Guidelines of Buying property in Turkey
Things to look out for when buying property in Turkey;
• Does the property have ‘clean’ title? Is the seller authorised to sell, sometimes there can be many owners. Ensure there are no legal issues.
• Are there any debts attached to the property?
• Has the building been constructed legally?
• Is the property construction free from any defects?
• Are any other particulars being advertised true?
• Does the property have a full title, rather than a restricted title? Does it have the kat irtifaki tapu.
• Is the property a cooperative property where the cooperative has not been completed? The Tapu can't be transferred until all the site is complete. and you will be expected to continue paying the cooperative which can be substantial.
• Is the property on or near an archaeological site?
• Does the property belong to the government? If so special procedures apply.
• Is there any evidence of fraud connected to the property or owner? the property could end up being seized or auctioned off before you get the tapu.
• Is the property built in an military zone? You probably won't get the Army clearance to transfer the tapu.
• Is the existing planning status of the property clear?
Things to do when buying property in Turkey
• Deal with a reputable agent/developer, avoid freelance agents/waiters/bar men etc.
• Check the points above about the property.
• Buy a built property if possible, instead of off-plan, there is lot of choice.
• Employ services of an Independent English speaking Lawyer (not connected with the sell) so you can ask all the questions yourself directly. Make sure the checks above are done on the property.
• Ensure any sales contracts are notorised otherwise the contract is not admissible in courts if there are problems in future.
• Pay a deposit and keep a sizeable balance to pay on tapu transfer after your army clearance.
• Do not pay 100% upfront, if you must then make sure you put a large charge (Ipotek) on the property so it can't be sold off or loans taken out while you are waiting for the army clearance.
• Agree on who will pay the sales tax, usually it's 50% each, but some sellers try to pass 100% off to the buyer
• Agree on who will register the utilities (Water & Electric) in your name, and who will pay the fees.
• more to come.....
TurkishLiving Forum Admin
Last edited by Mushtaq; 20th June 2011 at 18:22..