How much property rates mentioned at http://islamabad.Olx.Com.Pk/ and http://www.Zameen.Com are reliable? I realise that property rated mentioned at Zameen are bit on the higher side than the property rates mentioned at olx. I think based on the rates mentioned on these websites one cannot get an exact guess or a finer guess about property rates in a particular area. What is the opinion of experts of this forum about this issue? Btw I was looking to find rates of a good plot of size 30*60 in B-17 block B and in block C.
Sir on the internet prices will always be on the higher side. Exact prices can be assessed after thoroughly visiting the market and realtors…
Brother IB
Call these below numbers, at the end you should be able to know exact market value of diff sizes of plots....
ID Name Mobile No Sector Name 4 Dealer 1 0300-5073963 B-17 5 Dealer 1 051-2110838 B-17 6 Dealer 1 0321-5825157 B-17 7 Dealer 1 0315-5874112 B-17 23 Dealer 2 0300-5000091 B-17 65 Gallani Estate 0333-5237398 B-17 68 Gallani Estate 0345-5237398 B-17 100 Suffa Awias 0333-5323154 B-17 106 Dealer 3 0333-9669552 B-17 107 Dealer 3 0346-6800888 B-17 108 Win Win Associate 0321-5999944 B-17 109 Win Win Associate 0333-5000443 B-17 115 Poineer 0321-5155384 B-17 130 EM-En Associates 0333-5327032 B-17 132 Mj Associates 0300-5317034 B-17
I don't think so; actually the rate depends upon other several factors which we ignore in the first look. For example I can see a house on OLX of 1 Kanal in Bahria Town, Rawalpindi, reflecting the demanding price as Rs. 32,500,000 Pakistani I Kanal house OLX Whereas a property with the same area on Zameen is showing far less price I Kanal House Zameen
So we should keep some certain things in mind like construction status, construction age, number of portions; rooms, etc., that directly hit the price.
However, you can contact some estate agents in Islamabad for the better assistance and price information. Here is the link to the list of active agents in Islamabad.
List of Islamabad Based Agents
Regards,
Tanveer Yousaf
Brother IB question ends on, that how to find market value of B-17/B & C nice location plot of size 30*60? to find market value of built house or home is diff story.
For Market Value of plots if you phone about 30 of real estate agents which deals in that specific Sector, then some how you can reach to some conclusion about market value, but its not the only technique, which you should trust blindly! There are some other techniques as well...
Brother Tanveer The List, which link you provided, these agents are about 1000.How you can phone all of them.May be the property in sector which you looking, they does not deal in that. You should know that which dealer deals in which sector. Otherwise this will be the waste of time.
Generally the plot rates are on the higher side. But after thorough examination and contacts with real estate agents, one can easily reach to the actual value. The search on internet can provide a good starting/ reference point. Regards
@Mushtaq, you are right and I'm agree with you but as know a good percentage of the people on this forum is internet savvy and they know how to extract the information. Checking the profile page of each agent, you get their physical addresses and easily get to know where they are working.
Especially, Featured agents will be of great help as most of them are actively dealing in broader circle of the city.
One should read Jang /The News and Dawn Class Adds daily to know the current prevailing rates on daily basis.
I have found the prices mentioned here to be fairly accurate. However you should be aware of the difference between asking price and selling price. The asking price is usually always slightly higher than the actual selling price. Therefore you should slightly discount the average of asking prices mentioned here to get the likely price of a plot.
Thank you Arshad sb for presenting your opinion and keeping the thread alive.
I agree with the original post that the asking rates on Zameen are slightly on the higher side. However, as Arshad sb has rightly pointed out, we should be aware that the prices mentioned are not the going rates but just the asking prices, and frankly, I have seen some property ads posted on both sites where ppl ask for insane prices. These rates can be used to get a general idea of price level but getting info on the prevailing price in an area requires some field work or atleast some phone work.
On internet prices r always 10 to 25% higher
Thats what the internet has helped us to get general info in real time and then further investigate on ground.
Regards
@Adeel and @Khan: Thank you for your inputs. I could not see any problem if we (seller) put actual prices on the Internet. This will help us in quickly selling our properties; there could be many other benefits.
Putting false prices over the Internet would not help us. In fact this will reduce people's confidence over Internet pries. I think putting false/increased/undue prices is somehow a morally bad thing. This is bad because if someone does not know the market value then he/she can be victimized in a sense that they would be sold properties at higher rates than market rates. Additionally, putting false prices might indicate our dishonesty or may be not. Nonetheless, advertising properties with their actual rates/prices is good I think.
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Adeel, you are rite, rates are 10-25 percent higher on internet real estate adds because most of the brokers/ dealers try to get genuine buyers mostly who are settled abroad.