Real Estate Valuation Appraisal Property Reports in Turkey...

Gayrimenkul Değerleme Eksper Raporları....

Members of mytapu.com management were on the advisory team appointed by the World Bank Institute and the OECD in 1996 to assist the Turkish Government in the creation of the real estate appraisal system and the professional standards of certified appraisers that function today in Turkey.

Appraisal Reports are Now Mandatory for Foreigners Buying Property in Turkey....

Turkey’s Tapu and Cadastral Administration’s regulation requiring appraisal reports for the purchase of real estate by foreigners.


 

 Short Form Valuation Price Indicatıon

 


Need a quick idea of real market prices (not agents' fantasies) so that you may be fully informed as negotiations begin...? If a buyer wants to quickly obtain a valuation price indication without waiting for several days, and paying the full price for a full multi-page Eksper appraisal property valuation report, mytapu.com can provide a valuation price indication that utilises the same methodology as the full appraisal report. 


To obtain your short form Valuation Price Indication, simply state property type, location, & size (for example, 3+1; 120 m2) email to info@mytapu.com and request, 'Short Form Price Indicatıon'... 

 
Short Form Valuation Price Indication for Istanbul & Coastal Regions of Turkey

 Price History Report

 

Market Prices - Not List Prices !

Make a better investment decision with market price information...request specific location, property type, etc. Understand current market prices that have transacted between buyers and sellers... NOT agent's advertised list prices...! Get specific price information: for example, a 3 + 2 villa in Olu Deniz.... Provided in TL, USD, EUR, GBP, RUB.   


To obtain your Property Price History, simply state property type, location, & size (for example, 3+1; 120 m2), and email to: info@mytapu.com and request 'Property Price History'... 

 
Property Price Histories for Istanbul & Turkey (Kadikoy, Besiktas, Bakirkoy, Fethye, Bodrum, Alanya)  2018 - 2019

Professional Market Price Intelligence

Professional Property Price Market Intelligence Turkey
Investment Price Intelligence for Buyers Sellers

Professional Market intelligence


Accuracy: Factual & Analytical


Property Price Intelligence - Ideal for: 

  • Checking  & Controlling  Eksper Valuations
  • Seller's Price Setting
  • Buyer's Discount Bargaining


Supply stratu segmentation, cluster identification, valuations based on multiple methodologies and multi-variable financial modelling: comparative sales, rental yield, life of asset, foreign exchange and inflation adjusted forward capitalization rates, etc A complete tool kit for supporting investment analysis, pricing, and investment decision making...  

 Preliminary Due Diligence & Negotiations

Generally a buyer would be wise to have preliminary enquiries completed on a property before instructing an Eksper appraisal valuation property report. Doing so can avoid the unnecessary time, effort & expense of negotiating on a property that is defective in some way. An expert on the Team at mytapu.com will know what documentation to request, and by doing so, as part of the negotiation, is able to understand better the compliance issues of the property, before instructing a full report, and thus avoid Report costs, and wasting time and effort, with problematic properties.... Email: Advice@mytapu.com and state Negotiations & Preliminary Due Diligence..


The key points about ‘what’ it means to ‘Buy Like a Local’, and ‘why’ it is essential, are explained independently, by an outside commentator, and lifelong property investment professional, in this article discussing ‘The Guide, How to Buy Property in Turkey’…

 Quality Control of an Appraisal Report

Appraisal reports have been known to be inaccurate for the simple reason that appraisers are under pressure with heavy workloads and sometimes use shortcuts that effect the valuation accuracy. This 'Quality Control' service ensures the final output report complies with the methodology and standards of accuracy required.  The pprocedure that may be applied is similiar to a post-report audit, but to be truly effective, the process must begin BEFORE the appraisal report (Eksper Rapor) is instructed. Often a Quality Control is neccessary in a quiet market where prices are depressed.  Contact the experts at mytap.com to learn more about how this process can serve your purposes, by sending an email to info@mytapu.com with the subject line   'Quality Control of an Appraisal Report.... 

 
 
Property Buyers' Wiki Guide for Turkey
Property Buyers' Wiki Guide for Turkey
Beautiful Properties
Beautiful Properties
 

 A Caution for Buyers about Eksper Appraisal Property Reports...

An Eksper appraisal valuation property report on a property provides information and data: it is not a ‘recommendation to buy’; it does not state or ‘prove’ that the property is legally compliant; it is not a ‘certificate of approval’.

An Appraisal Report provides many types of factual information about a property. It does not state whether that factual information about the property is acceptable for buying the property. To understand what is acceptable, and what is not acceptable and likely to cause problems in the future, the advice of an experienced professional is ESSENTIAL. And if the report is in Turkish and the buyer does not speak Turkish, then it would be very risky  for a buyer to believe what an agent, developer, or seller, translates the report as saying.


And just as importantly, appraisal reports must provide information about a list items. However, the information provided may not always be consistently clear: it may be phrased to be a little unclear, or ambiguous, general, and subject to interpretation. In other words, it is possible to communicate information in ways that comply with reporting requirements, but are not 100% clear, and require further clarification. In the Turkish language, there is an entire grammatical tense that provides this way of expressing things! 


And just as importantly, appraisal reports must provide information about a list items. However, the information provided may not always be consistently clear: it may be phrased to be a little unclear, or ambiguous, general, and subject to interpretation. In other words, it is possible to communicate information in ways that comply with reporting requirements, but are not 100% clear, and require further clarification. In the Turkish language, there is an entire grammatical tense that provides this way of expressing things!  

