Calis Beach and Fethiye Turkey Discussion Forum
Property For Sale in Calis Beach & Turkey => Buying Property in Calis Beach, Fethiye and Turkey => Topic started by: kerri on November 01, 2011, 16:03:46 PM
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Hi everyone, well you guys have been so helpful, I am hoping you can give me a little reassurance, have been reading the 'I bought in Turkey and am happy I did' thread.
we have paid a deposit on an apartment in Ovacik, our solicitor in Fethiye has power of attorney, the military checks etc are underway and as per our contract we are due this week to send over £45k to the solicitor, the remaining £5k will be handed over on receipt of Tapu etc.
Is this the normal procedure? I am so so scared we will send over £45k and end up in 'take a break' magazine!
I know everyone has nerves and everything we have been told so far has been reliable and honest, at no point have we been pressurised over the purchase. We are buying through an agent 'spirit of Turkey' but we have our own solicitor.
any advice before we part with our cash?
also, what is the safest way to send money to the solicitor?
thanks
kerri
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I think it's fair to say that everyone that has bought property in the past would sympathise with your concerns, but yes it's fairly normal. Just don't hand over the last 5k until you're happy that everything on your snagging list has been completed. The safest way to send that amount of cash is by bank transfer, so you'll need your solicitor's bank details including swift code, take those to your own bank in the UK & they'll produce a form for you to sign. Around 5 working days later, it will arrive here.
Enjoy your holiday home
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Hi Kerri I fully understand your feelings Me and my hubby were really nervous when we bought our apartment 5 years ago. Everything went smoothly for us but at every stage we were really scared parting with such alot of money, but when everything goes to plan it's a great feeling to get your Tapu in your hand. Try to read about other members experiences, hints and tips. Be very careful and I hope your experience is a fabulous one for you and your family xxxx
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If ANYONE, in ANY country, has any intention of doing a bunk with your cash, I don't think he/she will be too worried about"losing" the last £5K, do you ?? [:(!]
I believe I would be inclined to transfer over the £5K, then hand over the £45k on completion. Just my opinion, of course !!
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Is the builder/agent reputable. Did the solicitor come with good recommendations. Just be very careful.
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It always amazes me how many times on here that the time to ask about reputations is long after making the appointments, signing the contracts and committing to buy. It's only money eh...
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This is very scary I know having done it twice myself but I made more smaller payments not 45K in one go, Is the solicitor holding the money until the Tapu is ready ? I would be happier with that.
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Who is the builder[?]
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I learned my lesson the hard way and it has cost me dearly. I trust no one with my money now not even so called "friends" and I only wish I had researched before parting with my cash. Hindsight is a wondeful thing. You can pick up some useful info on here and i only wish I had found this forum 8 years ago but alas I did not.
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Blimey she'll be scared to death reading all this ;)
It's a huge amount to send and a tiny amount to hold back. How did you find your solicitor - recommended by happy previous customers is the correct answer here, not recommended by the estate agent. In all probability things will be fine but I guess you are the sort of person who would only check Tripadvisor for a restaurant's reviews after you get home from a bad meal?
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Do not part with a penny until you have the Tapu in your name, and there is no debt/loan on the property, if this is not satisfactory to the Builder/solicitor then walk away. There are plenty of places for sale at the moment.
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quote:
Originally posted by BM06
Do not part with a penny until you have the Tapu in your name, and there is no debt/loan on the property, if this is not satisfactory to the Builder/solicitor then walk away. There are plenty of places for sale at the moment.
Yes that's easy to say but you forget that if a stage payment is being sent, a deposit would normally have been paid already. Not so easy to just walk away and find something else.
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I would also do the other way around , send the 5k as deposit, the 45k when tapu ready.
I had problems buying my place, was so naive then, 6 years ago.:(
I paid full amount 6 weeks after paying 2k holding deposit, I also had a solicitor here who advised this was normal practise. Didnt get Tapu until 3 years later and that only because of very good friend in the know. Things could have been so much worse I know now, because in the end I didnt lose out, turned out my builder had mortgaged my place, but after threats he handed the Tapu over.
Dont pay the large amount until you have the Tapu, if the seller and solicitor are Legit, it wont be a problem
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we have paid a deposit on an apartment in Ovacik, our solicitor in Fethiye has power of attorney, the military checks etc are underway and as per our contract
Keith, they/she have, still my opinion after the nightmares that have gone on here in the past, you know what goes on while awaiting military permission,:-\ I would advise any one to do the same, what happened in the past should stay in the past, most have learned to be a bit more careful due to others getting there fingers burnt and destroying their dream ;)
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when we bought our villa we had heart palpitations until we got our tapu
but you are doing all we did except we did not have a solicitor only the estate agent
good luck
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quote:
Originally posted by Scunner
It always amazes me how many times on here that the time to ask about reputations is long after making the appointments, signing the contracts and committing to buy. It's only money eh...
