Blogger BlogNet16129

Essential Tips When Buying Turkiye Property Include

0 comments Published Tuesday, July 29, 2008 by bloggerblognet84084.

1. Hire a advocate (solicitor) to buy a property in Turkiye it is very important they can speak English, documents should have already been translated prior to you signing, never sign nothing you don't understand,

2. Look at the testimonial pages or agents web sites, (check them) ask the agent for the testimonial writers telephone numbers, call them,

3. How long as the agent been operating in there area,

4. Bargain with the price, yes go on, nine times out ten the owner or developer will reduce the price for cash,

5. When you pay a deposit get it in writing, is there any extra costs involved, ie water/electric connections etc etc,

6. if you are paying by installments, ie off plan, you want a regular up date reports and state this in your contract clearly, no up date reports no cash,
Don't forget to keep your solicitor informed of all payments,

7. Timing is important. have seen people buy one year and sell for a lot more the next,
We call it for sale by owner, you only have to see a few web sites to see what i mean,

8. is the Turkish agent contracted to or working in association with a uk agent, check them out,

9. Deeds (tapu) you need to obtain the previous house owners, Deeds (tapu)
your advocate (solicitor) will be able to tell you if it is genuine or not

10. After the deposit is paid, the process of applying for military clearance begins. Foreigners are subject to receiving clearance from Ministry of Defense to buy a property. This process can take up to 4 months.

The Deeds (tapu) cannot be transferred to a foreign purchaser before the clearance is received.

11. Have all utilities (electricity, water and telephone bills) registered in your name after you take over the property.

12. Stamp Duty has to be paid both by the seller and the buyer during the transaction.

13. Estate Agents commission is 3% of the purchase value.

14. Property tax, paid annually to the local government at the rate of 0.3 % of the declared value of the property.

15. Annual Tax

If you own a property you will pay 0.3% of the amount written on the title deeds. This can be paid annually or in two payments, one in May and the next payment in November.
If you own land you will pay 0.3% of the amount written on the title deeds.

TH4S,
A name that is contracted and working in association with numerous estate agents here in Turkiye and in the UK,And the name behind

http://www.turkishhomes4sale.com
http://www.ourturkishlove.com

TH4S, clearly NOT a observer of life and definitely not, A front row spectator

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Essential Tips When Buying Turkiye Property Include

Blogger BlogNet16129: Jul 29, 2008

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