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When you are buying or selling a property in Turkey, you will need to have an appraisal report done. This report will tell you the value of the property, based on its location and condition. We will inspect the property and look at recent sales of similar properties in the area to come up with a value.
The appraisal report is a very important document, and you should make sure that it is accurate. If there are any discrepancies between the report and the actual sale price of the property, it could cause problems later on. We will provide you with a copy of the appraisal report before you buy or sell a property in Turkey.
In Turkey, all properties must be evaluated by a professional appraiser every five years in order to ensure that the owner is paying the correct amount of property tax. The last two mandatory valuations took place in 2014, and 2019.
The evaluation process is carried out by the General Directorate of Land Registry and Cadastre (GDLRC), which determines the value of each property based on its size, location, and condition. Homeowners are not allowed to perform their own evaluations, and they are not allowed to appeal the GDLRC’s determination.
The purpose of mandatory property valuations is to ensure that everyone is paying their fair share of property tax. In addition to ensuring fiscal equity, valuations also help to protect homeowners from overpaying or underpaying on their taxes.
There are three main methods of appraising property in Turkey: the comparative method, the income method, and the replacement cost method.
When you are looking to buy a property in Turkey, it is important to get a valuation report done on the property. This will give you an idea of the worth of the property and whether or not you are getting a good deal. We offer these reports in Turkey.
The report will include information on the history of the property, recent sales in the area, and an estimate of what the property is worth. It is important to get this information before buying a property, as it can help you negotiate a better price. Additionally, if you ever need to sell the property, having a valuation report will help you get a better price for it.
When looking to invest in property, it is important to get a feasibility report done to ensure the investment is sound. We offer this service.
The report will look at things like the local market, zoning and development restrictions, and potential for returns on investment. This information is essential in making an informed decision about where and what to invest in.
The reports are typically quite detailed, and will include maps of the area as well as photos of potential development sites. They will also outline the risks associated with each investment, so investors can make an informed decision about whether or not to proceed.
It is important to note that these reports are not guarantees – they are simply estimates based on current information. However, they can be a very valuable tool in making an informed decision about where to invest your money.
We can provide you with a quick and accurate appraisal of your Turkish property within just a few days. We have over 15 years of experience in the Turkish real estate market, and our team of experts are fully qualified and experienced in appraising all types of properties.
We understand that when it comes to buying a property, time is of the essence, so we will work quickly and efficiently to get you the appraisal that you need.
Contact us today for more information or to get started on your appraisal.
Whether its a short term rental, or you’re looking to buy your dream home, get in touch with the team today.