The most important advice before buying a property in Turkey
Date: Monday, 01 June 2020
The most important advice before buying a property in Turkey
Deciding to buy a property in Turkey is an important event in life. Nobody obviously likes it. A passing idea to make a profitable investment or a strong desire to explore the world lies at the heart of the real estate purchase process in Turkey, which may sound terrifying for the first time.
While you may already be familiar with buying real estate in your country, but you may not be familiar with buying real estate in Turkey or any other country because the procedures are completely different.
As a prominent member of the Turkish real estate market, we are dealing with legal aspects and accurate details of the last stage in the real estate purchase process. At the same time though, we understand that the customer wants to be familiar with everything about real estate in Turkey, so we provide you with a series of the most important advice before purchasing a property in Turkey.
The most important thing is to make sure that you know the company and the people you deal with. A lot of people come to Turkey and meet someone who has a friend who is supposed to sell an apartment at a very reasonable price. The most important role for a real estate agent will be to help his / her clients avoid potential pitfalls.
So the first thing to do is to find a reputable real estate company that you can trust. You can search for it on Google. The quality of the real estate website is the first indicator of the company's efficiency. This is a good start for you. You can also search for the company to see if anyone has any negative reviews about it. When you find a reliable real estate company, you should contact them to find out about the process of buying a property in Turkey.
Get real estate tours
After browsing and choosing a property that is on the real estate company’s website, you can send an inquiry email to the company. It is important to familiarize yourself with the area and determine if the site is right for you. At this point, if the company offers you cheap accommodation and a one-day or two-day tour of real estate, you can book your flight.
Save your money
Some people think they can save money by not dealing with a real estate company and they can end up at a much more costly way. For example, as a buyer, you have no real way to know the correct market value of a property because it is not controlled in the same way as in other countries with professional real estate agents you can avoid the long and stressful journey of buying a property in Turkey. With a professional real estate agent, you can find out all the buying expenses and save your money.
Get a lawyer
There are also many things that can go wrong if you don't deal with a trusted real estate agent, another thing that you can do is get your independent attorney's support. Remember that the real estate agent is acting on behalf of the seller in addition to your agent, so although they can place contracts themselves, it is still better to get a lawyer in order to take care of your interests only. Again, you must do your research to find a reputable lawyer who can easily speak in either your own language or a common language like English. Do not go with a lawyer that you cannot communicate with at a high level because this may lead to misunderstanding and avoid it at any cost.
Clarify the payment method
Although the real estate agent has verified that "title deeds" actually belong to the person who sells the property, the lawyer usually also does it as a safety measure on your behalf. They will verify the seller's information, that they own the property completely and that the property is not responsible for any outstanding debts. This should be done before any deposit is paid.
At this point, you should also ask about maintenance fees for the property. If it is a simple residential property then it should be very cheap because you only pay for lighting the shared stairs and maybe cleaning the garden but if the property is on a site that has a pool and fitness area, etc., the prices will go up. This is a heavy issue that you should be aware of before purchasing.
Check the property purchase process
After clarifying the property's tapu, the attorney, the estate agent, and the seller will draft a contract that clearly states all terms of sale. This should be as detailed as possible, with clearly scheduled payment dates and any penalties for anyone who does not comply with the contract in writing and agreed upon. This is the time when your deposit must be paid. You must verify that the real estate agent is mortgaged to deposit the deposit and be careful not to pay too much too soon.