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Mandatory Valuation (Appraisal) Report
It is obligatory to submit an appraisal report for every international real estate sale in Turkey. The purpose of this is to make sure that the pricing in real estate purchase and sale is correct and thus to prevent a mistake in taxation. Mandatory valuation report is prepared by two certified and accredited valuation experts of the Capital Markets Board (CMB). These appraisals are sworn experts. One of these experts examines the property’s plan, the municipality’s registry information and the land registry offices. Experts visit the property to make sure the property is purchased. During the preparation of this report, home price and registry measurements are double-checked for accuracy. The real estate value taken into account by the government is the market value, not the value declared by the seller.
When purchasing a real estate, you want to be sure of the true value of the property you will buy. The real estate valuation report provides this. There are two types of valuation reports:
Depending on the request or the characteristics of the property, the valuation report may include other conditions. Three different methods are used while preparing the appraisal report according to the type of real estate:
Comparison with Similar Methods: Real estate is compared with other real estates with similar characteristics.
Possible Income Method: The property is analyzed according to its net income stream.
Zoning Cost Method: In case the building is rebuilt, the construction costs that will occur in the current economic conditions are evaluated.
In addition to the location of the house, its well-maintained and pleasant design makes it the primary choice. There are some items that you should have at home. We share these with our customers as a list.
We arrange a meeting with you or your legal representative within 1 week of contacting us. If we agree on all conditions, your contract will join the system at the end of the first meeting. Our contracts usually last 1 year.
The landlord receives rental income between the 8th and 15th of each month. The money is deposited into the host’s bank account with the IBAN number.
We store your key in our office, barcoded and highly protected.
In such a case, we immediately contact the tenant and ask him to return the key. Otherwise, we change the lock. You are not charged a fee for this.
We expect 80% occupancy for the rental, except for special circumstances, throughout the agreement we made. If you want to stay at your home, you must inform us at least 2 weeks in advance. If a tenant has made a reservation for the date you want to stay in your home, the tenant will be given priority.
Rental real estate platforms provide homeowners with warranties to protect their homes. Under these warranties, proven damages are covered by the platform. In long-term rentals, a deposit is taken from the tenants to protect the landlord’s right. It is the landlord’s responsibility to cover the cost of repairs for damages not caused by the tenant.
It is entirely up to the landlord whether to have insurance or not. However, we always recommend that you take out insurance.
The newer the furniture in your home, the higher your rental income will be. However, as long as the devices are working, they do not need to be renewed. The landlord is notified of a tenant’s complaint about the property and our team will assist the landlord to resolve the issue.
The landlord pays all costs for the initial rental while the house is included in the system. After the first rental, we provide hygiene products free of charge.
The landlord is responsible for all bills, dues and taxes of the house during the contract. If the landlord wishes, we follow up on behalf of the landlord in order to avoid delays or overruns in invoices and dues.
HOMES OF TURKEY is a registered real estate brand operating in Turkey and worldwide. Homes of Turkey has a personalized boutique service.
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