The process used by the mytapu.coms ‘Standard Service’ ensures the best possible properties are selected for professional foreign investors in several ways.
Step 2 of mytapu.com’s ‘Standard Service’ is the Property Search and Selection Service, applying the following procedures:
a) Location Assessment to meet the investor’s financial objectives: rental yield, capital protection, and capital returns. Investors may choose to augment this with a relocation assessment to receive guidance for meeting life-style and life-cycle priorities.
b) Top Five Asset Profiles: Selection of appropriate rental income, capital risk and reward parameters suitable for each investor’s specific objectives are recommended after consultation fact finding to define an investor’s risk tolerance. The top five performing market selections are identified by research and market intelligence, as described below.
c) Rental Rate Survey: In a specific Asset Profiles location, format, etc, a survey of present day-to-day property rental rates is used to produce a report showing all properties for rent in that location, format, etc. This report identifies the high, low, and mid bands of rental rates, capital values etc This is the total supply of property for rent on the market at that time, for this Asset Profile, in that location and format etc
d) Property for Sale Survey: In a specific Asset Profiles location, format, etc, a survey of present day-to-day properties for sale on the market is used to produce a report showing all properties for sale in that location, format, etc. This report identifies the high, low, and mid bands of prices of ALL properties for sale on the market. This is the total supply of property for sale on the market at that time, for this Asset Profile, in that location and format etc this is professional market intelligence in the form of a Short Form Price Indication Report.
e) Off Market Networks: Upcoming properties that are not yet for sale but expected to be placed on the market for sale during upcoming weeks are identified through mytapu.com’s private networks. The private networks include bank repossessions, other debt workout foreclosure distress sales, property auctions, corporate networks and mytapu’s network of more than 3,000 investors that have been advised previously on their property purchases by mytapu.com’s advisors.
f) Seasonal Factors: The two best times of every year to buy property in Turkey are those two times when the sellers are most eager to sell and most willing to accept discounted prices. The Property Search & Selection Service provides buyers with guidance on how to plan in advance to take advantage of these times, and the negotiating tactics to apply, in order to invest at the best prices and thus achieve the best rental yields.
The market intelligence described above provides the investor a comprehensive view of both a) properties on the market for rent and the rental income rate, and b) properties on the market for sale, and the listing prices. This is the total supply available on the public market for both rent and for sale.
With the information above, the investor may compare the investment merits of different properties to any other property offered anywhere else in Turkey, and make comparative analysis of the relative merits of different locations, Asset Profiles, formats etc. That work has already been done by mytapu.com’s Investment Research Team, and the results are summarised and ranked in the top 5 Asset Profiles recommended.
This procedure ensures the best possible results possible.
Step 3 of mytapu.com’s ‘Standard Service’ is the Negotiation and Due Diligence Service, ensuring quality control, by applying the in-depth risk assessment practices to the property purchase transaction. This includes examination of the key aspects of the investment: legalities, and contracts (purchase and rental); counterparties, third parties, and all aspects of the property: planning, zoning, construction, and utilisation permits; infrastructure and local urban plans; cadastral and mapping; title search; liens, mortgages, court judgement enforcement attachments and other encumbrances; structural and fabric appraisal, etc; and transaction procedures, completion, and settlement.
In other words, the quality control is applied to not just the important aspects of the property asset itself, but also to the key aspects of the investment transaction.
All of the above ensure the investor is achieving the best capital utilisation and yield for their investment. The investor may check the data for themselves and compare. These practices comply with mytapu.com’s policies of Full Disclosure and Transparency, empowering investors with the ability to make fully informed decisions.
In this way mytapu.com’s ‘Standard Service’ provides foreign real estate investors in Turkey with the same high professional standards of investment management that institutional fund mangers demand when making investments in the residential real estate in Turkey.
Most importantly, this professional standard of service, and the services themselves, are not offered by any other firm in Turkey for private client, individual, non-institutional investors. With more than 30 years experience of the residential real estate market in Turkey, and access to the latest technology for taking advantage of the increasingly digitalized Turkish real estate market, the Transaction Managers at mytapu.com are positioned to provide the best available service for maximising real estate investment returns in Turkey.
This is why they say, the mytapu way, is a better way of buying property in Turkey!
Learn more by email to firstname.lastname@example.org with the subject line
'CBI Financial Assets' and include a WhatsApp or Viber number to receive a complimentary call back…
#CBI #CIP #Turkey #Citizenship #Residential #Real-Estate #Property #Istanbul #passport #rental #yield #capital #risk #investment #citizenshipbyinvestment