How to buy a property in Turkey in 10 steps
Whether you are looking to buy an apartment, villa, shop or an office in Turkey, all these kinds of properties have the same 10 steps.
Generally, buying a property in turkey will be very simple and clear for you with the following 10 steps:
Step 1. Research about a real estate company
Start the first step by searching and reviewing the website / YouTube / Facebook …. etc. for real estate companies in Turkey in order to choose one of them to contact and to review their properties later in the field.
Step 2. Getting a visa
Getting a visa to Turkey is very easy for a lot of countries , you can get it online for some countries and some other countries are exempted from visa for 90 days , and there are countries that need to visit the Turkish embassy in their countries You can check your country status from the following link :
Step 3. Travel to Turkey
Its very important to know more about the country before buying a property, so it’s very necessary to visit and check the areas and streets, in order to love an area which you may buy a property in later.
There are some customers who prefer to buy a property without coming, we in TAKSIM REAL ESTATE don’t recommend our customer to do so, it’s very important to see the property and area before buying.
Step 4. A tour to field
After coming to turkey and choosing the agency which will show you properties , here you start to see properties on the field , we in TAKSIM REAL ESTATE usually offer our customers a free tour to explore and show the properties in order to get a great image about the market and properties before any decisions
Step 5. Choosing the location and a property
This is the most important step of all , we in TAKSIM REAL ESTATE highly recommend our customers to concentrate about location , location and location.
Usually choosing a good location will make it easier for you later to rent it if you prefer, and it will be even more profitable as an investment property in the long run if you would like to resell it.
Tips for choosing a location when you want to buy an apartment :
• Determine your main purpose of the property .. is it for living or investment ?! Determining the goal of buying a property will play an important role in choosing the most appropriate location
• Should be Close to main streets
• Should be close to public transportation like metrobus or a metro station
• Should be close to universities
• Should be close to shopping malls
Tips for choosing an apartment :
• Direction is very important ( in Istanbul for example : north is cold in winter, south is hot in summer )
• If you prefer landscapes view so we recommend you to choose low floors
• Should be sunny
• Should have at least 2 bathrooms
Step 6. Negotiating and paying deposit
After choosing a property you like, here it comes the negotiating step in order to get best discount for the payment method you selected, we in TAKSIM REAL ESTATE usually get the best prices for our customers.
Paying a deposit is very important after both sides agree about a price even if you don’t want to continue the procedures directly because it stops the developers from showing this property to other customers and to fix the price.
Note: all developers in Turkey give you a 15 days period for your deposit to be refundable in case you changed your mind, or you find another proper property or what ever reason its.
Step 7. Hire a lawyer
After completing the negotiation process and paying the deposit, it is preferable to obtain an draft copy of the sales contract and present it to a legal advisor
This step is to make sure that all the procedures are legal with no scam or any kind of fraud.
Usually the lawyer should do the following:
• Check the contract and read it well
• Check the developer status in the market , financial situation and the actual ownership of the property
• Check the status of the title deed and the absence of any mortgages or seizures on the property
we usually don’t offer our customers any properties from low reputation developing companies or Financially unstable , but making a double check by customer is better
Step 8. Signing the contract
After making sure that every thing is legal by your lawyer , here you can sign the agreement between you and the seller (developer) which contains all the required info about the property , space , price , date of delivery , payment method and day of payments … etc.
Step 9. Completing the rest of the payment as agreed
In this step, developers usually give customers a period time to go back to their countries and transfer the rest of money, usually up to 30 days
Step 10. Receiving the title deed
After paying the whole amount of the price , here you can get the title deed which is the proof of owning this property in turkey , and usually this step cost about 4 % of the property value , usually its paid equally between seller and buyer.
Here we finish the 10 steps, in case you have any further questions about procedures of buying a property in turkey You may contact us .