If you are considering purchasing property in Turkey for investment purposes, you need a trustworthy and experienced partner with a good reputation in the real estate field. Such a partner will guide you transparently and honestly, helping you find the right property. In this detailed guide, we’ll answer the question, How to choose a real estate company in Istanbul? This guide will be your first step toward successful investment in a market full of opportunities and challenges. You’ll also learn about the deceptive practices of fraudulent companies and how to handle them, ensuring you avoid falling victim to enticing yet fake offers.
Why Is Researching a Real Estate Company in Istanbul Important?
You wouldn’t travel to a foreign country without planning your trip, so why would you invest without preparation?
Choosing an advisor familiar with all the investment laws of that country is crucial, and this is where real estate companies in Istanbul play their role.
Real estate companies act as intermediaries between you and property owners—whether individuals or companies. They showcase numerous projects and help you select the right one based on your budget, ensuring you acquire a property that meets the requirements for obtaining Turkish citizenship.
However, due to the flourishing real estate market in Turkey, many companies falsely claim to be reliable real estate firms. To avoid falling victim to scams, you must carefully select the real estate company you work with based on specific criteria, which we explain in detail below.
At Turckey, we are among the best real estate investment companies in Turkey. Not only are we certified by the Turkish government and have an office in Istanbul, but we also boast a team of experienced experts and consultants with over 14 years in the real estate industry.
We have numerous satisfied clients for whom we have found properties that meet their needs. We have also assisted them in obtaining Turkish citizenship and making successful investments in Turkey. Contact us now on WhatsApp at +90 536 777 9442 to benefit from our free services today.
How to Choose a Real Estate Company in Istanbul?
To protect you from dealing with fraudulent companies, we’ve outlined some steps and key tips to help you choose a trustworthy real estate company. These steps and tips include:
- Work with a real estate company that has a good reputation in the Turkish real estate market and has many satisfied clients, as evidenced by positive reviews.
- Verify that the company holds a licensed permit to practice, issued by the Turkish government.
- Ensure the company has an official website, not just social media pages.
- Use the company’s social media pages to learn more about its activities and client feedback on its services.
- Contact the company’s customer service team directly to learn more about their offerings.
- If you are in Turkey, visit the company’s official office in Istanbul to understand their services better.
What Happens If You Don’t Work with a Specialized Real Estate Company in Istanbul?
If you don’t work with a reliable and specialized real estate company, you risk losing your money. Fraudulent companies might sell you properties that belong to someone else or have specifications different from what you requested.
You may also struggle to find the right property at the desired price since specialized companies offer properties that align with your budget. If you deal with a fraudulent company, reclaiming your rights can be costly and time-consuming.
To avoid these problems, it’s best to choose the right company from the start and acquire a property with the specifications you want in the shortest time without any legal complications.
What Are the Criteria for Choosing a Real Estate Company in Istanbul?
Choosing a reliable real estate company in Turkey is not as easy as it seems, especially with hundreds of companies in the market. However, certain criteria can help you select the right company to work with:
- The company’s experience in the Turkish real estate market and its transparency in providing complete information about properties, including prices, specifications, and flaws.
- The number of years the company has been active in the Turkish real estate market, reflecting its strength and success.
- The volume of sales the company has achieved and its strong relationships with major construction companies in Turkey.
- The company’s reputation and reviews from previous clients.
- The range of services offered, from property selection to assistance with arrival in Turkey, property tours, and post-sale services like obtaining citizenship or managing property investments through resale or rentals.
- The company’s sales record, indicating its ability to meet investor needs and achieve their goals.
What Are the Benefits of Working with a Real Estate Company in Turkey?
It’s essential to rely on a specialized real estate company before purchasing a property in Turkey, especially if it’s your first time investing there. Some of the benefits include:
- Finding the best property that meets your needs without wasting time searching in unreliable places.
- Benefiting from the company’s expertise and relationships with construction companies.
- Access to significant discounts and offers.
- Overcoming language barriers, as the company translates all official documents.
- Enjoying free tours of numerous projects and free consultations with investment experts.
- Receiving comprehensive support, from purchasing the property to managing its investment.
What Mistakes Make You a Victim of Real Estate Fraud in Turkey?
Several mistakes can increase your risk of falling victim to real estate fraud. These include:
- Dealing with fake companies or individuals without verifying their authenticity as property owners.
- Lack of knowledge about actual property prices in Turkey.
- Searching for real estate companies solely on social media platforms.
- Being attracted to any advertisement offering properties with Turkish citizenship benefits without reviewing citizenship requirements.
- Buying properties under construction without verifying the construction company’s credibility and guarantees.
What Are the Methods of Real Estate Fraud?
Fraudulent companies and individuals use various methods to deceive investors looking to purchase property in Turkey. To raise your awareness, here are some examples:
- Advertising properties at extremely low prices, often with legal issues, or properties that do not match the advertised specifications.
- Overpricing properties with unrealistic benefits, exploiting the fact that you are unfamiliar with Turkish real estate prices and locations.
- Impersonating property owners and forging ownership documents, which can only be identified by experts from reliable real estate companies like Turckey.
- Selling properties with debts or mortgages.
- Selling under-construction properties without specifying accurate delivery times or precise specifications.
