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LEGAL INFO

Purchase Process

Once the sale agreement has been drawn up as a legal binding contract and the buyer and seller have agreed and both signed, the title deed will be applied for . The process takes approx 6 - 8 months, this is due to the search of Ministry of Defense, and is performed for every foreigner buying a property in Turkey. Should you be refused permission from the ministry you have the right to transfer the sale over to a nominated third party or have the contract cancelled. Once the permission is received back from the ministry, deeds transfer will go ahead. You can either be here to sign yourself or nominate by power of attorney someone to represent you. Normally buyers will give power of attorney to one of our company directors, this allows us to do all the work needed to get your deeds, plus have the water and electric connected and registered in your names as well as pay all due taxes on your behalf. Full purchasing costs are explained by us in full detail before any contracts are drawn up so you are fully aware of every penny you are spending.

 

Purchasing Costs

All purchase costs can be broken down into 7 items that we listed below.

         * Solicitor fee..............................£ 280

         * Translators fee.........................£ 90

         * Notary fee..............................90

         * Power of Attorney..................120

         * Electricity connection..............£ 140

         * Water connection...................£ 190

         * Property tax.......................... 1,5 % of Sale price

Annual service charge of 380 Pounds covers the security, pool and garden maintenance and was not shown in the list above.

Legal Advice

We always advise that clients use a solicitor for their own safety and it may also reduce the overall cost of purchasing a property. We can provide you an independant reputable solicitor and translator, which reduces the overall cost significiantly.

 

  

 

 Wise Move Homes Real Estate & Property Developers - "Altinkum Real Estate Service & Property DEVELOPERS"
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