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Old 1st February 2010, 14:10   #1 (permalink)
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Buying costs

Just made an offer on a resale property.

Looking again at the agents projected costs, wanted to run it passed you all....

Agreed purchase price of property PLUS

Agency fee 3%
Solicitor £1180 (seems a bit steep to me?)
Hypotek 1.2% plus 135TL
Military check £1113
Power of Attorney & translation costs £249
Misc costs and charges £200 (going to ask about this one!)
Title deeds tax 3.3% plus 135 TL

Been reading everywhere to employ your own independent lawyer, did anyone use the Agents Lawyer and is this ever a good idea?

The Agent in question is run by mainly British, English speaking employees.

Grateful for any advice.
Emma
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Old 1st February 2010, 14:15   #2 (permalink)
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Re: Buying costs

Think they are pulling figures out of the air, solicitors fee way too much ..........Bebs
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Old 1st February 2010, 14:16   #3 (permalink)
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Re: Buying costs

as a general rule its not a great idea to use a solicitor associated with the agent
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Old 1st February 2010, 14:18   #4 (permalink)
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Re: Buying costs

Why are the prices quoted in GB£? Surely if your contract of sale is notarised it will be written in Turkish and the prices will be in TL? It is not a good idea to use the agent's lawyer.

Have you seen the Tapu and Habitation Certificate? Have you checked that the property matches the Habitation Certificate e.g. if the property has more than one bathroom, does the number of bathrooms in the property match the no. on the Certificate? Have you checked that there are no outstanding debts on the property, including utility bills and taxes? If there are, your Ipotek will take second place to those debts.
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Old 1st February 2010, 14:24   #5 (permalink)
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Re: Buying costs

Dont know re the currency, guess it makes more sense in GBP to me??

If I have an offer accepted in principle will obviously check out all the things you mention before signing anything or handing over any money. Got a HUGE list for my next trip!
Emma

Last edited by KKOB; 1st February 2010 at 14:35..
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Old 1st February 2010, 14:26   #6 (permalink)
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Re: Buying costs

Hello Emma
Can you tell us the name on the Estate?
I think this is very expensive.
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Old 1st February 2010, 14:29   #7 (permalink)
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Re: Buying costs

Quote:
Originally Posted by Summertime View Post
Hello Emma
Can you tell us the name on the Estate?
I think this is very expensive.
Have PM'd you
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Old 1st February 2010, 14:37   #8 (permalink)
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Re: Buying costs

Emma I dont know abobut Gumbet, but I am sure member of this Forum know the area. If you decice to buy in Didim/Altinkum you can go the the owner of this Forum, Crescent Homes.
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Old 1st February 2010, 14:39   #9 (permalink)
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Re: Buying costs

The agent might be in Gumbet but the apartment I offered on was in Gumusluk.

Switching to plan B.
Emma
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Old 1st February 2010, 14:41   #10 (permalink)
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Re: Buying costs

Quote:
Originally Posted by edeller View Post
Dont know re the currency, guess it makes more sense in GBP to me??

If I have an offer accepted in principle will obviously check out all the things you mention before signing anything or handing over any money. Got a HUGE list for my next trip!
Emma
Suggest you get out your calculator now and start getting used to the different currency. You can't depend on the agent using an exchange rate favourable to you.
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