If you are a foreign Turkish property owner who has a holiday house, or an expat living in the country permanently, there might come a day when you consider selling, either for personal or financial reasons. Naturally, you will want to know how to sell your house in Turkey quickly and for the money you want.
It is crucial to re-enter the Turkish real estate market fully armed with facts because your Turkish home is one of your most valuable net worth assets. Here at Spot Blue, we have helped many foreign property owners sell their houses in Turkey, and there are specific reasons why some sell quicker than others and why some owners get the price they are asking for, without having to accept offers.
Below are some tips to help you sell your home quickly and for the price you want, but there are two things to know as well.
1: Some older Turkish homes do not have an Iskan (habitation certificate.) In some cases, these homes are on a higher tariff for utility rates, which instantly puts off buyers. Also, Turkish banks will not give mortgages for homes without an Iskan, so a large section of the house hunting market is restricted to you. If you choose to sell your house in Turkey without an Iskan, potential buyers will ask for a massive discount to offset the cost of applying for it.
2: Secondly, if everything is in place, and your home is well looked after, as well as marketed at an ideal price, be prepared to move quickly. The selling process of houses in Turkey moves at a faster pace than that of other countries, and if your buyer is a Turk with instant cash, the sale will only take one to two days at the most. (Talk to us to know more about power of attorney if you can’t be in Turkey for the sale.)