Turkish real estate for sale by owner offers resale residences in Turkey that are well-established and often furnished. They’re great if you want to know exactly what you’re getting and want to get started right away. Most resale apartments in Turkey are sold directly from owners and come fully furnished, from couches to silverware so that you can move in right away. Furthermore, because they are older homes, buyers can typically escape some of the teething issues with new construction.
New homes often have a price advantage over resale property in Turkey. Developers have been obliged to charge more for new buildings as land prices in Turkey’s most popular districts have risen, resulting in a price difference between new build and resale apartments. This void may allow purchasers to take advantage of older resale properties at a discount.
Points to look out for when buying a resale property
Resale buyers in Turkey should be aware that, unlike new construction or off-plan purchases, they will have no assurances on their new house, and any existing issues will be passed on to the buyer. Building quality has improved dramatically in recent decades, and older buildings are frequently less energy efficient and may not meet the exact high requirements of newer homes.
In a few nations, an independent appraisal and quality report are necessary when purchasing a home. While Turkey requires a valuation assessment, it does not involve a structural inspection. Many individuals prefer resale homes to new construction homes because they believe the previous owner has maintained maintenance and care. However, this isn’t always the case, and problems might be hidden from view.
Appoint a lawyer
Did you know that you are not required to engage a lawyer while purchasing or selling a home in Turkey? For your part, we recommend that every homebuyer consults with an attorney. They are in charge of not just contracts, money processing, and application processes when it comes to ensuring the legality of the property.
In our experience, we’ve seen a few dream homes built as recently as 15 years ago that lack all legal papers or contain inaccurate data. This can slow down the purchasing process and result in additional costs. We’ve had issues with occupancy certificates, flats that are basements, and complexes whose limits extend onto another person’s property. Using a private attorney is well worth the money.
What do you need to look for?
Doe the home for sale have solar power heating, look for door and window frames issues, air conditioning units, water boilers, and tanks. If you’re looking to buy a villa with a private pool but aren’t sure about things like pumps, hire an independent pool firm to inspect it. Is there adequate drainage for rain? What happens when there’s sewage? Check for moist or discoloured inside walls, which indicate damp. Check for leaks beneath the kitchen sink, and ask the owners for wi-fi details so you may test the internet’s quality and speed.
Is there a reason for the sale?
A resale property occasionally comes on the market for a low price because the owner wants to sell quickly. Cash purchasers, usually estate agents, take these up to resell them for a profit. In general, the property you intend to buy should be priced competitively. It would be beneficial if you continued to question the seller. Find out if they resided there or if it was merely a vacation spot for them. Please inquire as to why they are selling. Also, ask about the neighbours in a non-obtrusive manner. Some sellers don’t disclose disruptive neighbours when they place their dream home on the market.
What is the location like?
Even if you’re familiar with the area you want to buy, do some research on the surrounding area. Take a stroll through the streets at night, for example. Determine the location of the nearest school and bus lines. Is there parking for your own car? In addition, how far away is the nearest hospital for medical care for existing ailments?