Everything you should know about buying a property in Turkey
It is necessary to know everything you should know about buying a property in Turkey, as long as you have decided to make the Turkish lands your home and place of stability, so whether your goal is real estate investment, housing, living, or obtaining Turkish citizenship, we have provided you and all businessmen wishing to real estate ownership in Turkey from all over the world is some instructions, experiences, and tips that will save them time and keep them away from trouble.
Table of Contents
What are the steps to buy a property in Turkey?
Real estate investment in Turkey can be easy when you follow some of the following steps:
First, determine your purpose for purchasing the property
Mostly, no one who thinks of buying a property in Turkey can undertake the process without having the slightest idea about what he wants. This step is subject to several considerations as follows:
The purpose of the purchase
This means that the customer must determine his purpose ofbuying apartments in Turkey, whether it is for housing and stability, or to multiply financial profits and reap the largest possible amount of revenue by renting them during the tourism seasons, or with the aim of obtaining Turkish citizenship or obtaining real estate residence in Turkey.
Determine the budget
A foreigner wishing to invest in real estate in Turkey must calculate the financial value allocated to the purchase process so that he does not come across additional amounts such as fees, taxes and fees that he cannot pay. In addition, he must know the amount specified by the Turkish Naturalization Law, which amounts to 400 thousand US dollars as a maximum. Lower, if his goal is to obtain Turkish citizenship by buying a property in Turkey.
Geographical location
The investor must have a prior background on the investment areas in Turkey and the extent to which they are compatible with his financial ability and suit his needs.
Property specifications
No client new to real estate investment can know very well the ideal specifications for purchase, but he can at least make a specific list of what he prefers in terms of views, finishes, number of rooms and space required, in addition to the exterior finishes of the property.
Secondly, the use of a real estate company
If you are interested in buying a property in Turkey, you can seek help from a real estate company to facilitate the process. You may be wondering how to choose a reliable real estate company. We have provided some of the following points that help you search for reliable real estate agents:
- The quality of services provided.
- Knowledge of the real estate company's reputation in the market.
- You can communicate with former clients of real estate agents and ask about their satisfaction with the dealings and services provided by the real estate companies they dealt with.
- Communicate with a real estate agent over the phone to know directly the extent of his response to you and his patience with your various questions as a customer looking to buy real estate in Turkey.
- Visit the real estate agent's website and view its various social media platforms.
Third, field trips
After choosing a real estate agent, you can use his experience to conduct luxury real estate tours to various real estate projects in order to verify on the ground all the projects that you have seen on photos, in videos, or on websites.
Fourth, negotiating real estate prices in Turkey
The fourth stage of buying a property in Turkey is negotiating real estate prices in Turkey, and here the role of the real estate agent or the real estate company approved by the customer is prominent, as not all real estate agents have the negotiation skill to guarantee the best prices, so you should be careful to choose a real estate company to guarantee profitable real estate deal.
Instructions when buying a property in Turkey
Instructions when buying a property in Turkey are an integral part of the purchase and investment process in general, so we have provided you with the following most important tips:
- Make sure that there is no tenant in the property in question, and if there is, check the date of eviction.
- Ensure that the property is free of any mortgage, rent or any other rights.
- Don't forget to make sure that there is no other owner or buyer of the property.
- Ensure that there are no taxes owed by the property owner.
- Visit the property's website and ensure its validity and suitability for use in housing or work.
- Ensure that the area and specifications contained in the title deed correspond to the actual shape of the property.
- Checking the eligibility of the seller or the person responsible for selling the property.
- Obtaining a copy of the property title deed to ensure that its previous owner did not transfer any form of ownership.
Documents required when buying a property in Turkey
To own a property on Turkish soil, you must accurately prepare the following documents and papers:
- The original copy of the valid passport, in addition to a copy thereof, translated into Turkish and certified by a notary in Turkey.
- A personal photo of the real estate seller and two photos of the buyer, with a white background, measuring 4×6.
- Submitting the evaluation paper or what is known as the real estate valuation, which is extracted from the Turkish Land Registry Department.
- Bring an earthquake insurance policy.
- In the event that one of the parties is not fluent in speaking the Turkish language, a translator must be used to facilitate the purchase procedures.
- Extract the tax number.
Turkish citizenship by buying a property in Turkey
Most investors looking to buy a property in Turkey aim to obtain Turkish citizenship, so we have provided a set of necessary papers when submitting a citizenship application, which are:
- Bring the real estate appraisal document.
- Submit a copy of the property title deed.
- Submit a copy of the passport translated into Turkish and certified by the notary.
- Submit 2 personal photos of each of the applicant, his wife and children.
- Turkish citizenship application form.
- Proof that the criminal record is free of any crimes.
- Receipt paid for the full amount of the property, stamped by the bank that dealt with.
- A family registry statement or family book translated and certified by the notary public.
- Receipt of receipt from the previous property owner.
IstHomes real estate company always answers your questions:
We are keen to constantly monitor various and important topics.
We answer your inquiries aboutTurkish citizenship.
We talk about real estate residencyand other residencies.
We share with you the steps tobuy real estate in Turkey.
We offer you information about real estate investment in Turkey.
We simplify the procedures that you must take when buying a property in Turkey.
We highlight the most important areas for buying apartments in Istanbul.
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