Selling a property can be a complex process, especially if you are unfamiliar with the local real estate market and regulations. If you are a homeowner in Turkey looking to sell your property, here is a step-by-step guide to help you through the process:
Determine the value of your property: The first step in selling your property is to determine its current market value. You can hire a real estate agent or an appraiser to conduct a property valuation and provide you with an estimated price range.
Gather necessary documents: In Turkey, you will need to obtain several documents before you can sell your property. These include a property title deed (Tapu), a residency permit, a tax identification number, and a building use permit (if your property is a newly-built).
Hire a real estate agent: While it is possible to sell your property without the help of an agent, working with an experienced real estate agent can make the process smoother and more efficient. They can help you with marketing your property, finding potential buyers, and negotiating the sale.
Advertise your property: Once you have hired an agent, they will help you advertise your property through various channels, including online platforms, newspapers, and social media.
Arrange viewings: Once you have attracted potential buyers, your agent will arrange viewings for them to see your property in person.
Negotiate the sale: If a buyer is interested in purchasing your property, your agent will negotiate the sale on your behalf. This includes discussing the price, payment terms, and any conditions of the sale.
Sign the sales contract: Once you have agreed on the terms of the sale, you and the buyer will sign a sales contract (Satis Sozlesmesi). This contract outlines the terms and conditions of the sale, including the sale price, payment terms, and any conditions.
Pay any outstanding fees: Before the sale can be completed, you will need to pay any outstanding fees, such as property taxes, utility bills, and agent fees.
Transfer ownership: The final step in selling your property is to transfer ownership to the buyer. This is done by signing the transfer of title deed (Tapu devir) at the Land Registry Office (Tapu Sicil Mudurlugu).
Selling your property in Turkey can be a smooth and successful process if you follow these steps and work with an experienced real estate agent like the Asia Group Turkey.