STEPS IN BUYING REAL ESTATE
There are many different elements that a person or institution should look for when buying a property that can help them with their property purchase. Especially those who want to invest in Turkey, which is developing and hosting more and more tourists every day, are wondering how to buy real estate in Turkey. The details to consider when buying property in Turkey allow people to own property without any hassles.
WORKING WITH A PROFESSIONAL REAL ESTATE COMPANY IS ONE OF THE MOST IMPORTANT ELEMENTS OF BUYING A REAL ESTATE.
As 2Clicks.io, we recommend individuals and institutions who are considering buying property in Turkey to work with a professional real estate company first. Although the perception of buying real estate is that of liking the properties for sale and owning them by paying for them, there are many details that need to be considered when buying a property. Professional real estate companies conduct many studies, such as Such as finding the property in the most suitable way for clients' requirements, meeting with the landlords, collecting documents for the title deed, signing the deed of sale and many other similar works. Since such procedures are carried out by professional real estate companies, the one who wants to buy real estate only has to choose the property that he likes.
DETERMINING YOUR REASON FOR USING THE PROPERTY AND YOUR BUDGET IS IMPORTANT WHEN BUYING REAL ESTATE.
If you are considering buying property in Turkey, it is important that you decide for what purpose you will use this property. If you plan to live or vacation in the property you are going to buy you have different expectations of real estate, if you plan to rent and invest in the property you are going to buy you have different expectations. The factors to consider when considering the property to purchase will vary depending on these two expectations.
If you live in the property you will buy when you buy a property, you can live in peace in the property you buy when you find a property that meets your expectations. Many details such as the interior design of the house, whether it has a garden or not, whether it is on a plot, inside or outside the city, whether it is a mezzanine or a terrace are among the points to consider buying a property. Professional real estate consulting companies evaluate the needs of individuals and institutions, ensuring that the most suitable properties are found for them and all work is carried out during the buying process.
If your primary goal when buying property is to invest and generate income from the properties you buy, your first goal should be to invest in areas that are expected to improve in the short, medium and long term to develop. Purchases in regions with an expected increase in value ensure the real estate buyer a quick return and amortization. For this reason, attention must be paid to the central location of the property to be purchased, its distance to transport options, the possibility of developing the region and similar details, and an analysis must be carried out. These studies, conducted prior to the buying process, allow people to get more profit from real estate investment and prevent them from making a bad investment. For this reason, it is important that people seek advice from experts in their field before investing in real estate.
Once you have determined the region where you intend to buy property, this time you need to decide on the budget. In addition to the purchase price of the property, many works such as land registry costs, tax costs, electricity, water and internet subscription cost a certain budget. For this reason, you should take these expenses into account when buying a property and minimize the possibility of nasty surprises after the property purchase.
START VISIT THE PROPERTIES YOU WILL BUY
If you have not made a decision about the property you are going to buy and left that work to the sales consultant, it means that the sales consultants have carried out the work that fits your budget and expectations. You can start viewing the properties that the Sales Advisor has prepared for you and through the Sales Advisor you can find answers to any questions you may have about the properties.
If you're stuck between several different properties while exploring, you can rate the pros and cons of the properties relative to each other, share your expectations, and ask your real estate agent for help in making the best choice. In this way you can help ensure that the property you have bought meets your expectations at the highest level.
WHEN YOU FIND REAL ESTATE, IT COMES TO THE SALES CONTRACT
When you've found the property that you think suits you best and is closest to your expectations, it means it's time for the deed of sale. When you have agreed the final price with the seller, a contract of sale is signed between the two parties, which includes details such as the title deed, payment schedule and deposit. It is important to ensure that the property in the contract and the inspected property are exactly identical, that the property is sold by the original owner, that there are no legal transactions such as land charges and liens on the property, that there are items that differ in price and payment have been agreed. This inspection ensures you can own property safely by preventing problems and negativity after signing the contract.
REAL ESTATE PAYMENT AND OWNERSHIP TRANSFER
When the deed of sale has been signed between the two parties and all the preparations for the deed transfer are complete, it means that the real estate payment and deed transfer process has been initiated. After the payment is made to the seller, an application is made to the Land Registry and Cadastral Directorate with the necessary documents. As a rule, all sales transactions are completed within 1-2 days and the property has changed hands.
If you are a foreigner considering buying property in Turkey, additional documents will be required in addition to the required documents. Property appraisal report and sworn translator are among the details needed during the selling process.
DOCUMENTS REQUIRED FOR TRANSFER OF OWNERSHIP
There are also some documents that people considering buying a property in Turkey need to prepare. Title deed transfer procedures in Turkey are carried out at the title deed offices. Documents required for the transfer of ownership include:
– The appraisal report prepared by CMB licensed property appraisal companies within the last 3 months is among the documents required for the title deed transfer.
– Passport or ID card of the buyer and seller is required during the transfer of the deed.
– The title deed of the property to be transferred will be requested during the deed transfer.
– Mandatory Building Earthquake Insurance is required for buildings to which title deeds are transferred.
– The real estate declaration value certificate of the real estate from the competent municipality is among the documents that are requested at the transfer of the deed.
– A passport photo of both the seller and the buyer is required during the title deed transfer process, taken within the last 6 months.
– Sworn translators are required for document sales and purchases for those who do not speak Turkish.
– If the transaction is conducted through an agent, the power of attorney is required in the purchase and sale of title deeds.
WHAT IS A PROPERTY VALUATION REPORT?
A real estate appraisal report is created in which the value of a building is determined and recorded by experts using scientific methods. In the real estate valuation report, the calculation takes into account all factors that influence the value of a property. Real estate appraisal reports are prepared by appraisers licensed by the Capital Markets Board. The appraisal report contains the title deed of the property, the location of the building, the surroundings of the building, the technical characteristics of the building, the negatives that reduce the value of the building, the photos of the property, the documents and similar information.
PROCEDURE AFTER REAL ESTATE PURCHASE
If your dream real estate purchase has been completed, it's time to make the required subscriptions for real estate. Many subscriptions such as housing insurance, electricity subscription, water subscription, gas subscription, internet and telephone subscription are made after the sale of the house. You can get help from your professional consultancy companies to make these subscriptions and ensure that the works are carried out in accordance with the procedure and in the fastest way, and you can minimize the problems that may occur in this process.
As 2clicks.io, we have been preparing a suitable environment for foreign investors to invest in real estate in Turkey since our establishment and helping our clients with our expert staff in the scope of our work.
You can also contact us to benefit from our services and find answers to your questions. After the conversation, you can act quickly to buy property in Turkey and benefit from the advantages of Turkey's development.
Call now to invest in real estate in Turkey.
