumulation can buy houses in big cities. How to shorten this distance?
Skill picked up
If you keep thinking that a small salary can not buy a house, home ownership will be more distant. Therefore, if you really want to have a city house, take advantage of the stability of the monthly income for long-term accumulation. Each month, cut off immediately the amount of money that can be saved, only keeping the estimates to spend. When you reach a certain amount of accumulated capital, you can borrow from banks and relatives to buy a house and plan to repay the debt. During accumulation, find ways to multiply your capital, such as dividing money into small investments, rotating investments or increasing income to increase capital …

The initial capital is the basis for you to get close to your intention to buy a house, even if you cannot buy a house right away, it will also motivate you to increase your accumulation, or at least help you have a backup. , be ready for unexpected investment opportunities.

Even if you are not proficient in investing, saving and earning compound interest are an effective way to increase capital flows. For example, you have 10 million savings, interest 8% / year, after 1 year you will have 800,000 interest, in the second year, in addition to 800,000 interest from 10 million, you have an additional 64,000 interest from 800,000, total add up to 11,664,000 and continue to multiply in the following years. Assuming you only save 5 million dong per month, then after 3 years you will have more than 200 million both principal and interest. If it is possible to invest, the initial small capital can be multiplied many times after 3-5 years.

Albert Eistain commented on compound interest. Taking advantage of compound interest helps homebuyers increase their accumulated capital quickly.

Roundabout strategy
If only relying on salary and income without breakthrough, it takes the average salaryman 15-25 years to buy a property, not to mention slippage and price increase amplitude of real estate after each year. So, instead of waiting for money to accumulate, a detour can even shorten the distance to reaching your dream of buying a home. Searching for affordable homes or plots away from the center, renting or staying in temporary accommodation will help you save rent or increase passive income while the property still has a chance to increase in value later. With the balance, you can borrow from a bank or relative. This is the asset value increase problem that many people have successfully applied. After a few resales, you can buy a house or apartment of greater value and closer to the center.

Land investment
The amplitude of real estate price increases in major cities that have completed infrastructure will often be difficult to surge like in undeveloped regions. Therefore, investment in countryside and other provinces is a great opportunity for wage earners with small capital.

Some rural areas have land prices divided into plots or at auction from 300-500 million / lot, even 150-200 million / lot. If a good location is bought, after a few years when the locality invests in infrastructure, the land price may double or triple. Investing in the countryside in addition to the advantage of cheap price, you can easily find out and survey information by yourself or ask an acquaintance to support legal procedures.

Đất phân lô giá rẻ ở vùng quê

Cheap land plots in the countryside Land in some rural areas has a soft price and good profit opportunities. Illustration

5-10 years ago, many people returned to remote areas of Saigon to buy land for 300-500 million and can now sell them for 1.5-3 billion VND, even 5 billion VND. However, finding such a land is not easy, it requires you to take the trouble to learn, come to the place to survey, compare … to be able to “buy cheap, sell expensive”.

Contribute money to buy land together
Although there are many inconveniences and disputes easily arise, this is really a great plan for those with small savings. If it is possible to form a group of 3-5 close people, trust each other to contribute capital and invest in the same land, the chances of bringing in profits will be much higher than “alone”. Because plots of land have a profitable opportunity, a beautiful location will not be cheap or it takes a lot of time and effort to find. When contributing capital, the group buying together will easily find the product and easier to liquidate, the expected price is also better.

In addition, when working in groups, the knowledge and experience of many people also increase the chances of finding a good product, and reduce the risk when the assets are unfortunately difficult to liquidate. With this option, the prerequisite is to trust each other and be willing to invest in the long-term, not rushing to sell off when the market is difficult, or the expected price is not reached, because short-term real estate investment carries. The luck is more, if you have carefully calculated and bought a good property, you can rest assured to wait for the opportunity.

