Get a professional Property Survey in Turkey. 17/01/2011

Turkey property buyers usually pursue familiar practice and simply make an offer up to 10 percent below the asking price, often without knowing whether the asking price reflects the property's actual market value. The buyer often has limited market knowledge in Turkey and lacks comparable price data to support his or her offer price; therefore they can be helpless to pressure from both the agent and the seller in Turkey who are, of course, pushing for higher prices. Overseas property market is one of the most price-ambiguous commercial sectors - it is therefore remarkable that so many people buying and selling properties in Turkey without exact search and analysis into valuation.

However, accurate market value of a property in Turkey, considering the current condition of the property, is best assessed by an independent surveyor. A professional valuation may seem expensive to an overseas home buyer but the fee is unimportant when compared to costly mistake of ownership issues and overlooking remedial work or structural faults. The results of a professional property survey in Turkey can also be a very useful bargaining device when it comes to negotiating the price.

Turkish home buyers who are purchasing their properties by a Turkish mortgage are already covered by the lender’s valuation. TPM strongly recommends cash buyers to arrange an independent valuation before signing a purchase contract.

Please contact Turkey Property Mortgages for an independent valuation quote.