Get everything you can't get on your own, be it land, housing, workplace, hotel, shopping mall or even taxi-dolmus license plate, by coming together...
It is difficult to sell a property to a single person! So, how about dividing it into shares and selling it quickly and at value?
What is OrtakMülk?
Our real estate experts will curate promising properties for you and prepare them for sale by dividing them into suitable share ratios.
Our expert legal team will provide continuous support during and after the buying and selling processes. You will receive ongoing assistance in resolving any issues that may arise among stakeholders.
Since your share of the property will be registered in our system, you can put your share up for sale at any price you wish, or you can make offers to purchase other shareholders' shares.
Are you looking to sell your property but can't find the right price? By listing it on our system, your property is added to our platform. The system determines the number of shares based on the property's condition and price.
We require a nominal deposit for reserving the shares of the property you wish to purchase, based on the number of shares listed. This allows you to reserve the shares you are interested in.
Our representative contacts all shareholders who have made reservations to schedule appointments for the buying and selling process.
Similar to current title deed procedures, you can either grant a power of attorney or appear in person to initiate the purchase process. The deposit you paid for the reservation is refunded, and once the payments due to the shareholders are made to the property owner, the title deeds are delivered to the shareholders.
How the System Works
In essence, we have adapted the process of purchasing with one or more partners in social life to the digital age. The only difference is that we protect the rights of shareholders under the OrtakMülk guarantee after the purchase. In short, we do not allow any situation that could disturb your peace.
More...FAQ
Yes, all transactions, including buying, selling, and post-sale activities, are conducted in full compliance with our laws. Additional agreements signed with the parties ensure that any issues arising after the sale, such as preemption rights or occupation claims, are addressed. Our expert team will take all necessary steps to protect your rights, ensuring that no shareholder faces any disadvantage.
Absolutely not! Besides the commission fees paid to us for transactions, we do not require any other payments. The system involves a direct financial flow between buyers and sellers. Just like in traditional transactions, titles are transferred, payments are made to the seller, and all shareholders receive their respective shares of the title. To ensure the system runs smoothly, a nominal deposit is required from buyers to show their seriousness, which is refunded regardless of whether the transaction is completed.
OrtakMülk is a system that allows buyers and sellers to invest with peace of mind. Our expert team is responsible for resolving any issues that may arise among shareholders after the sale. If a problem arises with a shareholder, their share may be purchased by other shareholders or by us according to the preemption right outlined in our contract, effectively removing the problematic shareholder from the system. Additionally, we continue to support shareholders in any issues that may arise beyond their control.
Just as a property can be seized for any finalized debt, a shareholder's share can also be seized in shared properties. However, a lien can only be imposed in proportion to the shareholder's share. So other shareholders are not affected by this situation. If we encounter such a situation, we request that the shareholder with the lien lift the lien. If the lien is not lifted at the end of the defined period, we apply to the court to put the lien share on sale and ensure that the lien share is put up for sale. In the sale, due to the right of redemption, the purchase priority of the share offered for sale is given to the other shareholders of that property. If other shareholders do not buy it, it is put up for general sale. If there is no buyer at this point; We, as OrtakMulk, purchase the seized share.
The amount of the seizure on a share is not significant compared to the share itself. According to our laws, the sale is conducted based on 50% of the property’s appraised value, regardless of whether it covers the seizure amount or not. For example, consider a property with ten shares and an appraised value of one million lira. Sales procedures start based on 500,000 lira (50% of the appraised value). With ten shares, the value per share is 50,000 lira. If the seizure amount on a share is 5 million lira, it does not impact the property value. The seized share is sold for 50,000 lira through an auction. After the sale, the seizure on the share is lifted. The proceeds from the auction are used to offset the seizure amount, and any remaining debt does not affect the share. Other shareholders may participate in the auction to purchase the seized share if they wish.
In accordance with our laws, in the event of the death of one of the shareholders, the relevant share passes to the heirs of that shareholder. Heirs may use the share with the same system or may want to sell it. Other shareholders may purchase this share with the right of redemption. If there are no bidders for the share from other shareholders, the share is put up for general sale. If there is no buyer in the general sale, the share will be purchased by us as OrtakMülk and the partnership status will continue. In order to ensure a peaceful partnership, we aim to enable shareholders to make their investments in confidence and peace with our comprehensive contracts signed by shareholders during purchase and sale.
Contact
Our customer representatives will be happy to get in touch with you 24/7.
