DECIDED TO BUY PROPERTY, WHAT TO DO
Once a property has been chosen, You must carry out the searches on the Title Deeds and ensure that it's clear of debts and that the seller is actually the person detailed on the Title Deed.
Thereafter a deposit (usually 10% - 20% of the asking price but sometimes as much as 75% for new build properties) is placed in a bank account in Turkey (by electronic transfer) and paid to the seller on your behalf.
There is then a wait of 3 - 6 months for the paperwork to be cleared by the officials & army departments in Izmir, Ankara, Mugla. As soon as the Title Deeds Office receives clearance from the army department confirming that the property in question is not within an military area, the remaining balance plus any additional costs are transferred to the same bank account and the Title Deeds can be exchanged.
Unlike the UK, it is not necessary to use a solicitor to conduct the conveyancing for you. The Title Deeds formalities can all be carried out in your absence, by leaving a Power of Attorney with your solicitor.
Should you decide to use solicitor, you need to go to notary to arrange this Power of Attorney (there is an official translator within the notary's office to ensure that you understand the Power of Attorney),-open a bank account in your name and take the necessary photos required for the paper work.
ALL SOUNDS GOOD BUT IS IT ALL THAT SIMPLE ?
Well, The question is, how will you know wether or not a planning permission has passed on the plot of land next to your Villa which may well block your beautiful view that you have fallen in love with ? How will you know that ? Now thats the Question one needs to ask to avoid similar problems, which happens alot.
READ FIRSTWHAT NEXT WHAT HAPPENS PROPERTY ISSUES
INFORMATIONDentist Currency Cons and Crimes Is it Safe for Women Gay and Lesbians Turkish Toilet Transportation Toddler and Baby Taking Your Mobile Where To Holiday Holiday Village or Hotel Weather in Winter Facts of Turkey
CULTUREReligion Art Classes Evil Eye Raki Turkish Man
|Antalya | Dalyan | Datca | Fethiye | Gocek | Koycegiz | Marmaris | Sarigerme | Ekincik|
if you believe there is any incorrect information on any of the pages on this site please contact us to rectify,thisisturkey.NET is online since 2004-2024 subject to Copyright, Terms and Conditions Apply