Steps to Invest in the Turkish Real Estate Industry

House for sale in IstanbulBefore you invest in the Turkish real estate industry, you should have a clear picture in your mind about how it is like to invest your money. Then you will be able to go through the process and ensure that you don’t make any mistakes. Here are the main steps that you will need to follow when you are investing on the Turkish property market. Click here to see what Elmaslar Real Estate says: any person who goes through this process will be able to end up with purchasing property without a problem.

real estate deals

  • Locate the best deal

The very first step you should follow when you invest in the Turkish real estate industry would be to locate the best available deal. If you are not an experienced real estate investor, or if you are not currently based in Turkey, locating the best deal will be a challenging experience to you. However, you should try your best to get information you want by going through what is available on the internet. Moreover, you will need to locate a reliable real estate adviser, who will be able to provide guidance that you need to secure the best deal available out there.

  • Understand how much you have to pay for the real estate adviser

When you are getting the services delivered by a real estate adviser, you will be asked to make a payment for the delivered service. This is where you should have a good understanding on how much you will have to pay for the service. This understanding will assist you to refrain from spending your money unnecessarily.

According to the law of Turkey, the maximum commission that a real estate agent can charge from you is 4% of the property value. Therefore, you need to ensure that you are not paying more than that.

  • Closing the transaction

Your real estate adviser will be able to help you with closing the transaction remotely. This is where the title deed will be transferred to your name. The title deed will be the legal document, which is passing the legal ownership of the property to you. Once you receive this document, and if your investment is above $250,000, you will be able to get Turkish citizenship through sponsorship as well.

Agents for real estateGet the right real estate adviser at the beginning

The overall process of investing in the Turkish real estate industry would vary depending on the real estate agent that you hire. Hence, it is important for you to make sure that you are hiring the right real estate agent from the beginning. Then you will be able to obtain much-needed assistance to go ahead with the right investment. You can go through the feedback of real estate advisers and always pick the most reputed service provider. The time you spend to locate such a service provider is totally worth it when compared to the returns that you can receive.


 

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