A mortgaged house is a house that has been mortgaged by a bank or financial institution. A mortgage is the process of pledging a piece of real estate (usually a house or land) as collateral for a debt. A mortgage means that if the debt is not paid, the bank or credit institution has the right to sell the property after a certain period of time in order to collect the debt.

Read more: Sales Process of a Mortgaged House

It is essential that you consider some critical points when purchasing real estate, especially for properties that are still under construction. Here are the main points you should focus on in title deed transactions:

Read more: What are the Points to Consider in Land Registry Procedures?

Real estate investment is a form of investment that many people prefer and has the potential to provide stable returns in the long term. Different types of real estate, such as houses, shops or land, can be evaluated. The attractiveness of real estate investments usually stems from the constant increase in value and the fact that it is a physical asset. However, these investments also have their own risks and there are some criteria to be considered to minimize these risks.

Read more: Things to Consider in Real Estate Investment

The real estate sector in Turkey has an important place in the economic structure and meets the basic needs of many individuals or organizations such as investment, housing or workplace acquisition. However, transactions in this sector involve certain legal processes and subtleties. The correct and complete operation of these processes prevents disputes between buyers and sellers, protects the value of the investment and minimizes legal risks.

Read more: What are the Legal Processes in the Real Estate Sector?

A real estate valuation report indicates the current market value of a property. The report includes the exact location of the property, coordinate information and a mapped representation. Photographs taken from the interior and exterior of the property, technical status and debt information should not be missing in the report. The report must present the pros and cons of the property in an unbiased manner and is considered valid for three months.

Read more: What is a Real Estate Valuation Report?