introduction The key to a successful real estate investment is the ability to resell the property within the planned time frame. If reselling is easy and matches the expected profits from the start, it shows that the investment analysis provided to the investor before the purchase was thorough and effective.
It is important to note that average annual profits for investment properties can fluctuate year to year. However, they should never fall below 20% annually and can potentially reach up to 70% in relation to the dollar. This trend was notably evident for investors who began their investments immediately after the end of the COVID-19 pandemic, a period when many were eager to sell their properties at any price.
The economic climate significantly impacts the profitability of reselling real estate. During periods of economic prosperity, it is advantageous to sell properties. Conversely, during economic downturns, when property prices are lower, the optimal strategy is to purchase additional affordable properties rather than selling existing ones. Unfortunately, not all investors recognize this crucial factor. As a result, they may attempt to sell their real estate during a recession due to a perceived lack of liquidity. This can turn what should be a profitable investment into one with limited returns or even losses, especially if the investor did not receive a thorough investment analysis from the start. Relying on informal advice from friends and acquaintances, rather than professional guidance, can lead to paying hidden fees and commissions, ultimately transforming a promising investment into a troubling experience.
In this article, we will explore the process of selling real estate in Turkey through Right Home Company. We will cover the available methods for selling, as well as the necessary documents required for a smooth transaction.
What documents and information are needed to sell real estate in Turkey?
When you reach out to us to sell your property in Istanbul, Turkey, please provide the following details:
- Copies of the title deed for the properties to be sold, showing the owner's name, who should be the same person contacting us.
- Photos and videos that clearly showcase the property’s area, view, and finishes.
- Information on whether the property is used or new.
- Details on the property's occupancy status, including whether it is currently rented or vacant.
- Information on whether the property is furnished, and if so, the condition and type of the furniture.
- The expected selling price, if you are able to provide an accurate estimate.
In addition to the general information listed above, if you choose to work exclusively with Right Home to sell your property, please include the following details:
- A formal agency agreement transferring the authority to sell from the property owner to Right Home Company.
- The keys to the property must be handed over to Right Home Company to facilitate showings to potential buyers. If the property is currently rented, the tenant must be notified that Right Home Company is responsible for handling the sale.
Why choose Right Home exclusively to sell your property?
- Right Home has been active in the Turkish real estate market since 2012, serving a broad range of local and international investors.
- Right Home provides sellers with prices that are higher than the average market rates.
- Right Home invests in marketing efforts to effectively promote its exclusive properties.
If you choose not to work exclusively with Right Home Company:
You are free to manage your property sale independently. In this case, we will retain your property information and may present it to potential buyers who come to us with specific requests matching your property. If a suitable buyer expresses interest, we will notify you to arrange an on-site visit.
What additional services does Right Home offer?
For our customers, we provide comprehensive after-sales services at no extra charge, and for non-customers, these services are available for a small fee. Our offerings include:
- interior Design and Decoration: Professional design and decoration services to enhance your property's aesthetic appeal.
- Furniture Selection and Procurement: Assistance with choosing, purchasing, and arranging furniture according to your preferences.
- Apartment Rental Services: High-return rental management to maximize your rental income.
- Legal Services: Support with tenant-related legal issues and Turkish citizenship applications through investment.
- Real Estate Investment Consulting: Expert advice on expanding your investments in Turkey or planning your initial investment.
