Advising and Transacting more than $5 billion in Investments in Turkey
for more than 3,000 International Investors since 1989...
'Building Trusted Relationships is Building Our Business...'
Advising and Transacting more than $5 billion in Investments in Turkey
for more than 3,000 International Investors since 1989...
'Building Trusted Relationships is Building Our Business...'
Welcome to mytapu.com's Property Search Services, the Investment Solution for Property Selection in Turkey…
A Safer, Smarter, and Better Way...
Welcome to mytapu.com's Property Search Services, the Investment Solution for Property Selection in Turkey…
A Safer, Smarter, and Better Way...
Welcome to the mytapu.com on-line information guide for foreign real estate investors in Turkey, a 'live' knowledge bank' with news & analysis.... Can't find what you are looking for? Check the Articles here and use the 'tags' to search by topic for a list of articles...
Investors - The mytapu.com website is the largest resource of authoritative information about real estate investment in Turkey. This website provides the expert insights of our advisors gained by investing in Turkey and advising institutional investors in Turkey, since the late 1980's. During the last 30+ years, these experts on our team have advised the worlds largest international investment fund managers, the World Bank Institute, the Organisation for Economic Development (OECD), the European Commission, the European Bank for Reconstruction and Development (EBRD), and various government agencies of the Republic of Turkey. that expertise is available to you, too, from this website, and from our Investor Services. This calibre of expertise is simply not available elsewhere, anywhere.
The website provides more than 100 pages covering everything about buying and selling residential property in Turkey. For timely periodic updates on market, regulatory, legal, financing, and transaction developments, it is essential to request our newsletter.
Newsletter Selection:
1- Turkey Residential Real Estate
2- Global Residential Real Estate Market Watch
3- Global Wealth Preservation and Residency Solutions
Please Email info@mytapu.com and request inclusion on a mailing list for one or more of the above. During the last 30+ years, since the late mid-1980's, we have served many more than three thousand investors in Istanbul, Ankara, on the Black Sea Coast, and on the Western Aegean and Southern Mediterranean Coasts of Turkiye, from Anamur to Zonguldak, and everywhere in between, including Mersin, Alanya, Side, Manavgat, Antalya, Kemer, Finike, Sile, Kas, Kalkan, Hisaronu, Fethiye, Gocek, Dalaman, Dalyan, Koycegiz, Marmaris, Bodrum, Didim, Kusidasi, Cesme, Izmir, Foca, Ayvalik, Canakkale, Silivri, Sile, etc See What our Clients Say About Us...click here.
Property Finding Services for Professionals...
Property Finding Services for Professionals...
Professional Services for Residential Real Estate Investors:
- Location Assessments & Relocation Advisory...
- Property Types and Features...
- Investment Profiling & Strategies...
- Compliance with Investors’ Criteria, Directions, and Instructions
- Advisory, Guided, or Fully Managed Services
- Foreign Investment Advisors active in Turkey for 30 years since 1989
- Multi-channel, multi-source 'whole market' property searches...
- Request more information today, without obligation, email to info@mytapu.com and include your Telegram or WhatsApp for a free call back...
The Key to Successful Investment
Presuming knowledge and experience gained from other countries is applicable in Turkiye - is the single largest cause for investment failure. Differences in law, land registry practices, tax, accounting, banking, cultural and especially local business practices, do impact investment results. The key is to prevent years of troubles, before buying... All successful investors apply a fundamental discipline that is The Key ingredient of success...
What Investors Say About Us
Investment in residential property in Turkey by International Buyers has been permitted beginning in 2007. Since that time My Tapu Associates have served more than three thousand investors with the advice needed to avoid typical dangers and make their investment a success... See what insights Investors share about buying and selling property in Turkiye, and the value of our Independent Professional Advisory Services (not real estate commission services) here.
Everything we do at mytapu.com is designed to give clients the best chance for investment success. We've built our business around the conviction that you rely on us to look out for your best interests—helping to make sure you get a fair deal from us. Our approach is to take a stand for all investors, treat them fairly, and give them the best chance of investment success…
The Secret to Successful Property Investing in Turkeyis revealed here...
The Investors Tool-Kit for Purchasing Residential Property in Istanbul & Coastal Regions of Turkey. A Safer, Smarter, Better Way to Invest... Safe, Secure, Institutional Services; Qualified Professionals - Not Agents
EU Visa, Travel Hub, Relocation,
Foreign Investors' Advisory Services established 1989.
