Which is more expensive, purchasing a property from the developer directly or through a real estate company?
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Which is more expensive, purchasing a property from the developer directly or through a real estate company?

Created: 2024-04-04 Modified: 2024-04-23 Views: 349 Luxury Signature Admin
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When you want to buy a property in Turkey and begin the journey of searching for the right property, buyers face an important decision: Do they buy the property directly from the developer or do they use a real estate company? This choice depends on several factors. In this article, we will compare the expected cost of purchasing a property directly from a developer versus purchasing it through a real estate company.

 

Purchasing cost:

When purchasing the property directly from the developer, the price may be lower due to anticipation in the early stages of the project. The developer usually offers promotions and payment facilities to attract buyers. However, the buyer must be prepared to pay registration fees, legal fees, and title transfer fees. When the buyer deals with a real estate company, there may be additional fees, including a brokerage commission. This commission depends on the value of the property and varies from one company to another. However, a real estate company can provide valuable services such as advice in the buying and selling process and negotiation on behalf of the buyer. When the client chooses to deal with the real estate developer directly, he will lose, as a result, the pre- and post-sale services provided by the real estate company for free in exchange for saving the small amount that is the difference between the construction company and the broker.

 

Ease of operation:

When purchasing the property directly from the developer, the process may be smoother and more straightforward. The developer usually undertakes all necessary procedures for transferring ownership and documenting contracts. However, some properties may take longer to complete, which means the buyer may have to wait a long time before they can move into the new property. On the other hand, a real estate company provides the necessary services to facilitate the purchasing process. The buyer can benefit from the experience and knowledge of real estate agents in guiding him through the purchasing process and providing advice regarding available properties and residential areas. Also, the real estate company takes care of the client legally, as it deals with companies officially through lawyers.

 

Legal protection:

When purchasing the property directly from the developer, the buyer must ensure that all legal documents are correct and appropriate. He should also check the developer's track record and evaluate his reputation before committing to the deal. On the other hand, a real estate company offers additional legal protection to the buyer. It verifies all documents and ensures their authenticity, in addition to providing the necessary support in the event of legal problems.

 

In general, the choice of purchasing the property directly from the developer or through a real estate company depends on the buyer's preferences and personal circumstances. If the buyer is looking for a direct purchase and cost savings, dealing directly with the developer may be the best option. If he is looking for additional support and legal protection, he may prefer to deal with a real estate company. Ultimately, the buyer should do the necessary research and consider all the factors before making a purchase decision.

 

Advantages of working with Luxury Signature Real Estate Company

  • We at Luxury Signature never take a commission from the buyer: The working principle of real estate companies in Istanbul is represented by the famous brokerage principle in all areas of trade and services, where the broker is given a certain commission from the seller in the case of completing the deal, with the attached condition that the client receives the same price without any increase. Therefore, if the client decides to purchase the property himself directly from the developer or through a real estate company, the price will be identical, but the client must be careful to benefit from the real estate company’s services before, during and after the sale, which are necessary services especially if the client is seeking to obtain Turkish citizenship.
  • We at Luxury Signature have a specialized legal team: We have a legal team consisting of a group of experienced lawyers in the fields of foreigners owning real estate in Turkey and obtaining Turkish citizenship, and they are proficient in the English and Arabic languages. Interested clients are directed to the legal team to ask all legal questions related to the process of owning a property or obtaining Turkish citizenship in its various cases. Although these consultations are usually expensive, especially if the lawyer speaks a language other than Turkish and has experience in topics of interest exclusively to foreign investors in Turkey, we at Luxury Signature do not charge any additional fees or fees for legal consultations. We at Luxury Signature provide you with free assistance in all legal processes and procedures, from obtaining a tax number, opening a bank account, applying for residency, obtaining Turkish citizenship, etc., and making sure that everything is handled correctly.
  • We help you in the process of searching for properties and choosing the right property: Our primary role is to help you find the ideal property that matches your preferences and requirements. We conduct a comprehensive search based on your criteria, which includes factors such as location, budget, size, and specific amenities. This service saves you the time and effort spent on searching, as our real estate consultants have access to comprehensive databases and networks, in addition to their relationships with construction companies, project owners, and property owners, which helps determine the appropriate options for you.
  • We perform market analysis and pricing guidance for each client to suit their budget and preferences: Determining the fair market value of a property is a crucial step in any real estate transaction. We use our knowledge of local market trends and comparative analysis to provide you with accurate pricing guidance. This ensures you make informed decisions, whether you are buying or selling a property, preventing overpaying or underselling the property.
  • We at Luxury Signature take the client on real estate tours to inspect the property: Our real estate consultants help you conduct real estate tours and visit projects to preview and inspect the properties to ensure that the property you intend to buy is in good condition and free of any hidden problems. They can also recommend reliable real estate appraisal companies and coordinate these crucial steps on your behalf.

Frequently asked questions

Does the purchasing cost differ when purchasing a property through a real estate company?

When purchasing the property directly from the developer, the price may be lower due to anticipation in the early stages of the project. The developer usually offers promotions and payment facilities to attract buyers. However, the buyer must be prepared to pay registration fees, legal fees, and title transfer fees. When the buyer deals with a real estate company, there may be additional fees, including a brokerage commission. This commission depends on the value of the property and varies from one company to another. However, a real estate company can provide valuable services such as advice in the buying and selling process and negotiation on behalf of the buyer. When the client chooses to deal with the real estate developer directly, he will lose, as a result, the pre- and post-sale services provided by the real estate company for free in exchange for saving the small amount that is the difference between the construction company and the broker.

Does the ease of the process differ when purchasing a property through a real estate company?

When purchasing the property directly from the developer, the process may be smoother and more straightforward. The developer usually undertakes all necessary procedures for transferring ownership and documenting contracts. However, some properties may take longer to complete, which means the buyer may have to wait a long time before they can move into the new property. On the other hand, a real estate company provides the necessary services to facilitate the purchasing process. The buyer can benefit from the experience and knowledge of real estate agents in guiding him through the purchasing process and providing advice regarding available properties and residential areas. Also, the real estate company takes care of the client legally, as it deals with companies officially through lawyers.

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