And What is the Best Way to Find the Answer...?
This is often the first question asked by a property owner considering whether to sell their property. To find the answer, the owner may look on the internet at agents' property listings to check prices, and then perhaps call an agent… but the agent may know the prices of his own listings and maybe the prices of properties listed by two or three other agents which all-together may comprise 15-20% of the total of similar properties listed...but not ALL of the similar properties listed in the whole market.... These were the normal steps before the digital era. Now days in the digital era, Turks instead use the property portals (not agents’ websites ! ) to find the answer, because two or three portals provide a view of 95%+ of all ALL similar properties for sale in the whole market. So the smart way to answer the question, is the way local Turks find the answer... by using the portals.
Unfortunately for non-Turkish speaking property owners, using the Turkish language property portals is not easy. And using the portals search features to find comparable properties of similar location and size quality etc is also difficult. For these reasons the simplest way to find out how much a property is worth, is to use one of the valuation services provided by MyTapu Associates. These services are performed by experienced professionals performing the task repeatedly and so are able to provide accurate information quickly and cost effectively. Having full and accurate information is the key to making fully informed decisions, and so is the best way to ensure making the best decision.
Using these services also makes the answer reliable, in comparison to relying on an agent. This is because agents will typically inform the owner their property is worth less than the true market price, so that when the agent sells at the market price they can put in their pocket the profit difference between the market sales prices and the price the owner has agreed to receive for the property. This is the traditional practice of agents in Turkiye. So obtaining the true market price can ensure the owner of a better prospect of receiving close to the full and true sales value, instead of USD 5,000 to USD 20,000 less, which are the typical profit margins agents expect from these hidden price mark-ups, in addition to their commissions of 2-3%.
Ask MyTapu today for a sales price valuation of your property by emailing info@mytapu.com. There are two standard types of valuation reports available: the first is a short-form report providing an approximation of the sales value based on nearest comparable similar properties; the second is a market intelligence report that provides a list of specific properties and their prices that are on the market for sale and which a buyer would consider buying as a substitute, instead of buying the owner’s property. The first report provides the general and accurate price view, and the second report provides a specific picture of which other properties the owner is competing with in order to achieve a sale of their own property, and so enables the owner to adjust his/her listing price. Both reports are based on up-to-date market data for specifically comparable properties (not average prices of the best and worst properties in a location which are misleading because average prices can vary 20%+/- and thus are not accurate). The reports apply methodology based on fundamental supply and demand analysis, only available from the experts at MyTapu.
Additional Reading- Articles and Web Pages...
This is often the first question asked by a property owner considering whether to sell their property. To find the answer, the owner may look on the internet at agents' property listings to check prices, and then perhaps call an agent… but the agent may know the prices of his own listings and maybe the prices of properties listed by two or three other agents which all-together may comprise 15-20% of the total of similar properties listed...but not ALL of the similar properties listed in the whole market.... These were the normal steps before the digital era. Now days in the digital era, Turks instead use the property portals (not agents’ websites ! ) to find the answer, because two or three portals provide a view of 95%+ of all ALL similar properties for sale in the whole market. So the smart way to answer the question, is the way local Turks find the answer... by using the portals.
Unfortunately for non-Turkish speaking property owners, using the Turkish language property portals is not easy. And using the portals search features to find comparable properties of similar location and size quality etc is also difficult. For these reasons the simplest way to find out how much a property is worth, is to use one of the valuation services provided by MyTapu Associates. These services are performed by experienced professionals performing the task repeatedly and so are able to provide accurate information quickly and cost effectively. Having full and accurate information is the key to making fully informed decisions, and so is the best way to ensure making the best decision.
Using these services also makes the answer reliable, in comparison to relying on an agent. This is because agents will typically inform the owner their property is worth less than the true market price, so that when the agent sells at the market price they can put in their pocket the profit difference between the market sales prices and the price the owner has agreed to receive for the property. This is the traditional practice of agents in Turkiye. So obtaining the true market price can ensure the owner of a better prospect of receiving close to the full and true sales value, instead of USD 5,000 to USD 20,000 less, which are the typical profit margins agents expect from these hidden price mark-ups, in addition to their commissions of 2-3%.
Ask MyTapu today for a sales price valuation of your property by emailing info@mytapu.com. There are two standard types of valuation reports available: the first is a short-form report providing an approximation of the sales value based on nearest comparable similar properties; the second is a market intelligence report that provides a list of specific properties and their prices that are on the market for sale and which a buyer would consider buying as a substitute, instead of buying the owner’s property. The first report provides the general and accurate price view, and the second report provides a specific picture of which other properties the owner is competing with in order to achieve a sale of their own property, and so enables the owner to adjust his/her listing price. Both reports are based on up-to-date market data for specifically comparable properties (not average prices of the best and worst properties in a location which are misleading because average prices can vary 20%+/- and thus are not accurate). The reports apply methodology based on fundamental supply and demand analysis, only available from the experts at MyTapu.
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