Take advantage of loans
Making good use of loans is like “borrowing the wind to break bamboo shoots”, giving salaried employees the opportunity to own assets of much greater value than their existing money. Borrowing money from relatives or borrowing money from the bank to buy a house on installments are all smart problems for salaried employees who cannot afford to buy off assets. Many people only have 200-300 million VND in hand but are willing to borrow 300-500 million more to buy a land, during the accumulation and repayment of that land can also increase the value beyond the interest payable. However, when you borrow money from someone you know, you need to keep your credit to be able to handle it easily in the next time. With a bank loan, it is advisable to carefully calculate the solvency and do not borrow more than 50% of the asset value to ensure safety.…

Afraid of buying a house with debt, I was helpless when my friends had settled down

Housing prices will never fall to the point where anyone can buy it. Therefore, instead of lamenting or waiting, find a way to buy a house as soon as possible, because the opportunity to buy a house will be more distant when real estate prices are still increasing.
I was stunned when he invited the new housekeeper to meet his high school friends who were living in Hanoi by the way. The meeting was nearly crowded, only missing 3 people for business. What shocked me was that out of 12 people present, 9 people bought a house in Hanoi, of which 2 people bought more land to save, only me and 2 others were still empty-handed. I find myself wrong when I always click my tongue thinking that the house price in Hanoi is too high, I can never buy it. Afraid of buying a house with debt, my wife and I have as much to spend, just buy hedging insurance and keep a small amount of self-defense. Even the Tet bonuses of 50-100 million, my wife and I do not accumulate, but buy brand names, genuine phones or pour into luxury check-in trips. Now, at the age of 40, I realize that my friends are all stable, many people are just equal, even shorter than me, now have decent houses and cars.

Tuan, the landlord invited the housekeeper today to cheat the most about work. Working in the construction field, although he has good knowledge and expertise, is hard-working, but because he is quiet and has poor communication, he is often pushed to the construction site away from home, many years without being promoted. But now Tuan can also buy an apartment 70m2 for 2 billion. The friend was a bit shy when he admitted he still owes the bank 500 million, but still made me ashamed because now I have all the money in my house and sewn it for only 200 million.

Looking back, I see that my current situation is due to the idea of ​​prioritizing enjoyment, accepting to rent a house so that I do not owe debt. My wife’s income is quite low, my salary is nearly 20 million (currently about 30 million, but the older children are also more expensive) so we always think that when we can buy a house, we can never buy a house. But by the age of 40, when all of you were stable, I realized what was wrong with me. Renting house here and tomorrow. The work has also started through a brilliant period, just a few years later, I may be criticized by the business, ready to fire at any time. Meanwhile, my oldest child is only 10 years old, and my wife and I have to take care of their 2 children finishing college in 10 years. The house does not have, the accumulated money is not worth much, I see the future dim than when I was young.

Người đàn ông đang suy nghĩ về việc mua nhà.

The man is thinking about buying a house, hesitant to buy a house, leaving me a long distance away from my friends. Illustration

Meanwhile, with a salary of just over 10 million, plus his wife’s salary, Tuan’s family’s initial income is less than 20 million, but now after ten years of marriage, two people can also buy a house. Tuan said, knowing that it was difficult to increase his income through work, Tuan and his wife had a plan to accumulate from the beginning. His wife takes care of the children around the neighborhood on weekends, earns 3-5 million more every month, and Tuan, when receiving Tet bonuses or extra bonuses after each project, brings his wife into his accumulated account. . The couple tried to cultivate the target on the salary, if the surplus, they buy things. After the first five years, they had 500 million in savings and about 100 million in interest from small investments such as gold, stocks and savings.

In 2016, when he heard that Tuan’s hometown would upgrade to town, he and his wife discussed using this money to buy land in his hometown. That land lot is 100m2 priced at 700 million, two people borrow 100 million more to buy. After nearly 4 years, as soon as the district officially went to the town, the land lot increased to 1.4 billion, the couple decided to sell and buy an apartment on installment. Waiting for nearly a year, Tuan had a spacious apartment and only borrowed 500 million from the bank. This amount is not too burdensome compared to the couple’s current income. Tuan said that the bank loan will be paid off gradually, and the money accumulated over the past few years will be used to invest.

Other friends of mine, who do well in business or set up a company, buy townhouses, villas, and salaried workers can also buy a dormitory or social house. Everyone has stabilized their houses so they talk about investing, where to put money to make a profit, preparing future plans for their children … I am only shocked because I do not know where to start.

From my story, I advise young people, the salary is not too low, just have confidence in your home buying plan. Because of the fact that I see, although housing prices keep increasing, there are still a lot of people who can buy a house. Having a home will stabilize everything and take care of the children better.…

How are the advantages that make it easier for buyers to hunt for bargain prices during the season?

