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Buying an Apartment in Bodrum

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Having just signed up to buy an apartment in Bodrum, for holidays and letting, I thought it a good idea to check some things out and came across your site, I'm impressed!

We, Del & Jody, and our kids, Joseph & Grace, have finally settled on 'The Village' on the main drag from Bodrum airport to Bodrum Central.

Although the views from all the other places were fantastic, we liked the idea of the flat ground of 'The Village', plus Lake Tuzla and Vita Park golf being a few minutes away! Oh, and if it gets built, Flamingo Park Shopping Centre (Any news on that one?).

Is there a company search type thing for Turkey? I was after finding out more of the construction company, S.

C.

V Koroglu Construction Co. Ltd.

We 'bought' , subject to all the legal stuff, 2 bed,1 bath, GF appt on phase 1, which is built and they are just tiling ours. Phase 1 finances phase 2, which is the reason for my question.

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Hi Delgan, welcome to Turkey Central. Congratulations on your purchase, hope it all goes smoothly for you. Can't answer your questions as I live miles away from Bodrum.

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Welcome to our forum Del, I don't live near to Bodrum either, hopefully some of the members who do will be along at some point and will be able to help.

From what you say it doesn't sound long before your new apartment will be ready and you get your Tapu. Don"t forget if you gave anyone Power of Attorney to cancel it when they have done their job and get it notorised,If there are any more questions you want answering please ask and we will try our best to help you. :hysterical[1]:

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Hi Delgan and welcome!

It's always good to have a new member who is buying a property and moving to a place like Bodrum, since we can get a fresh view of the buying process as well as the area. I hope you'll keep us updated on things, whatever experience you post about is bound to help somebody else down the line!

I'll move this to the Bodrum forum so you'll be more likely to get some helpful replies. :)

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Hi Delgan I do not know whether to congratulate you or to share my sorrow with you having bought in The Village. I went out to Turkey in October/2009 and ended up buying a three bedroomed villa in The Village. We were advised that the completion would be end of Feb/2010.

Since then they have been having lots of rain thus delay in completion. I am being advised that the completion is due end of July/2010.

I do hope that it will be completed after 5 months of delay. I have been writing e-mails to SCV Koraglu but their responses are not very frequent and do not always give the information asked for.

I hope we can meet up once you acquire your place. Hopefully I will be flying out to Turkey in Aug/2010 to take charge of the property.

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@Ken Grubb, will keep you updated.

@Bhardwaj,We were over in June and ours was the 'last one' left apparently (B1-3), and it was being tiled the week after.

I think the places were being finished from the back of phase one to the front, as we looked at one of the rearmost villas and it was complete.

There were 3 foot deep trenches around all the blocks where they were installing water pipes, and these were to be filled in made good and turf/path laid.

The swimming pool was basically finished, with a small kids pool adjoining it, which wasn't on the original drawing.

As you have said, contact is at best sporadic, but hopefully that means they are so busy getting it ready, they don't have time to 'play' on computers, as my wife likes to say! Hopefully they will deliver on their delayed promise, we were also told of the rains.

It's nice to talk to someone in the same boat as ourselves, and yes, if we can, it would be great to meet up, before the AGM (cant believe I am going to be a part of this!)

Whereabouts are you based? We live just outside London, in Essex.

Look forward to hearing from you.

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@delgan There are some lovely people who help you along and show you the way to use this forum. I am very grateful for this. Del you have given me more information regarding the villa that I have purchased than what I could get out of them by sending 6 e-mails. They are really very bad in keeping people informed. I have not properly introduced myself as yet but here it goes. I have a family of wife Parveen and two girls and two boys , all grown up. I have taken early retirement from being a telecommunication engineer first in BT (32 years) then Cable & Wireless eleven years.

I have bought a villa (C1-3) both to enjoy by ourselves and the family as well as for renting out.

Completion date was supposed to be end of Feb/2010 but now I am being advised that it will be end of July/2010.

I am being asked to pay up before the exchange of contracts. I don't really know whether this is normal as I expected to pay them after making sure everything is okay. This villa will come fully furnished and I would like to make sure that there will be nothing for me to do as I walk into the place.

So far it has been one hell of a pain but hoping that the dark clouds will disappear. By the way I live in Heston Hounslow Middlesex close to London Heathrow airport.

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@Bhardwaj, I believe that the contract would state payment stages for the property and wonder what it says about final payments.

Has your Military clearance come through yet and have you checked recently to make sure that the builder hasn't taken out a loan against your property? I'm not saying he has but it is always wise to double check these things.

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@Abi I have to see the contracts T&C but it is fairly normal in this country to pay for the property after exchange of contracts. I have employed a solicitor in Turkey to take care of any legal issues and don't expect that the loan has been taken out on my property.

Military clearance has been given on the villa and hopefully should be ready by the end of July/2010. I have bought this place through Prime based in UK.

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@Bhardwaj, was a bit worried about paying anything before military clearance and signing contracts etc. But I am informed this is quite usual (still in the back of my mind though).

We went to Bodrum with Cornhill Overseas, and the service has been second to none. Their rep, Antoinette, was fantastic and while in her company, she paid for all our food and drink. There was no hard sell, and we were impressed with what she showed us around the area, not only properties, but the beauty of the surroundings and the infrastructure being put into place.

