TURKISH RESALES.COM

Guide to your Purchasing

Having selected your ideal property, you will want to be absolutely certain of the legalities of the process and particularly your rights in a foreign country. This is where Turkishresales.com will ensure impartial and expert assistance is given in guiding you through every step.

Prior to your purchase Turkishresales.com will explain to you in detail all the relevant fees and taxes payable on a Turkish property, the combined total of all these amounts will be approximately 10% of the declared purchase price. We can recommend a legal advisor, registered with the British Consulate and will ensure that all the paper work is followed correctly and that you understand fully all the contractual obligations involved. The lawyer will conduct a full search for you protection.

Buying Process

Stage 1

The solicitor will draw up a contract with the buyer(s) detailing the agreed terms and conditions of the purchase.

Stage 2

The solicitor will take a copy of the buyer’s passport and a copy of the title deed and submit them at the zoning department and the land registry office for military clearance and all the related government departments (such as Ministry of Public Works and the Ministry of Reconstruction and Settlement, Ministry of Agriculture, Ministry of Forestry and Environment according to the new real estate law).

Stage 3

These documents are passed to the local government that the property has no outstanding debts and was planned and built legally according to the building regulations enforced by the local government to which the property is registered. These documents are submitted at the Land Registry Office prior to the title deed transfer.

Stage 4

Once the application has been approved by the Land Registry Office (it will take 2-3 months for the security and property location checks to be made and approved), then it is at this point that the deed transfers takes place following the payment of the real estate purchase and sale tax (stamp duty). A translation of the buyer(s) passport must be made and signed at the public notary. The buyer(s) will pay the real estate purchase and sale tax, which is 3% of the property declared value determined by the local government

Stage 5

Person holding the POA receives a copy of the new title deed.

Extra costing for your consideration:

• Solicitor fees
• Legal translator
• Notary expenses (for power of attorney)
• Electric and Water connection fees
• Buyers tax --- 3% of property value
• Estate Agents Fees --- 3% of Property value