Steps to buy a suitable apartment in Istanbul

Many foreigners desire to buy apartments in Istanbul with ideal and distinctive features that match their preferences and their budgets. The experts at Property Superiors have identified a series of actions that must be taken in order to find a suitable flat in Istanbul in order to accomplish this goal, and these actions are:

1. Find the most reputable real estate firms in Turkey

By using the Google search engine. Look for firms that specialise in real estate and legal consulting, have online presences like Facebook and Twitter pages, and have received positive reviews from past clients. They must also have physical offices in Turkey, not just engage in online business.

2. Speak with the real estate consultant

After deciding on a real estate firm with extensive knowledge of the Turkish real estate market, speak with the real estate consultant and ask him for advice on the realities of the market, laws, costs, and other issues that are important to you.

3. Choose the real estate area and type

If you are familiar with Istanbul's neighbourhoods and areas, ask the consultant to help you find a property there. Ask him to describe the area's amenities, surroundings, and general reality. Also, specify the type of apartment you want: "a regular apartment, duplex, triplex, home office, loft, penthouse, villa." They are all considered "residential apartments," and as such, the number of rooms and the size must be specified.

4. Receive the best offers

Following your selection of options, the real estate consultant will give you an overview of the Turkish real estate market's realities, as well as information on relevant laws, real estate taxes, and the overall costs associated with buying a property.

5-Reserving the apartment

After deciding to purchase an apartment in Istanbul, you must take the initiative to reserve the apartment in collaboration with the real estate consultant. The reservation fee is typically 1%, and it must be done so after viewing the apartment's pictures, videos, and plans and reviewing the price bulletin. The customer transfers $1000 even though the flat costs $100,000, for instance. The goal of the reservation is not to sell the flat during the specified period and to fix its price without increasing, keeping in mind that it is refundable in the event that the customer does not like it on the ground. Instead, it is to hold it for a period of one or two weeks until he can visit and see it.

6- Arriving in Türkiye

On the day of the client's initial trip to Turkey, coordination is made between the client and the real estate firm to make arrangements for his welcome at the airport and transportation to the hotel that was previously reserved.

7- Conducting the real estate tour

On the second day of the client's arrival in Turkey, or on the same day after the client has rested in the hotel for a few hours, the real estate company's car goes to the hotel and accompanies the client to the flat that was previously reserved so they can see it in person.

8- Signing purchase contracts

The construction company completes two copies of the flat purchase contract, which is typically written in both Turkish and English. The customer then reviews the contract. If he does not speak both of these languages, he can ask for a translation into his native tongue or hire a translator to translate the contract's terms for him. The client is then given an explanation of the contract's terms by the real estate company's sales representative, who also informs him of his rights. What he needs to understand is that the contract contains the most accurate information about the property, including the location, floor number, real estate number, area, number of rooms, view, equipment that will be delivered with the flat, delivery date, etc. The customer signs his copy of the contract, the construction company signs its copy, and the contracts must be attested by a Turkish Notary to be considered legally binding.

9- Transferring the value of the property

Whether the transfer is the full value of the property (in cash) or a down payment if the property is bought in installments, the value of the property must be transferred in Turkish lira or the foreign currency must be sold to the Central Bank of Turkey through an intermediary bank and exchanged for Turkish currency before being transferred to the customer's account.

10-Transfer of real estate ownership

After the bank notices and the payment for the property are received, the seller and buyer, or their representative acting under a formal power of attorney, schedule an appointment and proceed to the Land Registry and Land Survey Directorate to complete the real estate ownership transfer transaction. There, they obtain either an easement title deed (if the property is still being built) or a deed. (If the property is prepared) finished.

What is novel is that the definition of "a suitable apartment in Istanbul" depends on the individual's preferences and needs. There are countless suitable apartments in Istanbul, but the client is ultimately responsible for making that decision. There are people who want to get an apartment in the city centres, and there are people who see the apartment as suitable in terms of the sea view or the forest view. In terms of quality and quantity of social, security, and recreational services, an apartment is appropriate. Here, the real estate consultant's job is to steer clients towards offers that offer multiple benefits in terms of view, location, and services, with the client making the final decision.