Perhaps, the way I wrote my post was misleading and that's why it was misinterpreted? I don't recall asking anyone for advice re: reputations??
We have made plenty of enquiries with regards to the agent and the property we are buying is the next door property to the agent who also owns the complex it is on. I am hoping that if the agent was going to mislead anyone he would not choose to do it on his own doorstep. However, you can never be certain so we have made plenty of enquiries.
I was merely asking others whether they had parted with money in this manner when purchasing.
Scunner, I know you are very well respected on this forum and rightly so having read your postings and others for a while, however, I find your replies to my post insulting.
NO, I am not a person who would read a tripadvisor review after a bad meal.
My rule of thumb when posting replies to a forum is that I would never post a reply that would seem rude to say to someones face, I find your remarks rude.
Shame really because I almost gave you a call yesterday regarding one of your properties in Calis beach.
Thank you to everyone who gave me advice, Graham , there is no builder involved it is a resale apartment. We have spoken to the agent today and the solicitor and they have been fine about holding off paying the £45k for a while. We suggested paying the £5k now and the £45k on receipt of Tapu as suggested by some of you kind folk. The agent said that as it will cost us a fee to transfer £5k and then another fee when tapu and checks ready then he will suggest to vendor we give the remaining £50k all in one go at the end on completion. This sounds like a much safer option and less worrying. I hope the vendor agrees.
When purchasing property in the past I have always felt the same with last minute nerves and 'what if's' but having never purchased abroad before so it is extra scary.
Thanks again to all those who helped with advice. Any more tips and advice will be gratefully received. Hopefully in the future I will be in a position to help newcomers to the forum.
Kerri
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quote:
Originally posted by kerri
Scunner, I know you are very well respected on this forum and rightly so having read your postings and others for a while, however, I find your replies to my post insulting.
NO, I am not a person who would read a tripadvisor review after a bad meal.
My rule of thumb when posting replies to a forum is that I would never post a reply that would seem rude to say to someones face, I find your remarks rude.
I would have given you the same advice to your face too, so I'm also using your "rule of thumb". You signed a contract the contents of which included making a payment which now you are not comfortable with. Why did you sign that contract then worry about what you signed later? I have no idea why you have singled me out as rude, nearly every person who replied says you signed a contract that favoured the seller, it certainly doesn't serve your best interests - paying a huge amount before anything is signed into your name, and holding back a minimal amount that is pretty insignificant to the vendor - they'll owe that to the agent anyway so they don't care about the held back 5k.
Indeed, it was me that said it will all probably be fine, and it will probably all be fine. It was you that was worried about it, not me!
There is a huge difference between "straight talking" and "rude" and if you are chucking tens of thousands of pounds around and then posting about being worried about doing that (and possibly ending up in Take a Break magazine) then don't complain when you get replies that didn't rub your tummy and tell you everything is fine. I KNOW people who's involvement in Turkey literally got them into Take a Break magazine and I'll tell you this - they'd beg on their knees for the chance to go back and listen to a bit of straight talking/rudeness about what they were about to do.
I guess this is the bit where I slope off to a dark room and chastise myself for my big mouth losing me an enquiry from you for a place in Calis. Damn!
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Rude or not, still a better set of answers than the MSE forum & from those who have "experience" of the situation in question. Now where is the Ovacik cement works again? Or is it still in Uzumlu this week? :)
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On reflection. Alternative reply specifically to the post.
"put my mind at rest please"
Reply:
"Stop worrying, everything will be just fine, what could possibly go wrong now".
How did I do?
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I would have given you the same advice to your face too, so I'm also using your "rule of thumb". You signed a contract the contents of which included making a payment which now you are not comfortable with. Why did you sign that contract then worry about what you signed later? I have no idea why you have singled me out as rude /quote]
Scunner, I singled you out because yours was the only post that offended me, I am all for straight talking , but, I still doubt whether on meeting someone face to face you would be impolite enough to say "I bet you are the type to read tripadvisor after a bad meal".
Either way, I totally agree that it was not a wise move on our part to sign a contract in the vendors favour.
Regarding the £5k it will not go to the agent as he is not taking commission off either party. He did the marketing for the apartment as a favour to the vendor who bought the apartment from him originally.
Anyway, regardless of the fact that I found your replies bordering on rude, I am still very grateful for yours and others replies.
It seems some members have bought their properties in a similar manner and felt similar last minute nerves, others are far less trusting.
so, Scunner, come out of that dark room, because if all goes well (and I really hope and think it will) we may look to buy in the future.
kind Regards
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quote:
Originally posted by Scunner
On reflection. Alternative reply specifically to the post.
"put my mind at rest please"
Reply:
"Stop worrying, everything will be just fine, what could possibly go wrong now".
