How can you sell Turkish property easily?
To buy and sell Turkish property is very easy. You will not have a problem with the procedure. However, we strongly recommend that you do this under the guidance of a real estate agent. Because, although the procedures are easy, you will definitely need the support of a professional to obtain the documents and ensure that the sales process runs smoothly. In this article we have prepared a comprehensive guide to help you.
Things to be done before transfer of title deeds:
- Identify who will pay the title deed and property tax (buyer or seller)
- Real estate commission, title deed, file and insurance costs should be added
- Clarify how the payment will be made
- Compulsory Earthquake Insurance must be made or validity checked
- The value of the property should be determined and the property tax payment should be made from the municipality where the house is connected.
- The land owner or his / her representative must apply to the land registry office with the required documents.
- Fees must be paid according to the appointment information received as SMS
Things to be done on the day of the deed transfer:
- All buyers, sellers, or their agents must be ready together with their identity documents at the time of appointment at deed office.
- Two witnesses should be brought for buyers and sellers who are illiterate.
- Mortgage receipts paid must be submitted
- Sales papers in the contracting room must be signed by all buyers and sellers
- If credit is used, credit opening documents must be signed at the bank.
- Foreigners who do not speak Turkish should perform these procedures in the presence of a sworn translator.
Things to be done after process complete:
- For invoice handling, go to relevant institutions
- Migration procedures should be done by going to the Directorate of population
- Real estate tax declaration must be submitted to the relevant municipality
Documents required for the sale of property in Turkey
To sell Turkish property easily, you must complete the required documents by the day of the transaction. If there are missing documents on the transaction day, title deed transfer is not performed.
The requested documents for transactions from the buyer:
- 2 photos
- Original copy of identity card and 1 photocopy
- If the real estate agent makes the deed process on behalf of the real estate agent issued power of attorney
The requested documents for transactions from the buyer:
- Original and photocopy of the deed to be sold
- 1 photo of the seller
- Original passport and 1 copy
- There is no tax liability from the municipality
- Valuation report
- Real estate agent is engaged in the process of real estate agent regulated in the name of power of attorney
If you submit the documents listed above in full, the title transfer takes place within a few minutes. Do not sign any document without taking your money. Otherwise, you are deemed to have taken action.
Property sales fees in Turkey
Although the deed transfer fee paid by the buyer in Turkey generally, in some cases, it can be paid half. This depends entirely on your agreement. Before you sell Turkish property, you should clarify this. The deed declared by the relevant municipality fee not to be less than the declared value of the property, the seller and the buyer for the sale on the declared value separately for the land registry fee is being charged at a rate of 20 per thousand. Revolving Funds are charged according to the tariff determined by the company every year. Briefly; determined by the value of the property sold. The higher the price, the more deed costs.