Legal Due Diligence...
Reservation Deposit Security, Appraisal Valuation Report Assessment; NEGOTIATION of Price, Procedure: Risk Assessment of Contracts, Counter-parties, Procedures, and Settlement Preparations...
Conveyancing...
Transfer of Ownership, Access, Completion with Documentary Payments, Tax Registrations, Notaries, Apostille, Translations, etc, and 1st Step for Citizenship Applications...
Property Search & Find Services (not sellers' estate agents !)
Property Search & Find Services (not sellers' estate agents !)
- We Search the Whole Market (not a few agents’ websites)
- Direct from Owners (agents avoided)
- Auctions of Liquidation Sales by Competitive Open Bidding
- Property Portals
- Bank Foreclosure & Liquidity Distress Sales
- Private Networks
- All Types: Off-Plan, New-Built, Re-Sales, Re-Furbs, Re-Pos
- Searches Designed for All Budgets
- Re-Location, Life-Cycle & Life-Style Advisory
- Rental Income Portfolio Yield & Risk Enhancement
- Asset Investment Profiling: Yield & Capital Appreciation
- Request more information today, without obligation,
Contact us today for more information at info@mytapu.com and include your WhatsApp or Viber number to receive a call back…
Find the Property Yourself ?
The Property Finder’s Service opens up for the buyer the entire market of properties available for sale in Turkey. All without an agent, and without being limited to only those properties an agent has a positioned for selling at the maximum hidden profit.
Or Delegate the Property Search to Experts...? Property Finder Search & Selection Services....
Where to Buy Property in Turkey ? The Search Begins at Online Portals…
Where to Buy Property in Turkey ? The Search Begins at Online Portals…
Deciding where to buy property in Turkey, the best way is like the locals do. The search begins at the online portals, to get an idea of what types of property are available in each different local area, is a key step in selecting where to buy. Read more by clicking this link, about how and why using online portals is the only smart way to decide where buy...Like a Local...and understand the different types of property available in each different local area, a key step in selecting where to buy. Or, rely on more than 30 years of first hand experience of a Property Finder on the Team at mytapu.com, with knowledge and key insights about local climate, lifestyle variances, infrastructure, amenities, and supply & demand, covering all Istanbul, and all western coastal regions of Turkey from Anamur to Zonguldak...!
Bargain Hunting for Properties in Turkiye ?
Here’s How to Do It
…
Properties in Fethiye: GBP 80,000 to GBP 160,000… !
What is the best website for finding property to buy in Turkiye ?Click here to Learn More...
The Secret to Successful Property Investing in Turkey is revealed here...
Rental Income and Long-Term Capital Gain... Coastal Resorts and Holiday Home Investment in Turkiye...
Customer Testimonial Reference
“I really appreciate you keeping me from getting into a bad situation. You were absolutely correct in regards to what I would find in xxxxxx. I trust that you are correct with regards to xxxxx and xxxxxx. I am going with your advice and appreciate your input.” JL, Bodrum & California JL requested complete guidance on all matters ranging from travel, relocation considerations, location comparisons, property finding, and purchase transaction completion.
Why to Buy Property in Turkey with On-Line Portals instead of From an Agent ?
Why to Buy Property in Turkey with On-Line Portals instead of From an Agent ?
· Wider Choice
· Less Risk
· Lower Prices
· No Commission
· No Reservation Deposits
· Buy Like a Local…!
Internet search results for property in Turkey show completely different results in English, instead of Turkish. In English the results show only the web pages of English speaking commissioned sales agents. No Turk would ever buy from them and neither should a foreigner, because there’s a better way, the Turkish way… to Buy Like a Local…! In Turkish language the internet search results show all the on-line portals. This is where Turks go to buy properties. Why ?
- Wider Choice: The portals show every property for sale in Turkey. The English on-line websites only show a few hundred, those the agent can obtain the highest commissions and hidden-price mark-ups on.
- Fewer Deceptions: The Portals are for sales direct from owner. No middleman to mislead buyer or seller for his own advantage.
- Lower Prices: No commission and hidden price mark-ups for the agents’ pocket.
- Less Risk: No ‘reservation deposit’ hoaxes.
Different Valuation Types: The Best Valuation Report for Negotiating Property Purchase Price ?
Different Valuation Types: The Best Valuation Report for Citizenship & Residency Applications ?
