Last Updated on 20/04/2023
People who think of buying a property in Turkey might imagine a complicated procedure that requires the investor’s physical presence. However, it might be a surprise to learn that buying a property in Turkey is nowadays entirely possible online without bothering to travel abroad.
This method of purchase showed its advantages, especially during the Pandemic. In fact, while the covid crisis caused paralysis in international transportation, real estate transactions in Turkey kept going without interruption in a practical and effortless way.
Let’s discover together the detailed steps of buying a property in Turkey online
Buying a property in Turkey online, an easy process
Buyers unable to travel to buy a property in Turkey can complete the entire process online. Thanks to advanced communication technologies, several steps can be completed quickly in this circumstance. However, the foreign buyer should give a power of attorney to a lawyer or another person so that they can do specific tasks on his behalf.
Steps of buying a property in Turkey Online
Determine your priorities and needs
Investors considering buying a property in Turkey should first determine specific priorities and features. To clarify, they should decide the purpose of the purchase and what they can afford for it. These main features will facilitate the browsing process and sharpen the target property. Moreover, some additional preferences like view, floor, and area might help find the best property to buy in Turkey.
Browse the properties offers
According to your preferences and needs, the real estate consultant selects a collection of alternatives likely to satisfy your expectations. He will provide you with complete documentation regarding the properties for sale. You will also get the floor plans, information about the location and the surroundings, and the legal situation and documents. Furthermore, some real estate advisors even offer you a virtual tour of the property to assimilate the living space better.
Suppose you are still unsure where you should buy a property in Turkey, MEO consultants team can offer you a complete advisory according to your needs and profile. Please take a look at our services.
Online viewing tour to buy a property in Turkey
The networked viewing tour is essential for buying a property in Turkey online. In fact, the real estate consultant conducts a video conference to examine the property of your choice live. He can use Facetime, Whatsapp, Skype, or any other communication technology that you are familiar with. According to your availability on a suitable date and time, the sales agent agrees with you in advance. He can show you all the specifics of the property to buy in Turkey as if you were present.
Book the property to buy in Turkey
Once you’ve selected the property that meets your needs and expectations, you must reserve it until the rest of the purchasing procedure is completed.
To clarify, Investors considering buying a property in Turkey should pay the reservation fee to get a better deal and fix the price. It represents 1% of the property’s worth. Moreover, the deposit will be subtracted from the agreed-upon price. Otherwise, it is only recoverable within a set period determined by the developer in case of cancellation. It can last up to four weeks in some cases.
Sign the contract
To complete the procedure of buying a property in Turkey, the buyer must sign the sale contract after reserving the property. The real estate consultant sends you the contract by post. Then you send it back after you sign it yourself.
Moreover, you can give a power of attorney to the real estate agent or another person of your choice so he can sign the contract on your behalf. In this case, he can send you a copy of the contract by email and keeps the original document until your visit.
Make the payment
The foreign buyer pays the agreed-upon amount following the payment schedule. In the case of a cash purchase, the buyer must pay the total amount. Otherwise, he should only transfer the down payment. The buyer can quickly transfer the amount from his country within a couple of days.
Power of Attorney
We can say that buying a property in Turkey online is very practical. Moreover, most of the steps can be done remotely. However, specific tasks require the physical presence of a representative. Yet, there is still an easy way to fulfill all the procedures while you are abroad. The foreign buyer must give a power of attorney to a lawyer or another person to complete specified tasks on his behalf. Thus, the representative you chose can complete the following steps for you:
- Get a foreign currency Exchange certificate
- Get Appraisal report
- Apply for title deed
After you complete these tasks, the property is officially yours, and you have all the full ownership rights.
Consult trustworthy real estate experts
New agents and real estate agencies regularly emerge as Turkey’s real estate market expands. To prevent being deceived, and ensure buying a property in Turkey in the safest way, consider a company with a proven record and necessary credentials.
As a result, a knowledgeable advisor will walk you through each stage of the process and provide you with accurate information and help whenever you need it.
MEO consultants team can advise you on a selection of trustable real estate companies that would provide you with a full-service purchase procedure.
If you would like to know further details about the real estate investment in Turkey, MEO Consultants offer you a complete advisory.
Learn more about our services.
