Tips for Buying Property in Turkey
Tips for buying property in Turkey
Buying Property abroad is different from buying a new iPhone in your country. It's different and needs some expertise and checkpoints.
Location
First of all, could you please decide on the location? What kind of neighborhood do you want to live in?
Want to buy in a big city or a small city
A quiet place or want to be in the city
Check all the location details before deciding on the city and neighborhood.
Budget
Please review your budget before you make an offer to the seller. When you find your dream summer home in Turkey, people usually stretch their budget; however, it can affect your economy in the future. Before you offer to the seller, could you set your maximum budget for the apartment in Turkey?
If you are buying a new building property, you should consider furnishing costs, too. Furnishing prices about €4K for two-bedroom apartments in Turkey
Size
Please consider why you are buying an apartment in Turkey. Is it for a holiday to use a few weeks during your summer holiday or permanent living? Most foreigners purchase holiday homes in Turkey. So you don't need a big home as you will not be living permanently. If you are a small family who wants to buy a holiday home, you only need up to two bedrooms.
Choosing a Real estate agency
As an expat, you need a real estate agency to follow all your procedures in Turkey. You can try to find a trusted agency with good references.
Hunting Turkish Property and Price Comparison
You have different tools to check the Property in Turkey; the most important is the Internet. Please check the real estate web pages and other listing pages like sahibinden.com and emlakjet.com. When you find your dream home in Turkey, please check prices for identical apartments from different real estate agencies before signing a contract. Sometimes, they can put different prices for the identical apartments. Could you make sure you get the best possible prices?
Signing the contract
Only sign a contract if it's translated into your language. Read all the details carefully. This contract should include property details such as the Plot number, apartment number, and address. A copy of the title deed should be attached to the contract.
The payment plan should be written, and a 5% deposit should be paid at most.
Estate agency commissions should be written and clear. Sometimes, the commissions are included in the price, and sometimes, they are a 3% commission from both the buyer and seller.
The Deed Conveyance
When you have passed all the steps, you will be ready at the land registry office in Turkey. The last thing you should check is If there is any mortgage on this title deed. Please ask your translator about this case to ask the officer.
After you follow all these tips, everyone will be safe and happy. Good luck with your new home in Turkey.