Different Valuation Types: The Best Valuation Report for Mortgage Applications ?
The FIRST Step of the Investment Process…
The FIRST Step of the Investment Process…
Investors, the FIRST Step of the investment process is to complete the Advance Preparations: registrations for Tax ID, Foreign ID, Bank Accounts, Authorisations, etc. This will put you in position to close the deal on a property purchase with negotiated price discounts by making a full completion payment quickly and safely, thus securing ownership cost-effectively, and with least risk. Ask the Team at mytapu to assist you with the Advance Preparations: these can be done while visiting Turkey, or can be done remotely, where you are at, now. Email to info@mytapu.com and include your Telegram or WhatsApp or Viber number to receive a call back… and include your WhatsApp or Viber number to receive a call back… and include your WhatsApp or Viber number to receive a call back… and include your WhatsApp or Viber number to receive a call back…
The alternative ? The alternative is to be ‘drawn in’ and then pressured to pay a ‘reservation deposit, or other form of part payment, etc. This alternative will:
a) Increase your costs and risks;b) Weaken your negotiating position,
c) Prevent achieving best discounted price;
d) Increase costs of legal protections to protect your part payment & legally bind the seller;
e) Increase the risks of hidden non-disclosure of information: the things you wish you had known about before, but only found out afterwards.
Without Advance Preparations, you will be pressured into paying a ‘reservation deposit’ or other part payment: DO NOT. Why? Read more here about why NOT to pay a reservation deposit, or part payment. Local Turkish buyers do NOT buy property this way, and do NOT pay reservation deposits. If YOU want to buy the same way, like a local Turk, read ‘The Guide’ explaining
‘How to Buy Like a Local’. Email to info@mytapu.com and ask for a Free copy of ‘The Guide, How to Buy Like a Local’.
Secrets to Successful Investing… Key Insights…
Using the Property Finder service has the added advantage and benefit of having integrated procedures for checking if the most commonly occurring risks are present on a property:
a) the most commonly occurring cadastral risks involving permits and tax evasion (which will cost a buyer tens of thousands if not prevented).
The Preliminary Due Diligence service is the solution to this problem;
the most commonly occurring price risk of the sales price of the property- is it at fair market value, or instead has been inflated by an artificial price mark-up …?
The Short Form Price Indication service solves this problem.
These risks are best managed as integrated steps within the Property Finding procedure, before any discussion of viewing appointments, reservations deposits, advance payments, negotiations, (if desired, but not essential IF local procedural alternatives that are better, are applied instead) and Appraisal Reports at the end as part of Completion and Conveyance Procedures.
Yes, it is sensible to complete the Short Form Price Check report immediately after the Preliminary Due Diligence risks have been assessed.
Over paying on the purchase price by 10-50% is the second most common risk international buyers encounter...!
Legal Checks on a Property, Ownership, Permits, etc: Due Diligence
Legal Issues for Property Purchases & Sales: Transaction Management
Completion for a Property Purchase or Sale: Conveyancing
Buying Turkish Property for Citizenship Investment...
Buying Turkish Property for Citizenship Investment...
- Rental Income Properties in Central Istanbul tenanted on multi year contracts...
- Know your rental income yields before purchasing....
- Negotiate your purchase price discounts accordingly...
- These are private network offerings for discreet purchase...
- Off-Market: not listed on portals, with agents, or elsewhere.
Investment Research...
Investment Research...
The One Best Strategy as Price Trend Changes from Down to Up...
- Defensive, Quality, Central
- Maximum Gain, in Shortest Time
- Maximum Rental Income Yield
As a market turns from down to up, this is the single best strategy...
The strategy that makes the gains first, before the rest of the market follows..
The strategy choice of professional investors...
Eight pages of investment research... Asset Profiles, Valuations, the Lira ...
Insights & analysis from 25+ years of residential property investing in Istanbul...
Read more here about buying property in Istanbul & Turkey.
Enquire by email ... click here.....
The Key to Successful Investment in Turkiye....
Share New Insights with Friends !
What MyTapu Clients & Investors say about MyTapu: Customer Reviews.....
Istanbul’s Most Desirable Suburban Destination
Sea Views, Back & Front: North Facing Black Sea, South Facing Bosphorus
Forest Hill Crest: City Centre 20 minutes, Airport 40 minutes, Metro 10 minutesPool, Spa, Leisure Centre; Beaches 10 minutesTop Quality Finishings & Black Marble StaircasesElite Gated Community: Built by Society Family as Personal Residences3 Bedrooms,2 BathroomsEstimated Valuation $ 275,000 = request updateOriginal 2017 Listing Price of $ 465,000
Contact the Team at mytapu.com here...
