How to extract real estate appraisal document in Turkey?
Buying real estate in Turkey is not a simple thing that is easy to deal with and at the same time, it is not a difficult thing. Rather, it is an easy thing that requires wise management, thoughtful treatment, and many things that must be taken into account. One of the most important things to be aware of when buying real estate in Turkey is the real estate appraisal document, which is one of the essential elements that cannot be dispensed with. But where is its importance? How can it be obtained? What are the most important details about it? All these points will be clarified through the following lines.
What is the main function of the real estate appraisal document in Turkey?
1- At the outset, this document is important because it protects the property buyer from being a victim of real estate fraud or manipulation of real estate prices in Turkey, as it determines the price of the property with extreme accuracy. Thus, the buyer will be away from the possibility of material losses.
2- Its function is to give safety to the buyer. As a result of its great importance, we see today a great demand for real estate ownership in Turkey.
3- The Turkish government imposed it in order to control the prices of real estate through which it is intended to obtain Turkish citizenship. The buyer cannot manipulate the price and claim that the price of his property is two hundred and fifty thousand US dollars or more.
4- In addition, it limits the possibility of evading real estate taxes. The owner of a luxury property cannot register his property at a value less than its real price in order to pay a simple tax.
5- It is important to realize that this document played a major role in the urban development and real estate revolution that Turkey is witnessing today, as it contributed greatly to the fact that real estate prices in Turkey are low despite their quality and keeping pace with global modernity and thus competed with European countries.
What is the information included in the real estate appraisal document?
It includes all the details related to the title deed of the property/information related to the property. Its exact address / the services that are located near it.
It also contains the most important legal information related to the property / its interior specifications and quality / the floor on which it is located / the view it enjoys.
In addition, it contains all the negatives and problems that may be related to the property / and finally the price of the property with great accuracy.
What is the motive that made the Turkish state impose a real estate appraisal document on those who buy real estate in Turkey?
-In the beginning, this document was mandatory for everyone who wants to obtain Turkish citizenship through real estate ownership.
- But later it became a duty for everyone, whether the purpose of buying it was to obtain Turkish citizenship or not. Because it had a positive impact on the Turkish real estate market in a large way.
It is important to realize:
- Obtaining this document is very easy, as this can be done in a maximum period of one week, and in some cases, it may not take three days.
- It should be carefully noted that this document is granted by authorized official companies with an official power of attorney, and others are not entitled to do so. There are many real estate companies that have the authority to issue real estate appraisal reports.
-We must also be well aware that this document is valid for a period of three months from the date of its issuance only, and if it is needed after this period, another one should be extracted.
What are the criteria that must be met by the companies that issue the real estate appraisal document?
it must depend on global technologies, it must be honest and transparent. If there is any defect in the property, it informs the buyer about it as a reservation or mortgage. It should have the ability to give expectations about the future of the property.
At the end of this article, we can conclude the importance of the real estate appraisal document in Turkey well. It is an urgent necessity. It can be obtained easily and not obtaining it means the possibility of facing problems and possibly incurring financial losses.