The advantages of working with one real estate agent

Istanbul is a massive and sprawling mega-city that can be very hard to grasp for first time visitors. It can also be quite challenging to get from one end to another, if there ever really is one end or another.
If you are considering purchasing property here, the logical first step is to research and find an agent that shares a common language with you. As you probably have a finite time, be it a week or two, to find the property you want, it is best to start out with one agent that you have created a long distance relationship with and see where that gets you.

Try to find an agent that has a grasp of your needs, but be under no illusions as it’s up to you to outline your wants pretty clearly, agents are not clairvoyant . For non-resident clients, as an agent I like to have a pretty firm budget in my hands and at least a general idea of location (city center, outskirts, European side, etc). Also, any information on physical characteristics of the property is useful; is a view a necessity? Historical building or new? Also, before putting in a lot of research, an agent dealing with offshore clients would usually like to know how the property purchase will be funded. These are not meant to be invasive questions, but rather serve to limit everyone’s loss of time.

So, you have fulfilled your part, now what should you expect from the agent? If you have arranged a travel date, they should state clearly that they will indeed take you to view some of the properties that you have selected from their website and give you some idea of how long it will take to complete the viewings. A good agent will help you wade through the bureaucracy of the actual sale and contract and then help with after sale issues, it then becomes apparent that you are getting good value with the commission. It’s worth noting that a good Istanbul based agent will most probably run rings around a generic agent from London.

Maybe steer clear of this guy

Maybe steer clear of this guy

It is also important to be clear and discuss up front the associated fees of a completed transaction (be aware of anyone who is not transparent in this regard).
The agent should also disclose all potential problems there may be in a particular property…is it in a zone where foreigners can buy? Is it residential or commercial? What are the issues, if any, with tenants? Property problems come in all shapes and sizes but do not dispare as these are not likely to be dissimilar to issues seen in the Western world.

If you feel the agent is showing you properties that are close to fitting the bill, but you haven’t found exactly what you are looking for, don’t be shy about asking the agent to contact another agency for alternatives. If you try to do all this by yourself, it can lead to a great loss of time and can be very unproductive, as someone who you have not been working closely with will likely just try to sell you what they have on the books and not necessarily what you want. They may drag you half way across the city to show you a 2 bedroom, when you specifically asked for a three bedroom.

If your agent feels you are a serious client, they will likely go the extra mile for you, and you will have seen more properties that are to your liking in a more efficient manner. Ultimately, it helps to do a fair bit of research prior to arriving in the city and to have at least one person you feel that you can begin to work with.

My kind of agent!

My kind of agent!

Even though I mainly work in Beyoglu, if I feel good about the client, I’ll gladly extend my search to other areas.

www.lilimont-istanbul-realestate.com