Real Estate Purchase Process in Bodrum - Step-by-Step Guide
Bodrum has become one of the most attractive regions in Turkey not only for vacations but also for real estate investment. However, buying or selling real estate in Bodrum involves many important steps that need careful attention. In this article, we will examine the real estate purchase and sale process in Bodrum step by step and explain what needs to be done to ensure the process runs smoothly.
Choosing Real Estate in Bodrum
The first step in the property purchasing process is choosing the right property. Whether you are looking for a summer house or an investment property, it is important to thoroughly analyze the real estate prices in the area and the condition of the property.
Contract Between Buyer and Seller in Bodrum
Once the property is selected, the contract between the buyer and the seller becomes one of the most critical steps in the process. This contract outlines the rights and responsibilities of both parties. Information such as the real estate price, payment conditions, and transfer date must be included in the contract.
Title Deed Transactions in Bodrum
After selecting your dream house in Bodrum, the following steps will take place:
1 - Preparation of Necessary Documents
- Identity cards of the buyer and seller
- Title deed
- Compulsory Earthquake Insurance (DASK) policy
- Property declaration value document (obtained from the municipality)
- Mortgage documents (for transactions with credit)
2 - Making an Appointment
- An appointment is made with the Land Registry and Cadastre Office. This can be done through the ALO 181 hotline or the web title deed system.
3 - Application to the Land Registry Office
- On the day of the appointment, the buyer and seller go to the land registry office and submit the necessary documents.
4 - Payment of Title Deed Fees
- The title deed fee is 4% of the sale price. This payment is made after receiving the fee notification.
5 - Transfer Process
- After the documents are checked, the transfer process is carried out by the title deed officer. The buyer and seller must be present at the land registry office to sign the necessary documents. Simultaneously, payments are made.
6 - Delivery of the Title Deed
- After the transactions are completed, the new title deed is delivered to the buyer, and the ownership is officially transferred.
Key Delivery and Final Procedures
Once all official procedures are completed, the buyer receives the keys to the property and officially becomes the owner. If the property is to be rented out, a lease agreement is prepared after this stage, and the rental process begins. After completing all the necessary legal steps for the use of the purchased property, the buyer can utilize their property as they wish.
The real estate purchase and sale process in Bodrum consists of legal and bureaucratic stages that must be carefully followed. There are many details such as appraisal reports, title deed transactions, payment processes, and taxes in this process. It is important to manage the process with professional consultancy to protect the rights of both parties. By following the correct steps and preparing carefully, you can complete your real estate purchase and sale transactions in Bodrum smoothly.
