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Buying real estate abroad. Useful tips

  • December 31, 2018

To date, buying a house in Turkey for many of our compatriots is no longer a pipe dream. However, this procedure is invariably related to a large number of nuances. To avoid various troubles that may occur during the design, it is recommended to get acquainted with some useful recommendations.

Recommendations to customers

Carefully read the conditions for the acquisition of real estate for foreigners for a particular state. In addition, you need to find out the forms available there. This will determine the most optimal option.

Find a good real estate agency. Its experts will not only help to choose a suitable apartment or house, but also provide qualified legal assistance. There is also an opportunity to use the services of intermediaries in your country. When choosing an agency, it is recommended to give preference to firms with excellent reputation and great experience. Excessive savings in this matter and cooperation with unverified one-day firms can turn into serious troubles.

Having selected the right option, specify on what conditions the sale is carried out: in the property or on the rights of a long lease.

Find out whether other persons will take part in signing the contract besides the seller and the buyer. Keep in mind that it may be possible to refuse a transaction without losing a deposit.

Carefully check that the value of the purchased real estate is indicated in the text of the agreement. In addition, the document must indicate the deadlines for the exercise of the obligations of each of the parties.

Prepare all the required documentation. It is important that at the time of conclusion of the transaction there is an relevant period of the passport, as well as the identification code.

Before the transaction concluding, specify what additional costs are planned. For example, all kinds of taxes, fees, the cost of the service of the mediator, etc. can be added to the total amount. Often, these costs reach 16% of the total value of real estate.

Get a permit for the acquisition of real estate abroad at the bank of your own country. Without this, it will not be possible to transfer funds to another state. Such transactions are subject to mandatory licensing.

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