A villa in the south? Wonderful, but before:
A real-estate purchase abroad is an important
Holiday mood may lead you to decisions that you may
regret in the aftermath.
So, if you think of a real-estate
purchase in Turkey, please consider:
Basically contracts with regard to real-estate sales
are valid only by notarial conclusion. Here it applies to consider that
notaries in Turkey have no strict consultation duty. A notarial contract can
be still illegal and therefore be contested later.
Confer if possible with an experienced lawyer,
check if the agent is a member of the chamber of real estate agents.(Emlak
odasi) Since the beginning of 2005 the Turkish laws say, that the real estate
offices have to have a certificate (Emlak Danışmanlığı sertifikasi - should be
hanging in the office). Without this the agent is not legal to sell
properties. If for example a carpet seller, a hairdresser a waiter or any
other private person shows you a property (mostly they put 10% or more on top
of the price for themselves) you should take for your own confidence always a
real estate agent beside you. Don't think about the commission that you only
have to pay in case you buy a property, it is little compared to what
you can loose.
Personal contracts, also before witnesses, in general
do not hold to a later court procedure.
Verbal or written assents, in particular with regard to
the use of a property as a later building land, are to be treated with the
biggest care. Find out at the authorities (city administration or local
government), insist on inspecting of the current development plan or the
topical land-use plan.
Trust is good, but certainty calms down enormously.
With the real-estate purchase by foreigners permission
is to be obtained in some areas which can last sometimes very long. Without
obliging, valid, notarial sale promise a real estate can be sold in the
Often the same real estate is offered by different
brokers. Compare prices and conditions.
Find out exactly about the cost allocation of the
broker's commission. Here generally a rate of 3 % each for buyer as well as
seller is use.
The costs for real estate tax, water, electricity,
garbage disposal and alike should be paid before the sale. Usually this is the
obligation of the salesman.
A contract is the first step, but does not make you an owner yet. Only
the title deed (Turkish: tapu) makes you own the property.
After the purchase:
A real estate possession does not mean the automatic
acquisition of a residents or work permit.
Compare prices with renovation or other services. To
catch up different offers, pays off often. Indeed the formula “everything from
one hand “ is comfortable, however, there is the danger of misuse.
After considering all this you
(hopefully) will have a great pleasure with your holidayhome in Turkey.
Please, don't ask us for reccomandation concerning
agents. For self-explainig reasons we cannot do this.