Quite often, on some websites and forums, you can find statements that it is very easy to buy real estate in Turkey without intermediaries and it will cost much cheaper than through real estate agencies. Is this really the...
How to buy an apartment in Turkey in 2024 without intermediaries
Quite often, on some websites and forums, you can find statements that it is very easy to buy real estate in Turkey without intermediaries and it will cost much cheaper than through real estate agencies. Is this really the case?
Let's say right away: in principle, you can buy real estate in Turkey without intermediaries, of course, but only if you are fluent in Turkish, know Turkish legislation and the procedure for registration of real estate well and understand the intricacies of the Turkish real estate market and national mentality. It is unlikely that there are many potential buyers of Turkish real estate, citizens of Russia, Ukraine, and Kazakhstan who meet these conditions.
If you do not speak Turkish, then when buying Turkish real estate without an intermediary, you will need an interpreter to communicate with the seller. A qualified translator will be required to translate documents into Turkish, and at all stages of the transaction in all government agencies. And this is not only the additional hassle that real estate firms take on, and additional costs, but also the lack of guarantees, because the translator is legally responsible only for the correct translation, but not for fulfilling the obligations of the parties. While professional realtors, agencies are endowed with this responsibility.
Further. Let's say you decide to work directly with a real estate developer. They promised to provide you with transport and a guide to explore the facility. But at the same time, you lose the opportunity to compare and choose. If you are shown one or two more objects, then these will also be only the objects of this developer. While the agency equally strives to promote the facilities of all its partners, and therefore you will be taken through the facilities of different developers and different owners, and you will have a much broader understanding of the Turkish real estate market and greater choice. As for the agency fraud, we can assure you that it does not happen in all cases.
That's what the managers of the real estate agency say about this: "The marketing tools that are used in our agency allow us to work effectively, while maintaining reasonable prices for our clients. For example, we have been working on the market for more than ten years, we have extensive partnerships with large real estate developers and our contracts with them allow us to sell objects at the price of the developers themselves. Our profit is not a cheat on the price list, but discounts that we receive from developers as bona fide partners. And for our clients, it makes no difference whether they buy an apartment from us or directly from the company that built the complex: the prices are the same for both us and the developers. It's easy to check."
And yet, if you are going to buy a house in Turkey without an intermediary, you need to think carefully about economic and legal security. And here again, working with a real estate agency is more reliable. The purchase and sale agreement, signed, in addition to the buyer and seller, also by a reputable and reliable intermediary agency, will largely ensure your peaceful future in Turkey.
According to the...