Tips to Help You When Purchasing an Apartment in Türkiye 2023
Last Updated: 2023-08-29
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Tips to Help You When Purchasing an Apartment in Türkiye 2023
Do you endorse the idea of owning or investing in real estate in Türkiye? A really great idea, since the field of investment in real estate is not just for high budget holders, and it is available to everyone no matter how little capital you may start with.
Türkiye's real estate sector is known to be safe, is it always so? Of course not, thus you need a few tips and advice to accompany you and help you make the right choice.
The most important notes to consider when owning a property in Türkiye are provided to you through this article.
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Important Tips When Purchasing an Apartment in Türkiye:
Be careful not to take the step of buying real estate without looking at the experiences of others or the advice provided by specialists and experts in this field.
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First: Choose Your Real Estate Agent Carefully:
As the demand for buying and owning real estate in Türkiye increases, the number of real estate agents and real estate companies has increased in order to meet the needs of foreigners fully and assist them. It should be noted here that not only the foreigner needs help but also the Turkish citizen, especially if this is his first experience.
The question arises: do all agents and companies provide the same services and interest to the buyer? Of course not, you must choose carefully and in accordance with specific rules as follows:
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It must be reputable and well known in the market.
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You should see the level of services it provides to its clients.
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You better contact people you know or your relatives who dealt with it earlier.
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You should make a phone call to the agent or meet him in person to make sure he responds to you and your questions.
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Visit the company's website.
It should be noted here that in the name of the real estate agent, fraud and scam could be planned, so you must verify who you are dealing with.
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Second: You Should Choose a Strategic Location for the Property:
If you want to invest in real estate, one of the first things you should consider is choosing a special and vital site to ensure that you will get a good profit. Do not forget that the location of the property has a significant impact on its price and investment value.
You may wonder how vital or distinctive the location of the property is? It should be near to: public transport - schools - universities - hospitals - recreational places - malls - shopping centers - parks - gardens.
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Third: Where Does the Property Overlook?
One of the factors that helps you make profits from real estate investment is choosing a view preferred by residents or tenants, where Türkiye by its tourist nature draws you to search for a sea view or property overlooking the green spaces and forests, since the tourist always likes to stay in a special place that leaves him with a good impression of the place he visited.
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Fourth: Set Your Purpose from Purchasing the Apartment Well:
You are certainly not looking for an apartment for sale in Türkiye without having a specific purpose to achieve. Therefore, identifying your purpose from the apartment saves a lot of time, fatigue and effort.
In general, the purpose of foreigners looking for real estate and apartments for sale in Türkiye is divided into four parts:
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There are those who look for an apartment for housing and accommodation.
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A large group want to invest in real estate.
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More than forty percent of them want to obtain Turkish citizenship.
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Some of them want to buy an apartment to stay during the tourist seasons.
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Fifth: How Much Is Your Budget?
Assigning the available balance saves time, effort and fatigue, in addition to limiting your research to a particular range and avoiding encountering costs that are not part of the plan.
You should know that you have three ways to pay for the property:
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First one: you have money saved previously and you will pay for the property in cash.
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Second one: you have a portion of the required amount and you will take out a loan from a bank in Türkiye.
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Third one: choosing to purchase an apartment by instalments, by paying a portion of the required amount of price, and the remaining would be paid in installments.
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Important Notes When Purchasing an Apartment in Türkiye:
In addition to all of the above, there are many other notes to consider when looking for apartments and properties for sale in Türkiye:
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You should check the legal situation of the apartment where there could be some restrictions on it, such as seizure or mortgage, which are serious problems that affect the value of the property and make it difficult to complete the sale procedures.
What should be noted here is that such things cannot be discovered by yourself, as they are not mentioned in the title document and must be reviewed by the General Directorate of Land Registry and Cadastre and getting assistance of a competent lawyer.
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Make sure that the specifications mentioned in the title deed also exist in reality.
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The property valuation report guarantees your rights and protects you from falling into the trap of scam and fraud.
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You have to take tours in the real estate market to see the most important projects available, so you will get an idea of the specifications available and prices.
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Do not let any of your questions unanswered and ask about everything you want to know.
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Choose the apartment space carefully just as much as you need, since it is advisable to buy small apartments because the demand for them is big and can be sold easily if you want to in the future.
Since we understand how great is the customer's need for real estate consultant to be with them while purchasing apartments in Türkiye, and provides them with advice and guidance that will help them making the right choice, we spare no effort at Mersat Real Estate to provide everything they need and opportunities that suit them and meet their aspirations.
Edited by Mersat Real Estate Team ©
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