Important advice for the Libyan investor in Turkey
Last Updated: 2023-07-27
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Important advice for the Libyan investor in Turkey
Many investors around the world have a strong desire to invest their money in Turkey and in all the investments offered in the markets. There is no specific sector in that. However, since this Libyan investor is completely alien to the Turkish country, and since he does not understand many of the issues and matters that exist there, he will be an easy victim that could fall into the hands of fraudsters and deceivers, so he must be careful in several concerns. As an investor, in order to get to know everything you find, we chose today to inform you and give you the most important tips that will help you with your investment project in Turkey.
1- Be careful not to fall into the trap of fraud:
Certainly, there are certain steps and signs that if you follow them, you will be far from any attempt to deceive and mislead in your purchase of real estate in Turkey. At any time and place there must be some unscrupulous people, so you must be very careful of them with careful attention. For example, you must be vigilant not to pay a single lira in advance. When all legal procedures are completed, you can then pay the full amount. You will also have the task to see the property on the ground and never give up this right so that the contents of the property are not tampered with while you are unaware of it and do not sign any paper without examining the details of the property completely. In addition to the need to ask about the identity of the person selling the property and his real estate agent as well, the agent must have an official permit to practice his profession away from impersonation in a false way. In addition to all of the above, you must keep the personal documents away, so as not to waste anything of them so as not to be tampered with, which could lead to your loss. Finally, when you decide to look for properties for sale in Turkey, it is preferable to be through well-known real estate companies that have a good reputation among the people, so you will be in deep reassurance in this project.
This is a very important factor, so you have to stay away from the crooked ways of buying a property in order to save some money, and the return will be the loss of all the money. First of all, you should be keen on extracting the real estate appraisal paper that determines the real price of the property by studying all its details. And you should never forget to obtain the title deed from the department responsible for this matter. There must be a security approval authorizing your purchase of this property, and this condition is only for foreigners residing in Turkey. When buying real estate in Turkey for sale, you must be careful about signing the purchase contract, as it must be within a special legal department for this matter. Every contract signed outside it is considered null and void. And you should be wary of buying a property off the charts without being there in person, as with this step you can easily be cheated. If the contract is signed, you will not be able to withdraw completely.
3- Be vigilant about the price of the property:
In order not to betray the price of the property, you have to compare the price requested for it and its conformity with the specifications on the ground. And the factors that determine its price, for example, if the property is close to the coast, and if it is located near the public transportation network, which is a factor that everyone is looking for. As is well known, the property within the residential complex is more expensive than the property separated from those complexes, and this is a clear element for everyone. In addition, the view that the property enjoys plays an important role in giving it its real price. Moreover, the age of the building; from its modernity the price of real estate in Turkey is determined, as the building with a modern age is considered more expensive than the old one because it is less consumed. Finally, there is an important factor that plays a role in determining the price of the property, which is the furnished property whose price is more than the empty apartment.
4- Experienced people should be taken into consideration:
Of course, you will not have enough knowledge on this subject, or you may have information, but it is incomplete. It is good to refer to a source working in the field of real estate to clarify some obscure matters. And of course, in this case, you will find a lot of real estate and legal experts who will save you a lot of time and a lot of fatigue. You will find your request of the property and within a few days and in a way that satisfies you from all parties, where they will have worked to reveal the secrets of this property and the things around it that can cause you huge problems.
5- Differentiate between real estate and its types:
Whoever is about to buy an apartment in Turkey must have experience in how to distinguish between types of real estate, for example, the real estate that is suitable for housing is not suitable for trade, and the commercial real estate cannot be suitable for housing, and if you do not pay attention to this matter, you will face many countless problems.
Whether the investor is in Turkey, Libya, or holds one of the other nationalities, he will need a lot of advice that guides him on the right path away from problems and loss.
Editing by Mersat Real Estate Team©
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