Choosing your Estate Agent, is as important as choosing your property

So many real estate agents, yet which one to choose ?

Foreign interest in real estate in Kusadasi has caused a tremendous increase in number of estate agents. One should be careful when choosing a real estate agent in Kusadasi. Even waiters and hotel stuff seem to act as agents and this situation causes real big legal problems. Estate Agents are there to assist buyers finding the right property and guide them through the purchase procedures.

However, local courts are exceptionally busy handling real estate cases which have gone badly wrong due to consultants, waiters and hotel staff providing incorrect or false information. Therefore, we suggest that you take a close look at our suggestions below :

1. Some estate agents tend to put a mark up on top of the actual sale price of the property. They should only charge a certain percentage of the sale price. As an example, property owner asks for 60.000 Euro and the estate agent asks 70.000 Euro where mark up is 10.000 Euro. In reality price is 60.000 Euro and the estate agents commission should be 3% which is 1.800 Euro. this hits you in the pocket as the seller pays nothing.

2. Watch out for fake deeds. With a good estate agent you should have no problem with it.

3. Deed and property should match. Unfortunately some “so called estate agents” are unable to tell whether the deed is the actual deed of the property.

4. Property that is being sold can have tax debt from previous years, which can be problem for the new owner.

5. Some estate agents tend to show the sale amount of the property significantly low to pay a lower sales tax. We recommend that you refrain from this because tax penalties are much higher. And tax penalties tend to come 2 to 5 years after the purchase of the property. again it is you who will carry the burden and pay later.

6. Make sure that the property you bought does not have any mortgage or financial obligations on it.

7. Ensure all documentation is translated in to your national language by a legal translator, and do not take it on face value, then have it checked by your solicitor, so much can be lost in the translation and once you have signed its legally binding as it would be at home.

8. If you are having renovations carried out on your property "DO NOT" part with any money until you have checked yourself or by someone you personally trust, when paying, only pay in stages once they are complete and you satisfied, then authorise the next stage - never pay up front or give power of attorney to estate agents no matter what the circumstances, they will spend it and you have no recourse against them.


SUMMARY: If you are thinking of buying property in Kusadasi, work with people who are totally eligible, trustworthy and capable.

"REMEMBER" they are only after your money no matter how friendly they may be to you at the time.