Stages of Buying Real Estate in Turkey

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To find the most suitable property

2024-03-09

Buying real estate in Turkey is a desire for every investor looking for the best types of investments, because of its advantages through which you can attract investors and make the capital flow significantly, and of course for this type of investment there are things that must be taken into account for the purchase process to be successful, and here are some steps to complete the purchase in a successful manner.

Steps to buy real estate in Turkey:

Some people think that buying a property in Turkey is limited to signing the title deed and receiving the key, but otherwise, this process goes through important basic stages to get your apartment successfully without obstacles.

First: Seeing Turkey in real:

The investor must travel to Turkey to make a visit to get acquainted with the real estate projects and on the other hand to get to know closely the real estate company or the real estate broker who will accompany him in this process.

Second: Determining some matters related to the property:

The investor must know some important points and choose them accurately in order to obtain abundant profits when investing, which are as follows:

-Determine the purchase price:

The investor who aspires to go through this process must calculate the financial value allocated to it so that he does not later encounter additional amounts of fees and taxes that he cannot afford to pay.

-Reason of purchase:

The investor must know the reason for buying the property, if it is to live in Turkey or to -Reason of purchase: double the money and get the largest possible amount of profits, or he may wish to obtain Turkish citizenship.

-Determining the advantages of the property:

The investor must also draw up a specific list and record the advantages he desires, including but not limited to setting the view, finishes, number of rooms, space and other specifications he wants.

-Determine its strategic location:

The foreigner should have even a simple idea of the areas of ownership in Turkey and whether it suits his financial ability and his purpose of buying in that area or not.

Third: Choosing a real estate agent in Turkey:

When choosing a real estate agent, the investor must take into account the following:

１- Quality of Services Provided

２- Seeing customers' opinions on the company's website or the real estate agent and its various social media platforms.

３-Reputation and history of the company in the market

４-Communicate with the agent by phone directly to know the extent of his response to you and his patience with your various requirements

５- Communicate with former clients and inquire about their satisfaction with the advanced service from the real estate companies they dealt with.

Fourth - Real estate tours in Turkey:

This stage includes many real estate tours to various urban projects in order to verify on the ground all the projects that the client has seen on the pictures or in the videos.

Fifth: Getting to know real estate prices in Turkey:

After the stage of visiting real estate projects, one of them is supposed to have won the admiration of the client, and the real estate agent must be distinguished and negotiate well to ensure the best prices, and preferably have strong relations with construction companies, which means obtaining exceptional facilities and discounts, as well as benefiting from the discounts of the registration stage construction, and do not forget the exclusive offers of real estate prices related to seasons and occasions, as not all real estate agents have the skill to negotiate to guarantee the best prices.

Sixth: Freezing the price of the property and providing a deposit:

When you like a property, you should not lose it from your hand, by freezing its price by paying the seller a sum of money, so the property owner cannot change its price under any circumstances.

Seventh: Preparing real estate purchase papers:

After paying the deposit and seizing the valid property for the client, he must move to the next stage, which is preparing the papers and documents necessary for ownership.

Eighth: Ending the ownership procedures in Turkey:

And of course, after preparing the papers, translating and ratifying them, he moves to the next step, which is to complete the rest of the ownership procedures by obtaining the tax number, then opening an account in a Turkish bank, and then signing the property purchase contract in Turkey after agreeing on the terms and then obtaining the building permit in order to register the property properly, once the security approval is issued.

Ninth: Receipt of the title deed:

It is the basic guarantee paper for the Turks and is also considered the last stage where the receipt of the title deed coincides with the transfer of the remainder of the total property value, unless the payment plan depends on installments.

What papers are required to buy a property in Turkey:

The documents required to complete the process of buying a property in Turkey are as follows:

First: A copy of the passport:

If you are a foreigner residing in Turkey or a non-resident and one of the nationalities entitled to own real estate in Turkey, you must show the official document that granted you the right to enter the country and issued by your home country, where the passport is required to be translated into Turkish.

Second: Bring personal photos:

With the title deeds, a photo of the property owner is usually placed, and therefore the title deed departments require 4 recent personal photos of the new property owner.

Third: Tax number:

It is considered one of the most important and indispensable documents when registering the property as an asset in the official departments.

Tips to follow before buying a property:

Before buying a property, there are a few things to check so that you don't get cheated or defrauded:

First: What is the condition of the apartment?

You must ensure the condition of the apartment, especially the plumbing and electricity, and see all its details clearly to notice if there is a water leak or there is some damage in it.

Second: make sure of the invoices:

You should check the latest electricity, gas and water bills and find out if there are any overdue bills at the competent authorities.

Third: Apartment space:

It is preferable not to choose an apartment with a large area, because you will find it undesirable when investing, so a property with a small or medium area is more suitable for buying, especially if your goal is real estate investment in Turkey.

Fourth: Confirm the price of the apartment you want to buy:

To make sure of its price, we suggest that you inquire about an apartment in the same neighborhood as your apartment that you want to buy in terms of price, view and finishing so that you can know whether the price is appropriate or exaggerated, or use a real estate company to evaluate the apartment for you and help you determine the appropriate property price.

Fifth: Contract:

Ensure the availability of a sale contract registered in the real estate registry on the date of the month and year, and check the seals in it as well.

Today we see thousands of foreign investors heading to Turkey with the aim of owning real estate in it due to the ease of procedures and transactions, and some complications rarely occur, but this does not negate that your task as a buyer is done well by preparing all the papers legally.