How did I do?
sarcasm is the lowest form of wit!:-\
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Kerri, We did the same thing as you and we were lucky that everything went O.K. When we think back now at how we went about buying and how we put our faith in people we did not know it makes us shudder. In fact, we did not even have a solicitor, we were told we did not need one.
There have been so many posts on this Forum over the last 6 years that I have read about people loosing everything that it can make some of us a little cynical. I only wish we had known about this Forum when we bought we would have definitely used Keith/Cenk to buy from and we know there would not have been a problem.
I wish you every success with your purchase and hope you will come back and let us know how things went.
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quote:
Originally posted by Jacqui Harvey
Kerri, We did the same thing as you and we were lucky that everything went O.K. When we think back now at how we went about buying and how we put our faith in people we did not know it makes us shudder. In fact, we did not even have a solicitor, we were told we did not need one.
There have been so many posts on this Forum over the last 6 years that I have read about people loosing everything that it can make some of us a little cynical. I only wish we had known about this Forum when we bought we would have definitely used Keith/Cenk to buy from and we know there would not have been a problem.
I wish you every success with your purchase and hope you will come back and let us know how things went.
thanks Jacqui, I definately will keep you updated. I am so excited to have our place but so nervous. Spoke to agent today and he said if we are nervous about the transfer of 45k we can transfer the total on completion when we have tapu in our hand.
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quote:
Originally posted by kerri
quote:
Originally posted by Scunner
On reflection. Alternative reply specifically to the post.
"put my mind at rest please"
Reply:
"Stop worrying, everything will be just fine, what could possibly go wrong now".
How did I do?
sarcasm is the lowest form of wit!:-\
I gave an answer you didn't like and then the answer you were seeking when you posted. I have that "you can't win" feeling. Actually, the contract is none of my business and you were happy enough with the stage payments to sign it. My original point was nothing to do with the terms of the contract - it was to say that all concerns should have been addressed before now, and before commiting to buy.
That was not specifically aimed at you but certainly the cap seemed to fit and it is my long standing view that people (in general, not you specifically) are reckless with £50,000 - signing everything put in front of them - but adopt a far more thorough and clinical approach when trying to find out why their Efes has gone up 20p.
It is also my belief that people (in general, not you specifically) who end up losing the lot generally exposed themself to great risk and to an extent brought it on themselves - this is true in nearly all cases of money loss in transactions involving property in Turkey. The greatest cotributor to property purchase disaster in Turkey is not the system, or the agents, or the solicitors or the developers- it is the stupidity/blind trust of the purchasers.
And all that from possibly one of the most "over trusting" people on the planet - me.
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we bought our apartment five years ago from a very good turkish friend of ours who we have known for about twelve years and trust implicity it was a resale so we were lucky .recently someone asked me about buying in fethiye region i told them about this forum and contact scunner if they wanted piece of mind
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We did almost the same as you Jacqui with the exception that we did not even retain any money until we got the Tapu. :o
I would definitely not do the same thing again. I think on reflection what we did was very irrational and stupid, it was in the boom time though 6-7 years ago when property developers were still investing heavily in the area and there were far less stories of people being scammed.
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We did the same handed over all the money before we got the tapu and no solicitor reflecting back what were we thinking but..... all ended well we were lucky
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Take Kieth's (Scunner) advice, it is free and sound, we did and we are happy!
Kevin and Karen
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Hi Kerri
I would suggest if you can bear it not to hand over any more money until you have the day of tapu signing from one owner to the other then in the event it all goes wrong at least you haven't let go of all your hard earned money.The deposit is only there to ensure you'll go through with the purchase and if you keep in regular contact with the vendor, then they will realise that you are dedicated purchasers.
We have loved Calis and when it's all over you won't regret buying.
Lisa
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quote:
Originally posted by lisa
Hi Kerri
I would suggest if you can bear it not to hand over any more money until you have the day of tapu signing from one owner to the other then in the event it all goes wrong at least you haven't let go of all your hard earned money.The deposit is only there to ensure you'll go through with the purchase and if you keep in regular contact with the vendor, then they will realise that you are dedicated purchasers.
We have loved Calis and when it's all over you won't regret buying.
Lisa
Hi Lisa,
We did exactly as you and the helpful forum members said and did exactly this, yesterday!!! We refused to pay over any money until the completion day which was yesterday but kept in touch with all parties along the way. Yesterday we became the official owners with tapu in our name.
Thankyou
Kerri
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Very chuffed for you Kerri - genuinely. No sleepless nights and no hiccups - a far better system. Well done to all concerned.
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quote:
Originally posted by Scunner
Very chuffed for you Kerri - genuinely. No sleepless nights and no hiccups - a far better system. Well done to all concerned.
Thankyou Scunner, we are delighted, it all went without hitch, of course we broke our contract because we had previously agreed to pay £40k over by Oct but because we stressed our concerns the agent and vendor were absolutely fine.