Avoid these mistakes when buying property in Turkey 2022

If you are going to buy property in Turkey for the first time, you are likely to be prone to making mistakes because you do not have enough information about the real estate field in this country, so we found it necessary to dedicate the following article in order to point out some common mistakes that the buyer makes.

If this is one of the topics that interest you, we advise you to follow these lines with us, and we wish you a good and enjoyable follow-up.

Learn about these mistakes when buying a property in Turkey:

In the following paragraphs, we will make sure to mention to you all the important information that will prevent you from making mistakes when owning real estate in Turkey.

First: Buying a property on your own:

Many investors or foreigners believe that it is very easy to buy a property in Turkey without asking for help from an experienced and famous real estate company. You can certainly achieve success by relying on yourself, but the possibility of failure is greater. You may be a victim of real estate fraud or deception, and you may discover later that you paid thousands of misplaced Turkish liras.

You may be wondering about the importance of dealing with a reliable real estate company?

- Be with you from the moment you arrive at the airport and escort you to the most important hotels in the city to have a special stay.

- Later, it takes you on real estate tours to see the most important projects available in the market, to see specifications and prices.

- Upon arriving to pay the value of the property with its extensive experience, it professionally negotiates the price to satisfy both parties, the seller and the buyer.

- Helps you in obtaining the required papers and documents and provides assistance in obtaining Turkish citizenship.

Second: Choosing an unreliable / famous real estate company:

With the increase in the demand for buying real estate in Turkey, the number of real estate companies and real estate agents has increased, and this may make you feel confused about which companies to choose.

There are many bases on which your choice must be based, and through the following paragraph we will refer to them in detail:

- It should have a wide reputation in the market and you can ask about it to be sure of its experience and history.

- You have to see the quality of the services it provides, are their services sufficient for you to achieve your goals.

- Check out the number of its real estate sales and communicate with its previous clients.

- Communicate with it, either by phone or through a personal interview, how responsive it is to you and your inquiries.

Third: Signing contracts in an informal department:

One of the details that must be taken into consideration is that contracts are signed within the Tapu Department, because any document issued by others is considered unofficial and unrecognized, even if it is from the Notar office.

Fourth: Ignoring the real seller:

One of the most famous forms of real estate fraud is impersonating the owner of the property by forging papers by exploiting his travel or absence, so you must be careful to identify him and make sure of his identity.

Fifth: Buying a property in installments without making sure that you can pay the installments:

Many foreigners resort to buying real estate in installments in Turkey, and it is a feasible idea for some people, especially those who do not have enough money to pay in cash. But before you sign the purchase contract, you must make sure that you can pay all the installments on the agreed date, otherwise you will be subject to fines.

Sixth: Choosing incorrectly and not suitable for your goal:

It is possible that your choice of property does not match the goal you are seeking to achieve, so you should first ask yourself (why do I want to buy a property in Turkey) before starting the search.

Do you want housing and residence, real estate investment, or obtaining Turkish citizenship? For example, it is not recommended to buy a large area property if you want to invest in real estate because the demand is not great for this type of real estate and it cannot be sold easily in the future when you want it, while if you want to live in it, there is no problem in choosing what suits you, where you must choose What brings you comfort and privacy.

In the event that you want to obtain Turkish citizenship, you must look at the projects that were built in accordance with the conditions for obtaining it, that is, the price of the property should be a minimum of two hundred and fifty thousand US dollars and a commitment not to sell it before the passage of three years, and there are many other conditions that they must be adhered to:

- The property must be purchased from a Turkish citizen or a Turkish construction company.

- The property must not have been used previously to obtain citizenship.

- You must pay the price of the property through the bank and take receipts confirming this.

It should be noted that you should pay close attention to the offers that are presented as being suitable for citizenship, and in reality, they are on the contrary, and this is a common real estate fraud method.

Seventh: To start the search without allocating your budget:

Make sure that you monitor what you have of money before you start searching so that you are not surprised later by the existence of costs that you did not calculate and have to borrow in order to cover them, so you have to see all the taxes and fees incurred by you.

Eighth: Failure to verify the legal status of the property:

One of the important steps that you must take when buying a property in Turkey is to make sure that there is no legal problem on the property such as mortgage or seizure and others that negatively affect its value and hinder the completion of the sale.

There are many mistakes you may make when buying real estate in Turkey, which we presented in this article and provided you with solutions to avoid them. We hope that you have benefited. If there are more inquiries, please contact us so that our advisory team will provide you with all the information, details and advice you need.

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