It is not surprising how often people ask for guidance to fix a poorly-made decision in terms of real estate. Buying a house is a big step, and there are many obstacles on the road. It is important to be aware of them and what you need to do to not regret what you have done. Here are some of the things you can consider before signing any paper for owning a property in order to avoid Turkish property scams.
Invest in time and research, as well
It might sound like an unnecessary warning to say do your research before buying, but there are countless examples of buyers who fell into Turkish property scams because they were too lazy to do their homework. For example, seeing the property by yourself or meeting the seller in person is always a good idea -unless you work with reliable real estate agents who offer the opportunity to buy a home online due to the travel restrictions. These are unusual times that require unusual methods, and online buying is not always a bad idea -but if you can, try to visit the property of your choice. Don’t believe every bargain you encounter. Think twice before you hand your money over.
Watch Out For the Real Estate Adverts Online
Some people in Turkey put adverts online to present themselves as authorized real estate agents. However, those without trading authorization forms on real estate can’t perform such actions. They must show their authorization forms when asked. If you are taking a stroll through property lists online, we recommend you pay a visit to the actual office of the agency and ask to see their trading authorization form, chamber registry, and finance registry. This is a common Turkish property scam among people we call “walking agents” who present themselves as authorized agencies when they’re not.
Be careful against illegally constructed properties
Illegally constructed properties, or in other words, unauthorized buildings result in demolition, which means the money you spent purchasing the property is wasted in a blink. Turkish property scams may trick you into buying an illegally constructed property. Unauthorized buildings are properties that were constructed in areas with a ban on construction or against public health and development plan implementation.
Properties that violate areas for public services such as green areas or parking lots are also considered illegal. According to the law, for all buildings, authorization from the municipality or governorate must be obtained, and if not, these buildings are considered unauthorized. When the construction process is over, one must receive a residential usage license before utilizing the property. Doing so also allows you to benefit from the city services such as electricity or water.
Make sure the property you are planning to buy is an authorized building before purchasing it. Another thing you should consider is whether this property violates public areas. Such properties are quick to be demolished upon authorities’ notice. Additionally, we should warn you about the development plan implementation issues. For instance, there is a rule in some cities that regulates the physical features of the buildings such as the number of stories. While two-story buildings are allowed, three-story buildings are considered violating the law.
Make sure you are familiar with the local development regulations before you sign any paper. Earthquake regulation is another issue you should pay attention to. Some buildings were constructed in line with the earthquake regulation while some weren’t. Properties that don’t comply with earthquake regulations end up being demolished. This is particularly important for your safety, as well. Ensure that you confirm the legal compliance of a building to prevent your investment decisions from failing because of Turkish property scams.
Work with a lawyer/counselor
Everything is written above under the previous headline, a professional lawyer can check and make sure you avoid from Turkish property scams. Legal guidance may seem expensive at first glance, but it is worth every penny. They are the ones who can tell for sure if the property you are about to buy is legitimate or not and all of the paperwork is in order. If there is any amount of money owing on the property, a lawyer or a counselor can warn you. If the property is built illegally, they will let you know.
All of the legal properties in Turkey come with a title deed (or in Turkish, ‘tapu’), a document that states and proves the property owner of the person whose name is on it. Before you say yes to a seller, ask to see the title deed of the property to make sure the seller is the legal owner of it, so that you are not paying the wrong person. This is a common Turkish property scam that you can easily avoid by checking the title deed in the municipality, as well. There is also the occupancy permit of the house that you should check. It demonstrates whether the property in question was constructed legally and complies with the regulations.
Choose a reliable agent
Identifying the real estate agency that you wish to work with is half of completing the whole real estate purchase process. A reliable agency will guide you from the beginning until the very end, making sure that you always make the best decisions and don’t get trapped by Turkish property scams. But most importantly, they will protect you from the real estate scams in the market. Find a reputable agency whose name is heard before, and don’t sign any papers with others no matter how good the opportunity seems. ‘The friend of a friend is not a reliable seller, but leading real estate agencies most often are.