subject: Tips For Buying Villas In Turkey [print this page] Owning one of the many beautiful villas in Turkey means that you will spend your holidays hiking through ancient ruins, swimming in the warm blue sea, and dining at delicious local restaurants. What is there not to love about spending time in this beautiful setting?
The process of buying villas in Turkey can be somewhat complicated and confusing, but it just takes patience and attention to detail. Once the deal is completed, you will be able to enjoy your beautiful holiday home for many years.
Here are some important things to known when buying villas in Turkey:
-Buying villas in Turkey is very similar to the process in many other European countries. You will need to pay a deposit on contract and then make a balance payment when the title deed is transferred.
-However, the one requirement that it unique to Turkey is the need for "military approval". This sounds dramatic and difficult, but it is simply a check to make sure that you have a right to buy the property. Once you pay the deposit, your agent or solicitor will apply for military approval for you by submitting a photograph of your passport and the details of the sale. It usually takes only 3 months to obtain military approval for buying villas in Turkey.
-Before buying a property, always check to make sure that the title deeds actually belong to the property in question and that the house actually belongs to the person who claims to be the owner. There has been many property scams of this nature in Turkey, so be sure to check the photo ID of the seller against the name on the title deeds to make sure.
-If the property is under joint ownership not all of the people who are named on the title deed will necessarily have agreed to the sale, so this is something that you will need to check as well.
-Another thing to watch out for is whether the current owner of the property has any overdue debts on the utility bills or taxes.
-Check to ensure that the building meets all earthquake proof regulations, as some older buildings in Turkey might not.
-Make sure that you have all of the required documents for purchasing villas in Turkey. This includes your passport, a local tax number, a bank account in Turkey, and two recent photographs of yourself.
-Although it is not required to hire the services of a lawyer when buying villas in Turkey, it is recommended because property laws in this country can be somewhat confusing especially for a foreign investor.
-Do not forget about all of the extra costs involved in buying property in Turkey, such as accommodation tax, connecting the electricity and water, translation fees, notary fees, purchase taxes, and more.
-Once you purchase your Turkish property, it is a good idea to set up some household and property insurance.
Remember these important tips when buying villas in Turkey.
by: James P Martin
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