Council Purchasing
Tips for foreign applicants
Never sign a contract which you do not understand (when in a foreign language) If so you can get advice from independent solicitors, architects and surveyors before you decide to buy property. They should have an overview of the laws and processes in your chosen country of purchase and also should know specifics contained in the purchase of property in the country. To determine that the property is not a debt or easement before you buy. It is recomended to hire a lawyer to check the facts. For example, when a developer borrows money for construction and building projects to guarantee that your investment is safe. Check with the company from whom you are buying a property that you are aware of all fees charged and associated by the authorities with the purchase of this property. Open an account at a bank in the country so you can easily do operations with money. Non-payment of taxes in some countries may lead to a judicial decision on the confiscation of your property. Fees are not necessarily the same as in your region. Lawyers, tax, insurance and others need to check directly with the country where you want to buy property. In Turkey it is not possible for foreigners to apply for a mortgage on the property. If you plan to purchase property in Turkey you have to provide your own resources. The same applies if the alien already owns a property in Turkey and would like to buy another. Make sure the property is located in the area in which foreigners can buy, otherwise the contract maybe nullified. In almost every country fraud may happen, for example the property is purchased and is already sold to another buyer, or the seller is not the person who owns property. Turkey is not exception in this case. Typically, most foreign buyers in Turkey do not talk fluent Turkish, which may also complicate the trade. Golden Rule in all these matters is to find a trustworthy local real estate agent who will examine all of these legal acts. PURCHASE PROCEDURE Discovery Trip Discovery tour will give you a great opportunity to see and compare the large number of properties on offer, ask the questions that interest you, to ensure reservation for the place of your dreams, real estate deposit composition, discover the beauty of surroundings, the opportunity to spend time at the beach or the golf course and the course is to learn something more about our company. We will provide you with a flight to Antalya, accommodation, pick you up at the airport, help you organize your program and examine the properties that interest you and will answer any of your questions. During your entire stay our team will be available to make your stay as pleasant as possible. To arrange for your tour, contact us at our email address, or phone. Reservation deposit Once you choose which property you would like to buy, you pay a deposit for the reservation to the property you have selected, to avoid it being sold to another candidate. Booking deposit is € 2000. After paying the reservation fee property will be withdrawn from the leads for 14 days. During these 2 weeks contract of sale will be signed together with the installment schedule. Contract of sale Contract of sale is made in English and Turkish languages. This contract contains information on buyers, sellers, the necessary details about payment, payment schedule, construction schedule, etc. When working with a lawyer, he will provide you with the following information. Whether the property is good ‘title’ Whether the seller is the owner Whether the property is free from debt and real property. Whether the construction company has the permission to build Payment Terms Schedule of payments depends on the completion of construction. There is an independent public official who controls the building during each phase of construction and checks whether it meets the standards specified by the Government. You will regularly receive photos confirming each stage of the project. Cadastral Authority and TAPU In most European countries, the transcript of the property makes for a notary, which means that both parties, seller and buyer must be present. The notary is responsible for the proper conduct of the process. It is also responsible for the delivery of all documents for cadastral office. In contrast, in Turkey it is carried directly by a notary but officials at the cadastral office (Land Registry Office). Both parties must be present at negotiations. It is possible to give full powers to another person, but this authorization must be verified with the local notary. On receipt of the request for transfer of property the presence of a notary is not necessary, only when the application is submitted in writing. After the data processing office, you will recive evidence of the ownership which is called “TAPU.” The documents must be accompanied by a photocopy of your passport, details of your parents and 4 passport photographs. In Turkey, the transcript of the property is carried out for cadastral office. It is necessary that the buyer and seller are present in the transcription of the property. With the new law passed in January 2006 transcript can be obtained within one day TAPU. Transfer tax must be payed and you must have insurance in case of earthquakes, then it can be overwritten for a new owner. Taxes and fees Lawyer: In Turkey, it is not necessary to have a lawyer when buying property. Nevertheless, it is recommended Due to any possible problems. The cost of a lawyer is approximately € 900 - € 1500. Notary: If you would like to authorize another person to purchase property, it must be notarized by power of attorney. The official interpreter must be involved in this process. The fee for verifying and interpreting is approximately € 150. Cadastral Authority: The fee for the transfer of ownership is approximately € 100 Transfer tax: transfer tax is 1.5% of the selling price. Insurance against earthquakes: In Turkey, it is necessary to insure your property against earthquakes. The value of insurance depends on size, price, location and materials of the building was built. Insurance costs approximately € 25 - € 50. Real estate agency fee: In Turkey the seller pays real estate agency referral fee, 3% of the selling price. This is the standard commission for all real estate agents in Turkey. If you buy a property directly from us, our company will pay this fee.