The Buying Process
Buy property in Turkey is a relatively simple process but it takes a while due to the military checks.
Most people are surprised at how straightforward the buying procedure is properties in Turkey. Once everything has been agreed, a property transaction between two Turkish people can be completed in an afternoon. For a foreign buyer is takes slightly longer because of the need for official permission from the military authorities.
AlBarakah Properties will be responsible for all aspects of the buying procedure and all the legal documentation required.
Below is an outline of the main steps of the buying process.
– Property search
– Power of attorney
– Military approval
– Sales contract
– Title deed transfer (Tapu)
Step 1 – Property search
Initially we will talk through your requirements and based on this, gather a number of properties that we feel suit your needs, and arrange a viewing. We want this part of the process to be enjoyable, informative and ultimately satisfying.
Step 2 – Deposit/reservation
Once you have found a suitable property you will need to put down a deposit in order to secure it. This fee is usually 10-20% of the purchase price but the exact figure will be confirmed individually with the house owner or builder at the time of purchase.When the deposit gets paid, a receipt is given and this amount gets written into the sales contract.
Step 3 – Sales contract
At this point a sales contract is drawn up between yourselves and the seller. This will include information such as deposit paid, agreed sale price, date of transfer, and snag list if any. We will require from you two passport size photographs of the person whose name will be on the property deeds plus a full photocopy of your passport.
Step 4 – Power of attorney
Should you not be present in Turkey for the actual purchase of your property, you then need to go to the Notary’s office to sign a document giving your agent or solicitor, the power of Attorney for the just property buying, not for selling and not for Money or others. This enables the agent to continue with obtaining the Title Deeds in your absence.
Congratulations! The initial stage has been completed and you do not need to be present for any more of the property purchase transactions. Steps 2 to 4 only takes a few hours to complete.
Step 5 – Military approval
Details of the property and you (the purchasers) get forwarded to the Land Registry Office. An official transfer application is made and all documentations get sent to the regional aoutorized Army branch for approval. This is to check that the property is not located in a restricted zone for foreign purchase etc. Approval normally takes 1 -1.5 months.
Step 6 – Title Deed Transfer (Tapu)
Once military approval has been granted, the title deeds are re-issued into the new owners name and forwarded back to the local Land Registration office who, in turn contacts your agent. It is at this point that the last payment gets paid to the vendor/builder and the deeds are collected. Your agent or solicitor can pick up your deeds on your behalf if you have given them power of attorney. Your title deed can then be kept in a safe place pending your next visit.