Hello! If you are interested in real estate investment in Turkey, you’ve come to the right place. In this blog, we will guide you through the process of buying and selling property in Turkey.
Buying Property in Turkey:
- Location Selection: Turkey offers many different regions where you can buy property, such as Istanbul, Antalya, Alanya, Fethiye, and Bodrum. You need to decide on your preferences and budget to choose the right location.
- Property Search: You can use various resources such as real estate agencies, websites, classifieds, and local newspapers to find the perfect property. It’s important to be cautious when selecting a property and it’s recommended to consult with a lawyer or an experienced real estate agent for assistance.
- Property Inspection: After finding a suitable property, you should inspect it in person or through a representative. It’s crucial to check the condition of the property, property documents, and the availability of all necessary permits and licenses.
- Transaction Processing: When buying a property in Turkey, you need to complete relevant documents, such as a sales contract, tapu (certificate of ownership), earthquake insurance, and other necessary documents. It’s advisable to seek legal support from a lawyer during the transaction process.
Selling Real Estate in Turkey:
- Market Value Assessment: Before listing a property for sale, it’s recommended to assess its market value. You can use the services of professional appraisers or real estate agents to determine the sale price.
- Real Estate Advertising: After determining the sale price, you should start advertising the property. You can use various advertising channels such as websites, social networks, local newspapers, and cooperate with local real estate agencies.
- Property Showings: Potential buyers interested in your property may request a viewing. It’s important to be prepared to conduct property showings and provide all necessary information about the property.
- Document Preparation: When selling real estate, you need to prepare all necessary documents, such as a sales contract, tapu, and other legal documents. It’s also recommended to seek legal support from a lawyer during the sale process.
- Completion of the Transaction: Once you find a buyer and reach an agreement on the price and terms of sale, you need to formalize the transaction at the notary’s office. This involves transferring ownership of the property and paying taxes and fees associated with the sale.
- After-Sales Services: After the transaction is completed, it’s recommended to take care of after-sales services, such as transferring utility bills to the new owner, handing over keys, and other necessary actions.
It’s important to note that the rules and procedures for buying and selling property in Turkey may change, so it’s always advisable to consult with professionals and stay updated with the latest updates in legislation.