Many home buyers nowadays, thanks to the advantage of having available cash, have successfully negotiated with the landlord to reduce the selling price to several hundred million dong.
Mr. Tung has a financial of about 3.5 billion VND, including money from both sides of his paternal family. He is looking to buy an apartment in the Southeast direction with 3 bedrooms and a space for children to play. The couple admired and zoned a few apartments in Cau Giay or Thanh Xuan (Hanoi) such as Green Park Tower, N07 Dich Vong, Ha Do Park view, Bohemia Residence.

After going to see a few apartments, Tung and his wife are quite satisfied with an area of ​​135m2. This is a 3-bedroom apartment of the Bohemia Residence project, which is offered for sale by the owner for 4 billion VND. Fortunately, the homeowner needs cash urgently, so after negotiation, he agreed to reduce the price to 3.75 billion dong. As a result, Tung did not have to borrow too much. “The seller needs money urgently, I also really like this house, so from the time of coming to see the house, negotiating the price and moving in only takes about 3 months,” Tung said.

bên trong một căn hộ chung cư có người đang ngồi

Sitting inside an apartment, many people buy a house thanks to the availability of cash, so it is easier to negotiate discounts. Illustration

Also waiting for the seller to accept the discount to push the goods is Mr. Duy’s case. He and his wife are referencing some Anland Lake View projects, 43 Pham Van Dong, HD Moon City or hunting to buy old apartments in My Dinh area. Including own capital and support from both paternal and maternal sides, Mr. Duy and his wife have about 1.6 billion VND. Wanting to spend some money to do his own business, Mr. Duy just wants to buy an apartment for less than 2 billion. You can borrow more friends for about 400 million. “Seeing that there is an old apartment of 70 square meters on Tran Binh street for 2.1 billion, but I am not satisfied. I hope to have a predestined relationship to find the rightful owner to sell urgently to negotiate prices. A friend of mine in the past year also had to sell an apartment on the opposite side of BigC Thang Long and a 3-storey house in Trieu Khuc to get capital to maintain the operation of the travel agency and develop more tissue. new business image ”, Mr. Duy shared.

According to observations, on many real estate trading forums, asking to buy and refer to projects is still quite active. Many buyers still expect to find the right house that needs to be sold urgently or the owner gives priority to “real grain money” to easily negotiate the price. Even those who have a house still take advantage of this time to buy “savings”. “I join many real estate groups, communities on social networks to grasp the situation, wait for a ‘good’ house to close immediately”, Mr. Duc – member of a group of real estate trading in Ha Cabinet share.

Mr. Doan Quoc Duyet, Director of Tin Thanh Company also confirmed, currently, cash psychology is king still dominates the real estate market. If the buyer has “fresh” money available, it will be easier to negotiate the price with the seller. Cash transactions also tend to drive property purchases at a lower cost than the market price level. According to Mr. Duyet, the current period in the past 2-3 years is the easiest to buy and negotiate the real estate price if the buyer has “real money”. When the buyer uses financial leverage, the transaction will be slowed down due to bank loan procedures, price appraisal. According to this expert, in the first 2 quarters of 2021, the trend of cash is king will dominate the market strongly, but most of this cash flow is not defensive, but turns to properties that are offering at bargain prices. At the time of the third quarter of 2020, real estate expert Tran Khanh Quang also said that this is a very good time for buyers to find real estate they love. When you like, you will understand about it, have a vision of the product for 2-3 years and will know whether you buy it expensive or cheap.…

Very quick pocket home buying experience through brokers

Should I pay a fee to rent a real estate broker? This is the question of many buyers and tenants. So what is the answer?
Many homebuyers do not want to pay a brokerage fee, but with large assets such as real estate, the brokerage is considered by many to be more expensive. It is important that any deal with a broker is most cleared up before trading.

4 tips “hit fast, win fast” when buying a house
Be wary of amateur brokers: One of the risks when buying a house through a broker is encountering a “bad” broker. The number of brokers on the market today is very large, including professional brokers and amateur brokers. Homebuyers should contact professional brokers to ensure the information received is accurate and not fraudulent.