There is a second runway close to completion at Bodrum International, and they are installing water mains (drinking water) almost everywhere it seems.

While this is not what everyone wants, the onslaught of tourism, for me it appears to be a good investment opportunity.

We spent years traveling rural France looking at places to renovate, to live in and as a letting business, but what we could afford and the amount of work involved (I like renovating, my wife doesn't, well not how long I take anyway!) was very prohibitive.

We were not thinking at all about Turkey, but jumped at the chance of the offer from Cornhill.

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@Bhardwaj I have spent a good 20 minutes responding to your message then it just disappeared before my eyes. Anyway we had a similar deal as yourself but with Prime Overseas. It was very good and we were well taken care of. We bought this property on our last day in Turkey and our plane took off half hour after the purchase.

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Ah!, the old disappearing text trick.

After getting lots of calls from In-laws and Friends about this in general day to day use of computers, long emails etc. I now recommend the following:-Type your text in your favourite editor, I always say openoffice.org as this is FREE, M$ compatible, and autosaves! (you must save after creating new document, to enable autosave function)Then just select all (ctrl+a), copy (ctrl+c), then paste (ctrl+v) into your forum/email/whatever.

My Stepfather-in-law does this now, and I no longer get the 'how do I......' phone calls.p.s you can use Notepad, Wordpad, Vim or countless others, if you can remember to keep saving as you type.

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@Bhardwaj We were latecomers to The Village, and were shown the last available apartment on the first phase. As we viewed and decided to buy the first week in June 2010, and the Military clearance on average can take 3 months, we have a later completion date, which hopefully will be before the 26th October, because we hope to stay there! (I am hoping they will bring completion date forward a few days.)

Interestingly, I noticed on thevillagebodrum.com site, there is a 6% discount if full payment is made, were you made aware of this? I wasn't but 6% saving would have been nice, still payable over a few months I think, because of the clearance issues etc.

This is the link to 6% discount option if you want to take a look, ignore me if I am going over stuff you already know.

It seems to have taken me ages to type this up, as I keep getting interrupted, I think I started over 2 hrs ago!

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@delgan I am aware of this 6% discount but I decided not to do this as I thought paying all the money upfront may be too risky. One thing I have found it is why they appear to hold back work until full payment is made. I am saying this because I am being asked to pay off the balance before the completion date and similarly you are being asked to pay before completion.

Why they can't wait till the client is satisfied with the finished building is beyond my understanding.

I suppose same as myself you will be getting fully furnished apartment.

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@delgan I see what you are saying but when we there we did not have too much time to get into nitty gritty otherwise we would have missed our flight. We just agreed on the price of the villa fully furnished and started contemplating on the plane whether we did the right thing.

I have had some recent pictures sent over by the Prime rep and it looks like that the place is still far from completion. However we are advised that the completion date is 7/08/10 and I have advised them that the funds will be transferred on the day after I check the property over.

The other thing that concerns me a little bit is that the flights can be quite cheap or very expensive depending on the day you travel. Once a fixed completion date is advised I will then try and book the cheapest flight possible and fix the date with them for the possession of the property.

It is such a big headache and hopefully will be well worth it. Incidentally I think the flat that you have bought is two bedrooms and two bathrooms as there are no two bedroom flats with one bathroom.

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@delgan, if you have the time I would always suggest that people buy their own furniture rather than a package as you will, as you have found out be able to buy it much cheaper. One word of warning if you go with a rep be aware that they will for sure be getting a percentage of what you pay to the shop sometimes as much as 10%, so it is better if you buy on your own. Decent quality knives and forks and cookware can be expensive here so if you have room in your suitcase bring them over with you. Curtains can also be expensive here so that is something else you may consider bringing over with you.

Don't forgot to bargain especially if you are buying a lot of stuff from one place or an expensive item, they will give you a discount or throw an item or items in for free.

At the end of the day as you say why pay extra for nothing.

Most places will deliver free and usually the same day. Make sure that you inspect the goods whilst the driver is still there.

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Thanks for the info Abi, I will enjoy the bargaining.

Is there anything that you would consider really cheap, or should I say good value, in Turkey for the purpose of furnishing an apartment? Rugs, nets, crockery? Might start a new thread if it hasn't already been asked.

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Hi DelI don't know what has happened but the comment that I added two days ago has disappeared.

The villa that I have purchased is C1-3. This is a 3 bedroom detached with three bedrooms with a private swimming pool. We are advised that the completion date is 7/08/10 but I can not rely upon what they are saying since I have had several completion dates from them in the past.

I will only pay off the balance once I am fully satisfied with the property and all the funiture within.

RegardsKamal

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Hi Kamal,after trying, and failing, with emails to Koroglu construction, I remembered the Cornhill, "Client Liaison Mananger" saying email him and he can get things done.

Well, no sooner than I email him, he replies and sets to work to get the answers, which have all taken less than 24hrs!

Have you tried going through your contact for Prime Overseas? After all they are as involved in this sale as you are, if you don't pay, they don't get their commission, its as simple as that.

Did you take out a rental agreement with Koroglu? We took out 20wks winter, 20wks summer, if possible within the first year, enabling us to get sorted for advertising etc.

As they are involved with the construction of the flamingoparkavm.com Peter said he would be having architects and managers staying as close as possible, and you guessed it, The Village is one of the closest.

Don't know what kind of rents to expect normally, but they are giving

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