{"id":91530,"date":"2022-01-10T14:50:45","date_gmt":"2022-01-10T11:50:45","guid":{"rendered":"https:\/\/emlakey.com\/?p=91530"},"modified":"2022-01-10T16:57:42","modified_gmt":"2022-01-10T13:57:42","slug":"how-is-money-paid-in-turkey-real-estate-sales","status":"publish","type":"post","link":"https:\/\/emlakey.com\/en\/how-is-money-paid-in-turkey-real-estate-sales\/","title":{"rendered":"How is Money Paid in Turkey Real Estate Sales?"},"content":{"rendered":"

How is Money Paid in Turkey Real Estate Sales?<\/h2>\n

There are 3 different ways to transfer money paid in Turkey real estate purchase and sale transactions: By hand, online and blocked check method. Anyone considering buying a home in the near future should be familiar with these three payment methods for safe shopping.<\/p>\n

Hand Payment Method<\/h2>\n

It is one of the least secure payment methods. If cash on hand is used for home purchases, coins must be checked at a counting machine. In addition, if money is exchanged in a place far from banks or where the money will be stored, extreme care should be taken when carrying it. In hand payment methods, it is necessary not to start notary transactions before the money is paid.<\/p>\n

Online Payment Method<\/h2>\n

We live in an increasingly digital world. Naturally, we are moving to digital systems in terms of payment methods. This method is much safer than carrying money in hand, as well as providing a practical record of transactions. With the online payment method, the buyer sends the value of the house to the seller’s online account via EFT, money order or money transfer applications. The points that the buyers who will use the online payment system should pay attention to are to state that the amount paid is the island and parcel real estate fee, as well as the title deed address information in the description section.<\/p>\n

Payment Method with Blocked Check<\/h2>\n

The blocked check method is the safest method to transfer money after real estate buying and selling. In this method, money exchange takes place via bank check. Both the buyer and the seller are protected against possible problems with this method. In the blocked check method, the buyer requests a blocked check for the purchase of real estate by communicating with the bank. After the transactions are completed at the notary, the buyer delivers the check to the seller. The seller also goes to the bank with a check and transfers the money to his account. Thus, no one needs to carry a large amount of cash on them.<\/p>\n

How Are Costs Determined in a Home Sale?<\/h2>\n

Three criteria are taken into account to determine the total costs in the sale of a house.<\/p>\n

1. Net worth of the house:<\/strong> It is the amount paid by the buyer.<\/p>\n

2. Real Estate Advisor service fee (if any):<\/strong> It is the amount paid to the real estate advisor.<\/p>\n

3. Title deed costs:<\/strong> Deed transactions are handled at the title deed office and the title deed fee is paid here. For this, it is necessary to apply to the Land Registry Directorate to which the house is affiliated.<\/p>\n

In addition, the deed swap method is also used in real estate sales. In the title deed exchange system, the value of the house is offered for sale over the real value.<\/p>\n

How Does the Deed Clearing System Work?<\/h2>\n

When using the title deed exchange system:<\/p>\n

    \n
  • The e-payment number is obtained from the land registry office by logging into the Land Registry Exchange system via e-government.<\/li>\n
  • The seller enters the information into the system thanks to the e-payment number and sends the code to the buyer.<\/li>\n
  • The buyer enters the e-payment receipt number and the code into the system and deposits the cost of the real estate into the Takasbank account. The system blocks the deposited money.<\/li>\n
  • After the sales process is completed and the title deed transfer transactions are completed, the land registry office announces that the buying and selling transactions have been carried out.<\/li>\n
  • Upon this announcement, Takasbank removes the block on the money and the money is transferred to the seller’s account.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    How is Money Paid in Turkey Real Estate Sales? There are 3 different ways to transfer money paid in Turkey real estate purchase and sale transactions: By hand, online and blocked check method. Anyone considering buying a home in the near future should be familiar with these three payment methods for safe shopping. Hand Payment […]<\/p>\n","protected":false},"author":1,"featured_media":90213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[536],"tags":[],"class_list":["post-91530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turkey-real-estate-sale-guide"],"_links":{"self":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts\/91530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/comments?post=91530"}],"version-history":[{"count":0,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/posts\/91530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/media\/90213"}],"wp:attachment":[{"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/media?parent=91530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/categories?post=91530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emlakey.com\/en\/wp-json\/wp\/v2\/tags?post=91530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}