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Steps to buy a property in Turkey

Posted by rootinvest on May 16, 2023

Turkey is very popular among real estate investors from all over the world, as it provides lucrative and diversified investment opportunities in the real estate sector. If you want to buy a property in Turkey, here are some steps to follow:

1- Searching for the property: You can search for properties available for sale in Turkey via the Internet or through real estate consultants. You must search for real estate that appropriate your needs and budget and determine the purpose of buying the property, whether your goal is purely investment or with the aim of stability, housing, and so on.

2- Verifying the validity of the property: You must verify the validity of the property and make sure that there are no legal problems with it. You can seek help from a real estate lawyer to verify the authenticity of the property, or with the help of a real estate consultant with experience in the real estate market in Turkey.

3- Purchase contract: After confirming the validity of the property, a purchase contract must be concluded with the seller. The contract must include all the details of the transaction, including the price, specifications, delivery date of the property if this property is under construction, the payment plan , and all other details related to this property.

4- Paying the reservation amount : if you find the property that achieves the desired goal and specifications is reached, a confirmation deposit must be paid for the reservation, which is equivalent to an average of 1% of the value of the property. The deposit is paid by bank transfer or cash, and this deposit is refundable within a certain period of time (seven days on average) in case that the purchase contract is not concluded.
The aim of this procedure is to fix the price that was agreed upon, to install the payment plan, and also not to offer the property to any other party until the conclusion of the deal is confirmed and the contract is signed.

5- Verification of legal papers: The legal papers of the property must be verified, including the ownership certificate (Tapu), government fees, and taxes.

6- Registering the property: The property must be registered in the Turkish real estate registry, where the real estate developer takes an appointment, which is determined by the Real Estate Registration Department to transfer ownership of the property to the new owner.

In short, specific steps must be followed when buying a property in Turkey, including searching for and verifying the property, concluding the purchase contract, paying the deposit, checking the legal papers, and registering the property.
You can contact us to ensure that these steps are completed successfully.

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