Discuss the most specific criteria: To shorten the time to buy a house, you should make a list of all the criteria of the house such as location, area, direction of the house, width of facade, design style. , interior … and sort by importance then clear communication with realtors.

Do not take the risk to go too far from the original budget: Many realtors will offer suggestions for homes with a price difference of a few hundred million from the price you ask for you to choose from. However, you should not be in a hurry and should only travel within manageable prices. The thought of trying to borrow a little more will add to the burden of payment.

Xem căn hộ khi mua nhà qua môi giới

Viewing an apartment when buying a home through a brokerWith property of great value such as real estate, buying and selling through a broker is said to be more than lost. Illustration

Proactively verifying information: Buyers should not depend too much on brokers but need to verify the information themselves, especially legal information. There have been many cases where the price is higher than the reality due to the broker intentionally pushing up the price to eat the difference.

What to get when buying a house through a broker?
Save time and effort: Instead of giving up your job to find a house, contact yourself, schedule a home view, negotiate prices, do procedures …, contacting a broker will help buyers. saves a lot of time and effort, especially for first time homebuyers.

Easy to find a product like that: Brokers have rich information about the houses that are looking to sell or rent, so the ability to choose the right product according to the criteria given by the buyer will be higher. Brokers can also give some advice on analyzing and comparing between houses as well as balancing the budget to borrow money within safe limits.

Limiting legal risks: Home buyers will not be able to fully understand legal procedures such as real estate brokerage. A professional broker will have the basic knowledge to assist buyers to check the legality of products, support all procedures such as deposit contracts, sales, tax fees …

10 quick test questions “quality” of the broker
The majority of home buyers are often through brokers introduced by relatives or friends to increase their trustworthiness. But not all brokers know the market in every region to assist you. You can have a quick check on the professionalism and reliability of your broker with a few questions like these:

Is this broker referred by your relative?
How long have you been a broker?
Is there a brokerage practice certificate?
Work independently or work for the company?
About how many successful transactions in a month?
What are some recent real estate transactions?
Operate in one or more regions?
Do you have a clear understanding of the regional market?
Is their recent customer contact ready?
Are you easy to contact the broker at all times?…

Should I buy One Central Saigon?

One Central Saigon is one of the apartment projects in District 1 invested by Masterise Homes Group. Despite receiving the attention of many customers, there are still people wondering whether to buy this project or not? If you are also interested in this issue please refer to the information below for the most objective answer.

Perspective of one central Ho Chi Minh project
Geographical location – Golden location right in the heart.
This project is located on a land with 4 fronts including: Pham Ngu Lao Street – Calmette – Pho Duc Chinh – Le Thi Hong Gam. The project location brings many advantages such as:

Located in the heart of a crowded and wealthy community area.
Convenient transportation connection, attracting apartment tenants.
Residents living at the project can easily use the facilities outside the area.
Moving to central locations and big cities is also shortened.
These are factors that increase the value of real estate products in the project.
About the project investor
The investor is a well-known unit in the real estate market with a line of high-end apartments. The Lasterise Group has extensive experience and strong economic potential. During its operation, this group acquired many large land banks in the center of Saigon and many other prime locations. In our opinion, this is a domestic investor who develops well the luxury apartment line and can choose to buy in very well.

High-class community
The project brings together Vip community to bring a civilized and modern living space. This is also an opportunity for quality trade and cooperation. Children have a good environment to develop a living area in a quality educational environment.

The number of apartments is limited

Only 214 apartments were offered for sale in the whole project. So this is a limited apartment, supply is not much. Therefore, it is possible to show the level of the owner as well as increase the value of the products in the project.

About the selling price of the apartment
According to information from the investor, the expected selling price is about 23,000 $ / m2. This price has set a new record for real estate prices in Ho Chi Minh today.

This price is considered reasonable and worthy of the classy amenities and values ​​that the apartment brings.

With the advantages that the project brings, we analyze above, we hope that customers interested in this project can answer their questions about whether to buy One Central Saigon project or not. If you have any questions or want to learn more customers please contact us at hotline 0936.326.868 for the most detailed consultation.

ONE CENTRAL SAIGON |【WEBSITE CHÍNH THỨC】GIÁ ƯU ĐÃI & ĐĂNG KÍ NHÀ MẪU