Conduct A Thorough Research for Buying Second Hand Property In Bodrum
You must conduct a thorough search before purchasing a resale property in Bodrum. You can personally visit the location and view possible locations.
You should keep certain factors in mind while house hunting in Bodrum. The location, cultural affinity, size of resale property, legal formalities, among others, play a key role in choosing the best second-hand property in Bodrum.
You can also hire local property agents for researching you. The reputed property agents will give you a comprehensive rate of various properties that will influence your buying decision.
Foreigners Who Can Buy Second Hand Property In Bodrum
The Bodrum Peninsula and Mugla regions are extremely popular among foreign tourists. Foreign property owners will also benefit from the low price of real estate and the cost of living. Most properties in Bodrum follow a 12-month rental policy. It is good news if you are hoping to buy rental, second hand property in Bodrum.
The central city districts of Bodrum and Bodrum peninsula, the most valuable properties in the districts of Gumbet, Bitez, Ortakent, Akyarlar, Turgutreis, Gumusluk, Yalikavak, Gundogan, Turkbuku, Golturkbuku, and Torba has the most luxury residences, holiday villas, homes, houses, apartments, and land. After 2012, the government of Turkey has lifted many restrictions related to buying of property. Now buying second hand property in Bodrum is now easier than ever. Foreign nationals of more than 129 countries are now eligible to buy more than 300,000 square meters of land in Turkey.
Complete All Formalities Before Buying The Best Second-Hand Property In Bodrum
There are also a couple of things to keep in mind while purchasing properties in Bodrum. The stamp duty for property registration in Turkey is 3.3%. However, you don’t need to pay this amount until the formalities are completed.
There are also several papers works and documents before buying second hand property in Bodrum. There are also several approvals that you need to complete before transferring ownership.
Know About Tapu And Iskan While Buying Second Hand Property In Bodrum
Tapu and Iskan are formal deeds that signify ownership of your second hand property. Contact a reliable property agent for conducting a smooth transfer of ownership rights. There are fraud agents who will take the money promising you to handover the documents. These are perhaps the two most important documents that will give you property rights in Turkey.
You should also check whether the seller posses the right to sell the second hand property in Bodrum. You don’t need a residency permit to buy a resale property in Turkey. Also, try to avoid working with fraud agents for your property purchase in Bodrum.