1. What is Securities and Real Estate?
2. What is Valuation?
3. What is the Real Estate Valuation Report?
4. What is Real Estate Valuation Company?
5. Who is a Real Estate Appraiser?
6. What is the Importance of Valuation and Valuation Reports?
7. What Purpose is The Valuation Report Made and Where is It Used?
8. What are the methods used in valuation?
9. How Much is the Valuation Fee?
10. How much is the Deed Fee?
11. How Much is the Municipality Fee?
12. How Long Will My Report Be Prepared?
13. Should I Have an Valuation Report on the Inheritance Share?
1. What is Securities and Real Estate?

Securities; portable materials, which can be converted to money, can be expressed with money is called precious materials. Machinery Equipment, Tools etc.
Real estate or immovable; It is called precious materials which are not portable and can be converted into money and expressed with money. Land, Buildings etc.

2. What is Valuation?

Valuation within the framework of the applicable legislation of all kinds, public and private, real and legal persons and institutions, or an asset that belongs to all real estate and real estate related rights using international methods and benefits of projects, within the framework of the ethical rules, an independent, impartial and objective is the appreciation in the value.

3. What is the Real Estate Valuation Report?

The Real Estate Valuation Report is a report prepared for the analysis such as how this value is reached and which data is used.

4. What is Real Estate Valuation Company?

Real estate Valuation companies are the organizations that carry out the duty of independent and impartial valuation of the probable value of the real estate, real estate projects and the rights and benefits of a real estate that are authorized by SPK and BDDK on a certain date.

5. Who is a Real Estate Appraiser?

The appreiser is people who will assess the real estate, the real estate project or the rights and benefits of a real estate, employed by Real Estate Appraisal Companies, a minimum of 4 years of university degree in engineering, business-economics, architecture and urban and regional planning, which are closely related to the company’s field of activity, Valuation Expert License holder at least 3 years of experience.

Current legal regulations; It clearly shows that the Appraiser cannot work in more than one company, cannot act against the principle of objectivity and independence, cannot act as a real estate broker and should not engage in behaviors incompatible with professional dignity.

6. What is the Importance of Valuation and Valuation Reports?

Valuation of property and structures to make the return value can be used in financial transactions through the valuation reports.

In our country, the real estate sector development in parallel to the increasing importance in the economy of real values, SPK arising from the small investor protection principle of “fair value” quest, purchase and sale of corporate property, expropriation, real sharing of justice -seeking, real estate based on the distribution of the tax , the debt restructuring of legal entities or individuals The analysis of bank assets according to objective criteria due to the determination of the price during the transfer and settlement and restructuring of the financial sector contributes to the development of this market.

7. What Purpose is The Valuation Report Made and Where is It Used?
  • To determine the purchase-sale price in case of changes in ownership,
  • Value determination in leases,
  • In cases where real estates will be taken as collateral in credit transactions,
  • In determining the value of real estates in company assets (UMS) *
    • In public offerings
    • In mergers and acquisitions
    • In enterprises holding balance sheets according to UMS
  • When the inheritance is requested to share fair goods in the transfer of goods,
  • When the best and most efficient use analysis of the property needs to be demonstrated,
  • The ratio of the revenues to be generated by the investments to be made over the years and the determination of the current project value (financial feasibility studies)
  • In insurance transactions,
  • Sale & Lease back transactions,
  • In determining expropriation value for fair payment,
  • In the purchase-sale, rental and revaluation of real estates included in the portfolios of Real Estate Investment Trusts (REIT), while taking real estate mortgages, determination of compliance with legal procedures at the beginning of the project,
  • If real estate purchases and sales exceeding 5% of the paid-in capital of all companies and their own real estates are transferred to another company as capital in kind,
  • In the valuation of the receivables of the banks that have fallen into the execution proceedings of more than TRY 1,000.
8. What are the methods used in valuation?

Three approaches in international valuation standards are the basic approaches used in valuation. All are based on price balance, benefit expectation or substitute economic principles. Basic valuation approaches; (a) Market (Peer Comparison) Approach, (b) Revenue Approach, and (c) Cost Approach.

The market approach refers to the approach in which the indicative value is determined by comparing the asset with the same or comparable (similar) assets with price information available.

The market approach; the value of the asset on the basis of the valuation have been recently sold at an appropriate price once the asset or assets are actively traded and valuation significantly it bears resemblance to and/or substantially similar entities with frequent and/or current in the case of the observable process allows us to obtain reliable results.

 

The revenue approach allows the indicative value to be determined by converting future cash flows into a single current value. In the revenue approach, the value of the asset is determined based on the present value of the revenue, cash flows or cost savings generated by the asset.

Revenue Approach allows the asset’s ability to generate revenue is a crucial factor affecting the value of the participant’s view, (b) there are reasonable estimates of the amount and timing of future revenue related to the asset to be valued, but it enables us to achieve health outcomes even if there are a small number of relevant market precedents.

 

The cost approach is the economic approach in which a buyer will not pay more than the cost of acquiring another asset of equal value, whether acquired through purchase or construction, for a given is the approach in which the indicative value is determined with the application of the principle. In this approach, the indicative value is determined by calculating the current substitution cost or reproduction cost of an asset and by deducting all deterioration shares in physical deterioration and other forms.

Cost Approach; the fact that the participants can recreate an asset that has substantially the same benefit as the asset subject to the valuation without legal restrictions, and that the asset cannot be re-established in a short period of time, so that the entity will not have to settle for an important premium to be able to use the asset subject to the valuation as soon as possible; it allows us to achieve health outcomes if its unique nature makes the revenue approach or market approach impossible and/or the value used is based primarily on the cost of substitution as in the case of substitution value.

9. How Much is the Valuation Fee?

Valuation fee;

  • According to the nature of each real estate,
  • According to the size of the area to be valued,
  • It varies according to the official institution fees in the province and district where the real estate is located.

Quality should not be compromised when searching for the valuation company. Lack of quality issues and the fact that the company preparing the valuation report is not authorized by SPK and BDDK poses the risk that your report will not be accepted by many institutions.

You can get an offer by clicking here for valuation fee.

10. How much is the Deed Fee?

Deed fees, the fees to be applied at the end of the year are announced as the tariffs for Land Registry and Cadastre transactions No. 4, which are determined by calculating the revaluation rate of fixed fees (including limits determining minimum and maximum amounts of fixed and relative fees)  included in the tariffs of the Mortars Law No 492. ( http://www.resmigazete.gov.tr/old/2018/12/20181231M3-10.htm )

11. How Much is the Municipality Fee?

Each municipality is determined in accordance with its decision in its own council. Therefore, a single fee is not applied and varies.

12. How Long Will My Report Be Prepared?

The subject varies according to the location, quality and size of the property. The cooperation process of the customers during the reporting period affects the process positively or negatively.

13. Should I Have an Valuation Report on the Inheritance Share?

In our Valuation reports, the distribution of real estates includes surface area, number etc. distribution proposal according to criteria is not made. Equity based distribution is taken into consideration.

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