10 Advice to Get a Real Price of the Properties in Turkey
In this article from Ebla Real Estate, we will provide 10 advice to get a real price of the properties in Turkey.
How do you make sure that you do not overpay for the property you want to own in Turkey?
Those wishing to acquire real estate in Turkey have one common factor, which is to pay the real price of the property they want to obtain. This is a matter that worries investors in the Turkish real estate sector. It is important to get to know the real estate market well to get the real price. And that is by looking at the prices of houses for sale that are similar to the house you want to own.
Furthermore, you should ask about the neighborhood you want to buy a house in.. Is it a newly organized neighborhood? How close is it to public services such as public transportation, schools, hospitals, etc.? Is that house located in the old neighborhood? And how much is the demand for it?
The buyer who wants to buy a house or a specific property may not be able to access this information himself. Therefore, he must ask these questions to the real estate agent to reach the real price of the house.
We at Ebla Group Real Estate are ready to provide all real estate services of buying, selling and following up on real estate affairs for our clients from searching for real estate until owning real estate.
10 advice to get a real price of the properties in Turkey:
1-Looking at the newly sold properties in the same neighborhood:
Similar properties are those that are similar in size, location and services available in the area where you want to own a house or a specific property. For example, if the house space is 150 square meters and it is containing three rooms and a hall. And it is located within a residential complex, green spaces and other facilities. Moreover, its value during sale was 100,000 $. And it was recently sold, the real price of the house to be purchased is within the number range of $ 100,000.. Taking into account the difference in the interior equipment of the house and what it contains, or by comparing the price of the house with different houses in the neighborhood;
Definitely, the real estate agent is the best source for obtaining this information accurately.
2- Comparison with other houses in the neighborhood:
In this case, you have to visit other houses in the neighborhood and get information about them and compare their size, condition and amenities with the house you are considering.
You can then compare prices and their validity because the seller or real estate agent depends on the mechanism of comparison with similar real estates to determine the selling price of the real estate.
3- Comparison with the properties that were offered for sale earlier:
If the price of the house you are considering is similar to the prices of the houses that were for sale and were removed from the listings because they were not sold, so the house you want may be overpriced. Moreover, if there are many properties similar to the house you are looking for in the market, the prices should be close, especially if these properties are vacant.
As for how to obtain this information, it is the real estate agent’s function. We at Ebla Group Real Estate presents all the information to our clients about the current supply and demand in the real estate market and the time it will take to sell the homes offered in the market.
4-Looking at the real estate market situation:
By looking at the real estate market situation, depending on the real estate agent, you can find out if the demand for real estate has increased or decreased recently.
We at Ebla Group Real Estate can answer your questions transparently as well as presenting information about the situation of the real estate market in the neighborhood in which you want to own real estate at the present time.
5- Be careful when buying real estate offered by the owner:
Many people who want to buy a property in Turkey look at the commission that they will pay to the real estate agent for buying the property. This commission ranges from 3% and may sometimes reach 6% of the value of the property.
So they are looking for a property that is offered for sale from the owner to avoid paying the commission to the real estate agent, which is something that many sellers take into account when they determine the asking price of the property.
Often the seller determines the price of the property without consulting a real estate agent or comparing current market prices. Thus, the price of the property offered for sale is excessive.
6- The importance of the area in which you want to buy a house:
The area you have chosen may have future prospects that may lead to an increase in the price of the property. Such as, building shopping centers, hospitals, shopping malls, etc.
In this case, the possibility of a rise in the value of the home in the future seems high, even small developments in the area like adding more roads, building new schools, or adding internal transportation lines can lead to an improvement in price increases.
On the other hand, the area in which you want to buy a house may be a real estate development area. Here the matter may be different, the demand of houses may become high for the purpose of real estate development and home renovation. All this information you can get through the real estate agent easily.
7- Ask Ebla Group Real Estate:
At Ebla Group Real Estate, we work on an ongoing basis to analyze the real estate market data in Turkey to answer the questions of our clients about the prices of properties for sale in Turkey.
Moreover, thanks to the experience that we have in Ebla Group Real Estate, we can determine whether the price of the property is appropriate or not and what is the right price for the property.
8- Ask yourself: Does the price seem right?
If you do not want this property or it does not meet your needs, the price will never seem appropriate, even if the house is less than its market value because it is not as you wish.
Perhaps, if you paid a little more than the market value of a house you loved and it meets your requirements, you will not care about the amount you paid in return for buying the home you are looking for.
9- Negotiating the offered price:
Even if the price of the house is appropriate from your point of view, you should submit a lower price offer to the seller to see if the price is real or exaggerated.
Sometimes the seller offers the house at the lowest price because he does not want to negotiate. Additionally, others offer the house at the highest price because they expect to negotiate or they want to know if the buyer will make a higher bid than the real price of the house.
If the seller agrees to your offer, this means that the property is not worth this price and there is a chance to get the house at the real price. If you find the house that you want, beware of submitting an offer of a very low price for several reasons, the first of which is the seller may reject your offer and refuse to negotiate the sale because of the offer that you have offered is too low. The other thing is that you may be exposed to bidding from another party on the property.
10- obtaining a real estate appraisal:
Estimating the value of real estate in Turkey is necessary for those wishing to acquire real estate. In addition, the real estate appraisal is important because each property has special features such as location, property size, property plan and amenities. It is carried out by real estate appraisal companies.. And the real estate agent will guide you to obtain the real estate appraisal report.
Thus, we provided 10 advice to get a real price of the properties in Turkey. For more information, do not hesitate to contact Ebla Group Real Estate on the following numbers:
00905343240017
00905013500016
00902242231213