 

An experienced advisor will know in advance which issues are likely to be a problem, and can instruct the Eksper in advance about specifically how much detail about such items the Eksper should provide in the report.


For these reasons it is important to request an Eksper rapor directly from the appraisal experts at mytapu (please complete the form below). If mytapu has instructed the licensed Eksper that is making the report, then mytapu can request clarification, alterations, etc, to the report. If mytapu has NOT instructed, mytapu can NOT. So it’s important to have mytapu instruct the Eksper company, and apply oversight to the methodology they apply: this is what is meant by ‘quality control’. That way if anything things need checking out or clarifying, the Team at mytapu can take care of it for you, before you stumble into buying a property without the full information. Contact us today for more information at info@mytapu.com and include your WhatsApp or Viber number to receive a call back… 



 Independent Professional Advice is ESSENTIAL...

Independent Professional Advice for Eksper Appraisal Property Reports  is ESSENTIAL...

The new regulations require that foreign buyers must receive an Eksper appraisal valuation property report on a property they are buying. The report provides information and data: it is not a ‘recommendation to buy’; it does not state or ‘prove’ that the property is legally compliant; it is not a ‘certificate of approval’. The information in the report needs to be assessed by an expert, to ascertain what risks exist, and whether fully compliant legally. If the report is in Turkish and the buyer does not speak Turkish, the assurances of an agent, developer, or seller, or a verbal interpreter or translator introduced by them, should absolutely not be relied upon.  

 

Expert advice is essential to assess the wide range of topics covered in the report. For example, what to do if the cadastral boundaries do not correspond and match with the boundaries on record at the municipality ? Or for example, recently the Turkish government issued an ‘amnesty certificate’ for hundreds of thousands of properties that did not have the full legal utilisation licenses. So if the property you are buying has an ‘amnesty certificate’, what does this mean? What will be the consequences? What will be the obligations of the new owner? What procedures and costs are implied…? Who to ask, who knows…? The seller, agent, developer, lawyers, appraisal experts do NOT know…because it is a very specialised subject with new procedures.. Fortunately at mytapu.com there are experts that are dealing with such matters on a daily basis on behalf of dozens of existing foreign property owners, and they DO know….

 

These are two common examples of recurring issues, among many risks, and some are more serious. The remedies and consequences depend on the specific circumstances of each property. An Eksper appraisal valuation property report ensures only that these issues are identified and made known to the buyer. What the buyer chooses to do with that information is entirely their responsibility. Independent professional advice is essential….  Contact us today for more information at info@mytapu.com and include your WhatsApp or Viber number to receive a call back…

 Eksper Appraisal Valuation Property Reports...

 
Valuations, Appraisals, & Eksper Raporlar
Appraisal Experts are licensed by the Turkish Capital Markets Board

An essential aspect of Appraisal Reports is that the Appraisal Expert must follow a specific methodology and practices. This ensures the reports can be used as comparisons and as reference benchmarks. In some instances the application of the required methodologies and practices is subject to question. For this reason the Specialists at mytapu.com are capable of providing quality control to the process to ensure the results meet the standards required. Our Specialists are capable of doing this because of in-depth knowledge, gained from being on the World Bank team in the 1990’s that advised the Turkish Government how to establish Appraisal Methodologies in the Turkish real estate sector, and a Professional Association of Appraisers.



 

Valuations in Turkey take the form of Appraisal Reports. These are prepared by trained Appraisal Experts, and a report is known as an Eksper Rapor.  These experts must have received training and certification to then become licensed by the Turkish Capital Markets Board, which is the financial services regulatory agency. Appraisal Reports are the industry standard for real estate business in Turkey, and are used by banks, insurers, and government agencies. An Appraisal Report, or Eksper Rapor, establishes price valuations that are officially recognised, and by all parties. There is no other form of valuation, other than private estimates, agents estimates, and guesswork, and these are not recognised, or valid for any legal or practical purpose.

Providing much more than simply market price and liquidation price valuations, Appraisal Reports also provide a great deal of other information, essential for full disclosure and transparency about a property’s particulars. An 'Eksper Rapor' is usually not less than five pages, and in addition to price information of the last 3-5 transactions of properties of similar size, quality, and location, also contains aerial photos,  pictures of the property, key permit documentation references, and essential cadastral information . For more information about Appraisal Reports, please click here.

Should you wish to confirm or verify ALL the essential official property particulars of your real estate in Turkey, please request an Appraisal Report in the enquiry form below.


Contact us today for more information at info@mytapu.com and include your WhatsApp or Viber number to receive a call back…

Please provide a clear and readable scan of your TAPU in pdf format or one foto wre the form requests  'File upload here'.

 

     

Due Diligence Mitigates Risks and Saves Thousands...Eksper Appraisal Reports are an Important Part, but Not Sufficient to be Relied Upon on Their Own..
Due Diligence Mitigates Risks and Saves Thousands...Eksper Appraisal Reports are an Important Part, but Not Sufficient to be Relied Upon on Their Own..

     

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Contact Us...

Learn more by sending a email to info@mytapu.com and include your WhatsApp telephone number to receive a free complimentary call back. WhatsApp can be downloaded here:  https://www.whatsapp.com/download .

 

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