- Not Researching the Location: One of the biggest mistakes people make when buying property in Turkey is not researching the location. Before purchasing a property, it is essential to research the location thoroughly, including the neighborhood’s safety, accessibility to public transportation, amenities, and potential for growth.
2. Not Checking the Developer’s Reputation: Another mistake people make is not checking the developer’s reputation. It is crucial to choose a reputable developer with a good track record of delivering quality projects on time.
3. Not Getting Legal Advice: Purchasing property in Turkey can be complex, and it is essential to seek legal advice before signing any agreements or contracts. You should ensure that all legal requirements are met, and the property is registered in your name.
4. Buying a property on your own: Buying a home in Turkey without the assistance of a reputable real estate agency is a common misconception among international investors. If you’re going to succeed, do it on your own, but know that the odds of failing increase. The thousands of Turkish liras you thought you spent for a property may turn out to have been misappropriated due to real estate fraud or deception.
5. Not checking the property’s legal standing: Make sure there are no liens or other legal claims against the property that could reduce its value or prevent the transaction from going through before committing to a purchase of real estate in Turkey.