Foreclosed and Distressed Investment Properties in Bodrum, Turkey
On the southwestern Aegean coast of Turkey, Bodrum can be found which is a world famous coastal city situated in Mugla Province, Turkey.
Located across from the Greek island of Kos, Bodrum has on offer the sought after Mediterranean climate, beaches and lifestyle that attracts tourists from across the world, which fuels the luxury property market, and thus supporting real estate investment.
Due to the areas limited coastline, as this is a peninsular land is at a premium, especially land with direct sea-views, with property in areas such as Yalikavak, Türkbükü, Gümüslük, and Göltürkbükü being very sought-after.
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
