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Old 15th June 2011, 12:26   #1 (permalink)
Els
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Our Ilica Park apartments all sold

The five apartments we used to own in Ilica Park, Ilica, are now all sold.

I owe a big thank you to my Dutch estate agent, Turkije Woningen, who sold three of them, Anita from Turkey Property Shop in Side who sold one, and our builder who also helped us find a buyer, rather than to push one of his own properties.

The sales all went without a hitch, and I just wanted to post this as an example that not all estate agents and builders operating in Turkey are bad!

All this has been done inside the space of one year, which is no mean feat under the present difficult market conditions.
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Old 15th June 2011, 13:25   #2 (permalink)
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Re: Our Ilica Park apartments all sold

thats a nice post to read Els..
and as you say there are some really good estate agents out there..its unfortunate that only the bad ones get the publicity.
What will you do now then..have you let all of Turkey go?
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Old 15th June 2011, 14:02   #3 (permalink)
Els
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Re: Our Ilica Park apartments all sold

Thanks Shirley. Good heavens no, would never let all of Turkey go. Couldn't live without a regular dose of all things Turkish.

Whatever we decide to do next, it will not be to pull out of Turkey altogether! I sometimes think I must have been Turkish in a previous life; love the place, warts and all.

Watch this space, to see what happens next.........
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Old 16th June 2011, 12:24   #4 (permalink)
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Re: Our Ilica Park apartments all sold

Have you actually sold them and handed over the Tapu without the Iskan?
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Old 16th June 2011, 12:38   #5 (permalink)
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Re: Our Ilica Park apartments all sold

Janice, a provision was made in the contract to cover the buyer's risk of having to obtain the iskan themselves in the event that it could not be obtained by the builder.
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Old 16th June 2011, 13:26   #6 (permalink)
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Re: Our Ilica Park apartments all sold

What risk is there of the builder not being able to obtain the iskan? I'm surprised that you can sign over a Tapu without an iskan, but clearly you have done this so it must be possible.
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Old 16th June 2011, 13:42   #7 (permalink)
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Re: Our Ilica Park apartments all sold

I think a number of building firms have gone bankrupt over the past few years, so the risk of a builder not being able to meet with his obligations is always a real one.

I am surprised you claim not to know that you can transfer a tapu before the iskan is issued, as you yourself obtained a list of Ilica Park tapu owners from the Tapu Office in Manavgat last October, showing quite a few new names.
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Old 16th June 2011, 13:58   #8 (permalink)
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Re: Our Ilica Park apartments all sold

els who is the builder and are they any good as it sounds like they might be going bankrupt if you had to make a provision like that in the sale contract i know some builders in the side area that have a bad reputation for leaving things unfinished did you get a good price for them in the end of the day
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Old 16th June 2011, 14:15   #9 (permalink)
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Re: Our Ilica Park apartments all sold

Lemmy, I know our builders (IHN Construction Villa Lux) are financially sound, but I can understand that people buying from me are not going to take my word for it and would want some protection built into the contract. Anyway, the iskan has now been approved by the council and we are waiting for the documentation.

Selling prices are still lower than a couple of years ago, but looking at some of the prices on Spring now, they seem to have gone down in price more than IP, so can't grumble. However, if you are thinking of buying as an investment, I would wait a bit longer if I were you to make sure we have reached the bottom. Certainly some excellent deals to be had in Side; if you want more information please pm me.
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Old 16th June 2011, 14:32   #10 (permalink)
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Re: Our Ilica Park apartments all sold

out of interest i just did a search on the internet for this company and cannot find them does anyone else have any experience of them

my situation changed a while back and i have had to put off buying but i hope that things will take a turn for the better soon by which time the market may have bottomed out and i will be able to pick up a bargain i still enjoy visiting the side area as much as ever
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