in Turkey
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, you must then go to our local solicitor where the
sale agreement will be drawn up. When at the solicitor’s office the
solicitor will do all the appropriate checks to ascertain that the
property can actually be sold and that the seller actually owns the
property. In addition to this the solicitor will check if there are any
legal charges on the property, and will also make sure that the
necessary building permissions are in place. At this point the solicitor
will also check through the terms of sale to make sure there are no
unfair terms. Once all the checks have been completed the sale agreement
will be translated from Turkish into English by a legal translator. All
parties at this stage which include the solicitor, legal translator,
buyer and seller 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.
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 the solicitor will apply for the title deed. 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 take up to 3-8 weeks. This procedure is a formality and so
far no application has been refused. After the permission has been
granted from the military, the solicitor will then contact the
authorities to transfer the title deed under your name to which will
also have your picture on it.
Stage 4
We can arrange for a Power of
Attorney 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.
If you require assistance in
furnishing your property then we would be delighted to help you. We work
with many top quality furniture retailers in the area who provide
quality interior furniture to meet every taste. We can take all the
hassle and stress out of furnishing your property, and even have your
home furnished ready for you on your arrival. If you want some basic
shopping such as bread, milk, fruit etc in the refrigerator for your
arrival then we can arrange this also.
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). At this stage in the application the solicitor will apply for the
title deed. 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 take up to 3-8 weeks. This
procedure is a formality and so far no application has been refused.
After the permission has been granted from the military, the solicitor
will then contact the authorities to transfer the title deed under your
name to which will also have your picture on it. At this stage the
deposit, legal fees and our own fees agency fees will need to be paid.
(All deposits are non refundable) Once you have decided on which
property to purchase, you must then go to our local solicitor where the
sale agreement will be drawn up. When at the solicitor’s office the
solicitor will do all the appropriate checks to ascertain that the
property can actually be sold and that the seller actually owns the
property. In addition to this the solicitor will check if there are any
legal charges on the property, and will also make sure that the
necessary building permissions are in place. At this point the solicitor
will also check through the terms of sale to make sure there are no
unfair terms. Once all the checks have been completed the sale agreement
will be translated from Turkish into English by a legal translator. All
parties at this stage which include the solicitor, legal translator,
buyer and seller 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.
Costs Involved
The solicitor's and translator fee : £300.00
Buyers tax : Approximately 1.5% of the sales price Water & electricity
connection fee : Approximately £400.00 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
