Step by Step

ALL VILLAS (see additional notes for Pre Release Reservations)

Step 1

To reserve one of our properties, decide do you want to buy 'off plan' completed in 26 - 32 weeks, or Pre-Release Reservation and save a further discount of 15-17% in consideration of possibly a delay of an extra 6 - 8 weeks. Now decide if you wish to reduce the price further by paying 95% of the price up front or alternatively pay by stage payments. Now choose the type of villa and plot number (if possible)

Now call our reservation department on 01323 445111 to check availability and make a reservation.

You then need to complete a Reservation Contract, we will fax you this on request or you can download from 'Properties For Sale' - 'Contracts'. Please send this form together with the £500 Reservation Fee within 24 hrs of your verbal reservation to our UK Head Office at Cortlandt, George Street, Hailsham, BN27 1AE.

Payment must accompany your Reservation Contract, Please make cheque payable to: "Midas PLC (£ Sterling Clients Account)", The reservation fee of £500 will form part of the first payment of either 30% if stage payment or 95% if one-off cash payment.

Reservation Fees are refundable if you cancel within 28 days, unless we default.

Please do not make a reservation unless you are serious.

 

 

Step 2

Once your Reservation fee has been received, we will immediately courier a Sales Agreement and Power of Attorney (POA) forms (if required).

Within 28 days of you and/or your solicitor receiving and checking all is in order the Deposit on signing is either 30% or 95% (in both cases less £500 Reservation Fee) of the List Price and further payments thereafter as detailed in the price list and Sales Agreement, subject to whether you are buying by cash or stage payments.

You will have received the Sales Agreement in both Turkish and English, this is a legal requirement in Turkey to ensure that foreign buyers are fully aware of all the terms and conditions of their purchase, this is very much better than Spain or France where the buyer often has no idea what they are signing.)

 

 

Step 3

At the time of The International Law Partnership ("ILP") - formerly John Howell & Co) receiving and holding in escrow any payments we will as per the Sales Agreement provide you with security for all payments.

 

 

Step 4

Thereafter MIDAS PLC will then apply on your behalf for you as a foreigner to purchase property in Turkey, this is a formality and is only relevant to where you buy, not who you are, and currently this is taking around 6 weeks.

Should we not secure foreign buyer approval for you (and this has never yet happened) we will refund all monies paid.

 

 

Step 5

So sit back and let us build your Dream Villa, all as per the Sales Agreement terms and completion date.

 

 

Step 6

Receive the Keys to your Villa and celebrate with Champagne.

 

 

Step 7

Within days of you taking possession of your villa, our after sales team will introduce themselves to you, both for your future reassurance or should there be any small matters that we have missed on our own "Prior to hand over Inspection", we will then correct same within 5 days.

Only then will you make the final 5% payment, and at the same time we will transfer the Deeds to your name.

Note: PRE RELEASE RESERVATION

Step 1a

We also require evidence of your financial ability to purchase if you wish to reserve a property and benefit from the extra discount for CASH PAYMENT, we seek this because these properties are very limited and in high demand. This can be a letter from your accountant of solicitor, and must be with us within 7 days of receiving your reservation form.

In the early days of Pre-Release stage we do not always have plots 100% defined by size or number, in such instances your reservation will be accepted clearly showing your requirements, i.e. Row 2, left handside min 500m/sq for example, then as the site plan is finalised your exact requirements will be included, prior to you being asked to sign a Sales Agreement everything will be to your complete satisfaction, if not in these circumstances we will refund the £500 Reservation Fee.

 

 

Step 2a

Step Two procedure as previously stated will not take effect until we are ready to close the Pre Release Reservation facility, and offer only "Off Plan" sales at the higher prices, the period from first offering Pre Release Reservations and closing this popular extra discount facility is normally 4-8 weeks, subject to demand.

On closing the Pre Release Reservation facility we will require you to proceed as detailed, commencing with Step 2 above.

 

 

Note:

We only make 25% of a new development available via PRE-RELEASE RESERVATION, and only 1 in 5 of these are available to be purchased by stage payments.

Should you wish to purchase more than one property then multiple purchases must be on the basis of this 1 in 5 principle.

On certain developments we will have premium plots available at a surcharge, please ask for details.