What Services Do Real Estate Companies in Istanbul Offer?
Real estate companies in Istanbul provide a wide range of services to help you complete your investment process safely and effectively. These services include:
- Advisory Services: Assisting you in finding properties in prime locations and providing comprehensive insights into real estate investments in Istanbul.
- Detailed Property Information: Offering complete property details, including images, specifications, and location. If you are in Turkey, the company organizes free property tours to help you choose the right property.
- Investment Return Analysis: Calculating the investment returns on properties, whether for resale or rental, with forecasted price trends over a specific period.
- Property Management: Services like utility setup, property rental management, and rent collection.
- Title Deed Assistance: Helping you obtain the “Tapu” or property title deed.
- Price Negotiations: Negotiating with property owners and developers to secure the best possible prices.
- Interior Setup: Assisting in furnishing and decorating your property according to your taste.
- Citizenship Facilitation: Simplifying the process of acquiring Turkish citizenship and a Turkish passport.
- Safe Financial Transactions: Guiding you on secure methods for transferring money within Turkey to pay for your property, ensuring all transactions are legally documented.
- Legal and Structural Assurance: Verifying the property’s legal and structural integrity.
- Property Marketing: Helping you market your property to find buyers at competitive prices or tenants for high rental income.
What Should You Do When Buying Property in Istanbul?
Purchasing property in Istanbul becomes easier and safer when working with a specialized real estate company like Turckey and following these tips:
- Avoid falling for overly tempting offers and low prices. Consult a real estate expert who can provide accurate and up-to-date information about property prices and ownership laws in Turkey.
- Research property prices in different areas of Istanbul to find the right property. With Turckey, you’ll have access to a wide range of properties at competitive prices.
- Conduct a property inspection tour before purchasing, ensuring that the property has no legal issues.
- Ensure all financial transactions with the seller are conducted through bank transfers, as this serves as documented proof of the payment process.
- Avoid buying off-plan properties (under construction) without consulting a specialized real estate advisor. Verify the validity of the documents and the guarantees offered if the property is incomplete, and avoid paying the full price upfront.
- Confirm that the property owner has settled all utility bills associated with the property.
- Partner with a trustworthy real estate company familiar with Turkish real estate laws and updates.
Why Is Turckey the Best Real Estate Company in Istanbul?
Turckey is among the top trusted real estate companies in Istanbul for several reasons:
- We have a team of real estate experts with over 14 years of experience.
- We provide accurate, up-to-date information on properties across various regions of Istanbul, highlighting both pros and cons, and transparently discuss the best developers.
- Our comprehensive services are free, starting from property selection to airport pickup, hotel booking, property tours, and post-sale assistance.
- We partner with top developers and negotiate effectively to offer you the best possible deals.
- Our company is 100% licensed with an official office in Istanbul, eliminating any risk of fraud or scams.
- We help you find a property that perfectly meets your needs, budget, and specifications, offering a wide selection of properties in different locations.
- All our properties comply with the requirements for obtaining Turkish citizenship, which we help you secure in the shortest time possible.
Why Invest in Real Estate in Istanbul?
Investing in Turkish real estate offers numerous advantages, including:
- A guaranteed and steady monthly rental income.
- Significant returns on property resale due to the consistent rise in real estate prices, especially in a region that attracts foreign investments.
- Long-term safe investment opportunities in Istanbul properties.
- The chance for you and your family to obtain Turkish citizenship and a Turkish passport by purchasing a property meeting specific criteria. With Turckey, you can easily buy a property that qualifies for Turkish citizenship.
Frequently Asked Questions
What should you do if you fall victim to real estate fraud?
Immediately consult a specialized lawyer to handle the matter. The lawyer will request official documents and financial proof of your transactions. Upon proving fraud, the perpetrator is penalized, potentially facing fines or imprisonment.
How can you avoid real estate fraud?
Work exclusively with a trustworthy real estate company accredited by the Turkish government, like Turckey. Our services are comprehensive, transparent, and fully supportive throughout the property purchase process.
What is the duration of a real estate residency in Turkey?
The real estate residency permit in Turkey typically ranges from one to two years.
What percentage is charged for real estate brokerage?
Real estate companies usually charge a commission starting from 3% of the purchase price, depending on the company.
What qualifications and expertise should you look for in a real estate company in Istanbul?
The company should have extensive experience in the Turkish real estate market and a qualified team of professional experts. Customer reviews also provide valuable insights into their reliability.
How can you verify the reputation of a real estate company in Istanbul?
Research online reviews, request references from previous clients, and ensure the company has official licensing and transparency in its dealings.
Should you review a real estate company’s past projects?
Yes, reviewing their previous projects gives you a clear idea of their professionalism, quality of work, adherence to timelines, and compliance with laws.
What legal documents should you verify when dealing with a real estate company in Istanbul?
Ensure the company is legally registered and possesses the necessary licenses. Verify contracts, title deeds, and all property-related documentation during the transaction process.
By understanding how to choose a reliable real estate company in Istanbul, you can secure an excellent investment opportunity in a land full of promise. To ensure you get the best property without falling victim to fraud, don’t hesitate to contact Turckey, a leading name in the real estate and property investment sector in Turkey. With over 14 years of expertise, we’re here to support your journey.
