How to Buy Property in Bodrum
1. Research and Budgeting
Start by researching property prices and different neighbourhoods in Bodrum. Our portfolio includes a range of apartments and villas to suit various preferences. Decide on your budget early, and if you plan to take out a mortgage in Turkey, explore local banks’ requirements and interest rates to get the best deal.
2. Hire Us as Your Real Estate Agent
We have a substantial presence in the Bodrum area, and our local staff are well-versed in all districts. Additionally, we will help you find suitable properties, negotiate deals, and navigate the buying process smoothly. Our expertise helps in identifying properties that match your specific criteria, such as location, size, amenities, and price range. Once a shortlist is made, we can arrange property viewings in person to give you a better feel of each home and its surroundings.
3. Due Diligence
Hiring a lawyer is crucial to conduct due diligence on your chosen property. This includes verifying the legal status, title deed (tapu), and checking for any outstanding debts or encumbrances. The property will also be appraised to verify its market value, ensuring you pay a fair price.
4. Sales Process
Once both parties agree on the terms, a sales contract is drafted and signed by the buyer and seller. This contract outlines the agreed-upon terms and conditions of the sale. We will also assist you in obtaining a Turkish tax number and opening a Turkish bank account, both of which are necessary for property transactions.
5. Title Deed (Tapu Transfer)
After signing the sales contract and fulfilling payment obligations, we will assist in obtaining the title deeds. Be prepared to pay various fees and taxes associated with the property purchase, including property transfer tax, stamp duty, and notary fees. Once the title deed is transferred, you officially become the owner of the property, and we will help you transfer utilities like electricity, water, and internet to your name.
Start Your Property Buying Journey in Bodrum
Are you ready to find your dream property in Bodrum? Aegean Locations is here to guide you through each step, from selecting the perfect villa or apartment to finalizing all paperwork. Contact us today to begin your journey toward owning a home in this beautiful region.