Real, Factual, Accurate Data... for Fully Informed Decisions...
Market Intelligence Reports…For Buyers and Sellers
In this article, explained in image text…
- The Common Mistake is Always Costly
- No Official Source of Transaction Prices Exists in Turkiye…
- How to Discover Real, Factual, Accurate Market Prices…?
- Accurate Solutions
- Specific Factors
- The Result- Saves Thousands……
- The Market Intelligence Report
Click arrow on right side of image below to move to next image,,,
Additional Reading- Articles and Web Pages...
- Property Valuations & Appraisal Reports (5 articles)
- Property Price Trends in Turkiye
- Read more details in articles...
Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...
At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around.
Building Trusted Relationships is Building Our Business...!
#mytapu mytapu #Property #Turkey #Secrets #Success #Howto #Steps #Price #Valuations #LegalHelp #DueDiligence mytapu.com #mytapu.com #TRUST #testimonials #REFERENCES #scam #legit #reviews #complaints #checks #review #experience #customer #client #mytapu.com #trustpilot #scamadviser #fees #corruption #my #Tapu #TurkeyProperty #PropertyTurkey #RealEstate #Turkey #property- #online #on-line #portals #Tax #Property #Turkiye
Market Intelligence Reports: Buying Price & Selling Price
For both a buyer and a seller of property, a key consideration is deciding the price. Each has different considerations....
The Common Mistake is Always Costly…The common mistake is to decide on a price by:
- Relying on agents for recommendations is a mistake, because their practice is to recommend a price that suits them best, for collecting their commissions quickly, and for maximizing their hidden profit, by secretly taking a share.
- Relying on ad-hoc information obtained from prices shown on websites and agent’s shop windows are also misleading and unreliable because they do not provide an accurate representation of real, factual market prices.
- ·Over-Inflated Prices: Instead, the prices are over-inflated. At those prices the properties do not sell for a year or longer. There is a vast overhang of properties on the market over-priced in this way.
- ·No Transactions: In many locations on the Turkish coast, two or three years passed since the pandemic times when no transactions occurred. In such situations, the true market price cannot be seen from transaction prices, nor from agents; listing prices of properties for sale. .
- ·Incomplete Data: In addition, the properties listed by English speaking agents at their shop windows or on their website are only a tiny percentage of the total number of a specific location & type properties in the market as a whole. Checking prices on 20 of these type of websites is only going to obtain a view of a tine proportion of less than 5% the market.
- ·Incorrect Analytics: Using agents’ listing prices does not provide a rough approximate idea of true market price, because the data analytics and econometric techniques required for discovering the true market price have not been applied.
- ·Factually Inaccurate and Unreliable: For the reasons above, it is clear that relying on agents advice and listings is a mistake and does not provide factually accurate and reliable data to obtain the true market value price of a specific property.
- ·Distorted Statistics: Relying on prices from appraisal reports is also misleading because these reports rely on price averaging and/or indexing practices for all properties in a wide region and are thus distorted
No Official Source of Transaction Prices…
None of the above provide the real, factual market price of a property. And because there is no official recorded source of property price transactions in Turkiye, not even at the Land Registry, there was previously no solution.
To the poorly informed buyer or seller, it may seem a simple task to find the true market value of a property by casual observation looking on the internet - but in reality, that approach reveals ignorance, which can be very costly. A ‘rough, approximate idea’ of property prices obtained in this way is always a minimum of 15%-25% inaccurate. That is money lost,
How to Discover Accurate, Real, Factual Market Prices…?
Without transaction prices to reveal recent, current purchase and sale pries, and without an official source of such data, there is no information for a buyer or seller to roughly or approximately know the true market price of a property, in order for buyers to decide their bid price, and sellers to decide their offer price.
In addition agents’ listing prices never reflect a number of other factors that must be taken into account to discover price, typically related to the specific property, specific location, and other specifics. Usually buyers and sellers are not aware of these factors, but if they are, finding the information is impossible for all practical purposes. Read about these below.
Accurate Solutions…
For this reason MyTapu Associates applied their expertise to developing a technique for discovering the true, factual market price of any property at a specific date in time. The technique relies on MyTapu’s private in-house know-how, experience, and specially developed tools:
- Data Science: Data sourcing discovery, formatting, and collation by using specifically designed & developed tools:
- Econometric Techniques: Price discovery from real exiting supply and demand data in the market of buyers and seller.
True market priceis defined as next transaction price following most recent transaction prices. In many locations on the Turkish coast, two or three years passed during the pandemic times when no transactions occurred. In such situations, the true market price cannot be seen from transaction prices, and can only be seen from the same supply and demand economics that produce transaction prices.
The result is a Market Intelligence Report that reveals true market price, discovered by using a combined tool set:
- True Market Price: Determines the true market price of a property on any day.
- Time Duration: Usually this price will won’t change for a week or ten days, except in high-density urban locations such as Istanbul.
