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Buying
property in Turkey is far less complicated than in the UK.
The Estate Agent plays a more active role in "managing" the
process. Generally speaking the entire process takes between
6 to 8 weeks.
Foreign nationals may purchase most types of property in
Turkey in their own names if and when the time comes to sell,
the proceeds of the sale may be transferred out of Turkey.
Before selling a property, Seaside Properties, first of all,
designates a price with the help an expert and carries out a
legal and technical survey with regard to the property. Then
a report is prepared related to the property for sale.
In the portfolio of Seaside are properties with normal
market prices and which have no legal obstacles in terms of
purchase.
Seaside Property Company is granted the full power to market
the properties on behalf of their owners.
When you have expressed an interest in buying a property, an
agreement is prepared setting out the terms and conditions
of the purchase. A duly signed copy of that agreement and a
copy of the title-deed of the property are given to you.
At this stage, you are only required to give a copy of your
passport and two photographs.
Before leaving for Europe, it is advisable to open a bank
account.
Then you make a payment according to the payment schedule
clearly defined in the agreement.
Upon this payment, the proceedings at the Title-Deeds Office
are initiated by us.
We will prepare a letter, a copy of the legal papers,
together with the copy of your passport and send them to the
Army Headquarters in Ýzmir for clearance.This process will
take between 6 to 8 weeks. From the 1st January 2006, the
property location has to be checked by the municipality. A
1/25000 and 1/1000 cadastrol map is required for this
purpose. The check is carried out to ensure that the land
you are buying does not for within any military zone.
Depending on the area every municipality is charging a
different fee. Character checks are also made.
When all the checks have been conducted and the papers
returned to us, we will contact you so that you can arrange
a suitable date to return to Turkey to sign the Contract and
undertake the money transfer.
You do not have to stay in Turkey as we will contact you as
soon as the necessary paperwork has been received back from
Ýzmir.
On the day of transfer, the Buyer, Vendor and Estate Agent
will go to the Title Deeds Office and complete the paperwork.
The paperwork consists of all the legal issues (title deeds,
land registry etc) and financial issues. Financial affairs
are concluded, signatures exchanged and the title deeds of
your property are registered in your name .
After you have purchased the property we will accompany you
to the various department offices to get the utilities
changed to your name, ( Water+ Electric ).
Please rest assured that our company will provide the best
service throughout your property purchase proceedings, each
step taken carefully according to the law.
Registry with the municipality
Registry for water and electricity and official
subscriptions
Representatatives duties on official land offices affairs
Preperation of property contracts.
If you have any questions regarding the above, please do not
hesitate to call us or send us an e-mail. |