The appraisal service is the whole of the technical examinations made to determine the value of the real estate. As a result of these examinations, an independent and impartial appreciation of the possible value of the rights and benefits of the real estate at a certain date is expressed.
The appraisal process is carried out by real estate appraisers licensed by the Capital Markets Board (CMB). The reports prepared by these experts are checked by CMB licensed appraisers who work as a controller (auditor) in the appraisal company. Supervisor appraisers, who own at least 10% of the company's capital and are authorized to sign the appraisal reports on behalf of the company, constitute the last step of this process with the authority to sign. The scope and flow of the real estate appraisal process is summarized below:

1.DEFINITION OF THE PROBLEM

  • Introduction of the Customer,
  • Purpose of Use of the Appraisal,
  • Determination of Value,
  • Determination of the Valuation Date,
  • Description of Estate Estates,
  • Unusual Predictions

2.SCOPE AND LIMITATIONS OF THE WORK
3.DATA COLLECTION AND TECHNICAL AND LEGAL DEFINITION OF REAL ESTATE
4.DATA ANALYSIS AND APPRAISAL

  • Market Analysis
  • Most Effective and Most Efficient Use Analysis

5.DETERMINATION OF LAND AND TERRAIN VALUE
6.APPLICATION OF APPRAISAL METHODS

  • Appraisal Based on the Cost Price Approaches
  • Appraisal Based on the Market Value Approaches
  • Appraisal Based on the Income Value Approaches
  • Appraisal Based on the Development Analysis
  • Appraisal Based on the Mixed Methods

7.COMPARISON OF FOUND VALUES AND ESTIMATION OF FINAL VALUE
8.REPORTING THE VALUE FOUND
9.REPORT ATTACHMENTS

 

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