PURCHASING EXPENSES
It can be said that the expenses incurred when buying a house are quite diverse. The expenses paid when buying a house are as follows:
- Real Estate Agent Commission
If you are buying a house from a real estate agent, you will pay them a certain commission fee at the end of the transaction. This expense usually corresponds to %3 of the sales price of the house.
When a property is purchased, an expense called the title deed fee must be paid. This is %4 of the house's sales price and is shared between the buyer and seller. The buyer's share of the title deed fee is %2 of the house's price. In some cases, the buyer pays the entire price as agreed upon with the seller.
The state receives a revolving fund expense from real estate sales. This fee is 162 TL.
Property tax is a type of tax that must be paid for real estate owned. When you buy a house, you will be required to pay property tax for your house one year after your purchase date.
The most important expense when buying a house is the money you will pay for it.
