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Process to Buy Property in Turkey
You’ve chosen your property, have your finances ready and are eager to jump into the Turkish real estate market so what happens next.
Step 1 - Research
When looking to purchase property in Turkey, it is essential that you do your research in advance. There are thousands of real estate agents and properties to choose from, so take your time and find the right agent for you. We recommend conducting your own research into which region of Turkey best suits your needs, budget, and expected lifestyle. Once you have a good understanding of the market, you can start looking for a local estate agent.
Make sure to interview different agents before making your final decision. At Buy in Turkey, we pride ourselves on our knowledge of the Turkish property market and our experience in dealing with thousands of property transactions. We would be happy to provide you with honest and detailed information about all Turkish regions. Contact us today to learn more about purchasing property in Turkey.
Step 2 - Choose your agent
When you're looking for a home in Turkey, it's important to find an experienced and trustworthy agent who can help you navigate the market. Turkey has a wide range of property types and prices, so it's essential to work with an agent who understands your needs and can help you find the right home for you. The best way to find a good agent is to ask for recommendations from friends or family who have already purchased property in Turkey. Once you find potential agents, make sure to interview them and ask questions about their experience and knowledge of the Turkish real estate market. With the help of a good agent, you can find the perfect home in Turkey without any trouble.
Step 3 - Contact the agent
After you've chosen the best agent to help you find your home in Turkey, talk to the person in charge to build a good rapport. This will ensure that your agent is working hard to find the perfect home for you and your family. A good relationship with your agent will also make the process of buying a home much smoother and more enjoyable. Here are a few tips for building a good rapport with your agent:
Be clear about what you're looking for
Your agent can't read your mind, so it's crucial to be clear about the type of home you're hoping to find. Give your agent as much information as possible about your ideal home, including location, budget, size, and amenities.
Communicate regularly
Once you've started working with an agent, be sure to communicate regularly. This means keeping them updated on any changes in your situation, such as a new job or a growing family. It also means promptly returning their calls and emails. By staying in touch, you'll show that you're serious about finding a new home.
Be patient
Buying a home is a big decision, so it's important to take your time and consider all of your options. If you rush into things, you may end up making a decision that you regret later on. Trust that your agent is doing their best to find the perfect home for you and be patient throughout the process.
Step 4 - Visit Turkey
When you are ready to purchase a property in Turkey, it is important to visit the country and see the properties in person. This will give you a better sense of what is available and help you make the best decision for your needs. The Buy in Turkey team can assist you with booking arrangements to view properties and provide guidance throughout the process. We understand that purchasing a property abroad can be daunting, but we are here to help make the process as smooth and easy as possible. With our assistance, you can find the perfect property in Turkey that meets your needs and budget.
Step 5 - Tailoring the best deal and choosing the best property
As your consultant, it is our job to secure the best deal possible for you whether you are buying a retirement villa in Turkey or an investment apartment. We have extensive networks and contacts which means we can secure significant discounts from developers as well as private sellers. We will negotiate on your behalf to ensure the best possible price and terms. Our goal is to get you the best deal, so you can relax and enjoy your purchase.
Contact us today to see how we can help you.
Step 6 - Property checks
You’ve chosen your property, have your finances ready and are eager to jump into the Turkish real estate market so what happens next.
We will double check at this point, that the seller's paperwork is 100% up to date. This means checking the title deeds match details at the land registry office, the property is debt free, and also has an Iskan (habitation certificate).
Some sellers are open to offers in which case, we will convey your offer to them. Otherwise, we inform the agent that you are purchasing and begin the process. We can recommend a list of independent lawyers and translators, or you can source your own.
Once contracts detailing terms and conditions as well as payment plans have been drawn up and notarized, a deposit to secure the property will be needed, and we will file your military check application.
Step 7 - Pay deposit
At Buy in Turkey , we understand that finding the perfect home is a big decision. That's why we offer a reservation service to our clients. Once contracts detailing terms and conditions as well as payment plans have been drawn up and notarized, a deposit to secure the property will be needed, and we will file your military check application.
The cost of reserving real estate in Turkey is generally around £1,500 and is non-refundable. This amount is given to the seller as a reservation deposit and is deducted from the agreed purchase price.
However, if the property is reserved, but you decide not to buy it anymore, the reservation deposit is non-refundable.
Our priority is making sure our clients find their perfect home, and our reservation service gives them the peace of mind they need to make such a big decision
Step 8 - Appointing Power of Attorney / Hiring a Solicitor
APPOINTING POWER OF ATTORNEY to conclude the purchase In Turkey there are many different types of power of attorney, there are two that are connected with buying a home in Turkey that you should take note of:
General power of attorney: This gives a general right to the solicitor to represent you legally in all matters and in some cases, your signature will be needed for approval.
Specific power of attorney: This gives a specific right to a solicitor to represent you in a specific transaction, in this case, a purchase of a property. Specific power of attorney is the normal route that foreigners take when buying a home in the sun.
What can a solicitor in Turkey do for you exactly?
The solicitor will help you buy, sell, or rent out your Turkish home.
Take care of tax and make legal claims or conduct litigation on your behalf
Before you grant power of attorney to a solicitor, a document will be drafted which will state exactly what the solicitor can and can't do on your behalf. You are free to allow the solicitor as much autonomy or little as you want.
In order to grant power of attorney, you will need to complete certain legal documents that need to be notarised to be used legally in Turkey. These documents will also need to be translated into Turkish and English and notarised. The Buy In Turkey team can explain and handle all legal procedures for you and provide the necessary documents needed.
You can also revoke power of attorney at any time. This can be done either in Turkey or in your home country at the local Turkish consulate. All you need to do is to contact a notary or Turkish consulate and send a written notice to your chosen solicitor with the information that the power of attorney has been revoked. Make sure that you request that all copies of the original document are returned to you.
Step 9 - Setting up a bank account
Buy In Turkey will facilitate a Turkish Tax Number for our Non-Citizens also called “Application for Non-citizen’s Potential Tax Number,” will need a copy of your passport, phone number, approx. 30.000 Turkish Lira as deposit and 2 proofs of current UK Address, i.e. Utility Bills. Read more
Step 10 - Receiving the Tapu
The Tapu is actually or official Title Deed; the proof that you are registered as the official legal owner of a registered property in Turkey.
How do I transfer Tapu?
The Land Registry Office also known as the Baladiyah in Turkey, we will make an appointment for you along with the initial signed property contracts between the seller and the buyer. There is a fee you have to pay for the Tapu in Turkey to transfer ownership, i.e. names. Once you have received your title deeds, you can then begin to register your utility meters to the new names (i.e. new owners) which is usually for the electricity, gas and water meter. This can be all done in person or via appointing power of attorney.
How much is Tapu in Turkey?
The amount of Tapu is 4% of the total property price. Customarily and legally, 2% of the amount is the responsibility of the buyer, and 2% is the responsibility of the seller to pay.
How long does the buying process take?
Buy In Turkey promises a smooth buying process as possible. This usually takes up to 6 to 8 weeks maximum. However, if a client pays the full amount, the process is usually not more than 30 days after contracts signatures.
The lawyers and developers will then draw up a contract to complete the transaction. Recent changes in rules governing property ownership now facilitate TAPU, for foreign buyers.