What Should You Consider When Buying a House in Turkey?

First of all, you should determine the features that should be in the house you want to buy in Turkey. What are the important features that you want to have in the house you will buy? What features do you think would be nice if they weren't required? Since buying a house is a matter that requires attention and time, you will be more profitable if you work with a real estate consultancy firm in Turkey.

Let's say you have identified a house that seems to fit your criteria, among your consultant's suggestions, and you are now considering purchasing this house. In this case, ask your advisor to provide you with information about the title deed registration of the house.

Look at the land registry and ask your advisor to report on the following information:

Who does the house belong to?

If there is more than one shareholder, what are the share ratios?

Are all shareholders willing to sell?

Is there a right of easement on the housing?

Is there a mortgage or lien?

Is there an injunction preventing the sale?

Is the floor servitude established?

Is the house hot?

Ask either your consultant for a comparative fair value analysis to make sure you're getting the property at the right price.

After agreeing on the price with the landlord, you will now proceed to the deed stage. Be sure to sign a purchase and sale contract through your advisorx before this. Write down the amount of deposit you will put into this contract. If you are going to use a bank loan, make sure the landlord will give you enough time to get your loan approved. Determine when you can take delivery of the house as empty with this contract. Your real estate consultant will ensure that these issues are clearly written in the purchase-sale brokerage contract.

Housing loan use

In Turkey, you can use a housing loan for houses with an easement title or an inhabited house. There are maximum upper limits that you can use for housing loans. Your advisor will inform you about the current credit limits you can use.

Deed process

Now you are at the deed process stage and it is very soon before you become a home owner. You can make the payment for your house via bank account-to-account eft or with a blocked check that you will receive from the bank. Although it is recommended to pay by bank, it is still possible to pay in cash at the title deed. Since your payment must have been made before signing the deed, complete your preparations as of the deed date.

After the deed transaction, the seller is obliged to deliver your house in accordance with the contract you made. You can get support from your advisor in this regard.