Careful Property Searches do reveal exceptional bargains at prices worth negotiating. For example, a bargain, new luxury finished 3+1 residence in a small exclusive gated community on a hill crest overlooking one of the most desirable suburban residential neighborhoods outside Istanbul, 20 minutes from the centre, surrounded by forests, with twin sea views on either side: one of the Black Sea, and one of the Bosphorus...
...an 'off-market' buying opportunity at a 15% discount to other surrounding properties of similar size, of lower quality and less desirable positioning (see above). These are the market conditions to uncover liquidity driven distress sales. Finding these types of properties is what bargain hunting is all about...!
Istanbul’s Most Desirable Suburban Destination
Istanbul’s Most Desirable Suburban Destination
Scanning the Internet, Searching for Property…?
If you do not speak Turkish, and do not search using the Turkish language, what you will find is pages and pages of websites designed only to lure non-Turkish speaking foreign buyers. These are the websites of English speaking agents. They do not do business with local Turkish buyers, because no Turk will deal with them. These agents want to do business in a specific way (that is to their advantage) that is only possible with unsuspecting foreign buyers. No local Turkish buyers will buy property this way... (continue reading).
How to Begin Your Property Purchase in Turkey
Using the internet to scan English speaking websites of property agents in Turkey is fine for ‘window shopping’, but to then start your property purchase procedure that way, is a mistake. If you do, the agent will lock you into their ‘marked-up’ prices with a falsely named ‘reservation deposit’, and what follows afterwards, is a long story of things you wish you had known before you paid, but didn’t find out until later.
Reality Check...
Reality Check...
Surfing the Web Looking at Agents’ Websites for Property to Buy…?
Time for a Reality Check…
Reality:Do You Know…?
b) These english language websites are offering property to foreigners with hidden price mark-ups of 10%-20% and more…
c) Agents will tell you the Eksper Appraisal Reports value property 20-30% below the real price -they say this to hide their mark-ups
d) If you pay $250,000 for a property from an agent, and the Appraised Value is 20-30% less, you will not qualify for Citizenship
e) Purchasing from an Agent that marks prices up 20% means paying $300,000 for a property with an appraised value of $250,000.
f) More than 85% of property transactions in Turkey do not originate with agents, but with on-line portals ....
g) On these Turkish language portals, owners sell directly to buyers with NO agent in between…Turks do, and so can you...!
Buying a property through on-line english language website agents is not smart… and will cost you BIG…
Solution:
1) Buy Like a Local, using the Investors’ Tool-Kit at mytapu.com,with Turkish language help for non-Turkish speakers
2) Choose from a complete range of professional investment services
3) Search and find the best deals from the whole market (not just a few agents listings)
4) Apply all the required precautions to ensure buying safe and secure
5) Coordinate the property purchase procedure with the Citizenship Application procedure
6) Save $10,000 to $30,000by avoiding agents’ hidden price mark-ups*
7) Save $ 7,500 in agents’ commissions*
8) Save $5,000 in stamp tax by ensuring the agent’s client, the seller, pays his share*
*Assuming a $250,000 purchase
Don't be mislead by agents... Get the Guide...
At mytapu.com we know HOW to FIND property in Turkey.
How to use the vast on-line property market places that dominate the Turkish real estate sector, to...
Find a Property… Not an Agent…
Avoid the Price 'Top-Ups' and Hazards....
Most importantly, we will show you HOW to ‘BUY Like a Local…’
The way local Turks buy… NOT the way agents mislead...
The procedure for buying property in Turkey...
The Safe way to Buy Property in Turkey…!
A Safer, Smarter, Better Way...
Get the Guide Now…
Email to Buy@mytapu.com RE: 'Send the Free Guide'...
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| Key Local Knowledge A Property Finder can tell with the first glance if: -The property is over-priced with agents high commissions; -The pictures of the site and local environment are misleading; -The location map is ‘wrong’.. All Types: Off-Plan, New-Built, Re-Sales, Re-Furbs, Re-Pos Area Location Site Facilities Build Safety Structural Legal Due Diligence Appraisal & Valuations Negotiation Tactics Costs & Budgets Contracts & Legalities Payment Techniques Process Methodology Best Practice Investment Managers ‘London’ Standards RICS Frameworks Reputation: Advising International Institutional & Private Client Investors on Real Estate Investing Transactions in Turkey since 1991. More than 3000 Transactions totaling $5-Billion+ |
Why a Property Finder Service...?
