How Does the Deed Handover Process Work?

How Does the Deed Handover Process Work?

There are many processes in the sale of real estate, the last step is the title deed, thanks to this transaction the rights are transferred from the property to the new owner of the property. In purchases, sales or inheritances, title deed transfers are made to formalize the business

What you need to know about the bond delivery process

  • The person who will buy the house must first prepare the necessary documents and apply for a loan in order to obtain a housing loan.
  • After approving the housing loan application, the bank from which the loan was obtained prepares the official documents expected by the concerned land registry office. The recipient also receives this file.
  • The person who buys the house prepares the loan documents he got from the bank and other documents required by the Land Registry office (original ID card, passports, etc.).
  • The appointment is requested from the relevant Land Registry office.
  • On the day of the appointment, the seller and the buyer deliver the required documents to the unit in the appointment information.
  • The Land Registry Office notifies the buyer and seller of the delivery date and fee due number.
  • Buyer and seller pay Tapu fees and receive the necessary documents. At this point, you should not forget that there are two expenses, namely the title deed fee and the cost of working capital.
  • For the last stage of the bond transfer process, go to the Tapu Office at the time of the appointment. Final signatures are made in the presence of attorneys or agents and the transaction is completed.

You can find up-to-date information about title deed delivery transactions by contacting the relevant title deed office.

How long does the bond delivery process take?

Title deed transfer transactions, which formalize real estate buying and selling transactions, can often be completed in a single day, thanks to the appointment system.

For the title deed process, you must be in the apartment 15 minutes before your appointment and submit your application. Then, you must pay the title deed fee via the information letter you will receive and be at the Tapu Office again at the time of the appointment.

If there is no density in the relevant title deed office, all transactions will be completed within one day. If the land registry office is busy, your appointment may be postponed to future days.