WHAT IS HOUSING EXPERTİSE?

WHAT IS HOUSING EXPERTİSE?

"Expertise", also referred to as valuation, can be defined as the process of determining the value of an asset by the relevant expert. Today, "appraisal" is an accepted term used instead of the word "valuation".

Real estate expertise, or real estate appraisal, as it is better known, is the process of determining the value of an immovable property by independent experts before it changes hands, impartially and without any influence. If we give an example, the majority of the acquisitions of real estate in our country are residential real estates. Although the houses are for sale in cash, most of them are made on credit from financial institutions. Therefore, these institutions need "housing expertise" to determine the value to be a reference for housing loans.

Housing expertise reports are not only the appraisal of the value, but also the reports investigating the technical and legal status of the real estate. In our country, these reports can be made byreports are not only the appraisal of the value, but also the reports investigating the technical and legal status of the real estate. In our country, these reports can be made by  and / or housing appraisers through real estate appraisal companies.

How many steps does the housing appraisal process consist of?

It consists of 3 steps for the preparation of a housing appraisal report: official institutions research, on-site inspection of the property / value research and reporting of the information.

Official Institutions Research

Most of the residential properties consist of structures with floor easements. Therefore, the construction easement project owned by these buildings should be examined in the Land Registry Directorates since it is the basis for ownership. (In order to reduce the density in the Land Registry Directorates recently, the construction servitude projects based on the license obtained in 2017 and after can be examined in the relevant municipality where the immovable is located.) Another examination carried out in the Land Registry Directorateis the restriction examination. Restriction means "restriction" in the dictionary and in practice, we can define it as the information on the real estate such as annotation, declaration, mortgage, confiscation and limiting the property rights that protect the rights of third parties and the document containing this information. In this document, it can be seen in detail whether there is a record that will prevent the sale of the real estate in addition to the property information.

There is a zoning file containing all official applications, correspondence, documents, minutes and official permits made for the building in the relevant municipality of each building constructed in accordance with the Zoning Law No. 3194. It is examined in detail whether there is a building license, building use permit, architectural project, building vacation report, if any, or a decision of the council. In addition, the current zoning status of the land where the building is located is among the information obtained from the relevant municipality.

On-Site Inspection of the Immovable / Value Research

After the examinations made in official institutions, the real estate is examined on site. In this examination, the location accuracy of the house is determined and measurements are taken with instruments such as meters and laser meters to check whether it is built in accordance with the architectural project. In addition, photographs are taken from the common area of the building, from the outside of the building and from the inside of the house to show the interior decoration features.

After these transactions are completed, all information such as sales figures, usage areas, year of construction, floor and facade of similar properties that have been recently sold and / or put up for sale are collected.

Presentation of Information in Report

After the official institution researches and the on-site examination of the house, it is time to write the report.

Property and encumbrance information received from the Land Registry Directorate is transferred to the Land Registry Information section of the report. If there is a record (annotation, attachment, etc.) that prevents the real estate from changing hands, it is indicated. In addition, the area is calculated from the architectural project visuals and the compatibility of the measurements on the project and the measurements taken in on-site measurements are checked.

In the report, first of all, a general description of the area where the immovable property is located, its distance to the main arteries and information about the official public institutions and organizations in its immediate surroundings are given. Then the properties of the building (main property) are transferred. In the description of the features of the building seen on-site, the characteristics of the main immovable are specified by making use of official documents such as the license obtained from the municipality, occupancy permit. After the definition of the main real estate, all information such as the floor, facade, area, heating type, number of rooms, decoration features of the residence subject to the appraisal are conveyed in detail.

The final value for the real estate is appraised in the conclusion part of the report by compiling the information of the sold and / or sold housing acquired during the local inspection. In the light of the information obtained from the land registry or the municipality, if there is a situation that would prevent the sale of the house, this situation is stated and the sales capability is restricted.

The report is finalized by adding all the information and documents such as all photographs, zoning status, architectural project, building license, occupancy permit, if any, and minutes documents, in the appendices of the report, whose writing phase is completed.

WHAT IS HOUSING EXPERTİSE?
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