BUYER'S GUIDE


Turkish Laws
The Right Property For You
Buying Procedure In Turkey
Taxes and Expenses of Buying a Property
Why Buy With Turkish HouseHunters?


1. TURKISH LAWS

In 2002 the Turkish government gave permission for foreigners to purchase property in Turkey. This opened a large market for professionals and non-professionals to offer their services selling houses. You must be aware of various people and unlicensed businesses which offer to sell you land or homes, these properties may have inflated prices and/or are without adequate legal documentation.

As a professional licensed tax paying estate agency Turkish HouseHunters will guide you through the governmental legalities and procedures needed for you to purchase your property. All the procedures will go through a solicitor and a legal translator to give you peace of mind with no uncertainties. We sell property at the current market price and which only have the correct legal documents in order to carry out a sale.


2. THE RIGHT PROPERTY FOR YOU

Choosing the right property for your needs is very important

Property is purchased as holiday homes, and when not in use rented out.
Property is purchased for investment, with the expectation of an increase in property prices especially if Turkey joins the E.C.
Property is purchased as retirement homes to enjoy the sunny climate and the friendly enviroment.
Turkish HouseHunters will be able to offer you guidance to match a suitable property to your individual needs.
If you are unsure of your chosen property’s value we can offer you our free Valuation Service. 


3. BUYING PROCEDURE (4 point plan)

Before you buy your chosen property or land, Turkish HouseHunters will check its legal documentation of the property or land to ensure it is viable for sale.

You then:

Agree a price
Pay a deposit and sign a sales contract ( 10% deposit normally required)
Obtain military approval on the property (this can take up to 12 weeks)
Pay the outstanding balance on the property either by money transfer and power of attorney OR by attending in person at the Land Registry Office.
Turkish HouseHunters will help and advise you with the above

Expences during the sales procedure are:

Solicitor & Legal translator : £250- £400
Notary (power of Attorney) : £50 approx
Mapping fee to the council : £200 approx

Title Deed expences : 1.5% of the declared property price
* Estate Agency Fee : 3% of property price
* No estate agency fee on selected properties*

After Sales Expences

Annual owners tax (The amount depends on location and type of property)
Annual council tax (The amount depends on location and type of property)
Electric and water connection (only for new properties, approx £350)
Annual maintenance charge (mostly on complexes)
Utility Bills


4. WHY BUY WITH TURKISH HOUSEHUNTERS?

As an independent fully licensed tax paying Estate Agency we are bound by regulations of law thus ensuring we provide accurate information and follow correct legal procedures for the buying and selling of properties. Turkish HouseHunters is a family business owned by a Turkish husband and Welsh wife who live in Altinkum and use their knowledge of the area to the clients advantage. We have an excellent perspective of clients needs and expectations. Our future business and reputation depends on providing excellent customer service, going beyond what is expected of an estate agency.




Ask us anything,
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For further information contact us or visit us in resort.


 
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