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BUYING PROCESS
The stages of the buying procedure Golden Moon Estate Agent or
constructor company will draw up a contract with buyer
detailing the agree terms and conditions of the purchase. A
solicitor land legal translator can be present during the
signing of the contract if requested by the buyer. This
contract should include the delivery of the apartment,
payment conditions including all extra charges,renovations
according to the requirements and many others which
dedicates all aspects for the agreement. And all possible
legal surcharges.Turkish estate agency takes the buyers
passport(s) to the notary public for translation. This is
necessary for the security and property location checks
mentioned above. If more than one name is to be entered on
the title deed, both passports must be translated. After
this, the passports will be returned to the buyer.Deposit of
the sales price is collected or to be transferred as
specified in the purchase agreement.These documentations and
power of attorney is provided either to the sales agent or a
legal solicitor in case required by the purchaser. This
power of attorney allows the agent to follow all local
formalities during the stage
of registering the title deed on behalf of the buyer.The
agent makes necessary applications both for registry office,
local municipalities, army authorities to complete the
formalities. After the
approval granted by the institutions given above, the title
deed is ready for registration.
It's legally compulsory for both sides to be present at the
entry in the
property register ( but if the power of attorney provided
then the agent is able to sign at the register office to
issue the title deed ) At the time of registering the title
deed, the purchaser should pay the
purchase tax announced by the local authorities. In addition
to the purchase tax, the buyer should pay obligatory
insurance for natural disasters,registration for electric
and water department.
Necessary documents for applications
. Passport
. Photographs (8 per each person)
. Deposit (as specified in the contract)
. Turkish currency for notary public expenses
BUYING EXPENSES
PURCHASE PRICE : Price of the house
AGENCY FEE : %3 of the purchase price
PURCHASE TAX : %3 price on the titlee deed
DEED EXPENSES : In old times, they never requested 1/5000 sqm map
from Military but this year they started requesting that
extra sized additional to the ones with 1/25,000 scale and
this could only be received from Municipality that charges
app. £500 for the maps in question.
NOTARY OFFICE & TRANSLATOR FEE: £100
TRANSFER ELECTRIC&WATER : from (100£ - 225£)
YEARLY
PROPERTY TAX : from 20-50 £
PROPERTY MAINTENENCE : from 300 -500 £
ADED EXP ELECTRIC AND WATER |
