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Property Type
Min. Bedroom
Resort
New / Re-Sale
Price
Ref. no
 
 

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The Buying Process

When you decide to buy your new home in Turkey it will be a very exciting time for you. The chances are you will have never bought a home abroad before so you will be unaware of the process involved. The information in the following text is purely to give you an easy understanding of the process of buying, and to inform you of the obligations you will or may have. If you have any questions to which are not covered in this text then please do not hesitate to contact us and we will be delighted to answer any queries you have. Rest assured we will be with you every step of the way to make the purchase of your new home in Turkey as problem free as possible!  

 Stage 1

Once you have decided on which property to purchase, a sales agreement will be drawn up.  We will ensure  that all  the appropriate checks to ascertain that the property can actually be sold etc will be carried out.  In addition to this we will also check for  legal charges on the property, and will also make sure that the necessary building permissions are in place. Once all the checks have been completed the sales agreement is ready for signing, if completing it with our solictor then the agreement is drawn up in Turkish and english so you have no need for a translator.  All parties at this stage will sign the sale agreements, and each party will get the sale agreement in Turkish and in English, and this will also be given to our office for our records and safekeeping. You will need to notify us at this point if you wish your contract to be norarised.

 Stage 2

At this stage the deposit, legal fees and our own fees agency fees will need to be paid. (All deposits are non refundable.

Stage 3

At this stage in the application we  will apply for the title deeds. The title deed authorities will as standard, inform the Aegean Military Commandership in order for them to carry out standard military checks, please note that this can takeup to 4 - 6 months.  This procedure is a formality and so far no application has been refused. After the permission has been granted from the military, we will then contact the authorities to transfer the title deed under your name.  

Stage 4

We can arrange for a Power of Attorney here in Turkey for you in order to sign for the release of your title deeds from the title deeds office should you be away from Turkey at this time. We can take you to the notary office to have this done. Once the transfer of title deeds has been completed, and the balance outstanding has been settled, we will make arrangements to pay the buyers tax, earthquake insurance and the water and electricity connection fees. We will inform you of all payments that need to be made at this time (as reflected on your payment plan).

Costs Involved

The solicitor's and translator fee
: £300.00
Buyers tax
: 1.5% of the sales  price      
Water & electricity connection fee
: Approximately £450.00
Company fee (0% own developments)
: 3% of total property price
Notary charges
: approximately £80.00
Earthquake Insurance (required by law)
: Depends on property price and location
Property Tax
: Depends on property price and location

 

Villas for sale in Altinkum

By Kavunici