ALI-MAR PROPERTIES BUYING PROCESS

Stage one:

Once you have found your perfect home / investment property, and agreed the purchase price, a contract will be drawn up between yourselves and the current property owner to cover all aspects of the sale.  This will include any additional items that are to be included in the sale price, as well as any construction guarantees or penalty clauses. It will also detail the agreed payment plan and any annual maintenance charges. This will be drawn up in Turkish but will also be translated into English by an independent government authorized translator.

At this stage a non-refundable deposit will need to be made (usually 10% of the full price unless otherwise agreed). As soon as deposit is paid the contract is signed and becomes binding.

Stage two:

You will need to provide copies of passports and two passport sized photos for each person who is to be named on the TAPU SENEDI (title deeds).

Stage three:

If a staged payments approach has been agreed, payments will need to be made by the dates agreed in the contract, failure to adhere to these time scales could result in penalties being applied.

Stage four:

Final payment will be due when title is ready for transfer. Agency fees of 3% will also be due now if you are using Ali-Mar Properties as an agent and not purchasing one of our own properties.

FAQ’s

1. Do I need to open a bank account?

Yes and it is best to do this at the beginning of your visit to Turkey. This is very easy to do and we will help you with this. You will need your passport, and a tax number which will be issued to you at the Didim tax office. You are free to choose whichever bank you wish, and there are many in Didim. Some offer a Direct Debit service for your utilities bills. If you have brought cash with you for a deposit, this can be paid straight into your new bank account or if you have requested a money transfer from the UK this should be confirmed immediately as it may take 3-5 days for the funds to be transferred.

2. Is it compulsory to use a solicitor?

No, in Turkey a property can be purchased without using a solicitor, but at Ali-Mar Properties we would not recommend this. For your and our peace of mind, we always use a reputable solicitor for our sales transactions, as well as an independent government authorized translator.

3. What additional costs should be budgeted for?

A 1.5% duty both for the purchaser and seller must be paid on transfer of title. In addition, there is an annual property tax, collected by the local government at the rate of 0.1% for houses. Solicitor and translator fees are approximately £250 – 300. If you are purchasing a new build property there will also be a fee for connection of water and electric meters of approximately £500.  Also if your property is on a complex there is likely to be an annual maintenance fee which will be detailed in your contract.

4. Are the properties lease or freehold?

The majority of the properties (including apartments) are freehold. 

5. What if I unavailable to sign for the TAPU?

You can sign a paper at the notary giving power of attorney to a third party, either a solicitor, your agent or a nominated person of your choice. 

6. Is it advisable to have a Turkish will drawn up?

It is always advisable to have a will if you have property so that if anything happens to you, the person(s) you wish to inherit will do so.  

7. What documents do I need to provide?

All that you will need to give to us are a copy of your passport and two passport sized photos. We need the same documents for each person that is to be named on the TAPU.