Why a Property Finder Service...?
For the simple and most obvious reason, often overlooked - an estate agent works for the seller of a property - not the buyer.
If you have any doubt about this, there is a simple test to prove it- inform an agent you did not find anything on their website that you liked and ask them to find you a property from the wider market- they may say they will, but they never do … the only thing they will show you is their listings of property from their clients, the sellers. The best you can expect, is that they will show you a new listing when they have one.
If you need further proof, try selling a property, and listen to the agent justify the high commission charged, by the need to have effective negotiation skills to sell for the highest price possible... !
For the sale of a new property from a developer in Turkey, the agents are often working on commissions as high as 15%, and often the original price is 20% above the prices offered to local Turks. This is why many foreigners that bought property in Turkey years ago, still can not resell at a price that brings them a profit. Citizenship Investors Beware: Over-Priced Properties will Not Value at the Sales Price for Passport Application Purposes...
And let's not forget, the agent is working against the buyer from the start, trying to drive the price up as high as possible.
These practices create circumstances where the agent is in the day-to-day business of continually making misleading statements to both buyers and sellers. And so it is no surprise that agents can only be relied on to do two things: the first is to get paid their commission somehow, anyhow. The second, is to use any number of misleading statements to buyers and sellers to close a deal. Neither a buyer nor a seller should believe anything an agent says – never. A buyer should have all documentation for the transaction checked, and should never pay a ‘reservation’ deposit.
So as a buyer, your smartest move is not to believe anything an agent tells you, and to find the property, to somehow research all the thousands of listings at the different agents sites- but it’s a time consuming labour- and for this reason a smart alternative is to use a Property Finding specialist, like the service provided here… enquire at the email address below and an expert from mytapu.com will contact you shortly...
Thank You! What clients say about us…
Email: Buy@mytapu.com
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Buying FROM an Agent or WITH a Property Finder...?
A little friendly advice from a successful investor, one of our clients....
'We are about to cover some things that may be surprising- these are the unspoken truths about the real estate ‘business’ and the way it’s conducted. And much of this concerns real estate agents, because they are such a large part of the market- their storefronts are everywhere- on main street, and on the internet. So the first reality check is to ask why?
And the answer is obvious- because they are selling property. That’s right- they need these store fronts because they are working for the owners to sell their properties. So let’s be clear about this at the start- real state agents do not work for the buyer of the property- they work for the seller, because the seller pays their commission, and to get that commission, they invest in storefronts and displays and advertising and promotional releases and the rest. Somehow this is a key fundamental point buyers often overlook, usually as a result of the persuasive tactics of- you guessed it- the agent ! Persuasive they may be, but that is not a good reason for a buyer to believe them… on anything, no matter what they say, the word is ‘never’.
When I started out buying my first property thirty five years ago, I naturally trusted the agents to guide me…. Because like most people I just drove around the streets I liked, and looked for ‘sale’ signs- makes sense, right? I wasn’t aware there was an alternative, until after my first struggle to get the facts about a property from an agent. Frustrated and incensed, I did some more research, and discovered there is another type of real estate service that avoids all the hassles of dealing with these seller’s agents. A service that works for me, the buyer… without the seller’s paid commission salesmen involved at all. That was both a relief, and pleasant surprise..!
This other type of real estate business that works for buyers is called a sourcing agent, or property finding service. Never heard of them? That’s because they do not have the huge budgets to spend on advertising property that goes with an agent advertising their brand – profits that an agent makes from the seller’ commission. And guess whose paying that? Yes, most often it’s the buyer paying by purchasing at an over-stated price, which the seller receives, and the agent gets a share of. See how it works? Not in favour of the buyer…!
With property finders, quite often it is possible to purchase direct from an owner without an agent involved. And what’s more, property finders are negotiating with the agents all day every day, and they are much more experienced and knowledgeable on how to deal with agents and their tricks, than you or I. They have much more information on property valuations and recent sales prices and use it to negotiate price downward. In addition to being a better strategy to buy property at a lower negotiated price, a buyer usually saves on fees also, because property finders’ services are always less than a comparable commission that an agent builds into the sales price.
