As the real estate market in Istanbul continues to grow, many buyers are looking for apartments for sale in Istanbul directly from the owner. While there are benefits to buying a property in this way, it is important to consider all available options before making a decision.
We will talk to you in detail about this topic, how to own property through the owner directly, or through the real estate broker, the benefits you reap, and the potential risks
We wish you a good follow-up by reading this article prepared for you by Al-Fanar Real Estate.
Why are you looking for apartments for sale in Istanbul directly from the owner?
There are several reasons why someone is interested in looking for an apartment to buy from the owner directly without the need to deal with real estate brokers, the most important of which are the following:
Saving the side costs of buying the property
When buying directly from the owner, there are no commissions or fees to be paid to the real estate broker, which can lead to significant cost savings for the buyer.
Additionally, buyers may be able to negotiate a lower price directly with the owner, which lowers the overall cost of the property.
More flexibility in negotiating with the seller
Buyers who buy directly from the owner may have more flexibility when it comes to negotiating the terms of the sale. This can include factors such as down payment, payment schedule, and final date for paying the installments of the apartment.
When working with a real estate broker, buyers may feel they have less control over the buying process. By buying directly from the owner, buyers can take a more active role in the transaction and have more control over the details of the sale.
Speed and direct contact with the owner
When working with a real estate broker, all communication goes through the broker, which can lead to delays or miscommunication. When buying directly from the owner, buyers can communicate directly with the seller, which can lead to a faster transaction.
Some buyers may prefer to work directly with the owner because they feel they have a better understanding of their request, and they may also feel they can build a personal relationship with the seller, making the transaction more pleasant and less stressful.
It is important to note that there are also potential risks and drawbacks associated with buying directly from an owner, as these can include issues related to property ownership and legal documentation, as well as the lack of protection that would normally be provided by a licensed real estate broker.
Therefore buyers should carefully consider all the factors involved and seek professional advice before making a final decision.
Methods of obtaining real estate directly from the owner
There are several ways to get apartments for sale in Istanbul directly from the owner, including:
electronic applications
One of the most popular ways to find apartments for sale in Istanbul directly from the owner is by searching online classifieds sites and electronic applications such as the “Sahibinden” application, where real estate owners advertise their properties for sale directly, and buyers can contact them through the website and contact information. described in the advertisement, but Turkish language proficiency is required.
Social media
Many property owners in Turkey also use social media platforms such as Facebook and Instagram to advertise their properties for sale and buyers can search for properties using relevant hashtags, or join groups and pages dedicated to buying and selling properties.
through relatives and friends
Word-of-mouth referrals from friends or family members can be a popular way to find apartments for sale in Istanbul directly from the owner, as buyers can ask their network if they know anyone selling property, or if they can recommend a trusted landlord.
The risks of searching for real estate for sale directly from the owner
We cannot look at the issue of searching for apartments for sale in Istanbul directly from the owner without looking at some of the negative aspects, potential risks, and obstacles, represented in the following:
When buying properties directly from an owner, buyers may not have access to the same legal protections that are offered when working with a licensed real estate agent or broker. This can include protections related to contract language, property ownership and dispute resolution.
There is also difficulty in paperwork and documentation, as it is more complicated when you do it yourself, and the matter becomes more difficult and dangerous with the buyer’s lack of proficiency in the Turkish language or his lack of knowledge of real estate laws and prices.
The options in front of you are limited and unorganized, unlike searching for real estate through real estate brokers, where they have more options by virtue of the nature of their work.
When dealing with property owners directly, buyers may be at greater risk of fraud as this can include properties that are mis-described or not as described in the advertisement, or outright fraud and we have seen many of these types of scams victimized by buyers They wanted to save some money, so unfortunately they lost the price of the entire property.
If the owner is not in a hurry to sell, negotiating flexibility with him is very difficult, especially with so many interested buyers.
In the case of purchasing by himself, the buyer is obliged to work himself with regard to legal procedures, verifying ownership and issuing the required papers for that
Likewise, the buyer may fall into the trap of real estate ownership in the prohibited neighborhoods in Istanbul if he does not know them well or is not familiar with their updates.
Which is better, buying from the owner or through the broker in Istanbul
When it comes to buying a property in Istanbul, there are two main options: either to search for apartments for sale in Istanbul directly from the owner or through a real estate broker. While both approaches have their pros and cons, there are several reasons why buying a property through a real estate broker is The best choice.
Firstly, working with a real estate broker can save time and effort in researching many options of real estate as brokers have access to many options.
