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Here is a brief summary of the procedure for buying property in Turkey. The most
important factor is the work with a well-established, which will take you
through each step of the process.
Many people buying property in Turkey for the purchase of investments, a certain
home in the intention, even a little money and others as an investment for you
May never seen. It is important that potential buyers of goods in Turkey, the
procedures, it is a country abroad with a view to investing in real estate.
Purchases of goods in an emerging market like Turkey is very different than when
buying in a traditional, such as Spain, where millions of customers are already
owners of houses from all corners of the world. In Spain, the procedures are
tested and each notary is known. But in Turkey, this is not the case and the
lack of experience and the works of May delays and confusion.
With a reputation for buying agent
In Turkey, there are potential dangers that a number of properties have no
building permits or securities, or simply was built illegally. In 2004, the
Turkish Daily News reported that 600,000 illegal houses in Istanbul alone. There
are also various types of "title" in Turkey, using various property rights. For
this reason and the fact that Turkey is again the scene of goods abroad, it is
extremely important that a representative for the quality you can find out about
all sorts of problems.
Procurement process
Once you have your perfect and Turkey has decided that you want to buy, you can
normally expect the following steps:
Contract book
The contract is the retention of title on the market, usually between 2-4-week
periods for consultation ordered to carry out the necessary investigations into
the question. Normally a fee of stock between 1000 euros and 3000 euros in this
point.
If you do not continue with the purchase, as a legal problem, you should
contractually entitle to reimbursement of costs paid for the reservation, if not
always the case. However, if you do not, because a change of heart or mind then
it is normal that you lose the reservation cost.
If you decide to purchase and the cost of the reservation is already paid as
part of the payment to the question.
Pre-Contract
After the signature of the contract and the fee that you have a report on the
outcome of the review. On the basis of this report that you sign the preliminary
contract and at this stage you need to login. On a property on resale, which is
normally 10% and from a card (new) property, you must wait to be paid amounting
to around 30%.
If necessary, at this stage in the process the seller is obliged to approve the
purchase of a property in Turkey.
Off-plan purchases in Turkey to the buyer to pay May expect a series of payments
at each stage of the construction process.
Final
Once all parties are ready, prior to the sale of goods. The buyer pays the taxes
to pay and the last act or sale (Tapu) is signed. The signing of this document
means that the property will be transferred to the buyer. This is usually the
registrar change real estate.
After the signing, the contract of sale (Tapu) is in the land.
Off-plan of the safety of the buyer
In Spain and most other countries where all or part of the payment, that the
property is complete, to provide a bank guarantee to ensure that the sponsor
should be bankrupt before the end of your property, your money is safe at 100%.
In Turkey, this is not strictly necessary, and because of the initial phase of
the overseas property market in Turkey and the banks relatively immature such
guarantees are impossible or very expensive.
Therefore, it is very important, with developers of evidence and the substance
that can improve the quality of the goods and are in danger, not on capital
during the construction phase of the project. Also, the clauses in the contract
by the notary will protect your rights and your money. We have therefore not
surprising that the well-known developer who has proven and has been in the
past.
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