In general, real estate escrow services in Turkey, or any other country, provide a secure and neutral third-party service for the handling of funds and documents during real estate transactions. This service helps to protect the interests of both the buyer and the seller by ensuring that the agreed-upon terms of the sale are carried out and that the necessary funds and documents are exchanged in a timely and orderly manner. In Turkey, as in many other countries, the use of an escrow service is often recommended, particularly for large or complex real estate transactions.
The contract is typically held by a neutral third party, known as an escrow agent, who ensures that both parties fulfill their obligations under the agreement. This can include things like making sure the buyer pays the agreed-upon purchase price and the seller transfers the property title to the buyer. An escrow agreement is used to protect both the buyer and seller by ensuring that all aspects of the sale are handled properly and legally.
To buy real estate in Turkey, you will need to first find a property that you are interested in purchasing. Once you have found a property, you will need to negotiate the price with the seller and agree on a purchase price. After the price has been agreed upon, you will need to sign a sales contract with the seller, which will outline the terms of the purchase. This contract will need to be notarized by a Turkish notary in order for the purchase to be legally binding. After the contract has been notarized you need to register the property in your name with the local land registry office.