Mersa real estate tips for those who want to buy an apartment in installments
Last Updated: 2023-07-27
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Tips for those who want to buy an apartment in installments
One of the characteristics that attracts investors to choosing Turkish real estate over other foreign real estate is the great diversity that it enjoys, which includes various aspects that may interest investors, both in terms of the options available to them, as it includes various forms of residential real estate from homes for sale in Turkey and apartments for sale in Turkey, as well as luxury real estate such as villas in Turkey and huge luxury palaces, as well as commercial real estate such as shops, warehouses and commercial offices. Diversity also includes real estate prices in Turkey, as it starts from cheap apartments for sale in Turkey to expensive luxury properties, but whatever the price of real estate in Turkey, you must be sure that you have got a winning deal because real estate prices in Turkey is significantly lower than real estate prices in various neighboring European countries. Also, Turkey's real estate offers investors the opportunity to pay in the most appropriate way for them, as the payment methods vary between direct payment and another in installments, and many people find buying an apartment in Turkey in installments the ideal option for buying a property in Turkey.
Tips for those who want to buy an apartment in Turkey in installments
First: Determine your goal of buying a property in Turkey:
The goals of investors, especially foreigners, vary in the process of buying a property in Turkey; we find that some of them wish to do so in order to have the opportunity to enter the real estate market in Turkey and invest in order to achieve returns and financial profits, while others want real estate in Turkey for the sake of housing and stability, because buying a property in Turkey grants its owner a real estate residence in Turkey. And we find that the most common goal in the recent period is to obtain Turkish citizenship by buying a property in Turkey, because buying a property worth more than 250 thousand US dollars gives its owner the right to apply for Turkish citizenship. Therefore, defining the goal for which you want to buy an apartment in Turkey is very important; for example, if you are in a hurry to get a property in Turkey for housing or residence, you may delay the process of buying an apartment in Turkey in installments if these apartments are still under construction.
The goals of investors, especially foreigners, vary in the process of buying a property in Turkey; we find that some of them wish to do so in order to have the opportunity to enter the real estate market in Turkey and invest in order to achieve returns and financial profits, while others want real estate in Turkey for the sake of housing and stability, because buying a property in Turkey grants its owner a real estate residence in Turkey. And we find that the most common goal in the recent period is to obtain Turkish citizenship by buying a property in Turkey, because buying a property worth more than 250 thousand US dollars gives its owner the right to apply for Turkish citizenship. Therefore, defining the goal for which you want to buy an apartment in Turkey is very important; for example, if you are in a hurry to get a property in Turkey for housing or residence, you may delay the process of buying an apartment in Turkey in installments if these apartments are still under construction.
Second: Try to determine which payments are right for you:
The price plays the most important role in determining whether you are going to buy the property or not, and we find that the majority of people who buy an apartment in Turkey in installments do so because they want to own a property in Turkey immediately, but they do not have enough money for that and do not want to wait until the completion of the required amount. The process of buying an apartment in Turkey in installments means that there is no need to pay the entire price of the property in one time, but that amount is divided into a number of payments, and the number of these payments, their value and timing of payment are agreed upon by both parties to the contract before signing it. It is important to choose payments that are easy to pay and that they are not large so that you might not be able to pay them in full and at the specified time of each month because this will mean your loss of the property.
Third: Make payments as soon as possible:
As we have already explained, the process of buying an apartment in Turkey in installments means paying the price of the property or apartment you wish to own in installments in the form of several payments with predetermined values and dates under a legal contract between the two parties that guarantees the rights of each of them. And what you should know is that the first payment is usually equal to thirty or even fifty percent of the total value of the property, and the larger the first payment, the better, because first it means the completion of paying a larger portion of the property price on the one hand and on the other hand a less number of payments for future payments. Also, many real estate companies present offers and discounts in the event of a large down payment or if the person pays the full or remaining payments of the property price in the form of one payment or if he pays early.
Edited by Mersat Real Estate ©
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