{"id":21475,"date":"2023-06-22T12:01:08","date_gmt":"2023-06-22T12:01:08","guid":{"rendered":"https:\/\/first-istanbul.com\/?p=21475"},"modified":"2023-07-24T07:58:11","modified_gmt":"2023-07-24T07:58:11","slug":"do-not-own-a-property-in-turkey-before-verifying-these-matters","status":"publish","type":"post","link":"https:\/\/first-istanbul.com\/blog\/real-estate-news\/do-not-own-a-property-in-turkey-before-verifying-these-matters\/","title":{"rendered":"Do not own a property in Turkey before verifying these matters!"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Real estate in Turkey attracts many people for the purpose of residence, investment, or obtaining Turkish citizenship, thanks to the advantages provided by the real estate market and government facilitations, including exemptions and tax reductions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, investors must realize that they do not buy property every day, and an unsuitable property may result in significant financial loss. Therefore, they should be cautious about the following points:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Seek the assistance of a real estate advisor: Do not own a property in Turkey alone but seek the help of a trusted and experienced real estate advisor with a good reputation in the Turkish real estate market.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Construction company&#8217;s track record: Check the previous works of the construction company, the quality of their finishes, adherence to delivery schedules, and evaluate feedback from previous clients.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property tour: Do not own a property before conducting an on-site or virtual property tour (in case you cannot travel to Turkey due to circumstances).\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property location: It is necessary to visit the property&#8217;s location and observe its surroundings to assess its proximity to hospitals, schools, universities, and shopping centers.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set objectives: Do not own a property in Turkey before setting a goal and informing your real estate advisor. If you intend to buy for residence, there are different criteria to consider compared to real estate investment options or purchasing for the purpose of obtaining Turkish citizenship.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Read the contract: Read the purchase contract in detail, inquire about all terms, and seek the assistance of a translator or request translation of the contract into the desired language.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property taxes: Do not own a property before understanding the fees, property taxes, and all other costs involved.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Legal safety: You should be aware of the legal safety of the property in terms of building permits and property title deeds (Tabu Eskan Tam). Beware of any encumbrances or issues that may prevent the transfer of property ownership to your name.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Delivery date: Do not own a property before knowing its expected delivery date if it is under construction.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property plans: You should review the property plans, including dimensions, areas, and virtual images.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payment method: Do not own a property without agreeing on the payment method (cash or installment), determining the payment schedule, methods, duration, and the value of the initial payment.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property valuation report: It is essential to obtain a property valuation report that determines the market value of the property. Do not solely rely on the amount requested by the seller.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Turkish citizenship requirements: Ensure that the property meets the requirements if your reason for purchasing is to obtain Turkish citizenship. The price should not be less than $400,000.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">First Istanbul provides free real estate consultations through its experienced team and helps you choose the property that suits your preferences and achieves your goal. Feel free to contact us at any time.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate in Turkey attracts many people for the purpose of residence, investment, or obtaining Turkish citizenship, thanks to the advantages provided by the real estate market and government facilitations, including exemptions and tax reductions.\u00a0 However, investors must realize that they do not buy property every day, and an unsuitable property may result in significant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[177,178,174],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/posts\/21475"}],"collection":[{"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/comments?post=21475"}],"version-history":[{"count":1,"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/posts\/21475\/revisions"}],"predecessor-version":[{"id":21476,"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/posts\/21475\/revisions\/21476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/media\/21622"}],"wp:attachment":[{"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/media?parent=21475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/categories?post=21475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/first-istanbul.com\/wp-json\/wp\/v2\/tags?post=21475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}