جدول المحتويات _ Table of Contents
Basic procedures when buying a property in Türkiye: A comprehensive guide for investors
introduction:
Turkey is considered one of the favorite destinations for real estate investors, but to ensure the success of the investment and protect the rights of the buyer, basic procedures must be followed and important real estate ownership documents must be accessed. This guide provides a breakdown of the main procedures when buying a home in Türkiye.
Buying a property in Turkey is an important investment that requires inspecting and completing several legal and administrative procedures. From searching for the right property to completing the purchase, the buyer must follow careful procedures to ensure the integrity of the deal and his legal rights. Below is your comprehensive guide to the basic procedures when buying a property in Türkiye.
1. Property evaluation:
Before starting the purchase process, you must obtain a real estate evaluation to determine the value of the property and ensure that there are no previous problems or obligations. The evaluation includes a detailed analysis of the property based on several professional criteria.
2. Registering ownership in the real estate registry:
Confirmation of ownership registration with the Land Registry Directorate (Tapu), as the Land Registry is a vital legal document that confirms the buyer’s ownership and ensures that there are no debts or loans. This registration must be done as soon as possible in coordination with the competent real estate consultant
3. Insuring the property against earthquakes:
Real estate owners in Turkey are required to obtain an earthquake insurance policy to protect their investments. The documents required to obtain insurance vary from one company to another.
4. Documentation and translation:
The purchase process requires documents certified by a notary. This procedure is crucial to ensure that the deal ends properly and avoids any legal problems. All documents must also be translated into Turkish.
5. Taxes and fees:
Your purchase requires taxes and fees, such as VAT and government fees. The investor must perform all procedures correctly to avoid any future legal problems.
6. Checking the legality of the property:
Once a potential property has been selected, a careful examination of the legal status of the property must be carried out. This inspection includes checking title documents, fees and taxes owed, and any restrictions or legal challenges that may affect the property.
7. Signing the sales contract:
After ensuring the legal integrity of the property, the terms of sale are determined and the sales contract is signed between the seller and the buyer. It is recommended to cooperate with a specialized lawyer or a real estate consultant accredited by the Turkish state to review and confirm the terms of the contract and guarantee the rights of the buyer.
Types of houses in Türkiye:
The process begins with searching for the appropriate property according to your needs and requirements. It is advisable to cooperate with a local real estate agent or reliable real estate company to help choose the right property and negotiate prices and terms.
The investor should know the different types of homes available in Turkey, such as hotel apartments, shared ownership apartments, modern apartments within residential complexes, and Ottoman-style country houses.
Buying in installments:
Available to purchase in installments, this option is attractive to buyers who want to control the terms of purchase, with a lower initial purchase price for the property.
Close of:
This comprehensive guide embodies the basic steps when buying a home in Turkey, and highlights the importance of adhering to the legal procedures and documents necessary to achieve a safe and successful investment in Turkish real estate.
Ultimately, the buyer must be aware of all legal and administrative procedures related to purchasing a property in Turkey, and contract with trusted local professionals to ensure the safety and success of the deal.
Get the best offers for homes in Turkey by contacting us and benefiting from a wide range of services that we are keen to provide to investors in order to guarantee them a hassle-free and problem-free experience.
Read also: The importance of real estate evaluation in Türkiye
