Türkiye real estate buying agency
Many people resort to the work of a Turkish real estate buying agency, as it is the only legal means, not only in Turkey but in all countries of the world, that allows the purchase process to be carried out without the presence of either party.
Many people resort to the work of the Turkey Property Purchase Agency as the only legal means not only in Turkey but in all countries of the world, which allows the purchase to be made without the presence of one of the parties "seller or buyer".
More details on this topic will be provided to you by Skyline Real Estate, where it will explain to you the meaning of the power of attorney, what are the types of agencies in Turkey and the conditions required for their work, in addition to mentioning the steps of their work in a correct way, but finally we will show you the advantages of buying a property in Turkey and the procedures for the purchase process.
We hope you a good follow-up.
Turkey Property Buying Agency, What Does It Mean?
The power of attorney is a legal document granted by a person called (the principal) to another person called (the agent) that allows him to dispose of what he owns, and the agent can have broad or limited powers through which he makes decisions and carries out legal actions in relation to property, or financial resources.
The power of attorney is usually resorted to in cases of illness or disability, or if the client does not wish to attend, sign, and conduct financial transactions for reasons of his own, such as traveling.
It is worth noting that sometimes with regard to the process of buying and selling Turkish real estate, a power of attorney is resorted to a real estate company in order to manage the transfer of real estate ownership through the tax administration, public utility companies and the Housing Directorate in Turkey.
What are the types of agencies in Turkey?
The types of Turkey real estate buying agency vary according to the size and duration of the validity granted to the agent, as follows:
Public Agency
It is a document that gives the agent all the powers that the client has, such as: signing documents, paying bills, conducting financial transactions... Etcetera.
It is best to grant this power of attorney only to a lawyer or a highly trusted person due to the wide authority granted by the public agency, which calls for caution.
Agency Limited
A limited power of attorney gives the agent the authority to act on behalf of the principal to conduct a specific transaction only, for example, the specific agency may be granted to sign a title deed of a property in the name of the person concerned, and with the expiration of this procedure, the power of attorney expires.
Permanent Official Power of Attorney
It is somewhat similar to a public agency, except that it is a power of attorney for a year, for example, or limited in scope, and the power of attorney remains valid until it is canceled through notarization procedures.
This agency also gives broad authority to the agent so it is best to avoid it except when necessary.
Conditional Official Power of Attorney
It is similar to an official power of attorney except that it is conditional on the occurrence of a disability, as it becomes effective only when a certain disability occurs for which a certain criterion is clearly set in the power of attorney document.
These were the types of Turkey property buying agency that it is very important to think carefully before deciding to use one of them and choose the right and reliable person to hire him, and most importantly also choose your lawyer accurately because according to the provisions contained in the work power of attorney, he has a great deal of powers.
What are the conditions of work of agencies in Turkey?
The work of an agency of any kind requires you to prepare a set of documents and documents and meet a set of conditions, namely:
- Be over the age of 18.
- You must be in possession of an original passport valid for not less than 3 months.
- Provide a copy of the passport translated into Turkish through a sworn translator and certified by the Turkish Notre Department.
- Bring two personal photos with a recent white background that are not more than 6 months old, preferably in PDF format.
- A tax number from the Turkish Tax Department, which is issued based on the residence number in Turkey.
What are the steps of a Turkey Property Buying Agency?
Legal procedures in Turkey of all kinds are fairly easy and not complicated, and in a transaction such as making a power of attorney for someone, you will be required to follow these steps:
Power of attorney from inside Turkey
- Go to the Turkish Notre office, without the need to take a prior appointment.
- The official organizes the agency and then asks for an interpreter if you do not speak Turkish.
- Signature by both parties (agent and principal).
- Pay the documentation fees with the Turkish notary accountant and receive the receipts.
With these simple steps, the power of attorney becomes valid from that moment, and it is recognized as a legal document certified by an official executive authority in Turkey "Notre Department".
Power of attorney from outside Turkey
If you are outside Turkey, you can either go to the Turkish consulate in the country where you reside after booking an appointment with him online and carry out the required procedures so that the agency will be sent to the agent in Turkey by mail.
If you reside among the countries that have an "apostille agreement" with Turkey with Turkey, you can go to the "Turkish Notary" department in your country to request the issuance of the agency, after which the agency will be directed to the competent authority, the local representative or the municipality to work within the said agreement.
This ends with our talk about the Turkey property buying agency, let's now move on to mention the reasons that will encourage you to own a property in Turkey.
What are the benefits of buying property in Turkey?
Whether you buy a property in Turkey yourself or through the power of attorney of a person or company, you should know that this process will open the door for you to enjoy many advantages, the most important of which are:
- Obtaining real estate residence in Turkey if the value of the property you bought is $ 200,000.
- The right to obtain Turkish citizenship, and thus obtain a Turkish passport that allows you to travel to many countries of the world without a visa.
- Benefit from the privileges and rights of full citizenship.
- Turkey's real estate is characterized by its quality, strength, and modernity of infrastructure.
- Real estate prices in Turkey are low and acceptable compared to their counterparts in Europe.
- The great return on investment that you will gain from the possibility of renting or selling your property is almost guaranteed as a result of the continuous rise in Turkish real estate prices.
- The right to educate your children in Turkish private and public schools and universities.
- Turkey's environment is a conservative environment very close to the Arab environment, so it is suitable for residence and stability.
How to buy a property in Turkey?
After the work of the Turkey Property Purchase Agency, the agent can complete the process of buying the property and transferring ownership in one day by following the following steps:
- Extracting the tax number from the Tax Department, which you can extract within minutes.
- Bring the passport translated and certified by the notary public.
- Bring a real estate appraisal report that shows the real value of the property.
- Go to the Real Estate Registration Directorate to be assigned by the seller of the property to the new owner.
- Pay the taxes imposed on the dissidents.
After that, the agent acting on behalf of the new owner is granted a title deed for the new property, which shows all the property information.
Thus, the Skyline Real Estate article on the subject of the Turkey Property Purchase Agency ends, through which we mentioned the meaning of a person delegating another person to buy a property, and we enumerated the types of agencies and how their procedures are done, in addition to mentioning the advantages of owning a property in Turkey.