Real Estate Purchase and Sale Processes in Turkey: Steps, Tips and the Role of the Lawyer
Entrance:
Real estate purchase and sale processes are transactions that take place quite frequently in Turkey. It is important for buyers and sellers to follow the right steps and fulfill legal obligations in these processes. Here is what you need to know about real estate buying and selling processes in Turkey and the importance of a lawyer in this process.
Steps of the Real Estate Purchase-Sale Process
Selection and Inspection of the Real Estate: The buyer chooses the real estate he is considering to buy and makes a detailed examination. At this stage, factors such as the value, location and legal status of the real estate are evaluated.
- Preliminary Contract: The buyer and the seller sign a pre-contract by specifying the purchase-sale terms and price. This contract determines the obligations of the parties and regulates issues such as the right of withdrawal.
- Deed Transactions: Deed transactions ensure that the immovable is officially transferred to the buyer. Land registry transactions in Turkey are carried out in the land registry offices affiliated to the General Directorate of Land Registry and Cadastre.
- Taxes and Duties: There are taxes and duties that must be paid by the buyer and the seller during the buying and selling process. These amounts are paid during the title deed transactions and are confirmed by official receipts.
- Title Deed Delivery: When the title deed transactions are completed, the title deed document issued by the land registry directorate is delivered to the buyer. This document shows that the new owner of the property is the buyer.
The Role of the Lawyer in the Real Estate Purchase and Sale Process
Legal Consultancy: Lawyers provide legal consultancy to buyers and sellers in real estate purchase and sale processes. This includes issues such as examining the legal status of the real estate and drafting contracts.
- Contract Preparation and Review: The lawyer assists the parties in the preparation and examination of the preliminary contract and other contracts to be signed during the buying and selling process. This contributes to the protection of the rights of the parties and the prevention of disputes.
- Support for Title Deed Transactions: Deed transactions are of great importance in the process of buying and selling real estate. The lawyer provides support to the parties in the processes related to the title deed transactions and ensures that these transactions are carried out correctly.
- Consultancy on Taxes and Fees: The lawyer provides consultancy services to the parties regarding the taxes and fees to be paid during the buying and selling process. In this way, the parties fulfill their legal responsibilities by making the necessary payments in full and on time.
- Dispute and Dispute Resolution: In case of disputes and disputes arising during the real estate purchase and sale processes, the lawyer defends the rights of the parties and offers solutions. In this way, it is aimed for the parties to complete the process without experiencing any grievances.
Conclusion:
Real estate purchase and sale processes in Turkey can be successfully completed by following the right steps and fulfilling legal obligations. In these processes, the support of the lawyer contributes to the protection of the rights of the parties and the prevention of disputes. Our law firm in Istanbul is happy to assist you by providing professional services regarding real estate purchase and sale processes. You can get detailed information and benefit from our services by contacting us.
