At Which Step of the Property Purchasing Procedure is it Most Beneficial to check for the Most Commonly Occurring Risks ?

18.12.23 03:23 PM

… Secrets of Success: The Four Stages for Buyers Investing in Residential Real Estate Property in Turkey:  Keys steps within Stage 2 of the Property Finding Procedure…


Investors choosing the Property Finder service have the added advantage and benefit of integrated procedures for checking if the most commonly occurring risks are present on a property in the most effective manner....


  • Checking if the most commonly occurring cadastral risks are present on a property, is best done during the Property Finding procedure, before any discussion of viewing appointments, contracts, reservations deposits, advance payments, etc
  • Checking if the sales price of the property is at fair market value, or instead has been inflated by a mark-up, is also best done during the Property Finding procedure, before any discussion of viewing appointments, contracts, reservations deposits, advance payments, etc

                                

Otherwise, if a buyer doesn’t perform these checks for the most commonly occurring risks,  the seller or his agent will use all available means, to mislead the buyer into committing to the purchase, with one tactic or another, including real, imaginary, fictitious, and/or psychological .

                                

Before paying for and instructing anything for the property, it is advisable to first check IF the most commonly occurring cadastral risks do exist with a property, and if the second most commonly occurring price risk exists (artificial price mark-ups), because if risks are unacceptable, there is no point paying for anything because such costs are un-recoverable, without unexpected, additional legal costs of litigation.

Solutions: Preliminary Due Diligence PLUS+ Short Form Price Reports..

The most commonly occurring cadastral risks can be identified and checked in advance with Preliminary Due Diligence service (read more here)....

        

The  ever-present risk of artificial price mark-ups, can be identified and checked with the Short Form Price Indication report.

        

So the sequence of steps beginning in the Property Finding (Stage 2), are:

a)        Preliminary Due Diligence first, and if no risk, then:

b)         Short Form Price Checks next… 

        

…followed by viewing appointments, negotiations, contracts (if desired,  but not essential IF local procedural alternatives that are better, are applied instead)  and Appraisal Reports at the end as part of Completion and Conveyance Procedures.) .

        

Yes, it is sensible to complete the Short Form Price Check report immediately after the Preliminary Due Diligence risks have been assessed. 


Over paying on the purchase price by 10% - 50% is the second most common risk international buyers encounter.



One Key Insight into the Secrets of Successful Real Estate & Residential Property Investing in Turkiye… 


...and Why our Customers are so Happy with our Services…!

Especially Relevant when Considering the Alternatives... ! Relying on free information on the internet can be misleading.. often it is worth less than was paid for it... Nothing !  ... worse...damaging !

Independent Professional Advice has value and is usually not freely available...

Where to Find Information … ?

…the highest ranked internet search entries (those that a searcher sees at the top of the first page) contain factually incorrect and inaccurate information.

Why do Internet Searches result in Misleading Information …?

… because the results rely on huge volumes of free and inaccurate information, without the qualified knowledge, nor years of practical experience, of a bonafide expert .

How does the False Information Arrive on the internet…?

… Agents’ Practices, Social Media, Blog References & Discussion Boards, Information Created by Artificial Intelligence (AI)…

How do Internet Search Engine AI Algos Learn which Information is Correct…?

 …they do not and can not… they rely on authors to provide gradually more accurate and correct information to protect and enhance their brand reputation………

Why Does Factually Incorrect and Inaccurate Dominate Search … ?

….because the AI algos are very good at structuring the presentation of huge volumes of  information (usually freely available and often misleading)…but have no access to professional advice which is not freely provided on the internet…

Where to Find Factually Correct and Accurate Information … ?

         a more trusted source- word of mouth referrals from off-line communities….

Independent Professional Advice…        

When the world’s largest, smartest, and best performing investors want advice, where do they find it? …do they rely on agents without specific degrees, reputable experience, or professional licenses… ?

Additional Reading:


Customer Reviews and References for MyTapu 


Second Passports & Wealth Economics: Maximum Benefit for Minimum Cost: Turkey's Citizenship Investment Program (CBI / CIP


Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey 

Conveyancing

The One Source for Every Turkish Mortgage

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey 

Valuations

Property Price Histories in Turkey


 Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…
















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