Important procedures for buying a property in Turkey
Last Updated: 2023-07-27
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Necessary Measures and Important Steps When Purchasing a Property in Türkiye
You might think that purchasing a flat in Türkiye is a difficult and complicated process that takes a lot of effort, particularly after thinking about the things to consider before purchasing a property in Türkiye. Especially since you are a foreigner, your lack of knowledge of Turkish language will be an obstacle to your goal, or you may fall into a trap due to the lack of your knowledge in the country, and you do not know whether the person who you are dealing with intends to help or harm you.
That's why the editorial team of Mersat Real Estate prepared this article to give you important details and steps to follow before buying a property in Türkiye.
In this article, you read:
- The decision to buy and how to make it.
- No purchase without negotiation.
- A few steps from achieving the target.
- The real estate scam has no religion.
- Mersat experts are better than many companies.
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The Decision to Buy and How to Make It:
Before plunging into the buyer pool, you should consider whether the purchase decision is right by following those steps:
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Consider the Time:
If you intend to end escalating monthly rental payments and settle in your comfortable home after you have arranged your business and family, this is the right time.
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Set a Budget:
One of the most important steps to consider is to decide the budget, on which the type, area and location of the flat are determined.
Other costs such as home insurance, title deed and property tax (KDV) should also be taken into account.
It should be noted here that the Turkish government exempts persons who do not have a residence permit in Türkiye and who have not resided there for more than six months (180 days) of the recent year.
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Purchase Purpose:
Determining your purpose of purchasing a flat in Türkiye will save you effort and time, as well as play a prominent role in specifying the location of the house and its specifications.
If you want to buy a house in Türkiye for living, you must specify where you intend to settle. But if your purpose of buying a flat is to invest and obtain Turkish citizenship, you will be subject to several conditions, the most important of which is that the flat price should not be less than US$400,000.
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Specify the Location of the Residence and the Specifications of the Required Flat:
Of course, you can't stand to live in a house that does not meet your needs, such as being too big or too tight as a matchbox. Also, you won't benefit from investing in an unwanted remote or dilapidated house in the real estate market.
Therefore, determining the specifications and location of the flat is a very important step on which the rest of the steps are identified, such as setting a budget and the purpose of purchase.
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Take Tours, Examine, and then Compare:
Oftenly, some people are hasty in their decision as when they see the first house and set foot on the doorstep (that is it, I bought it!)
Absolutely, that is wrong! You should see all available offers as much as possible by taking real estate tours, and check all the details of the flats you have seen. Then make a list of the houses you liked and the advantages and disadvantages of each flat, and then compare them and decide which one is better for you.
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No Purchase Without Negotiation:
The house you saw may tempt you with its view, area, decorations, and location, but be careful that specifications of the flat in Türkiye cloud your judgement. Open your eyes and negotiate the price of the flat before you buy and pay. A homeowner or real estate agent may covet what you have and ask for a higher price than the real one, because of your lack of knowledge of the real estate market.
This is where the importance of real estate valuation is highlighted by the real estate valuation companies assigned by the General Directorate of Land Registry and Cadastre, where they determine the price of real estate according to their specifications.
Of course, you can claim this paper before you make a purchase, do not accept any justifications from the homeowner or broker if it is not available, and do not pay for the property before obtaining this paper.
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A Few Steps from Achieving the Target:
After obtaining a real estate valuation and making a purchase decision, just some simple procedures and your house in the palm of your hand, where you must get a set of papers in order to transfer the ownership of the flat in Türkiye to you such as your personal documents, tax number and signing the title deed.
You may think that getting these documents is difficult or your time is too tight to perform these procedures. There comes the role of the honest real estate agent as he will do so on your behalf.
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The Real Estate Scam Has No Religion:
After all the procedures of transferring ownership, signing the purchase contract, paying the required amount and registering the property in your name. Suddenly, the dream turns to ashes in your mouth after you discover that you have been the victim of a well planned scam. But it is too late, the time machine that can take you back to the time before the purchase and signing process is unreal and just an illusion.
A form of real estate scam is to sell you a flat other than the one you saw, paid for and signed the purchase contract.
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Mersat Experts Are Better Than Many Companies:
In order to get a property in Türkiye according to your expectations, choose your real estate agent carefully which is your guarantee to reach your goal. Some lack of moral real estate agents may take part with the seller in setting a trap for you and push you to fall in the trap of real estate scam.
Therein lies the importance of dealing with a well-known real estate company has already been dealt with by many people and they were happy with the results they have reached.
That is why Mersat Real Estate prides itself on its superior staff to its peers from other companies, where all of whom are experienced, professional, highly ethical and chaste, not tempted by a bunch of money. Their goal is to complete a successful and safe deal and pursue customer's happiness.
Mersat Real Estate does not hesitate to provide its best to its valued customers, and provides all consultations free of charge in all matters related to real estate affairs to anyone who needs to answer his questions that he may be confused about and find no answer to. For more details, we are happy if you contact us.
Edited by Mersat Real Estate Team ©
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Tips for buying an apartment in Turkey | Tips for buying a property in Turkey | Steps to buy a property in Turkey | The experience of buying an apartment in Turkey | Real Estate Investment Tips | Real estate tips How to buy a property in Turkey | How to buy an apartment in Turkey
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