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Home arrow FAQs arrow The process of real estate purchasing can be described as follows
The process of real estate purchasing can be described as follows Print E-mail
1) The choice of real estate object

Fırst you have decided to a property from our portfolio

2) The conclusion of the purchase contract  with real estate agency .

Organising a valid contract in line with the Turkish Ownership laws for the sales of the property that protects the Buyers rights

3) Organising standard official deposit agreement to secure both parties.The payment by the buyer of the deposit at a rate of 10%- 20% from object cost

Before we start the procedures at the Land Registry Office, a deposit of 10% - 25% of the sales price will be asked to be paid to the Seller (as outlined in the contract). The payment of the remaining sum i.e.90%, shall be paid when all the legal procedures are finalised and parties are called for transaction.

4) The agency sends the inquiries to Military department and to the  General directorate of Land Registry and Cadastre for the sanction to purchasing of the given real estate object to the foreign citizen.

5) The registration of the transaction and registration of the property rights (TAPU-Title Deed). After acquisition of sanctions the seller and the buyer (or their representatives) meet in the Land Registry and Cadastre departament where TAPU (Title Deed) will be registed and transfered to the new owner. For TAPU(Title Deed)  registration  the buyer shows the passport with translation into turkish language and 3 color photos.

6) At the moment of TAPU (Title Deed)  reception  full calculation between the seller and the buyer for got object of the real estate should be made.

When paying for a property in Turkey it is usual to pay cash or by banker's order, or open a bank account in Turkey in both Euro/Dollor and Lira and transfer money to your account from your Country (check you banks transfer charges).

7) transfer of keys, settling

 “My Bodrum Homes”  offers you valuable assistance and allows you to have an objective and thorough investigation carried out regarding the property in which you are interested. Our well-educated staff are happy to help you. So please do not hesitate to contact us either through email or fax or in person for any additional information.

 
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