Most buyers or sellers don't know how to value their land, not all land is the same, commercial land may be worth more than residential or agricultural land, and occupied real estate may be easier to value than unoccupied land. Land is a very important factor of production.<\/p>\n
Land is generally divided into three categories: urban, suburban, rural, or agricultural, and from here we think of valuing these categories according to their uses, either residential, agricultural, commercial, or industrial. Many different methods are used in valuation, such as collecting data for nearby vacant spaces, analyzing and comparing sales, or using cost and income.<\/p>\n
The reason for the difficulty of analyzing historical data in the Saudi market is due to its unavailability or lack of it, but with the development of regulations and transparency through the disclosure of the Ministry of Justice and its reports on land sales in neighborhoods with prices for each region will contribute in the future to finding an important factor when evaluating real estate units and will start with the historical record of each property.<\/p>\n
For example, one of the most important factors in estimating or assessing the value of commercial land:<\/p>\n
\u00a0<\/span>Access to land: This is a key factor and is confirmed by real estate experts (location, location, location).<\/p>\n The nature and characteristics of the land: Mountainous, coastal, sandy, hard.<\/p>\n Size: The bigger the land, the lower the price, such as buying products in bulk at affordable prices.<\/p>\n Development and improvements: Such as adding services, roads, or leveling.<\/p>\n Land use: The requirements of the area or streets on which it is located and the permissibility of its uses for certain activities.<\/p>\n Neighboring land uses and market direction: What is being done on neighboring lands may be indicative of the direction and future of the market and may be complementary to similar services, or supportive of unfinished services around it.<\/p>\n Also, there are many factors specific to each land, such as facades, lengths, depth, construction rate, services, quality of streets, etc. that require the resident of the land to pay attention to them.<\/p>\n Finally, there is a hidden factor\u00a0 <\/span>The buyer's preferences or demand for a particular land for special reasons and this causes a discrepancy and difference between the market value and the price, as we see in auctions, and this is more dangerous for the buyer who gets involved in bidding with those and their \u00abneed in the breath of Jacob...\u00bb which is not disclosed.<\/p>\n But without the demand function, value alone cannot influence price, and market value and market price can be equal in an equilibrium market.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>\u0645\u0639\u0638\u0645 \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0646 \u0623\u0648 \u0627\u0644\u0628\u0627\u0626\u0639\u064a\u0646 \u0644\u0627 \u064a\u0639\u0631\u0641\u0648\u0646 \u0643\u064a\u0641 \u064a\u0642\u064a\u0645\u0648\u0646 \u0623\u0631\u0627\u0636\u064a\u0647\u0645\u060c \u0641\u0644\u064a\u0633\u062a \u0643\u0644 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\u0627\u0644\u0645\u0647\u0645\u0629 \u062c\u062f\u0627\u064b. \u0641\u0627\u0644\u0623\u0631\u0627\u0636\u064a \u0639\u0645\u0648\u0645\u0627\u064b \u062a\u0646\u0642\u0633\u0645 \u0625\u0644\u0649 \u062b\u0644\u0627\u062b \u0641\u0626\u0627\u062a \u0648\u0647\u064a \u062d\u0636\u0631\u064a\u0629- \u0636\u0648\u0627\u062d\u064a- \u0631\u064a\u0641\u064a\u0629 \u0623\u0648 … Read more<\/a><\/p>","protected":false},"author":10,"featured_media":21068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"\u0643\u064a\u0641 \u064a\u0642\u064a\u0645 \u0645\u0639\u0638\u0645 \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0646 \u0623\u0648 \u0627\u0644\u0628\u0627\u0626\u0639\u064a\u0646 \u0644\u0627 \u064a\u0639\u0631\u0641\u0648\u0646 \u0643\u064a\u0641 \u064a\u0642\u064a\u0645\u0648\u0646 \u0623\u0631\u0627\u0636\u064a\u0647\u0645\u060c 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