So getting better deals and making more money are key reasons that using a property finding service makes it possible to achieve better investment returns and grow the portolio faster. That’s not all- there’s also the risk side of things to consider. Using a property finder is essential for managing key risks that can ruin an investment, and turn a property investor’s dream into a nightmare….and there’s a lot more to say about that....'
JH, Multi-Property Portfolio Investor in Turkey, based in London
How Property Finder cuts costs...?
How Property Finder cuts costs...?
When first beginning a search for property in Turkey, the first impression of agents is quite positive, as they are skilled at presenting themselves as helpful and re-assuring. And then learning the facts, it is often shocking to later find out how much was untrue of what they have told, and how little work the agent actually does for the buyer.
The opposite is true using a property finder service, which includes many added benefits. To find the property meeting a families needs they prepare a Fact Finding Report that details those requirements and the specific locations that match, in Istanbul or local coastal areas of Turkey.
And they provide the legal oversight to make sure the property is legal and the risks of transferring title, and conveyancing, are properly managed. This is really important as it turns out, because it isn’t really safe to do it yourself unless you know what the issues are and what questions to ask. Many buyers think they do, at least know a little, but in reality that 'little' can be dangerous, and create misplaced confidence… with the mistakes learned later ! So it’s a good job to have some one who does know, and can take over as soon as the mistakes are realised, or ideally, before they are made. Having a Property Finder doing the work for you can be a real financial life-saver.
Never Pay a Reservation or Other Deposit ..!
Investor PrioritiesLife-Style Life-Stage Schooling Work & Business Transportation Medical Recreation Rental Income Discount to Market
‘Finding’ Property:Private Networks Existing Owners Internal Data Bases Portal Research The Whole Market
Investor's Tool-Kit...
Legal Due DiligencePlanning Permission, Permits Liens & Encumbrances Title Checks Title Insurance
Conveyancing...legal search, title transfer, settlement payments, more... .
What clients say about us… |
How does a Property Finder work...?
With more than 25 years experience in real estate investing in Istanbul and Turkey, at mytapu we know where and how to find property. Sourcing property, searching for and finding real estate, to satisfy investors' requirements regarding lifestyle locations, rental yields, off-plan, new-built, re-sale, re-furbishment, bank re-possessions. Avoiding the dangers and risks of glossy websites, and misleading agents… this is our business.
Serving international investment funds for more than 25 years, we bring those same high standards to work every day, serving private client residential property investors. In the early days, as they were seeking investment, we have come to know personally the owners and CEO's of the portals that dominate the Turkish real estate market today.
And our internal client relationships offer an excellent channel to source 'off-market' deals- these relationships include more than 3,000 foreign investors that have purchased property in Istanbul and Coastal regions in the past ten years plus; Turkish HNWI Family Offices for whom mytapu principals have previously performed private client banking and investment banking services, including the owners of eight investment banks, their CEOS' attorneys, advisers, etc.
Simply put, there are no estate agents for Turkish real estate, having comparable client relationships in terms of reach, size, or trust. These are the private networks we access to source and find private, off-market deals.
How a Property Finder reduces a buyers cost of purchase?
First a property finder negotiates a sales price downward to save costs- so the buyer isn’t subsiding the agent’s commission as paid by the seller from a marked-up purchase price, which is otherwise the real situation, hidden from view, and always denied. A foreigner buying a property from an agent advertised on the internet is usually paying 15-20% more than the market value of the property. Why is it so important? For the obvious reason that overpaying on a over-priced property means an immediate investment loss, but for Citizenship investors, it is critical because it may result in a Citizenship application being rejected, because a purchase of a property for $250,000 that is appraised at a valuation of 20% less would be only $200,000, and insufficient for Citizenship application. In other words, buying a property that is priced at 20% over market valuations would mean it is necessary to buy at a price of $312,500 or more, to qualify for the minimum investment of $250,000. Follow the link for more information about how mytapu.com can provide solutions with our knowledge of Appraisal and Valuation Methodology as provided by our experts via multi-lateral technical assistance programs to the Republic of Turkey in the late 1990s...
Second, a property finder does the specific things required on each transaction to ensure the buyers’ rights and interests are protected, and for each of these tasks, charges simple reasonable fee. In this way the buyer is assured the necessary things that need doing are going to get done, without worrying about the much higher legal costs of having to pay for things to get done after the purchase is completed (the usual outcome).
