Tips for buyers of real estate in Turkey

The purchase of Turkish real estate guarantees a number of advantages for foreign investors. In addition to the opportunity to relax by the sea in their own apartments at any time of the year and move to permanent residence, foreigners can earn money by reselling and renting out housing.

Of course, the success of the purchase depends on many factors and, first of all, on how well you approach the choice of real estate, a seller or a construction company, and paperwork for a sale and purchase transaction.

We have prepared for you some useful recommendations that can help you buy Turkish property profitably and without risks.

Useful tips when buying real estate

Contact professional real estate agencies

The right choice of a real estate company is one of the decisive factors that guarantee you a profitable purchase of an apartment in Turkey. Of course, you can go to the Republic of Turkey, meet the locals and independently search for an object through friends and acquaintances. However, no one in this case guarantees you that as a result the purchase will be successful and you will not be deceived.

A reliable real estate agency in Turkey acts as an intermediary between the seller and the buyer, as well as your trustee in resolving all issues related to the choice of an object, the execution of a transaction, and adaptation to life in a new country.

How to find a good real estate agency? The most common way is to search for specialized companies on the Internet. Choose several agencies and pay attention to official websites and their quality, availability of updates, variety and relevance of prices for objects, customer reviews. After that, you can call and chat with managers, ask all your questions, see how quickly they will respond to your request and select the options that suit your wishes.

Don't neglect the sightseeing tour

Experienced real estate agencies provide a wide range of services. One of them is an introductory tour. Many Turkish companies provide this service for free.

The agency staff will select for you several suitable objects, which you can see with your own eyes when you arrive in Turkey for a few days. As part of the sightseeing trip, there will also be an opportunity to get to know the city, district, and living conditions better.

Reasonable savings

There is an opinion among buyers that choosing and buying real estate on their own will cost them less than with the help of a real estate company. However, in practice, unprofessional actions, on the contrary, can cost the investor even more. In particular, this concerns the monitoring of the market and market prices, since in the Republic of Turkey the cost per square meter is not regulated at the state level.

Professional agencies will help you choose a suitable property, conduct an objective market analysis, agree on prices and discounts, and agree on a convenient method of settlement. By the way, the services of most experienced Turkish real estate companies are free for customers.

Lawyer services

If you still plan to buy a home on your own, contact an independent lawyer for help supporting the transaction. It will support exclusively the interests of the customer. It is important that the specialist is fluent in your native language, as well as Turkish, or at least English.

Legal cleanliness and maintenance costs

A real estate agency checks all its properties for legal cleanliness of documents. In particular, whether the TAPU ownership certificate belongs to the seller and on what grounds. In addition, the presence of ISKAN (technical passport), debts, arrests and loans is checked. Monitoring of title documents is always carried out at the stage of preparing documents for a transaction.

Useful tips when buying real estate on the seashore include clarifying the amount for the maintenance of a residential complex (aydat). Aidat is charged to every property owner, regardless of whether he lives in his apartment in Turkey or not. Every month, all residents pay a certain amount for the proper maintenance of the territory of the residential complex and objects on it (pools, playgrounds, gym, hammam, parking, parking, green spaces, etc.), security.

The more extensive the infrastructure, the greater the amount for maintenance. If you have budget restrictions, pay special attention to the size of the aidat before closing the deal.

Do not pay the entire amount until the TAPU is reissued in your name

TAPU is the only document confirming the legal the right to own Turkish property and dispose of it: resell, rent, donate or inherit.

Advice when buying property in Turkey: do not pay the entire amount at once for the object you like, but only part of it. The remaining funds are best transferred to the seller before reissuing TAPU. Thus, you will protect your savings from fraudulent schemes and become the full owner of apartments in the sunny Republic of Turkey.

Draw up the contract responsibly

According to the law, the sales contract must be drawn up in two languages - your native language and Turkish. The document prescribes all the terms of the transaction, the obligations and rights of the parties, penalties for violation of the provisions, the terms for making payment. The more detailed the contract is, the lower the risk of making an unsuccessful purchase. All disputed terms must be agreed between the seller and the buyer in advance. Study the contract in detail and check with specialists for any incomprehensible points.

Checking housing under construction

Sometimes when purchasing property in Turkey there are useful tips from other buyers warning about the risks of acquiring properties under construction. Of course, this is the right recommendation, which should be taken into account by all investors from abroad.

Buying a property at an early stage of construction work in the Republic of Turkey is a great opportunity to save a tidy sum and earn on resale after the house is put into operation. The rise in price per square meter here occurs gradually, so the lowest price is at the stage of excavation.

Of course, no one is immune from the risks associated with the acquisition of housing at the construction stage. However, in Turkey, the government carefully monitors the fulfillment by developers of their obligations to investors and severely fines violators. Most developers invest in construction. It is in their interests to build the property as quickly as possible, make a profit and proceed to the next object. “Unfinished construction” or “long-term construction” - for Turkey, these concepts are almost nonsense. Therefore, the number of foreign investors in housing under construction is increasing from year to year.

Advice when buying an apartment in the primary and secondary market in Turkey is not much different from each other. Perhaps the most important of them is to choose the right trustee among real estate agencies or developers.

Contact Nordic Property Construction and we will help you choose liquid real estate by the sea in Turkey without risks and overpayments!