Are there conditions for buying an apartment in Turkey in installments

Do you want to own an apartment in Turkey through which you can enjoy residence and settle in Turkey?

 

But are you suffering from the possibility of having the full amount necessary to buy a property in Turkey?

 

You must have previously searched for ways and solutions to your problem, and during this research you must have come across the concept of apartments for sale in Turkey in installments and wanted to know more about this topic and liked the idea so in our article today we will answer all your questions and One of these questions may be: Are there conditions for buying an apartment in Turkey in installments ??

 

We will answer this question and others immediately. Let's start reading together.

 

We open the article by talking about the conditions that must be met when you want to buy a property in Turkey in the first place, which include both of the following. First, you must obtain a tax number for the buyer that you obtain from the tax department that is concerned with facilitating this type of transaction and then you must open a bank account In one of the Turkish banks that owns joint deals with Middle Eastern banks, it follows that both the seller and the buyer sign the contract in the office of the real estate company that received the purchase matter, or in the presence of a lawyer acting for each of them.

 

After that, the title deed sheet for this property is attached to the initial contract and it is registered in the name of the property owner in Turkey, who must sign in his name or grant a special agency to another person who performs on his behalf in this task. We also need a copy of the project building permit and personal photos of the buyer. Two and a translated and certified copy of a Turkish passport bearing the name of the person who buys a property in Turkey, and in addition to all of the above, we need a copy of the identity card of the original property owner who is selling it.

 

After that, the apartment is registered through a number of procedures that need about thirty or sixty days to complete, and that delay is due to the necessity of passing the documents related to the sale and purchase process within the security departments of the Turkish army to ensure that it is free of any problems or obstacles.

 

 And after the completion of the study of the documents and obtaining the security approval, the work now moves to the Real Estate Ownership Department in Turkey and it is confirmed that the property is properly registered by the state employee and under the supervision of a sworn translator who receives the subject of explaining the terms of the contract with full clarity and transparency.

 

This will be followed by the delivery of the title deed and the key to the new buyer and with the real estate consultant’s certificate after the full payment of the property value has been paid by the buyer and the amount is transferred to the account of the previous owner who is making the sale.

 

And after you became aware of enough how to buy a property in Turkey, we will answer your main question: Are there conditions for buying an apartment in Turkey in installments?

 

Of course, it is added to the aforementioned information and steps for other matters in the event that an apartment is purchased in Turkey in installments, as it is necessary for the buyer, based on the contract that was concluded, to pay the initial payment that is agreed upon in advance by the two parties and that at the specified time without Ro delay, which often does not exceed two weeks after the date of signing the contract between the buyer and the seller, under the supervision of the real estate company in Turkey.

 

And when the full payment of the installments for the property is completed, the buyer must meet with the previous owner as soon as possible in order to deliver him the title deed and the key to the apartment, and if this apartment is in a Turkish residential complex or a building previously and has obtained the security approval from the army There is no waiting period before the delivery of the title deed, as it is delivered directly to the new owner, even if he is a foreigner, if he pays the full installments of the apartment in the event of buying an apartment in Turkey in installments.

 

And when buying an apartment in Turkey in installments, the tapu is obtained after the full amount that achieves the value of the apartment has been paid, which has been agreed upon in the contract signed by both parties, and since the purchase in this case is done in installments, the wiring will take place after paying the last payment. Of the installments, and sometimes it is agreed between the parties to deliver the tapu after paying the initial payment only, but the tabu stipulates that there is a mortgage on the property that is removed after completing the other payments in full.

 

Now that you know the conditions, we will talk about the ways in which you can buy an apartment in Turkey in installments, as there are two types:

 

The first way is to buy an apartment in Turkey in installments and directly from a construction company, as you sign an official contract, both of which are you and the construction company that you have chosen, and the price of the apartment and the period required to pay the installments of the apartment, as well as the amount to be paid in each His payment and the date of payment also and since you have signed the contract, this means that you agree to everything that it contains and you must comply with conditions under legal liability in the event of default or delay in payment or non-compliance with the required amount and at the same time the company will also be obligated to implement the conditions The contract and she must deliver the apartment ready on the date that was agreed upon between you without delay if the property was under construction after when you bought it from this construction company.

 

And the greater the time period that the property needs to be ready and out of the construction phase, the lower its price will be, and thus you can secure a good and satisfactory deal if your patience is long and your search is diligent.

 

The amounts to be paid as a first payment vary according to what the two parties agree upon, and they usually range up to thirty-five percent of the full value of the apartment.

 

As for the second way to buy an apartment in Turkey in installments, it is for you to resort to taking a loan from the bank in order to work on buying an apartment in Turkey in installments.