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The completion of the real estate purchase process in Turkey for a Turkish citizen or a foreigner is based on several conditions, the most important of which are:
Opening a bank account in a Turkish bank to deposit the value of the property in it
Where the title deed (Tapu) is not extracted and the procedures for transferring ownership between the seller and the buyer are implemented in the official departments only with the presence of an official financial transfer from the buyer’s bank account to the seller’s bank account, and that financial transfer is the value of the property that was sold.
Therefore, a foreigner wishing to buy real estate in Turkey must open a bank account for him inside the country, through which the legal sale or purchase of real estate is carried out.
Obtaining a tax number in Turkey
It is a step related to the previous one, as it is not possible to open a bank account in Turkey without a foreigner’s tax number, and the tax number is extracted from the Turkish Tax Department when applying for a legal residence permit in Turkey.
The presence of the real estate owner or his representative by proxy
One of the main conditions for legally completing a real estate purchase transaction in Turkey is the presence of the real estate owner to assign his real estate to the buyer and transfer ownership to him. And another person can legally act on the behalf of the real estate owner when there is an official power of attorney issued by the original real estate owner that gives another person entrusted to him to transfer ownership of his real estate.
Preparing the necessary papers and documents accompanied by the real estate agent
When foreigners buy real estate in Turkey, legal matters and routine procedures to complete the purchase process require the extraction and processing of several papers. Here, the real estate agent prepares and informs the customer of these papers for the foreigner wishing to buy a property in Turkey.
What is the role of the real estate consultant in the real estate purchases process?
Real estate consulting companies operating in Turkey represent the main guarantor for the implementation of safe real estate purchases for foreigners in the country, through which incidents of fraud are prevented, with legal control and government follow-up of buying and selling operations.
The role of the real estate consultant in Turkey is based on providing full services to the foreigner wishing to buy real estate in Turkey, represented by finding the real estate option that suits his desires, and following up on legal matters related to the transfer of ownership to the buyer and obtaining his property legally.
