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HOW SHOULD PROJECTS WITH PROMISSORY NOTE SALES INSTEAD OF LOANS BE EVALUATED?

The promissory note sales method in projects may be an alternative for those who do not prefer to use credit for housing purchases or who are looking for different payment options. However, there are important factors that should be taken into consideration when using this method. Company Reliability: The fact that the construction company sells only by promissory note raises questions about financial reliability.

Housing Loan Application and Valuation in a Project Under Construction:

There are certain conditions for those who want to apply for a housing loan in a project under construction. However, lending is only possible if these conditions are met. Here are these conditions and what to consider during the mortgage loan application process: Condominium Deed of Easement and Construction Completion Rate: In order to apply for a housing loan, first of all...

WHAT DOES IT MEAN WHEN A CERTIFICATE OF OCCUPANCY IS ISSUED FOR A BUILDING?

Today, the importance of the occupancy license is increasing in real estate buying and selling processes. This is an official confirmation that a building is complete and fit for occupation. A property without a certificate of occupancy may have a number of limitations on its value and use. What is a Certificate of Occupancy? A housing license is a document issued by the municipalities and...

What to Consider When Buying an Apartment from a Project?

Buying an apartment from projects can be an attractive option for those who want to own a house. However, there are many important factors to consider in this process. In this article, we will examine the critical elements you should consider when buying an apartment from a project. 1. Land Share Details: The land share of the independent section is of great importance when buying an apartment from the project....

THE PROCESS OF TRANSITION FROM CONDOMINIUM ASSOCIATION TO CONDOMINIUM OWNERSHIP?

Although there is no time limit for the transition of real estate from condominium easement to condominium ownership, the application must be made to the municipality by a right holder or owner. Once the application is reviewed for compliance and approved by the municipality, other right holders and owners may also benefit from this advantage. Especially in some exceptional...

Condominium Easement Installation Process and Importance

Condominium Easement is an important step in real estate projects and formalizes the land share and location of the apartments. This process is of great importance for real estate owners and management. Stages of Condominium Easement Establishment: The establishment of the Condominium Easement involves certain stages of the real estate project. First of all, it is prepared in accordance with the architectural and technical details of the project...

The Importance of Land Share in Urban Transformation and Investment Evaluation

Land share is a very important factor in real estate investments in the urban transformation process and plays a critical role in determining the future value of the investment in many respects. Here are the details on the Importance of Land Share in Urban Transformation and Investment Evaluation: Investment Evaluation: The size of the land share determines the future return of the investment...

Building Process on Zoned Land: Detailed Investigation

When one wants to build a building on zoned land, a complex process must be followed. In this article, this process will be examined step by step and explained in detail. Application to the Municipality and Obtaining Permission: The first step is to apply to the municipality to find out what function and size of building can be permitted on the land. Planned areas...

Land and Plot: Key Differences

The terms land and plot are often used interchangeably but technically have different meanings. In this article, we will focus on the main difference between land and plot. What is Land? Land refers to the portion of land that exists in its natural state, without any development plan or application. It is land that is not subject to zoning plans, has not yet been built or...

The Importance and Role of Real Estate Consultants

The real estate sector has a complex structure due to procedural changes in the buying and selling processes and tax considerations. This complexity increases the importance of intermediaries and consultants in the market. In this article, we will focus on the key role of real estate consultants in the sector. An Area Requiring Specialization: Real estate is a field that requires expertise and knowledge....

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