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How to Buy Real Estate in Turkey – Choose an Established Real Estate Company

Posted by Turkish Home Office on May 28, 2014
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Turkish Home Office  offers comprehensive and free Before and After-Sales Services. We follow up the process, guide you through the process, and deal with legal procedures for you. Our experts give you details about settling and the responsibilities of home ownership in Turkey.

We prepare a wish list of your dream home. We listen to your needs and expectations. Then, we organize viewing tours of the best properties that meet your needs. We find the perfect home for you on the tour.

When you decide to buy a property, you pay a deposit of 5.000 GBP (or Euros). You book it and fix the price. Our company lawyers prepare a sales contract. It consists of the agreed conditions and payment terms.

You sign and make a down payment within 1 to 2 weeks after the deposit. You pay the remaining amount at the time of title deed transfer.

Many situations can affect the duration. For example, the fact that the real estate is key-ready or is under construction has a significant effect on the duration. If it is key-ready, you complete the process within 1 to 3 days.

Then, you obtain a tax number. It is required for financial transactions. We open a bank account on your behalf to make your payments. It can be used later for automatic bill payments.

You take the title deed of your property. You must have made all payments and paid all property-related taxes outlined at this point.

The Chamber of Commerce says real estate agents can charge 2% from the seller and 2% from the buyer. But, if you buy one of our own developments as a construction company, we usually waive the buyer’s commission rates.

Choose an Established Real Estate Company 

We always recommend working with a professional real estate agency. It is crucial because you may encounter scam attempts.

For example, the house shown to you may differ from the house you purchased. You may overpay. You find out later that the condition of the house you bought is not good. There are so many unfortunates like these.

Let’s say you find a good Turkish property. But, if you make mistakes in official procedures, you will have to start all over again. At that time, the seller can refuse or change the price.

You should also work with a legally established company. Everyone can sell property, such as taxi drivers, receptionists, waiters, or travel agents.

They have generally a brother, friend, or uncle who builds or sells real estate. They work for them on a commission basis. They are not an established agency. These sellers have no interest in protecting the rights of buyers.

So, we know that mutual trust and healthy communication are important. Our expert team keeps you informed at every step of the process.

We serve you in your language. You are with an expert who knows your language and culture throughout the whole process.

We also help you after the process is over. Our customers have the privilege of benefiting from our Before and After-Sales Services. We are with you from getting utility subscriptions to decorating your home.

If you search for a property to buy in Turkey, we are ready to find the best. You can contact our expert team for further information.

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