Essential Steps to Buy Property in Turkey:
Do your research The Turkish property market is growing day by day. There are literally 1000's of properties for sale in Turkey and 100's of real estate agents. All will tell you different things and give different advice. We believe that our strong point is our longevity in the market, our knowledge of Turkey and experience in dealing with countless property transactions.
Compare agents when looking for a home in Turkey, we advise you to check testimonials of different websites, compare different property agents and seek longevity in a property developer or agent.
Talk to your property agent and build a good rapport some of us are shy of picking up the phone and talking to property agents. We do not like 'being sold to' and as such we try to avoid putting ourselves in circumstances, where we might be confronted by a 'pushy' sales person. This is very natural, however, if you can't talk openly and at length with your agent, then your agent will not be able to understand your needs and preferences. Without fully understanding your requirements your agent will find it difficult to source the right property for you.
Visit Turkey before you buy. The old saying, ‘seeing is believing’, really can’t be truer when describing Turkish property. In order for you to successfully make a decision on whether to buy a home in Turkey or not – you will need to visit Turkey, get to know the surroundings, try out the local restaurants and cuisine.
Go on a property inspection tour. A professionally organized and put together inspection tour with a reputable company will help you in your property search to a great extent. We recommend at least 4 days dedicated to seeing various homes with us, sorting our paperwork, and getting accustomed with local scenery and lifestyle.
See lots of properties to make sure you are settled on the right one during your inspection trip with us, we will ensure that you visit as many properties as possible in as many locations as possible and reflecting a large price range to make sure that you really do get your value for money. During our initial talks on the phone, emails and possibly face to face meeting prior to your viewing trip, we will have scoped out and marked plenty of homes and real estate in Turkey for you to see.
Negotiate on the price and terms of purchase whether you are buying a villa in Turkey or an apartment, at Keyshead International we will always negotiate on your behalf to ensure the best possible price and terms are achieved. Due to our longevity and reputation in the market, we can secure significant discounts at times from developers as well as private sellers. This is our job, as your consultants and representing you, we will get you the best deal.
Reserve the property and freeze its price. Once you have found your dream home, villa or apartment in Turkey, we will then reserve the property for you so that we can proceed with the purchase process. The cost of reserving real estate in Turkey is generally around Euro 1,200 and is nonrefundable. This amount is given to the seller as a reservation deposit and it gets deducted from the agreed purchase price.
Appoint a solicitor by power of attorney to conclude the purchase for you the easiest way to purchase a property in Turkey is by granting power of attorney to a solicitor in Turkey to conclude the deal on your behalf. This saves you a lot of time and ensures that your purchase will be as smooth as possible. At Keyshead International we have worked with many qualified and highly recommended solicitors and will introduce you to a lawyer during your inspection tour.
Conduct final completeness check on the property. After signing contracts, the purchase should take around 4 weeks to complete. Your appointed lawyer (solicitor) will during this process make all necessary checks on the property – including title check, municipality check, and military clearances to guarantee that the property is freehold registered in your name.
Receiving of the title deed. The final step to complete your real estate purchase in Turkey is registering your title deed (or “Tapu” in Turkish). Once we have secured all paperwork and both sides have carried out their contractual obligations – your home will be registered to your name and you will receive the title deed to your new home in Turkey.