Investment in Turkey Property
by Nader F. Mr.Investment in Turkey Property
In the age of Internet, it is possible to travel around the world while you are at home, and the sources of information are available to everyone, mostly for free, and this may lead us to believe that a big decision, such as buying a property in a developed country like Turkey, is easy, and we can do it ourselves without any help of anyone, so you can invest in turkey property.
Customers think that
real estate companies are paid for the services and advices they provide to the
buyer, but that is not true. Real estate companies are paid by the seller
(construction companies) not by the buyer.
Important reasons to consult a real estate company before buying a
property in Turkey:
- Turkey's
real estate market
- Property prices
Turkey is a country
that is developing very rapidly. If we talk about Istanbul, we are talking
about thousands of new projects ready for housing, as well as projects under
construction. These projects are distributed in all parts of Istanbul. Each
area has certain features that differ from other areas. The growth of some
areas is much faster than the other in a specific period of time and then the
equation is reversed to the grow of other areas very quickly, and this cannot
be predicted by anyone unless they follow the economic news in Istanbul over
the past two years, especially if the buyer is interested in buying a property in Istanbul for sale under construction in order to take advantage of
the high returns when the project is delivered. No one will be able to know the
credibility of the construction company and the quality of the materials used
and whether it is committed to deliver its projects on time and with good
quality unless he follows the company's transactions. Small construction
companies are offering attractive offers on their under-construction projects
in order to attract as many buyers as possible and make use of their money to
complete the project. Sometimes they may succeed, and sometimes the project
will remain stalled for several years and promising investment turns into a
losing investment altogether.
Property prices in
Istanbul in particular and Turkey in general are almost constant for the
Turkish Lira, but the fact that the lira is variable for the dollar will be
variable for the buyer by foreign currency, especially if he buys a property
with instalment plans over several years. Your real estate consultant is your
representative during the purchasing process and he will give you the most
appropriate offer to get your property in Istanbul in such a way that you are
always the winner.
- Personal
relations of the real estate consultant
Real estate consultant
has a close relationship with the construction companies, which extends over
several years, in addition to his extensive knowledge of sales representatives
in the projects. Real estate consultant uses these relationships after
collecting the basic information about you with regard to the aim of buying the
property? Is it under construction or ready? Is it in the city center or in
quiet areas with sea view? Also, determining your budget helps in guiding you
to find the right property for you. It is always good to provide the real
estate consultant with the right information about your budget because it will
help him to find the best opportunity for you within the specified budget.
- Ability to
negotiate
- Pre-purchase
services
Your real estate
consultant negotiates with the sales representatives as if he is buying a
property for himself. Remember if you want apartment for sale in Istanbul, the real estate consultant knowing the market,
the project, the construction company, the sales representatives and the offer
you have chosen way beyond your personal knowledge. You have two options,
either try your negotiation skills and maybe you will make a good deal and
maybe not, or let your real estate consultant to negotiate instead and you will
definitely make an excellent deal.
When you come to a
foreign country like Turkey (which rarely speaks English) you need an
interpreter or someone who knows the country well so that he can show you the
projects and get you to and from the hotel during your trip to buy a property.
All this is provided free of charge by professional real estate companies so
you only need to coordinate with your consultant to find him waiting for you in
the airport to take you on a tour on Istanbul's projects. Many other services
you may need before you buy your property in Turkey you will find a real estate
consultant ready to fully give it to you.
- Who will answer
all your questions?
When you buy a
property in Turkey there are important questions you would like to get answers
to, such as:
- How do I get a
family residence permits?
- How will I open
water meters, electricity, gas, Internet and purchase of furniture?
- What are the laws of
ownership in Turkey and can properties be inherited or not?
- Is the property you
bought suitable for Turkish citizenship?
When you deal with a
professional real estate company, they will provide you with after sales
services. You will be followed up from the moment of purchasing until you reach
your goal.
- Follow-up payment
of installments
Buying property by instalments
is very important for many customers. Often, the customer is not in Turkey
during the payment process. Therefore, he needs a representative to ensures
that the instalments are paid in a correct and accurate manner, especially
since the prices in Turkey are often evaluated in Turkish lira. The exchange
rate is constantly changing up and down. When the buyer pays in a foreign
currency, the exchange rate will change, so you need someone to represent you
here to guarantee your right to receive the correct exchange rate at the time
of paying.
- Legal Department
Only real estate
companies that have a specialized legal department to follow up on the
transactions of their customers, have they been delivered at the right time?
Are the terms of the contracts valid? For the properties with rental guarantee,
is the contract included in the agreed period correctly? Are the conditions
complete and guarantee the rights of all parties?
All this is followed
up free of charge by the professional real estate company you have chosen to
represent you in the process of purchasing your property in Istanbul.
- Real estate
consultant saves your time
We are well aware that
customer's time is important and therefore our real estate consultant seeks to
save your time as much as possible by reviewing your application very well and
offering the right options for you without wasting your time in vain.
- Real estate
consultant offers free services
As we mentioned at the
beginning of the article that the wages of real estate companies are paid from
the construction companies themselves, not from customers, so it's risky for
customers to buy a property himself without a real estate broker.
You can stay on the
safe side and take advantage of all the advantages by working with a
professional real estate consultancy.
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Created on Mar 7th 2020 02:52. Viewed 320 times.