Purchasing Costs

PURCHASING EXPENSES It can be said that the costs to be incurred when buying a house are quite diverse. The costs paid when buying a house are:

• Realtor Commission

If you are buying a house from a real estate agent, you will also pay a certain commission fee at the end of the transaction. Mostly, this cost corresponds to %3 of the sale price of the house.

• Title Deed Fee

When the property is purchased, an expense called the title deed fee has to be paid. This is %4 of the sale price of the house and is shared between the buyer and the seller. The title deed fee to the buyer's share is %2 of the price of the house. In some cases, the buyer pays the entire price in agreement with the seller.

• Revolving Fund Cost

The state receives revolving funds from real estate sales. This fee is 162 TL.

• Property tax

Property tax is a type of tax that must be paid for real estate owned. When you buy a home, you will be required to pay property tax on your property one year after the date of purchase.

• House Price

The most important of the expenses in buying a house is the money you will give for the house.