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What to Consider When Buying a House

We have explained in detail in our article what you should pay attention to when buying a house. The brief summary of our article is as follows:

Things to Consider When Choosing a House
– Set Your Home Budget Clearly
– Pre-Select All House Options You Can Think of
– Check If There Is A Car In The House You Want To Buy
– Investigate the Home’s Loan Eligibility Requirements
– Compare the Asked Price with the Market Value
– Ask if the Home Has a Mortgage or Foreclosure Record
– If the House is Newly Painted, Pay Attention to Moisture
– Evaluate Transportation Options and Proximity to Social Areas
– Investigate Apartment Layout and Neighborhood Relations
– Evaluate the Conditions of the Rental Agreement, If There is a Tenant in the House to be Purchased

Things to Consider When Applying for a Housing Loan
– Compare Banks’ Credit Options
– Create Your Payment Plan According to Your Own Budget
– Get Details of Received File and Insurance Cost
– Ask For By-Products Like Credit Card, Direct Debit Order

Things to Consider During Deed Procedures
– Go With Your Necessary Documents Ready
– Declare the House on the Price You Have Taken to the Title Deed
– Talk Ahead of Who Will Pay the Title Deed Fee

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What to Consider When Selling a House

We have explained in detail in our step-by-step article what you need to pay attention to when selling a house. The brief summary of our article is as follows:

Before Dealing with the Buyer
– Realistically Determine the Value of Your Home
– Make Sure Your Home Meets the Mortgage Eligibility Requirements
– Remove Mortgage on Your House Except for the Bank
– Post Sales From Multiple Sources
– If You Are Selling Your House Through a Realtor, Read the Agreement Carefully
– Evaluate Buyer’s Terms Instead of Showing Home Immediately
– Clearly State All the Positives and Negatives of Your Home

After Agreeing With The Buyer
– Write and Sign All the Terms You Agreed with
– Notify the Tenant of the Sales Status if There is a Tenant in Your House
– Make Sure Your Home Doesn’t Owe Property Taxes
– Make Sure The House Has A Valid Compulsory Earthquake Insurance
– Notify the Title Deed on the Real Sale Value
– Make Your Value Addition Tax Calculation After Home Sale
– Prefer Secure Money Transfer Ways
– Remove All Postings You Posted After Home Sale
– Apply for Cancellation of Your Subscriptions
– Move Your Residence to Your New Address and Notify the Municipality of the Sale

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Things to Consider When Buying a Home on Credit

1 – Check Your Credit Score
This should be the first step to be taken by those who are considering buying a house using this loan. Because a bad credit score is the most common reason for a housing loan rejection and should be checked before applying for a loan. Having a good credit score means a green light from the bank. For this, it is always important to keep your credit score at a good level by making regular payments.

2 – Calculate the Down Payment You Can Make
After checking your credit score, you should calculate the amount you can give for the down payment. Because banks provide you with 80% of the appraisal value of the house you will buy. The remaining 20% ​​is required by you as a down payment. In such a case, if you do not have enough savings, it means that you have to wait to collect or find a down payment.

3 – Are You Prepared for Emergencies?
You are excitedly thinking about the house you will buy. However, at this stage, you should also consider your budget, which will change with your loan installments. Do you have a financial preparation to step in in an emergency? Considering such risky situations, it will be in your best interest to undertake a loan burden that will not shake your budget and will not put you in a difficult situation.

4 – Choose the House You Will Buy Well
Do not fall in love with every house you see, be careful when buying a house. The passion you feel does not mean that the house is the right choice. It’s helpful to look at as many homes as possible before saying yes. If something seems too good to be true, it needs to be thoroughly checked. “I always dreamed of French windows.” That shouldn’t make you buy a house whose only feature is French windows. Criteria such as the market reliability of the material used in the construction of the house, the region of the house, the current maintenance costs that may occur in the house should be the features you need to check before buying a house. In addition, you need to check whether the house you want to buy is suitable for the loan.

5 – Be in Control
Before buying a residence, you should do a good research about the building and the house. First of all, it is useful to have all the documents related to the house checked by a specialist by asking the seller. Have earthquake tests been done? Any problems with the deed? Do not sign documents without answering these questions. These researches you do without buying the house will prevent many problems that you may experience in the future. (In case you buy the house with a loan, experts will do the research on the title deed on your behalf.)

6 – Compare Loan Interest Rates
It will be useful to take a look at the interest rates of the banks and other expenses for a house you will buy by taking a housing loan. Comparison sites will be a good guide for you in this regard. You can find the most suitable bank for you by comparing the interest rates and total repayments of all banks on Accountkurdu.com. If you choose a bank without comparing, you may think that you have paid low installments, but even if the expenses you pay or your total repayment are high, you may lose because you are not aware of this situation.

7 – If There Is A Tenant In The House You Will Buy
If there is a tenant living in the house you will buy, review the rental contract. If the tenant has committed to evict, compare the date of the eviction commitment with the date of the contract. If you are going to live by yourself when you buy the house, inform the tenant through a notary and ask them to vacate the flat within 2 months. If the tenant will continue to live in the residence, you must make a new contract.

8 – Check Legal Permissions
Check whether the floor servitude, occupancy, that is, the building occupancy permit, has been obtained. If the house you will buy is a family residence, the consent of the spouse must be obtained. If it is not received, it is possible to face the cancellation of the title deed even if the title deed is transferred in the deed cancellation case to be opened in the future.

9 – Make Sure The Home Sale Value Is Displayed Correctly
For deed transactions, you must declare the house at the value you will receive. Since the title deed fee is paid according to the declared sales price, if you declare a low price during the deed transaction, you will pay a lower title deed fee. However, since this issue is closely followed by the Revenue Administration, significant retroactive penalties may be imposed on both the buyer and the seller. You can find detailed information on this subject in our article “Calculation of Land Registry Fee”.

10 – Keep in Contact with the Person You Buy the House from
Keep in touch with the realtor or contractor, whoever you bought the house from, after making the payment. A timely search will keep you up to date on construction progress if you’ve just bought a house from a new project. If your house is under construction, visit construction from time to time. If something is going wrong, share it with other buyers or new neighbors.

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