Searching for Property for Sale in Turkey? Here is How to Get the Best Deals
If you are searching for property for sale in Turkey, you likely are trying to get the best possible deal from a trusted dealer.
The Turkish real estate market has grown significantly over the past ten years, thanks to the shifting attention of foreigners and locals towards the sector. The Turkish property is attracting all sorts of investors and buyers for a range of reasons, including:
The excellent value per square meter – it is eight times less expensive to buy a property in Istanbul than it is London, and the deal gets even sweeter as you move away from the busy city.
A diverse portfolio – the transformation of the country’s real estate market over the last decade has boosted its apartments’, studios’, and villas’ portfolio to incredible sizes. From urban living to beachfront location, there is no limit to what you can get.
An easy buying process – buying a property in Turkey is pretty simple, thanks to the government. From finding your home to getting the titles, everything can be accomplished in less than a week.
Easy access – whether you are traveling by sea, land, or air, the country enjoys a broad transport network that makes it easy to move from one place to the next.
Low cost leaving – in addition to the low property prices, Turkey is also an affordable place to stay. The cost of living in turkey is 50% that of the US and Britain.
These are some of the reasons why buying a property in Turkey is such a great idea.
But there’s even a way to get an exceptional deal when searching for property for sale in Turkey. In this article, we will highlight some of these ways to help you get the most out of the process.
Check out bank-foreclosed properties
If you are a first-time buyer, you likely are only searching for new properties in the market.
However, there is a way to get incredible properties and unbelievable prices – foreclosed homes.
Foreclosure happens when a homeowner fails to pay the mortgage.
It is where the homeowner forfeits all rights to the property – usually because they are not able to pay the outstanding balance or sell it through a short sale.
Since the bank is seeking to recover its losses, they will sell the property at the best price to sell it as quickly as they can.
As you know, banks are in the business of lending money, not managing real estate, and this is part of the reason they will be willing to provide significant discounts to get their money and move on.
Look outside your MLS
Everyone is turning to the multiple listing services to find a home.
While this is usually the best place to find the best deals in the market, it can be hard to grab a great deal because everyone else is looking in the same place.
You can change your tactic and search another way –contacting the owners directly and find out whether they can consider selling their property.
You will be surprised by the number of people who’ll entertain the idea.
And since the property isn’t listed, you may be lucky enough to enjoy great deals.
Search for “for sale by owner” signs
You can take a day off and drive around town to find “for sale by owner” signs in yards or grocery stores or shopping centres.
This is a great way to find motivated sellers and great deals.
Check out different deals
This is more or less comparing the options that you’ve got across different platforms.
Just like the phrase, you kiss a lot of frogs before finding the prince; you might have to look at different deals to find out what works for you.
So, have your agent send you all the properties that match your preference and needs.
Then, compare the option based on different criteria – like location, cost, space, and so on.
Once you are clear about all these, you can make offers on a handful of deals and settle for what works for you.
Let people know
You can never underestimate the power of referrals – let the people you hang out with at home, in the church or club know that you are searching for property for sale in Turkey.
This way, they can keep you posted in case something pops up.
Master the art of timing
Timing can mean the difference between getting the best deals or missing one. In most cases, the earliest buyer gets the deal. So, if you spot a property you like, it might be a good idea to get it first. Having your agent notifying you about new entries can be a great way to ensure you are always the first to know.
Conclusion
You do not have to settle for paying market-price for the property. Instead, stick to the tips mentioned above to get fantastic deals that you’d be proud of.
Category: Real Estate
