Buyers' and Sellers' Rights in the Turkish Real Estate Market

When considering buying or selling property in Turkey, it's essential to understand your legal rights as a buyer or seller. In this article, we’ll explore the rights of buyers and sellers in the Turkish real estate market and how to ensure those rights are protected during the buying or selling process.

Buyers' Rights in the Turkish Real Estate Market

If you're considering purchasing property in Turkey, there are a number of rights you should be aware of to ensure a safe and legal transaction.

1. Right to Verify the Legal Status of the Property

The buyer must ensure that the property is free of any debts or legal obligations. It’s important to obtain all the necessary legal permits for the property, including the occupancy certificate, which confirms that the property is ready for habitation.

2. Right to Inspect the Title Deed

The buyer should verify that the seller possesses the title deed (Tapu) for the property and that there are no legal issues regarding ownership. The title deed is the fundamental document proving the seller’s right to sell the property.

3. Right to Safe Payment

The buyer has the right to ensure that the payment process is safe and transparent. There should be an official sale agreement detailing the total amount, payment terms, and any specific conditions of the sale.

4. Right to Negotiate the Price

The buyer has the right to negotiate the property price with the seller. In the Turkish real estate market, prices can be negotiable, and with thorough research, you can secure a better deal.

Sellers' Rights in the Turkish Real Estate Market

If you're selling property in Turkey, there are also several rights you should be aware of to ensure the transaction is conducted smoothly and legally.

1. Right to Sell Property Without Obstructions

The seller has the right to sell the property without facing any legal issues, provided that the property is legally registered and free from any legal disputes.

2. Right to Receive the Agreed Price

The seller is entitled to receive the agreed price for the property, which can be paid in installments or in a lump sum, depending on the terms set between both parties.

3. Right to Protect Personal Data

The seller has the right to protect their personal data collected during the sale process, and it should be handled according to the privacy laws in Turkey.

4. Right to Ensure Secure Payment

The seller must ensure that the buyer has the financial capacity to complete the transaction and will receive the payment within the agreed timeframe. The seller should also verify the payment method, whether it's via bank transfer or credit card.

How to Ensure Your Rights When Buying or Selling Property in Turkey?

Damasturk is a leading company in real estate consultancy in Turkey, offering expert services to ensure that your rights are protected throughout the entire transaction. Here are some tips to ensure a secure buying or selling process:

 

• Verify Documentation: Both parties should verify all the legal documents related to the property, including the title deed and occupancy certificate.

• Work with a Specialized Lawyer: It’s always recommended to work with a real estate lawyer specializing in Turkish law to ensure that all legal procedures are followed correctly.

• Use Trusted Intermediaries: Working with certified and trusted intermediaries like Damasturk guarantees a smooth and legally sound transaction.

 

 

Understanding buyers' rights and sellers' rights in the Turkish real estate market is essential before taking any steps in the buying or selling process. By ensuring these rights, you can ensure a safe and secure deal, whether you are a buyer or seller.

If you're looking for reliable real estate consultancy in Turkey, Damasturk offers the expertise needed to ease the property buying process and protect you throughout all stages of the deal.