You are a few steps away from your success when buying real estate in Turkey if you want to invest your money in a profitable investment process, as real estate investment is currently considered one of the most profitable investment fields at the global level, and investment in the real estate sector is witnessing a remarkable development due to the availability of a fertile environment for growth And the flourish.
Here are important steps that will lead you to success when buying real estate in Turkey.
The Turkish government has initiated a series of measures that must be followed in order to ensure the success of
the real estate investment process according to the following steps:
1- Determine the purpose of buying real estate in Turkey:
This step helps you a lot in choosing the right property and investing your money correctly. Do you want to buy a property in order to get a real estate residency? Or to get Turkish citizenship? Or in order to rent or resell it and take advantage of the price differences as a profit margin and other important investment options.
2- Choosing the right real estate broker before buying real estate in Turkey:
The real estate broker is one of the real estate companies known for its authenticity and integrity to deal with, which provides you with many services from the moment you arrive in Turkey until buying the property and registering it in your name, then enabling you to get real estate advice from experts and specialists in the field of real estate in Turkey, as it has a number of lawyers who follow all legal procedures and are keen to preserve your rights and ensure that you are not exposed to embezzlement or deception.
3- Viewing the properties was agreed upon to be purchased:
Do not rely only on the real estate broker in choosing the properties that you want to buy, and do not be satisfied with the specifications mentioned on the websites, but be very careful to visit the real estate website to ensure that all the specifications that have been agreed upon between you and the owner are available, thus guaranteeing your rights and protecting your money from being wasted.
4- Negotiating real estate prices:
It is necessary to continue to search for the most appropriate price for the property in line with your financial capabilities as well as the specifications of the property, which means that you resort to negotiating the price of the property and the terms of sale. This step occurs once you have chosen the property and most expatriates will use a real estate agent if they are not familiar with the area and at this stage your lawyer will examine the ownership papers and look at the required documents and proofs.
5- Getting the tax number from the tax department:
One of the important things that the process of buying a property is not correct without it is getting the tax number from the real estate department, and this number is given to every person who does not hold Turkish citizenship in order to facilitate all government procedures for him/her, and without it he/she cannot own real estate in Turkey or apply for a Turkish citizenship.
6- Opening a bank account in an international bank:
it is necessary to open a bank account in a Turkish bank in order to transfer funds to it from the buyer's country of origin, as it is required that the purchase process be made through banks exclusively, and this bank transfer is used as a document when applying for real estate residency or Turkish citizenship.
7- Signing the contract:
After doing all the previous steps, comes the step of signing the purchase contract between the buyer and the real estate company. This contract is drawn up in two languages, the Turkish language and the buyer’s mother tongue, and then a deposit of 5 to 10 percent of the property value is paid to the real estate company, in exchange for seize of the property until issuance of the possession title.
8- Prepare the required official documents:
Such as the possession title of the property and is in the name of the owner who signed the contract or his official representative, in addition to a copy of the project building permit, two personal photos of the buyer, a translated and certified copy of the buyer’s passport and a copy of the seller’s identity card. Part of the value of the property is paid as a deposit for the having the property.
9- Waiting for the procedures that take approximately two months to register the property, due to sending the documents to the affiliated security departments to get the security approval.
10- The possession title and the key are duly delivered after signing the contract in the presence of the real estate consultant from the real estate company if it is the mediator, and the rest of the property value has been transferred or delivered.
Tips for buying an apartment in Turkey:
Often, the amount invested in the Turkish real estate market is not a small amount, so it is necessary to follow some tips and directions to avoid the risks associated with the investment process:
1. Not paying the price of the property in full before completing the construction process and receiving the property according to the rules, but it is sufficient to pay a deposit to reserve the property, and then the rest of the property price is paid at the time of the transfer of ownership.
2. It is not enough to know the specifications of the property through electronic marketing means, it is necessary to make a field visit to the place of construction with the owner or the real estate consultant to get acquainted with the specifications of the apartment on the ground and to ensure that the specifications of the apartment match the specifications presented.
4. If the apartment is still within a project under construction, it is preferable to seek the assistance of a technical specialist to follow up on the conformity of the property specifications that were agreed upon during the purchase process with the blueprint.
5. Not to tolerate errors discovered in the property immediately before receiving it.
6. Hire a specialized lawyer to follow up the legal procedures regarding the purchase of real estate.
7. The contract between the seller and the buyer is signed after the apartment has been examined and reviewed, not before that.
8. Ensure that the real estate agent you are dealing with as a broker is an official agent and is officially authorized to work.
9. Getting a real estate appraisal document for the apartment you wish to buy in Turkey.
10. Getting the real estate registry information for the property you wish to purchase.
After knowing all the previous steps that lead you to success when buying real estate in Turkey and following the advice provided by experts in the field of real estate investment in Turkey, success will be your ally in this important investment decision.
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