Real Estate Appraisal - Project Valuation - Real Estate Appraisal

A real estate appraisal report is made by assessing the value of a building, project, property or in other words property by experts in the field of real estate, taking into account many factors. The expert who prepares the real estate appraisal report researches many questions about the building and ensures that the result comes closest to the real value of the building.

Individuals preparing property appraisals, project appraisals, and property appraisal reports are licensed by the Capital Markets Board. There are many points in the report produced, from the property registration to the technical characteristics of the building, from the transport options to the projects in the area, from the photos of the building to the negativities that reduce the value of the building. All of these details give a clear picture of the property a person is looking to buy.

The person who prepares the real estate appraisal report first obtains the land register entry and the development status of the property to be purchased from the land registries and the relevant departments of the municipalities. After this study, regional analyzes are carried out and information about the current condition of the building is obtained. One of the most commonly used methods in real estate appraisal studies is the "precedent case" method. According to this method, a property cannot be more valuable than a property in that region and with the same characteristics as the property. For this reason, when determining the value of these properties, the sales of the properties in the area and with the same characteristics are studied in order to create real estate valuation studies more accurately.

APPLICATION REPORT IS MANDATORY FOR REAL ESTATE SALES TO FOREIGNERS IN TURKEY

With the decision taken in 2019, the General Directorate of Land Registry and Cadastre made the preparation of a real estate valuation report mandatory for real estate sales to foreigners. This procedure is expected to be applied to the citizens of the Republic of Turkey in the near future, thereby reducing the tax loss to a minimum.

People who need a property appraisal report to buy a property also make sure that there is no negative situation related to the property they are buying. The property appraisal report also provides insight into whether the person paid the right price for that property.

In the real estate appraisal report, many details such as the location of the building, its structural condition, its suitability for the approved project, the age and lifespan of the property, the zoning status and building rights, transportation features, proximity to major investment projects, the development speed of the region and the environmental conditions as well as transport and infrastructure problems can be accessed. The person who is going to buy the property can get detailed information about the building to be purchased with the property appraisal report.

PRICES AND REAL ESTATE VALUATION REPORT PREPARATION TIME

Among the questions that people considering a home appraisal report are most curious about are home appraisal report prices and the time to complete the home appraisal report. Real estate appraisal report prices can vary depending on the location of the building and the size of the building. However, the fee to be paid for the property appraisal report for an average 90 square meter building can vary from 1500 to 2500 TL. The creation of the property valuation report can vary between 1 week and 10 days after the request. After requesting the real estate appraisal report, the people can get this report in a short time and start the buying process.

With 2 Clicks.io, since the day of our establishment, we have been helping our clients to safely purchase apartments, jobs, land, plots and similar properties in Turkey and save them from negative situations. If you want to buy real estate in Turkey, you can use services of 2 Clicks, which has helped hundreds of buying and selling transactions, bringing together investors and real estate consultants, and you can find answers to your questions.

Türkmen Mahallesi, Saçıkara Sokak, B-Block NO. 21 B, Kuşadası-Aydın, Turkey. You can reach our company based in Turkey on phone number +90 (544) 443 46 24 and quick call via WhatsApp. You can send an email to 2Clicks.io via [email protected] and get detailed information about our work.

 

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