BE WARNED:
It's no secret that Kalkan has a "freelance" real estate agent in nearly
every bar and shop - even taxi drivers! However, once they're made their commission they
usually disappear at this stage leaving the unfortunate purchaser to negotiate this unfamiliar territory by themselves.
At Crea Architecture - Interior Design - Contruction Co , we pride ourselves on our integrity and the fact that we place professional ethics and standards above all other considerations, and our representatives are thoroughly familiar with every legal aspect of purchase. We feel very strongly that once you have purchased with us that this is the "real beginning" of the relationship, not the end.
We speak fluent English. Your detailed questions and concerns will be understood, and in turn our information and answers will be clear and straightforward.

Prior to Your Purchase:
Having selected your ideal property, you will want to be absolutely certain of the legalities of the process and particularly your rights in a foreign country. This is where Crea will ensure impartial and expert assistance is given in guiding you through every step.
Prior to your purchase Crea Architecture - Interior Design - Contruction Co will explain to you in detail all the relevant fees and taxes payable on a Turkish property, so that you can adjust your finances accordingly. As a rough guide, you should budget that the combined total of all these amounts will be approximately 2% of the declared purchase price. Once you have placed a deposit on the property, we can recommend a legal advisor, who will ensure that all the paper work is followed correctly and that you understand fully all the contractual obligations involved. If wished our lawyer will also conduct a full search for your protection.
Please note that it is standard practice in Turkey for the buyer and seller to each pay a 3% agent's commission. These standard terms are offered by all Turkish estate agents. Purchasing real estate from a non licensed agent with lesser commission may seem attractive but is often disastrous and costs much more in the long run.

Finances:
Once you have decided to buy your future property, it is necessary to arrange your finances. To secure the sale you must make a minimum deposit of 5% of the total price of the property and make a sales agreement. International money transfer takes 2 up to 5 days depending on the method you choose. If you need the money transferred within 1 or 2 days you can contact Western Union (affiliated with the bank in Kalkan), the fastest international money transfer in the world.
Before the deposit is paid to the seller we can help you prepare a sale agreement using an authorized translator as a witness and/or an English speaking lawyer. The approximate cost of a lawyer is £300 for a sale agreement. This fee can increase depending on additional legal services, such as power of attorney.
We can also help you open a bank account (any currency) at a local bank either in Kalkan or Kas should you decide to transfer money (for a deposit) before you arrive in Kalkan or while you are here.

Completion:
The entry in the property register in Turkey is not performed by a public notary, but by an official of the Property Registry Department. If the buyer wishes to have the sale authorized by the notary they must pay a 0.3% authorization fee out of the property price.
It is legally compulsory for both sides (the seller and the buyer) to be present at the entry
together with an authorized translator for the transfer of the title deed. If the property is to be in joint names both parties must be present for completion. This means that buyers must be in or return to Turkey. However, it is possible to authorize another person to act in your behalf through power of attorney. This is a very convenient and legal way to complete your purchase while saving time and travel expenses for you. With power of attorney we can act for you in the submission of your passports, in the transfer of money to the seller, the payment of sales tax (which is 3% total - 1.5% from the buyer and 1.5% from the seller) and in the exchange of the Title Deed. On completion of the transfer the Title Deed - which is called ‘Tapu’ - will be produced in your name(s) and we can safely hold it for you until you return to your new villa. Ownership is only obtained at the moment that the building(s), if under construction, has been completed and the full amount has been paid.

Post Completion:
In addition to compulsory earthquake insurance (DASK) renewed once every year and construction insurance paid by the builder/contractor (in the cases of construction), we advise all new property owners to arrange private building and contents insurance. We can arrange this on your behalf to concur with the deed transfer or completion date. Such an insurance policy usually costs 250 - 500 GBP per year for a normal furnished 2-3 bedroom villa. This cost can be paid in cash.
You would be required to make an inventory list of all the contents and the value of the building to be presented to the insurance company’s agent. For further information on insurance please contact us.