Searching for and buying a property overseas can be a daunting exercise no matter which country you are looking to buy property in, with language barriers and varying laws from country to country.
Here at Turkey Homes we aim to make the experience of buying property in Turkey as easy and painless as possible with our detailed buyer guide and the help of our friendly team of property advisors based in our Head Office in London UK and several regional offices in Turkey who can offer a wealth of knowledge on local areas and the Turkey property buying process and all of the legal elements involved, all very different to the UK process.
Choosing your ideal property in Bodrum
The beautiful Bodrum peninsula in the Aegean coastline of southern Turkey offers a vast range of Turkey real estate for sale, ranging from apartments and villas in varying styles- modern, luxury, contemporary, newly traditional Bohemian homes, and traditional stone built properties full of character.
Your choice of Bodrum property will be down to your personal lifestyle expectations, your maximum budget and your reason for buying, will it be a holiday home for you and your family, a permanent home for relocation, or a pure investment in Turkey for a healthy return in your initial investment amount. Whatever your requirements, our Bodrum team are there to help, based in the centre of Yalikavak. Bodrum’s property hotspot, offering you a vast knowledge of all the different areas that Bodrum offers along with honest and comprehensive advice to help you when choosing your ideal Bodrum property.
What are the additional costs?
Probably the biggest question of all – once you have your heart set on that one Bodrum property, you will no doubt ask what the hidden costs are. Turkey homes fee is 3% of the property purchase price, with added costs including translation fees, notary fees, transfer of title deeds (TAPU), title deeds registration, compulsory earthquake (DASK) insurance, legal fees and fees for the military check, all amounting to a rough purchase cost of 8.5%-9% of the total purchase price. Turkey Homes comprehensive buyer guide can offer you a more detailed breakdown of the full costs involved.
What is the next stage?
Now that you have found the property you wish to buy and the funds in place, it is time to get the buying process in motion.
This is the time that we check that everything for your desired property is in order and all paperwork is up to date i.e. checking that the property is legally registered, with title deed information matching records held by the land registry office, making sure there are no debt held on the property, and checking that the property has its habitation certificate (Iskan).
At this stage once we are satisfied that everything is in order, a contract will be drawn up between the buyer and seller, this may be a developer or private seller, and the process begins.
We do recommend the use of a solicitor in order to check all the legalities, either recommended by Turkey Homes or you can source your own. The contract is then notarised and at this stage a holding deposit will be required and once received the Military search will be filed, if required.
This process can take up to 6-8 weeks depending on the individual areas, though often much quicker, and once completed the final stages can begin, first with purchasing the Dask insurance for earthquakes, this is needed before the title deeds can be transferred in to your name(s). You can now begin to enjoy your new home in Turkey, though out services are not over, we will also assist you in transferring the household utilities into your name, and take you shopping for you furniture if you have purchased a newly built home.
After all this painless procedure it will then be time to kick back and relax in the wonderful Turkish sunshine!!