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If you are thinking of buying a house in Istanbul, you have come to the right place. Istanbul is a city that effortlessly blends rich history and modern charm, offering a variety of accommodations to suit a variety of tastes and budgets. Big Property Agency, the leading real estate agency in Istanbul, is here to provide you with a comprehensive guide to buying a home in this wonderful city.
Definition of requirements
Before you start looking for a home, it is very important to define your needs and preferences. Consider factors such as location, property type, size, amenities and budget. Istanbul offers a variety of options, from luxury apartments in the city center to charming villas by the sea. By defining your needs, you can narrow your search and focus on properties that fit your vision.
Real estate market research
Istanbul’s real estate market is dynamic and ever-changing, so it’s important to keep abreast of market trends and events. Do thorough research on different areas, real estate prices and investment opportunities. Our team at Big Property Agency can provide you with up-to-date market information and guide you to areas with high growth potential. Work with a reputable real estate agency
Working with a reputable estate agent like Big Property Agency can make a big difference in the buying process. Our experienced agents have in-depth knowledge of the Istanbul market and can provide valuable guidance throughout the process. We will listen to your requirements, show you suitable properties and help you with negotiations, documents and legal processes.
Property viewing and inspection
Once you’ve identified potential properties, it’s time to create a viewing plan. Our agents will accompany you and provide detailed information about each property, including features, condition and customization options. Please take the time to ask questions and carefully evaluate each property. If required, we can arrange a professional inspection to ensure the property meets your expectations.
Financing and support options
Financing is an important factor when buying a home. At Big Property Agency, we can connect you with trusted local banks and financial institutions that offer competitive mortgage rates and favorable terms. Our team can help you prepare the necessary documents, submit your mortgage application and go through the approval process.
Negotiation and purchase agreement
Once you’ve found your dream home, our experienced negotiators will work on your behalf to achieve the best price and terms. We will help you prepare a convincing offer and negotiate with the seller to ensure a fair and mutually beneficial agreement. Once your offer is accepted, we’ll help you draft your purchase agreement to make sure it includes all the necessary provisions for your protection.
Legal Assistance and Due Diligence
Navigating the legal aspects of buying a home in Istanbul can be complicated, especially for foreign buyers. Big Property Agency connects you with trusted legal professionals specializing in real estate transactions. They conduct a thorough inspection, check the legal status of the property and ensure that all necessary permits and documents are in order.
Closing the agreement
As the closing date approaches, our team will facilitate the transfer of property by coordinating with all the parties involved. We will ensure that all financial obligations are fulfilled, the necessary taxes and taxes are paid, and the property is officially registered under your name at the Land Register Office. Our goal is to make the closing process smooth and efficient for you.
After-Sales Support
Even after the deal is closed, our relationship with you continues. At Big Property Agency, we offer full after sales support to ensure your satisfaction. Whether you need assistance with property management, rental services or future investments, our team is here to help.
Legal Basis
In accordance with the Article 35 of the Land Registry Law No. 2644, amended by Law No. 6302, which came into force on 18 May 2012, the condition of reciprocity for foreigners who wish to buy property in Turkey was abolished.
Information on countries whose citizens can buy property and estate in Turkey can be obtained from the Turkish Embassies/Consulates abroad and the General Directorate for Land Registry and Cadastre (Tapu ve Kadastro Genel Müdürlüğü). Foreigners who purchase real estate without a building (land, field) must submit the real estate construction project to the relevant ministry within two years.
When a “contract of sale” or other type of sale agreement is entered into before a notary public, legal ownership of the property is not transferred. Signing a buyer-seller contract is of course useful if you disagree with the terms of the sale and helps clarify the expectations of both parties, but legally it is nothing more than a “gentleman’s pleasure”.
Step 1: Do your research
The real estate market in Turkey is growing day by day. There are thousands of properties for sale in Turkey and hundreds of real estate agents. Each agent will tell you different things and give you different advice. We recommend that you carefully research which region of Turkey best suits your needs, budget and expected lifestyle and determine the return on your investment.
Step 2: Research the agencies
For many people, buying property overseas is more of a lifestyle choice than a physical one. Therefore, the broker you deal with must understand and appreciate the lifestyle you pursue. If not, you won’t have much chance of guiding them to the right areas and types of investments. Remember that Turkey is a huge country – bigger than France and four times the size of the UK – so there are huge differences between regions in terms of climate, culture and scenery. Only a professional and caring real estate agent can guide you in the right direction.
Step 3: View as many properties as possible
Avoid inspection tours offered by brand developers. Since you can only see properties sold by a specific developer, you may miss out on many properties in that area. These tours are also popular for their hard selling techniques.
Step 4: Negotiate the price and terms
Whether you are buying a retirement villa or an investment apartment in Turkey, at instabul.co we always negotiate on your behalf to get the best price and terms. Our extensive network and connections allow us to obtain significant discounts from both developers and private sellers.
Step 5: Book accommodation and confirm price and conditions
Once you have found your dream house, villa or apartment in Turkey, we will reserve the property for you to continue the buying process. Accommodation bookings in Turkey usually cost around £1,000 (€1,200) and are non-refundable. This amount will be provided to the seller as an advance for the reservation and will be deducted from the agreed purchase price.
Step 6: Appoint someone as your agent to complete the purchase on your behalf
The easiest way to buy real estate in Turkey is to give a Turkish lawyer a power of attorney to complete the transaction on your behalf. This saves you time, eliminates the need to stay in the country while your purchase is completed, and ensures that the purchase goes as smoothly as possible without hiccups or problems.
Step 7: Final confirmation of ownership
It takes about 4 weeks from contract signing to purchase. The solicitor you appoint will carry out all necessary checks on the property during this process, including title check, municipal check and military clearance to ensure the property is registered in your name.
Step 8: Receive your title deed (TAPU)
The final step to complete your property purchase in Turkey is to register your TAPU (or title deed). Once all the documents have been secured and both parties have fulfilled their contractual obligations, your house will be registered in your name and you will receive a title deed (TAPU) for your new home in Turkey.
conclusion
With the right guidance and support, buying a home in Istanbul can be a rewarding experience. At Big Property, we would be happy to help you find the perfect home in this amazing city. From understanding your needs to navigating the legal process, we’ll be with you every step of the way. Contact us today to start your journey to real estate ownership in Istanbul!
