What is a Property Expertise Report in Turkey? tr
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Main titles:
- Steps to buying a property in Turkey
- What is a Property Expertise Report in Turkey?
- Cost of property evaluation report in Turkey
- What does a property evaluation report in Turkey include?
- Do I need an appraisal report to buy a property in Turkey?
- How much does a property appraisal report cost?
- How long does it take to prepare a property appraisal report?
- How valid is the property appraisal report?
Please contact all Turkish companies on WhatsApp
WHATSAPP: https://wa.me/905522888939
In previous posts, we have provided you with information about the process of buying a property in Turkey. In this article, we will explain the property expertise report to you, which is one of the steps in buying a property in Turkey.Steps to buying a property in Turkey
- Visit the property
- Contract of sale and payment of deposit
- Receive property expertise report
- Transfer the document and pay the total amount
What is a Property Expertise Report in Turkey?
For foreign buyers who intend to buy property in Turkey, a general report of the property purchased in Turkey is required This report includes property valuation, property status, housing and all information related to the purchased property. This report on real estate in Turkey is called “Expertise”. This report is in the form that a government-approved expert refers to the property you intend to purchase to prepare a report And records all property details. In this report, the regional price of the property is accurately recorded and presented to the government. What is a Property Expertise Report in Turkey? Many property buyers in Turkey do not report the true value of their property to the government. For example, if a property is worth 350 thousand liras, the property expertise report of that property will be recorded as 280 thousand liras. This is due to the tax evasion of property owners in Turkey, who pay 280,000 lira in taxes. If you are not looking for Turkish citizenship and the property you are buying is worth less than $ 250,000, the property report is not particularly important because the value of the property is not a criterion for obtaining a Turkish residence card. But if you want to buy a property in Turkey, get a Turkish passport , the report of the property in Turkey should be very important to you. This means that the amount you pay to buy a property in Turkey must be exactly the same amount in the expertise report.Cost of property evaluation report in Turkey
When selling property in Turkey to foreign nationals, it is mandatory to receive a property appraisal report stating the value of the property before transferring the document. The cost of the property appraisal report is 1000 to 1600 lira. Buyers will pay this fee directly to the real estate appraisal department and the land registry office. It takes 2 to 3 days to complete the property appraisal report. Property assessment report or expertise for the sale of property to foreign nationals and soon for all property sales in Turkey, even for Turks, is mandatory from 15.02.2019. This report is prepared by two government agencies. It is one of the reputable institutions evaluated and approved by the government. Another of them checks the maps, the information registered in the municipality and the Tapu office. They visit the property to make sure that the property you are going to buy is clean and tidy. The second controller checks the property to make sure the comparison price between the house and the registry is correct. Evaluation experts from both institutions are sworn in. The Turkish government intends to consider the real value of the real estate market instead of relying on announced prices. Previously, a property seller in Turkey might have declared the sale price of a property too low to avoid paying transfer fees and taxes. What does a property evaluation report in Turkey include? :- Property document information
- Location on the map
- Real estate photos
- Similar property prices
- Property price forecast transaction item
- Checking the debt situation, checking the technical conditions in the municipality and in the General Office of Land Registration.
It is possible to receive an evaluation report for the following investments.
- Land investment in Turkey
- Hotels in Turkey
- Shopping malls in Turkey
- Home and housing development
- Agricultural investment; Harvest and crop analysis
- Industrial investment
- House or villa or apartment
- Evaluation of commercial buildings, offices, stores, shopping malls and shops,
- Agricultural land, plots and vacant land,
- Urban Reconstruction Project Evaluation – Mine Evaluation, Gas Stations,
- Ships, docks, yachts and aircraft,
- commercial brand,
- Company evaluation
Please contact all Turkish companies on WhatsApp
WHATSAPP: https://wa.me/905522888939