Are you thinking of buying a house in Turkey? Then you need some information about the necessary conditions and procedures.
Purchasing a home in a different country requires a series of procedures that must be followed carefully to avoid
Possible problems, and we will help you in this task by providing the common and necessary inquiries that you need when buying a house in Turkey so that you are fully aware of all matters related to buying the ideal home in Turkey.
How to buy a house in Turkey
In the following paragraph, here are the main steps that explain the purchase mechanism:
- Search for the available real estate in the region of Turkey in which you want to buy the house and you can use local real estate agents or websites that specialize in Turkish real estate.
- Take tours to visit the selected properties, check their condition and suitability for your needs and you can contact your real estate agent to arrange a viewing.
- To cooperate with a lawyer specializing in real estate law in Turkey, the lawyer will help you examine the legal documents of the property and ensure the integrity of the purchase process.
- Prepare the required documents to complete the purchase process, these documents include a passport, personal identification paper, address registration paper, and other necessary financial documents. On the advice of a lawyer, a purchase contract will be prepared and signed between you and the seller and the contract will contain details of ownership, terms of purchase, and the agreed amount.
- Arrange to pay the agreed amount to the seller and you can use bank transfers, bank checks, or other available payment methods.
- After payment, the property must be registered and the title transferred in your name.
Notes when buying a house in Turkey
When buying a home in Turkey, here are some notes to keep in mind:
- Do thorough research and double-check before making a purchase.
- Visit the area and explore the local real estate market.
- Seek help and advice from trusted real estate agents.
- Make sure you hire a professional and certified real estate agent to get help with the buying process, so carefully review contracts and agreements and make sure you understand all the details and terms.
- Verify the validity and legality of real estate documents related to ownership, ensure that the seller has the legal right to sell the property, and that the property is not mortgaged or attached.
- Verify the area of the property and the specifications mentioned in the contract, such as the number of rooms, bathrooms, finishes, and available facilities, and make sure that the property matches your requirements and needs.
- Check the financing options available to you in Turkey and make sure you can finance the purchase you may need to open a bank account in Turkey to make the payment.
- Make sure you understand the taxes and fees associated with the purchase factor them into the cost of the property and inquire about possible local taxes, legal fees, and administrative costs.
- It might be a good idea to get legal advice.
What are the papers required to buy a house in Turkey?
- The passport, which must be valid for not less than six months, translated into Turkish, and documented by a notary public or notary.
- A real estate appraisal report must be obtained, which is issued within a few days this report is a condition for purchasing a property in Turkey, and the purchase process cannot be completed without it.
- Obtaining a home insurance policy against earthquakes in Turkey.
- Provide a personal photo of the seller and two photos of the buyer.
- Providing a bank receipt proving the payment of the price of the property from the investor or buyer’s account, and it must be stamped with the bank’s seal.
- Providing a bank receipt proving receipt of the price of the property from the seller's account, and it must be stamped with the bank's seal.
- Obtaining the property title deed to complete the homeownership transfer process.
- A DAB document confirming the exchange of foreign currency from the Central Bank must be submitted.
Reasons to buy a house in Turkey
Several reasons motivate people to buy a house in Turkey and among these reasons:
- Turkey is witnessing strong economic growth and is an attractive destination for investors and buying a house in Turkey can be an opportunity to take advantage of the active real estate sector and achieve a good investment return.
- The Turkish government has introduced many facilities for foreigners wishing to buy real estate, which makes the buying process easy and affordable.
- It enjoys relatively political and economic stability compared to some other countries in the region and this enhances confidence in the real estate market and encourages people to invest in it.
- It embraces a rich culture and ancient history, which makes it an interesting destination for travelers and investors who want to live in an environment with a diverse cultural heritage.
- Enjoying an amazing geographical diversity, from charming beaches to beautiful mountains and modern cities, this provides various opportunities to enjoy leisure activities and touring.
- It has affordable air tickets and excellent air connections, which makes traveling and getting to the country easy and convenient.
Which is better, selling a house or buying a house in Turkey?
Whether selling a home or buying a home in Turkey is best for you depends on several factors and personal considerations and here are some points you can consider:
House sale:
If you own a house in Turkey and want to change the property or invest money in another project, selling may be the best for you.
A sale can provide you with the cash flow and funds to move into a new venture or achieve other financial goals.
House purchase:
If you are looking for a new home to live in or to take advantage of real estate investment opportunities in Turkey, this might be the best purchase for you.
You can achieve good financial returns by renting the property or increasing its value over time.
There are also other factors that you should consider such as your personal needs, available budget, financial goals, future financial stability, and your desire to invest in real estate.
If you are unsure about which option is best for you, it may be a good idea to consult with a professional real estate agent and financial advisor to get tailored advice that suits your situation and goals.
Read also:
The Ultimate Guide for Buying a Villa in Istanbul