{"id":90943,"date":"2022-01-05T14:26:17","date_gmt":"2022-01-05T11:26:17","guid":{"rendered":"https:\/\/emlakey.com\/?p=90943"},"modified":"2022-01-05T14:26:17","modified_gmt":"2022-01-05T11:26:17","slug":"what-are-the-processes-waiting-for-you-when-buying-a-house","status":"publish","type":"post","link":"https:\/\/emlakey.com\/en\/what-are-the-processes-waiting-for-you-when-buying-a-house\/","title":{"rendered":"What are the Processes Waiting for You When Buying a House?"},"content":{"rendered":"<h2>What are the Processes Waiting for You When Buying a House?<\/h2>\n<p>It is necessary to proceed with the whole process in accordance with the legislation in the purchase of the house. Infractions can be a problem for future buyers and sellers. For this reason, it is necessary to comply with the legislation in the transactions that you will conduct in both the municipality and the land registry office.<\/p>\n<p>When buying a home, additional expenses such as title deed fees and the capital cost of the title deed must be paid. Apart from these, retroactive tax debts may also arise on the home. In such cases, debts should also be paid retroactively in order to avoid any disruptions in the process of debenture conversion.<\/p>\n<h2>There are two processes that await buyers when buying a House:<\/h2>\n<ul>\n<li>Procedures in the municipality<\/li>\n<li>Land transactions<\/li>\n<\/ul>\n<p>How is the title deed transferred? You can get detailed information about Sanad transactions by reading the article entitled.<\/p>\n<h2>Transactions in the municipality while buying a House<\/h2>\n<p>The first thing to do when buying a home should be to apply to the municipality to which the property belongs and find out its current value. The market value is the lowest price per square meter determined by the municipalities according to the analyzes carried out on the neighborhood in which the property is located. Setting a price lower than the minimum for a home to be purchased exposes a type of irregularity.<\/p>\n<p>The current price is the price that all official institutions adopt after buying the house as a basis. The current market price stated also determines the property tax payment.<\/p>\n<h2>Low selling price may result in fines<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/sm.shbdn.com\/assets\/estate360\/common\/x_565_424_ev-alirken-dusuk-satis-bedeli-odemek-ceza-sebebidir.jpg\" alt=\"Ev Al\u0131rken Sizi Bekleyen S\u00fcre\u00e7ler Neler?\" title=\"\"><\/p>\n<p>In home purchase transactions, both the seller and the buyer pay a certain amount of title deed fees. This title deed fee is calculated on the current market value or sale price.<\/p>\n<p>Although the price of a home is high, no legal action is seen to show a lower sale price in order to pay a lower title deed fee than it should. While the fees are set at the Land Registry Office, the current price or sale price, whichever is higher, is determined. The selling price cannot be lower than the current market price. Therefore, if it is displayed as low, the selling price will be taken as being equal to the current price.<\/p>\n<p>The Ministry of Finance examines such cases in detail in order to prevent possible tax evasion. If such irregularities are detected, both the seller and the buyer are fined.<\/p>\n<p>Another problem is caused by offering a lower sales price to pay lower title deed fees. If the home is sold within five years after purchase, it is subject to property value increase tax. This results in the payment of tax on the sales price.<\/p>\n<p>For example, if a buyer who bought a house whose current value was 250,000 TL in official documents in 2017, in fact, for 350,000 TL, sold the same house for 450,000 TL in 2019, he will have to pay the value of the property. tax increase.<\/p>\n<p>Since the sale price is lower while buying the home, the seller pays title deed fees and the property tax is low; But the buyer has no profit. When the buyer decides to sell their home later, they will pay high title deed fees and property value tax, and there will be a possibility of penalty as a result of retrospective checks.<\/p>\n<h2>Compulsory insurance when buying a home<\/h2>\n<p>If you intend to buy a home with a home loan, you should have some mandatory insurance. these; Housing insurance, compulsory earthquake insurance and life insurance. The types and number of insurances required may differ from one bank to another.<\/p>\n<p>If you don&#8217;t intend to take out a loan when buying a home, the only compulsory insurance you need to get is compulsory earthquake insurance, also known as DASK.<\/p>\n<h2>What to do if the purchased apartment is mortgaged?<\/h2>\n<p>When the mortgaged apartment is purchased, the home debt is formally borne. Mortgages on the home may arise from institutions or individuals. In such cases, the choice is entirely up to the buyer. If the house is not known to be mortgaged, it is possible to file a counterclaim, but it is not possible to be sure that the case will be positive. For this reason, it is necessary to check whether there is a mortgage on the house to be purchased. If there is a mortgage on the house, this will be revealed with good research at the time of purchase.<\/p>\n<p>In addition, in the case of buying a house with a mortgage, the bank already mortgages the house. This mortgage lasts until the loan runs out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What are the Processes Waiting for You When Buying a House? It is necessary to proceed with the whole process in accordance with the legislation in the purchase of the house. Infractions can be a problem for future buyers and sellers. For this reason, it is necessary to comply with the legislation in the transactions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":89592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[537],"tags":[],"class_list":["post-90943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turkey-property-buying-guide"],"_links":{"self":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts\/90943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/comments?post=90943"}],"version-history":[{"count":0,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts\/90943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/media\/89592"}],"wp:attachment":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/media?parent=90943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/categories?post=90943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/tags?post=90943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}