Due Diligence will not guide an investor to the most profitable investment choices, but it will prevent losses, protect capital, and preserve wealth. For that reason it is essential, especially for Turkish residential real estate investments. This is because there are many risks that do not exist in other countries, because Turkish laws and business practices do not offer the same degree of consumer protection as in other countries. International investors are commonly mistaken in presuming things in Turkiye are the same as in other countries- agents’ assurances also reinforce this perception with their misleading practices.   

All the above should be done before any contractual or payment obligations are negotiated, so that such negotiations may be performed from a fully informed position. Note: Agents and any other professionals secretly sharing commissions, including lawyers) will resist this with an endless range of tactics, ploys, and tricks, including emotional and psychological efforts to gain confidence and trust (con-men) that inevitable lead even to disgracefully poor persuasive performances that could simply be described as ‘bad acting’ but truth is, they are better actors than typically found elsewhere in the world...!  More practice, perhaps...

The common mistake is to decide on a price by:

• 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:
• No Transactions:
• Incomplete Data:
• Incomplete Analytics:
• Factually Inaccurate and Unreliable
• 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

•  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. .

• • • Time Duration: Usually this price will not 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
    • Verifiable Accuracy: Clearly presented by supporting evidence.
    • Reliability for professional purposes, including International Courts’ Expert Witness Reports
    • • Without substitute, the only solution- no alternative exists.

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 mis-lead by agents.

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 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:: 

• 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

To read the full description of these reports, including the text with detailed explanations of each and every one of the above headings, bullet points, and images, please send your request for more information about Buyer's & Seller's Price Reports by sending an email to info@mytapu.com

We regret redacting some information has been necessary, because other businesses copy our webpage text and paste it onto their own websites, in flagrant violation of copyright laws. This has occurred with the displayed text information we provide for our services in mortgage finance, expert advice, transaction management, due diligence, etc  With that information the impostors pretend to speak knowledgeably as experts. This practice is followed by no fewer than a dozen firms and has been continuing for many years, by agents, citizenship consultants, transaction managers and attorneys, In this way they mislead investors into engaging their services, which is a very costly deception and mistake for investors.

Tax Alert: Transaction Tax payable on full transaction price (not understated price) is a Legal Liability Shared Equally by Buyer and Seller at 2% each