- Competitive Comparisons: Identifies all similar properties that a seller’s property is competing against, or that a buyer may choose between as an alternative.
- Bargaining Power: Essential for negotiating, and keeping up-to-date with transactions that lead to price changes.
- Future Prices: Predicts next series of transaction prices in the near term.
The Market Intelligence Report is:
- Verifiable with accuracy clearly presented by supporting evidence.
- Without substitute, the only solution- no alternative exists.
- Reliable for professional purposes, including International Courts’ Expert Witness Reports.
.
Specifics…
Part of the reason why a ‘rough, approximate idea’ of property prices is always a minimum of 15%-25% inaccurate', is that there are specific factors that must be taken into account. These include the specific property, the specific location, and other specifics. A buyer or seller is not aware of these specific factors, but if they are, finding the information is impossible for all practical purposes.
Investors benefit from MyTapu’s Market Intelligence Reports and now have key knowledge available in a report for a specific property that serves the different purposes for both a buyer’s decision on what price to buy, and a seller's decision on what price to sell. The factors in the decision-making process differ between buyers generally and sellers generally. The different types of questions arising are answered with solutions for the most common issues and challenges facing buyers generally, and facing sellers generally, by two different types of reports:
- Buyer’s Bid Price Report shows the different price levels for a specific property, timing considerations, and impact on forecast future re-sale prices and investment returns.
- Seller's Offer Prices Report: shows the different price levels for a specific property, timing considerations for a fast sale versus a patient sale, and impact on net expected sales proceeds, etc.
The Market Intelligence Report reveals factual information about real market conditions, and measuring the premium or discount applicable for each specific circumstance, by supply and demand.
The Specific factors are summarized as ( ask why items in this list impact a property's price: email us at info@mytapu.com)
Transactional practices
Price discount conditions,
Common practices for 'gross' versus ‘net’ transaction pricing
Property specific factors
Existing price range fluctuations
Seasonal factors
Timing considerations regarding acting now or scheduling for the future
Permits
Site management charges & issues
Insurance considerations
Local environmental factors
Rental prices and trends
Existing supply entry prices and exit prices
Owner specific factors
Nationality
Local population & community demographics
Credit, leverage, repossessions, distress procedures & timelines
Macroeconomics
Trends like currency devaluation rates, interest rates.
Overseas market conditions
International and national demographic and life-cycle trends
Government policies and incentives
Taxes & fiscal factors
Solution Result – Saves Thousands…
Negotiating Power: These reports are ‘pure gold’ because they ensure a buyer or a seller is fully informed. If only one side of the transaction, only the buyer, or only the seller, has the information in the report, they will have what is referred to as an ‘asymmetrical’ advantage in transaction negotiations.
Alternative Opportunities: The real, accurate, reliable, price data for all comparable and competing properties is shown in the report. This ensures the buyer or seller will always know what price level the next buyer or seller is at, and alternative properties are at, and thus protect their money, in concluding a sale or purchase.
Loss Prevention: The ‘asymmetric’ advantage is what agents attempt to monopolize so they may profit from hidden price manipulation. A buyer or seller having the report, removes the agent’s advantage, thereby avoiding agents’ hidden profiteering. The result ? Saving thousands by avoiding mistakes and being mislead by agents.
Investment Success is not Luck
Investors that allow their capital to be diminished by not being fully informed, have less capital to reinvest, and eventually are no longer investors. Failure to protect capital and preserve wealth is not a formula for success- no amount of luck will save them.
Serious investors do not settle for anything less than the best available investment advice. From experience they have learned there is no substitute. Today even the smallest investments of less than USD 100,000 can benefit from real investment expertise, and not be trapped by relying on the opinions and sales jargon of unqualified investment recommendations from agents, lawyers, citizenship consultants, bankers, etc
Successful investment is not a random, abstract skill, nor is it luck. Maximizing risk-adjusted returns on investment requires investment analysis with specific, detailed, practices, and investment execution with experienced transaction management.
Investment Services…
Analyzing an investment always includes measuring past price performance, and forecasting future prices MyTapu Valuation Services provide the essential know-how for Market Intelligence Reports, not available anywhere else::
- Data Science:
- In-house, private, data sourcing tools
- In-house, private, data analytics for cleaning and collating data.
- Econometrics: in-house, private econometric frameworks, understanding, interpreting, and forecasting..
All above have been developed during the 35 + years of MyTapu Associates providing professional business services, by highly qualified experts with PhDs, multiple professional licenses, extensive experience working in the world’s leading institutions. This expertise also meets an essential requirement of being multi-disciplinary… in real estate and all other asset classes, in appraisals, accounting, law, banking & finance, economics, in addition to investment management. MyTapu Associates have been providing investment services to the world’s largest, most successful investment fund managers for their investments in Turkiye since 1989. This caliber of expertise is now also available to private individuals investing in Turkiye.
Request more information about Buyer's & Seller's Price Reports by sending an email to
