Izmir Real Estate ...

Izmir Real Estate Calculator
Finding a Home In Izmir If you plan to rent or buy a property in Izmir, finding your property will be a major step in your relocation to Izmir. If you have not lived in Izmir, you should rent rather than buy your property in Izmir, at least for six months. If you would like to rent or buy a real-estate property in Izmir you may email us at webmaster@turkey-travel-guide.de with your real-estate questions. It is the best way to know not only if Izmir is the place you want to live or retire for the next few years, but also if Izmir is suited for you. Apartments & Houses in Izmir If you are planning on living in Izmir, it is likely that you will be living in an apartment/condo versus a house. Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning. Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in Izmir to point out the negatives of a place they're trying to rent or sell you. Izmir Agencies Real-estate agencies in Izmir advertise in local Izmir newspapers and as well on their office windows. You should be able to notice a real estate agency in Izmir by the window full of ads for the different apartments or houses they have available for rent or sell in Izmir. Before you begin working with an agency in Izmir, check that their fees are acceptable and that they are a member of the Izmir Real-estate Assocation. In most rental agreements in Izmir most agencies charge a month's rent for a twelve-month rental agreement. When selling a property in Izmir, real-estate agents in Izmir usually charge between 2.5% and 3% of the final sales price.
Monthly rent Izmir:	$
Monthly Izmir rental insurance:	$
Expected annual inflation rate in Izmir:		%
Purchase price of property in Izmir:	$
Down payment amount:	$
Length of Izmir mortgage term (years):	#
Izmir Mortgage's annual interest rate:		%
Discount points on purchase of home in Izmir:		%
Origination fees:		%
Other loan costs in Izmir:	$
Mortgage Insurance (PMI):		%
Izmir Homeowner's insurance rate:		%
Monthly association dues in Izmir:	$
Average monthly maintenance of Izmir property:	$
Izmir Annual property tax:	$
Izmir plus government income tax rate:		%
Interest rate you expect to earn on savings in Izmir:		%
Expected percentage your Izmir home will appreciate by each year:		%
Number of years you will stay in Izmir:	#
Izmir Realtor commission rate:		%

Total estimated cost of renting a property in Izmir:	$
Total estimated cost of buying a property in Izmir:	$


After coming to an agreement on a rental or purchase, both parties in Izmir sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Izmir with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Izmir will be affixed to the agreement. Renting Real estate agencies in Izmir are the safest way if you want to rent or buy a property in Izmir. Please make sure they are a licensed agent in Izmir and very familiar with the Izmir property market. Local newspapers in Izmir also advertise apartments and houses for rent, but word of mouth is the best way in Izmir. If you are currently an academic in Izmir, you could check local at local universities in Izmir, where apartments or rooms for rent are commonly posted. In general rental rates in Izmir, increase by a small percentage each year in accordance with the government's annual cost of living reports in Izmir. You can find yearly leases in Izmir, and more short-term housing is available near academic institutes or around tourism areas within Izmir. Short-term tourist housing in Izmir is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Izmir. If you want to buy a property in Izmir, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Izmir to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Izmir. If you are buying a brand new property, you'll need to pay property tax in Izmir. If your purchase is a luxury property, you may have to pay local taxes in Izmir and possible stamp duty. Even as a non-resident homeowner in Izmir, you may become liable for all kind of taxes in Izmir, including income tax. Izmir Mortgages If you plan to take a mortgage in Izmir you need at least a 20% downpayment of the purchase price of the property in Izmir. Even if you generate rental-income from renting your Izmir property out, it is not considered by most lenders as you may decide to move in, at a later time. The Izmir Real Estate calculator will help you to compare the costs of renting a house or condo in Izmir to the costs of buying a house or condo in Izmir. Since there are all kinds of forces at work behind the scenes such as the current interest in Izmir, Izmir property taxes, tax savings, appreciation in general to investments in Izmir, comparing the cost of renting to the cost of buying in Izmir is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. The Izmir Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Izmir. Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description. NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields. Property Types in Izmir Izmir Multi-Family Traditional, multi-family residential complexes located in Izmir and suburban markets of Izmir. Izmir Mixed-Use Properties in Izmir that integrate and combine residential with different uses, including retail and office spaces. Izmir Office Traditional office or office type properties in Izmir. Izmir Retail Properties in Izmir with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Izmir. Izmir Light Industrial Single- or multi-tenanted spaces in Izmir used for warehouse, manufacturing, distribution, or research and development in Izmir.

Izmir Real Estate Calculator