Q&A

I want to find a reliable and effective way to deal with a property sale in Turkey

I want to find a reliable and effective way to deal with a property sale in Turkey that wont leave me embarrassed or compromised- I found this solution- so far so good - does anyone have any experience of their services to share? Friend visited me on holiday in Turkey a few years ago and bought a villa holiday home nearby, and now has asked me to find an agent to sell it. I was reluctant because the agents are all difficult to deal with generally in one way or another. And then I discovered this on-line portal like Ebay offering services in English language. Over recent years the traditional role of real estate agents in Turkey has changed with the coming of online property portals. Now days that is where most buyers begin their search for property. And for this reason, this is also where most sellers begin their search for a buyer. Estimates for the proportion of property transactions that originate from on-line portals range as high as 85% or more. Until now, a non-Turkish speaking buyer or seller did not really have access to these Turkish language portals. Instead, sellers list their properties at the next best place- the English language overseas property websites, some of which are ‘log-in’ portals, specialising in overseas property markets- Spain, Florida, etc. When there were many foreigners buying property in Turkey this was a possible solution to sell Turkish property, but now days with foreign buyers few and far between, it is not really an effective sales channel. With fewer and fewer tourism visitors, and even fewer buyers, hoping for ‘walk-by’ traffic from listing a property for sale with a local estate agent is an exercise in misguided hope. To address this gap, a group of property attorneys, mortgage specialists, and valuation experts, long established in transaction business for foreigners in Turkey, set up a property service business, mytapu.com. Foreigners using this service can now search local Turkish language property portals for bargains to buy, and for buyers to sell to- and deal with the price negotiations there and then. And there is more- a buyer or a seller will usually seek professional assistance in completing the transaction. This is essential to ensure all the required paperwork is in order… documents related to mortgages, valuations, insurance, and of course, tax documents. Mytapu.com has the experts- attorneys, appraisers, mortgage specialists, insurance experts, tax accountants- to manage all the documentation for all these requirements, in all areas of Turkey, for exchanges, and buy/sell transactions. This service benefits from quality and cost control, applied with policies of best practice governing the transaction process, as it applies to foreign non-Turkish buyers and sellers, streamlined with more than 10 years of experience, processing thousands of Turkish property transactions. So I was surprised that I found a good lawyer there too, and pleasantly so…This is important because the procedures for foreigners do differ from local buyers and sellers. Now buyers can find the bargains they’re looking for, and sellers can find the buyers they are looking for. And not only do clients receive support from independent professionals in the local area, they also have the reassurance of knowing the process is being managed cost effectively by experts. A ‘win-win’ solution for all, it would seem. .. anyone have any experience of this service to confirm this?