Straddling two continents, Europe and Asia, Istanbul is Turkey's largest, with 16+ million people, and most charismatic city. The Bosphorus Strait divides the city in to two, and forms a crossroads that connects East to West.
Situated in Turkey's Marmara Region, in the northwestern area, Istanbul is seen as the economic, cultural, and financial center of Turkey, with Istanbul Airport (IST) being listed as one of the world's largest and busiest airports.
Istanbul has a strong economy that supports a high demand for premium real estate, particularly in upscale neighborhoods like Bebek, Nisantasi, Etiler, Levent, and Bosphorus waterfront areas.
How To Find Property For Rent Buy Owner in Istanbul, Turkey
To find property for rent by owner in Istanbul, Turkey (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.
Web sites that are set-up for FRBO, allow filtering for listed by owner rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
Use a title company or closing attorney to handle escrow, title transfer, and record the deed, after learning how to find Properties for RENT listed by owners in Istanbul, Turkey, by using online platforms and web site listings portals, and buying the property.
