Do not fall into the trap of real estate fraud in Turkey
Most of those wishing to obtain Turkish citizenship by buying property in Turkey are exposed to fraud and fraud. They may be offered to buy property in Istanbul, for example, but this property does not meet the price condition of 250 thousand US dollars. Here you should be careful when buying a property in Turkey so as not to fall victim to fraud and scams; Where this problem is one of the most prominent problems that occur during the purchase of a property in Turkey, and it is a deliberate deception to reap the huge money, so the lack of experience and the lack of full knowledge in the Turkish real estate market and the prevailing norms in the buying and selling processes are exploited.
One of the most dangerous methods of fraud is to impersonate the owner of the property or the agent recommended to sell real estate and then falsify documents, and then they can only be discovered by specialists. Do not pay the full price of the property or even the down payment of the property price before making sure that everything is legal and the most important thing is to verify the identity of the person you are dealing with.
When you start the process of buying property in Turkey, you must be aware of all the details that occur during this process, no matter how small, any detail can give you an indication that you are a victim of real estate fraud, God forbid, and through these signs, you can distinguish between the fraudulent person and his suspicious property And between a good person and his presentation, and among these points and signs that you should pay attention to:
- The requested property price is lower than its real price
- Refusal to inspect the property on the ground by the advertiser
- Claim that the property owner is currently abroad
- Urgency in requesting a financial advance, whether it is small or large
- The real estate agent is not officially authorized to work
But there are several ways you can protect yourself from being that victim:
First: To insist on examining and inspecting the real estate on the ground in all its details
Second: Not to pay the material advance before making sure that everything is legal.
Third: Not to sign any contract between you and the seller before inspecting and reviewing the property
Fourth: You must verify the identity of the person you are dealing with officially.
Fifth: You must make sure that the real estate agent is officially authorized to work.
Sixth: It is the most important item: to keep your personal information and not give it to anyone, this information includes (personal documents, bank information, and your financial capabilities).
Seventh: When you search for apartments for sale in Turkey, make sure that they are offered by reliable and well-known real estate companies.
When buying a property in Turkey that is still under construction or as it is called on the scheme, this matter in Turkey or elsewhere can certainly save a lot of money. However, this does not negate that it is risky. Some companies may not have the necessary budget to finish the building, and some companies depend entirely on the amounts paid by the buyers to complete the project. Therefore, you must obtain guarantees from the company supervising the implementation of this project, and guarantee your right as a buyer by including deterrent clauses in the sales contract in the event of delays in delivering the property or the company's failure to comply. The best solution, in this case, is to hire your lawyer, who in turn drafts a contract that explains all the details of the sale process, clearly defining the time of payment due and penalties for any party to the contract who did not comply with the agreed terms in the written contract.
Recently, real estate fraud has become active and has become popular thanks to the use of social networking sites that have helped the real estate fraudster to be more active and carry out many frauds on people looking for a property for sale in Turkey, as it depends on providing real estate offers that match the specifications of the property that the researcher requested to a large extent and at a price that suits his financial capabilities, and this is one of the biggest deceptions in this field as it involves the victim in remote negotiations that saves him the trouble of searching and long distances, due to his ignorance of the rest of the legal matters and procedures in which the process of buying property in Turkey is not valid without verifying its details, and thus the real estate fraud process takes place.
Several important points must be clarified so as not to fall victim to fraud, which is the price of the property compared to its specifications on the ground. Some factors determine the price of the property, for example: if the property is close to the coast, its price differs from a property in the city center, or if it is located near a network of Public transportation and this is what is frequently requested, as it saves a lot of effort and fatigue. Also, if the property is within a residential complex, it will be much more expensive than the property separated from the complexes.
The view of the property plays an important role in giving it its real price. Moreover, the age of the building, its modernity, and the quality of the cladding determine the price of real estate in Turkey. The more recent it is, the more expensive it is because it is less depreciated, and the furnished property is more expensive than the empty apartment.
The type of property is also an essential item when buying a property in Turkey, for example, a property that is suitable for housing and living is never suitable for trade, and commercial property can never be suitable for housing, and if the buyer does not pay attention to this matter, he will face many problems.
It is good to return to a reliable source working in the field of real estate in Turkey to clarify some obscure and ambiguous matters; and of course, in this case, you will find a lot of real estate companies and legal experts who will save you a lot of time that you will lose and a lot of fatigue. You will find your request from the property you want within a few days and in a way that satisfies you and fulfills your conditions from all parties, as the company will have worked to reveal the secrets of this Real estate and the things around it that can cause you big problems.
The Turkish government has imposed a real estate appraisal document on any purchase or sale, as the real estate appraisal is a detailed report on the status of the property to be sold and presents the popular price of the property in the real estate market. This report is issued by licensed companies specializing in valuing real estate in Turkey. You may need a period ranging between 3 days and approximately a week to obtain the real estate appraisal report document after the seller applies to the competent company, and this document is valid for three months from the date of its issuance.
Among the important information contained in the real estate appraisal document:
1- Real estate registry information (Tabu)
2- Information about the property's address and location, and the nearby transportation that serves it
3- Legal real estate information
4- Interior property specifications, for example: (construction, decoration, floor, design, views, and cladding)
5- Real estate problems and negatives
6- Information about the price of similar properties in the market
7- Any additions and other information about this property
8- The approximate price of the property or its real estate appraisal
The most important idea of this assessment is to simplify and facilitate the buying and selling of real estate in Turkey, and the continuity of development in the laws and regulations governing real estate ownership, which contribute to creating more real estate investment opportunities in Turkey and attracting more foreign investors to it.
