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Things to Consider When Buying Real Estate in Turkey

In this guide, we will share important information that will help those who want to buy real estate in Turkey. Detailed information will be given about the real estate purchase process in Turkey, required documents, purchasing conditions and points to consider. By reading this guide, you can learn what you should pay attention to when buying real estate in Turkey and how you should follow the process.

Real Estate Purchasing Process in Turkey:

When you consider purchasing a property in Turkey, the first step is to contact a local real estate agent. The real estate consultant will offer you suitable properties and guide you through the purchasing process.

After determining the real estate you intend to purchase, you need to contact the land registry office and review the title deed record. Examining the land registry is important to determine the owner of the real estate, to determine whether there are any restrictions on it, and to check the accuracy of the land registry.

You must sign a sales contract for the real estate you have determined. This contract includes issues such as the nature of the real estate, sales price, payment method, delivery date and tax expenses. The contract must be drawn up in accordance with the official formal requirements and registered at the land registry office.

After the sales contract is signed, you must pay the sales price. After the payment is made, you must apply to the land registry office and have the title deed registered in your name. Your real estate consultant will help you to follow these transactions.

Points to Consider When Buying Real Estate in Turkey:

There are some points to consider when buying real estate in Turkey. Here are some of them:

Choosing a Real Estate Consultant: It is important to choose a real estate consultant who will guide you when purchasing real estate in Turkey. A reliable real estate consultant will offer you suitable real estate, assist you in the purchasing process and inform you about legal issues.

Checking Documents: It is important to examine the title deed record of the real estate you are considering purchasing and check whether there are any restrictions on it. In addition, it is necessary to check the accuracy of the land registry and that the land registry is kept properly.

Legal Consultancy: It is important to work with a lawyer when purchasing real estate in Turkey. A lawyer will assist you in the correct preparation of the sales contract, follow up the title deed transactions and inform you on legal issues.

Payment Plan: It is important to determine the payment plan of the real estate you are considering purchasing. You need to plan how you will pay the sales price and the payment process in detail.

Expert Report: It is important to obtain an expert report to accurately determine the value of the property. The expert report accurately determines the value of the real estate by analyzing the factors that affect the value.

Documents Required for Purchasing Real Estate in Turkey:

The documents required to purchase real estate are listed below:

• 1 color photo (taken within the last two months and showing your face clearly)

• Original and photocopy of Turkish Republic identity card (identity card)

• Original and one photocopy of the title deed document

• Residence address and telephone information

• Photocopy of the earthquake insurance policy (D.A.S.K.) (Natural Disaster Insurance) that has not exceeded one year.

• Clean paper obtained from the real estate tax office

• If the seller will not apply for the title deed personally, a power of attorney is required for the person applying.

However, in real estate purchases and sales, these documents may vary if one of the parties is a legal entity.

In this situation;

• The original tax plate and one copy

• Signature circular of the company official

• Letter of fair value and no tax liability subject to fees received from the municipality.

• If the sale will be made on behalf of the company with a power of attorney, the original power of attorney must be brought.

An authorization certificate issued by the Trade Registry Office of companies subject to the provisions of the Turkish Commercial Code, which clearly states the authority and the identity information of the officials during the sale of immovable property, must be brought.

The authorization certificate obtained from the affiliated chamber of industry and commerce directorate must bear the date of the year in which the transaction was made.

Before calculating and querying the title deed fee, "What does title deed fee mean?" It is necessary to answer it. Title deed fee is an expense that must be paid during the purchase and sale of real estate and is paid only once. It is calculated based on the sales price declared in the title deed of the real estate.

These documents must be submitted completely and accurately. In addition, documents must be prepared and registered in accordance with official formal requirements.

Conclusion:

It is an ideal place to buy real estate in Turkey. With its unique natural beauties, historical and cultural riches, Turkey is an attractive option for many tourists and investors. It is important to know the points to consider when buying real estate in Turkey and to follow the process correctly. By using the information shared in this guide, you can own a dream house in Turkey.

Take action to contact your real estate agent and examine the properties you are considering purchasing. Remember, owning a house in Turkey is just one step away!