Advantages and disadvantages of buying resale villas in Istanbul

Created: 2022-09-12
Last Updated: 2024-04-26
Views: 1072

Content Index

Definition of resale villa:
General characteristics of the villa:
Advantages of buying resale Villas in Istanbul:
Disadvantages of resale villas in Istanbul:
Cautions that the investor should check before buying:

Many investors prefer buying resale villas in Turkey instead of buying new villas, whether these villas are separate or within residential complexes, as it is the ideal solution for those looking for properties for sale with large areas and guarantees them the highest privacy but at affordable prices at the same time, and Istanbul has many options that can be offered to them and provide them with various options in Istanbul at reasonable prices, and this is why the market for resale villas is popular with many of them, it is a significant market in the volume of real estate sales in Turkey, and one of the main options that are offered to those looking to buy villas for sale in Istanbul, especially if the investor is looking for a villa at a suitable price, and resale villas have a large number of advantages and also have disadvantages. which the investor may not notice. In this article, we will show everything related to resale villas, the best areas and conditions that must be met in resale villas, and the standards the investor can rely on buying resale villa.

Definition of resale villa:

Villas were built some time ago and owned by a Turkish citizen and are legally registered in government departments in his name, and he lived in them or left it without living in it, these villas owned by individuals and not by a construction company, and they may be separate or within a residential complex, and villa often has a spacious garden and a private gate for its residents, surrounded by a fence on all sides. It is characterized by all residential services such as a kitchen, a reception room, living rooms, bedrooms and bathrooms. It usually consists of two or three floors above each other, and it has its own services such as a private garage for cars and a swimming pool, Villas are the most luxurious real estate units, in addition to their large area, and they are the most independent and private types of real estate.

General characteristics of the villa:

A special fence surrounding each villa separately, whether it is separate or within a complex.
A larger number of rooms, starting from 3 rooms and a hall and up to 12 rooms and two salons.
Enjoying a private garden attached to the villa, which may be front and may be front and rear.
Having private garage for the car inside a specific place designated for the car attached to the villa, and it may be a place for one care or more than one.
Multiple floors of the villa start from two floors (duplex) or three floors (triplex).
Including of a swimming pool in most of the villas, whether they are separate or within a residential complex, rarely you may find a villa that does not have a swimming pool.

Advantages of buying resale Villas in Istanbul:

Prices of resale villas are affordable and cheaper than new villas in the same area.
Readiness of the villa for immediate housing once the purchase process is completed.
The possibility to get the title deed “Tapu” directly once the purchase process is completed.
The availability of various options to the investor to choose between offers at an appropriate price.
The price is negotiable or a big discount can be obtained by the owner in case he is forced to sell urgently.

Disadvantages of resale villas in Istanbul:

1. Payment is exclusively in cash and there are no installments at all.

2. The buyer is forced to renovate the villa from inside and make a comprehensive maintenance of all the facilities of the villa, which makes him spend additional money over the villa price.

3. The villa needs maintenance periodically if it is in an old villa.

Cautions that the investor should check before buying:

1- Age of the villa:

The investor should ask about the age of the villa, whether the villa is separate or within a residential complex, if the villa is located in the old center of Istanbul, such as Basiktas district, in which the age of construction exceeds forty years, while the age of construction in an area such as Beylikduzu may not exceed twenty years.

2- Verify the validity of the title deed:

The investor must verify the integrity of the title deed and that the villa does not have any legal problems such as taxes or a mortgage, especially that any mortgage on the property has a negative impact on its value and makes it difficult to sell, and you will not be able to discover this matter until two months or more have passed, as it is not mentioned in the title deed, and therefore it is necessary to check with the Tapu Directorate about the villa before buying, although the state recently stipulated that the owner of the villa must be exist with the investor while verifying the integrity of the Tapu.

The investor must check the share of the villa registered on the title deed, and make sure that it is written in the title deed “Tam Hisse”, which means the purchase of the whole villa in its entirety and not a share of it.

4- Buying a villa from a trusted person:

The problem of reselling lies in buying from trusted people, which is difficult to find except through the presence of a trusted real estate company with the investor, because the process of transferring money from the bank account of the investor to the owner of the villa, and there are many victims investors has exposed to fraud by some owners as the investor transfers money and then the owner of the villa disappears and the investor cannot buy as a result of being a victim of a scammer.

Buying from a construction company is much safer for the investor than buying resale villas from individuals, therefore there is no guarantee of the integrity of these people except through helping of a trusted real estate company that is known in the real estate market.

At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.

Our services:

- Legal advice.

- Property Management.

- After-sales services.

- Legal services and obtaining Turkish citizenship.

- Buying and selling real estate in Turkey.

- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.

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