What is the importance of real estate appraisal in the process of buying a property in Turkey?
Last Updated: 2023-07-27
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What is the importance of real estate appraisal in the process of buying a property in Turkey?
Whenever you decide to buy a property in Turkey, you should try to familiarize yourself with all the subtleties and matters related to the affairs of that property before and after the purchase process and in all the details. And if you do not know much, you can seek the assistance of those who are all experienced and knowledgeable in order to guide you on everything you do not know about. In the midst of all the important matters and details, a certain paper appears to us that must be obtained in order for the process of your purchase of the property to be sound within a legal scope, which is the real estate appraisal paper, which carries many mysteries. If you want to know them, you will have to read the following article.
What is the real estate appraisal paper in Turkey in its general form?
When you decide to buy real estate in Turkey, you must know that in order for the purchase process to take place correctly without any manipulation, you must know that obtaining a real estate appraisal paper is one of the basic conditions that cannot be dispensed with due to any excuse. And this paper that is required to be obtained is not one of the arbitrary conditions. On the contrary, it is something that is in your interest as a real estate buyer. And you should know that to obtain this paper, you will not find any difficulty or obstacles. Any real estate company can coordinate it for you and then take it to the notary clerk in order to stamp it for you and thus become ready to be submitted to the concerned authorities in this regard. In more clarification on this document, it becomes clear to us that you may have to wait four days until it is in your hands, and this is not a long time. As it turns out, its affairs are going as they should and without causing you to be disrupted.
Why is the Turkish state so eager to get a real estate appraisal paper when you buy real estate on its land?
We have already mentioned that the main objective of imposing this matter lies in preserving your full right, ensuring that the property is actually appropriate for the price that was requested for it. On the other hand, it prefers it to be done in order to be sure of its price, whether it is two hundred and fifty thousand US dollars and above or less than this, because the issue of the price will be asked about when you request to obtain Turkish citizenship. Among the details we present, you should know that this document must be extracted, whether you intend to sell or buy the property. Foreigners are stressed upon a lot in this matter because they do not have much information on this matter, unlike Turkish citizens.
Is there any benefit to the Turkish state as a result of issuing a law that requires obtaining a real estate appraisal paper?
Of course, Turkey is the largest beneficiary of the real estate appraisal paper that is imposed on investors and those who want to buy real estate can obtain it, because in this case it prevents manipulators from escaping from paying the taxes incurred by them, as it sometimes happens. Finally, through this real estate appraisal, it can reveal the scattered weaknesses in the real estate of its country and thus work to treat them permanently, so it does not have defects or collapses because it works on maintenance and permanent repairs, and this is in the interest of both of sides.
Is there specific information that you can find in the real estate appraisal paper in Turkey?
It is certain that you will find in this evaluation sheet a lot of different information, especially those related to the property such as its location, the area it occupies in the city, the external structure of the property as a whole and the internal structure of the property such as its total area, for example, and the area of each section separately and the services surrounding the property, all this determines the level of luxury that it enjoys. Also, all the information that is found in the title deed and information about the title deed of the property itself, its type and everything related to it is written on the real estate appraisal paper. You must also know that this document will include all the pros and cons of the property without increasing or decreasing. If you do not like what is written in it, then you can give up the idea of purchasing very easily. And of course, one of the most important information that you can find in it is the exact price of the property, here you guarantee your right accurately as well. Finally, there are some other secondary information that will be mentioned. In general, this paper does not leave any tiny piece of information without being mentioned.
Who benefits the most from obtaining a real estate appraisal paper in Turkey?
The person who benefits most from this document is the person who is always afraid of what might happen to him from the purchase process. He is the person who makes the vacillating decision, who does not trust what he sees with the eyes only, but needs evidence and proofs to prove everything to him.
It is very nice to find a country that is keen to guarantee your right and its right at the same time. The idea of that document was the instrument of safety for you, so do not compromise in not obtaining it in exchange for saving some money for extracting it.
Edited by Mersat Real Estate Team ©
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