Searching for a new home is often a bit like looking for the perfect ring, but now there's a way to buy them from an automated site.A new online platform that's available to home buyers, called the Real Estate Council, lets users search for homes online using a range of factors including price, size, location, history and history of previous homes sold.They can then buy the property directly from ...
VAN NUYS, VIRGINIA—For many Vietnamese buyers, the best thing about buying a home is the price tag, said Daniel Kim, a broker with Danglars Realty Advisors in Vail, Colo.
But the real estate market is becoming even more expensive.
Kim says the average price of a new home in Vietnam has increased 10% from last year.
The average price is $1,400 per square foot.
That’s up 10% year over year.
And while most of the buyers are looking for affordable houses, some are also interested in buying properties in higher-priced markets.
Kim said some people are even buying houses in the U.S. for their kids or spouses.
He said it’s a sign of things to come for Vietnamese buyers.
VINCE SOLOMON/AP, FILE U.K. real estate broker Dan Kelly, who specializes in property sales in Vietnam, says Vietnam’s realtors are now paying more attention to what they’re buying.
The real estate industry in the United States is getting bigger, and I think there are a lot of buyers in this market, including in the Northeast, and we are seeing a lot more deals going on.
Kim also said Vietnamese buyers are becoming more aware of what is going on in their country.
«I think they are looking at what is the market for them and they are not only looking at the market prices, but also their lifestyle,» he said.
Kim and his partner, John Fau, who are both real estate brokers, said they’re seeing a trend among Vietnam realtresses to pay more attention and to go for the houses that they can afford.
«When we started out, we didn’t pay too much attention to it.
We were only going to do $400 or $500 a square foot,» Fau said.
«But now we have a very good relationship with our clients and we’re paying a lot less.»
Kim said that when he started, he was buying properties at $1.2 million a square feet and paying about $10,000 for each square foot of land.
Now, Kim said he’s starting to pay $600,000 a square yard for his land.
«People are very careful with what they buy,» Kim said.
It is a trend that has been going on for a few years now.
Kim told The Associated Press that in 2015, realtorial sales increased nearly 10% in Vietnam.
«They are very aware of their market, and they want to make sure that their properties are in the best hands,» Kim added.
But Kim says he’s also seeing a change in the price of the realtress market.
«A lot of the people are looking to purchase a house in an area that they have seen a lot and they can pay more for a house that they’ve seen a little bit more in price,» he explained.
Kim is now working with realtor firms to try to improve his business, so he can continue to make more money.
He also said that he doesn’t think there will be a huge increase in the number of Vietnamese buyers in the next year or two.
«The prices are just going to keep going up, but I don’t think they will keep going down.
The prices are going up and they will continue to go up,» Kim explained.
«We are seeing more and more Vietnamese people coming to our offices to see our services and to see the property.»