There are many specific advantages and benefits of using a professional experienced Property Finder in Turkey for the important matters which foreign buyers are always vulnerable and commonly fall victim to, at the hands of agents:
Misrepresentation – it is common for agents to exaggerate or mislead customers regarding a properties location. The most common practice is to refer to a property as being in ‘central Istanbul’ when it isn’t, and often it is 20-30 kilometeres away.
Legal Documentation- relying on a foreign buyer’s lack of knowledge about legal documentation in Turkey, agent’s commonly will ignore the issue of permits and documentation that shows whether the property legally complies with planning permission and has the necessary permits.
Purchasing Procedures- agent’s will lead the buyers down a path which places all the risk on the buyer, with no advanatages, and can result in a costly outcome, often requiring thousands of EUR in legal fees to rectify.
Deposits- agents commonly insist on receiving a 5% deposit from a foreign buyer, which ‘reserves’ the property, when in legal reality, it does not do this, and there is no requirement to pay a deposit, and a buyer should not, without a legally valid contract.
Legal Contracts- the majority of legal contracts agents provide do not protect the buyers deposit or rights and are not executed in a legally valid manner.
Valuations- agents follow a common practice of arriving at their own valuations based on nothing more than a whim for sales purposes, while all along a legal and appraised valuation report is never discussed or mentioned.
Payment & Banking- to advise and assist the buyer in establishing bank accounts and arranging payment documentation for the property purchase.
High pressure tactics- there is no end to the psychological tricks and sales tactics used by agents to get a deposit, and usually once it is paid, the agent then does little else to look after the interests of the buyer.
A buyer should never believe an agents verbal response when asked about these questions- a buyer should instead always request verifiable documentary evidence, i.e. written proof.
A professional Property Finder knows not just which questions to ask, and which issues to check, but knowswhere to get the documentary proof, and how to cross check and apply it, under different circumstances. This is especially important because every property purchase transaction is different, which is because Turkey is only slowly moving towards the type of standardisation that is common in many more developed countries. And the different risks, and misleading procedures applied by developers and agents, are the primary reason to prevent fraud by using ‘conveyancing’ for the transfer of ownership, access, and settlement payments... more so if mortgages are involved on either the buyer or the seller's side....
The issues above waste a buyers time and money, often travelling and arriving just to be dis-appointed, when all along there is a better alternative way to proceed with the purchase, and protect the buyers rights and capital - the way mytapu.com procedures are designed.
And to ensure that the Property Finders are working with, and for the buyers, to get the lowest price, the advisors at mytapu have
a solution that ensures the buyer benefits from buying at the lowest price possible- they agree with the buyer to receive a portion of the price savings achieved between the listing sales price, and the price negotiated down with the seller. And the advisors are real experts, they know the best way to do this, applying several different techniques that are tried and trusted. In this way the buyer is guaranteed to be buying at the lowest price possible.
Please follow the link here If you have any doubt about the advice received from mytapu.com, which rely on more than 45 years of dealing with real estate matters. These articles are so popular among clients, the three thousand + foreign property owners that have been advised on property purchases in Istanbul and coastal regions of Turkey over the past 15 years, and their friends that are now new buyers, that for weeks continuously there are many hundreds of pages reading the pages every day.
Finally, the most important reason to use a property finding service is ‘local knowledge’- specific things in specific local areas that you will never find out about until long after you have bought- and then it’s too late. If local agents would help out in this regard, that would be a good reason to consider using them, but the reality is, rarely can one be found that will, because they are working for the seller’s commission, as already explained, and they probably have properties listed for sale in those areas you want to avoid buying in. if you are a seller, that’s the best way to sell your property- to let an agent find an unsuspecting buyer...!
The Property Finding Professionals at mytapu.com are skilled, knowledgeable, and experienced...
...the Professional Investors choice- request a consultation today ...
How to Buy a Bargain: these four steps are key... (read more)....
Central Istanbul Rental Property Bargains: Off-Market...
Visit our Library for dozens of informative articles about Real Estate Investment in Istanbul and coastal regions of Turkey.... Click on the top menu bar 'More'... then on drop down menu... 'Articles'.
A ‘TAPU’ is a certificate from a Land Registry in Turkey that provides ownership and cadastral information about real estate.
Every property owner in Turkey has one – and that’s why we call our business ‘ my tapu‘…mytapu.com.
