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Steps of Buying Real Estate

Purchasing real estate in Turkey is secure, convenient, fast and affordable.

Turkey has been at the center of FDI ( Foreign Direct Investment) for decades. As a result, Turkey presents more fantastic opportunities to its investors in high returns from their investments.

While you may consider Turkey a vacation spot, these beautiful lands can also be the starting point for your new venture. By following the detailed steps and tips below, you can get a practical sense of how to complete the buying process quickly.

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1. PAY THE DEPOSIT

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2. SIGN THE CONTRACT

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3. GET YOUR TAX NUMBER

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4. OPEN A BANK ACCOUNT

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5. GET AN EVALUATION REPORT

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6. GET YOUR TITLE DEED

DECIDING ON WHAT YOU WANT AND ITS CRITERIA!

Keeping a few key points in mind while evaluating the alternatives will help find the right property for you or your investment goals faster and more accurately.

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Purpose

What kind of property are you looking for? A family home to put down roots, a vacation home for seasonal visits or maybe one that would be more of a passive income investment? Defining the following points will also help you narrow down your requirements.

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Location

If you are acquiring property for investment purposes, you want to be in an area that will gain value. Therefore, it is worthwhile to follow the urban transformation projects that add value to locations such as a new airport. In addition, you expect a summer house to be close to the beaches and a place where you will live with your family close to your children’s school.

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Budget

When deciding on property expectations, it is vital to consider your budget and choose accordingly. When preparing your list, try to think of features that you’d like to see in the property. Figuring out an investment or property style can help you choose which features to add to your list. For example, would you like a property with Smart Home features? Maybe you’d like extra amenities like a pool or garden? Do the property features you’ve selected add to its investment value? These features will provide a reliable measure of how well any property decision fits your goals and lifestyle.

Keeping a few key points in mind while evaluating the alternatives will help find the right property for you or your investment goals faster and more accurately.

Now your criteria are set, it is time to find Listings matching these criteria.

You can either search your next home in ListingTurkey’s search functions. Don’t forget to add the properties you like to your favorite lists so your list will be ready.

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WORKING WITH THE RIGHT REAL ESTATE PROFESSIONAL!

It is crucial to work with professionals when buying real estate. Your real estate agent should be experienced, professional and reliable. An excellent real estate professional will quickly understand the wishes you’ve set in the previous step. It will guide you on your search based on your goals. Your agent is supposed to be acquainted with all the procedures, places to go, and tips on life in the city to make the whole process very easy on you. Ensure you’re working with the appropriate real estate professionals to ensure that you’re making the best investment on the right property.

In ListingTurkey, our consultants’ sole purpose is to help you through your property search. Thanks to our commission-free working system, you will receive accurate consulting service freely from your investment amount.

VISITING THE PROPERTIES!

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Your property wish list is now ready, and you’ve found the right real estate professional. Now it’s time to explore the properties that have the features you seek. Don’t be afraid to ask a question, take pictures and take notes during the viewing tour. Later, when comparing the alternatives, access and review these details will make it very easy for you to choose confidently.

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DECIDING ON A PROPERTY!

After reviewing all your options, it is time to decide which one fits you best. If you’re feeling torn between properties. You can revert to your list of features to see how they work with your original property goals. You can also consult your real estate agent for an added insight.

MAKING AN OFFER AND AGREEING ON THE TERMS!

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Now that you have chosen your property, it’s time to bid and review the contract! Your goal during the deal process is not only to buy the property at the lowest price; but also to achieve the best results for all terms of the contract, such as handover, transfer date and payment schedule.

This is when you feel secure when working with ListingTukey professionals; since our Listing services are compensated by the developers, you will get the best price in the market.

Our sole purpose is to match the right investors with suitable projects, so we are obliged to provide you best consulting service in the market.

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PREPARING THE SALES CONTRACT AND HANDLING THE DEPOSIT

Once the agreement is reached, the next step is to sign the contract. At this stage, you should make sure that any terms you verbally made with the seller are stated in the agreement. Also, any payment, including the deposit you may have paid before the contract, must be in the contract of sale, with dates. If the terms are not clearly stated in the agreement, the results may differ from your expectations. An adequately prepared sales contract will help avoid disputes that may arise, making the best investment on the right property.

COMPLETING THE TITLE DEED TRANSACTIONS EASILY!

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Depending on the type of the project chosen, the transfer of title deed takes place within 2-3 days immediately after application to the Land Registry.

Overseas property sales often have a period when buyers need to transfer their money from their country to Turkey. Don’t forget to pay attention to this period and make sure that you get a tax number with your passport and open a bank account before starting the transactions. When you are ready to proceed with the payment, gather the necessary documents for the title deed, including a valuation report from an independent valuation institution authorized by the CMB. Then you can apply to the Land Registry and Cadastre Directorates with these documents. The land registry office will usually call you for an appointment within two days. Since your documents will be prepared in Turkish, you will need a sworn translator on the day of the transaction. You can get support from real estate professionals for all these transactions.

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THE PROPERTY IS NOW YOURS!

The process after the purchase is easier in Turkey than in other countries. Through an easy application, you can quickly get utilities connected, such as electricity, natural gas and the internet. With plenty of provider options, you will see that everything will be up and running within a few days.

You not just own a property in Turkey also have the privilege to become a customer of ListingTurkey. Our clients first to discover our exclusive deals, special occasions and exceptional services that we provide for homeowners like after-sales and wealth management services.

For more information about our services, get in touch with our expert consultants. We're always eager to hear from you!

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