Legal aid in real estate purchases in Turkey.
In the process of purchasing the real estate in Turkey, the services of a lawyer are important because there are many aspects must be taken into account, including the ownership of the real estate, the legal purity of the property, the type of property, verification, preparation and obtaining of the necessary documents. In order not to miss a single question, it is worth hiring real estate lawyers.
What are the first steps when an object has been chosen?
As mentioned earlier, check the cleanliness of the object, otherwise the conclusion of the transaction may be delayed or go through in violation of the law. A real estate lawyer will do for you a full check of the real estate object according to all state registers and documents for the legality of the sale, mortgages, court arrests, debt for utility payments, encumbrances, bails, fines. Real estate analysis also includes monitoring the rights to property of third parties, rights in rem, etc.
Which risks could be in the process of buying property from a developer or in investments in construction?
When buying real estate or investing in real estate during the construction phase, it is important to check the developer and his rights and building permission. Thus, a lawyer, while providing legal support for the purchase of real estate in Turkey, checks whether the property has been registered with the Title Deed Office and whether the property has passed the certification process. Also, when buying property in construction, it is important to see if the developer has an official permit for work and construction.
Can foreigners buy property in Turkey?
Yes, they can. Real estate can be bought by foreign citizens, foreign legal entities, as well as Turkish companies with foreign capital. Foreign citizens can buy any type of real estate, also a foreigner can apply for citizenship when buying real estate in the amount of $250,000 or more at cadastral value. When registering a transaction, a foreigner will need a tax number, passport, and an independent expert’s assessment. Real estate lawyers of our company can help you, both with the purchase of real estate, obtaining the necessary documents, and with the preparation of documents for the acquisition of citizenship.
What are the payment options for real estate purchase?
The legislation provides for such payment methods:
under the contract of purchase and sale of a property,
payment to a bank account,
cash transfer,
transfer to the buyer from a foreign bank account.
The main thing is to check and receive the correct payment documents, as well as indicate the purpose of the payment.
How is contract of sale and purchase for a property is concluded?
The main sales contract can be bilateral or trilateral (seller and buyer and real estate agency). Experienced real estate lawyers will help in drafting the Agreement, who will be able to take into account all legal requirements.
Is it necessary for the buyer to be personally present at the transaction?
No, it is not necessary. You can issue a power of attorney to our lawyer, according to which he will act in your interests, deal with the issues of obtaining the necessary documents and buying real estate.