What Should Be Considered While Buying a Housing from a Housing Project?

First of all, when you buy a house from the project, the promise of sale contract should be drawn up by a notary public. In other words, the promise of sale contract must be signed in the presence of a notary public and must have a notary stamp.

Immediately after this contract is signed, the contract should be annotated on the land registry. In this way, it can be protected from possible negativities that may arise later, such as mortgages and foreclosures. In this contract, upon the request of the parties, a penal clause may be imposed on the withdrawing party in case of withdrawal from the contract.

When you make a down payment to buy a house from a project, if you sign a promise of sale contract in the presence of a notary public and do not annotate this contract on the title deed, your deed will still be with the contractor company. For this reason, in the event of a financial problem that the contractor may experience, you will leave open the way for third parties to put a mortgage or lien on the house that you have pre-paid or fully paid for. There are many projects where such grievances are experienced.

If you are going to buy a house from a project that has not been completed yet, it is the safest way to receive the title deed cleanly with the payment. In the event that this is not possible, you must annotate the pre-sale agreement with the contractor firm in the presence of a notary public to the deed.

The most important element of buying a house from a project in Turkey is to make safe transactions and to receive your title deed as soon as possible. However, some of the other important factors that you need to consider are the neighborhood, social facilities, construction quality, flat plans, and the price of the project in which you will buy a house. For this, you should definitely examine the regional market prices of the project you like and aim to buy housing from the right priced projects.