In the process of buying a property in Turkey, one of the concerns of us is how to transfer money to Turkey, as well as trusting the seller and transferring money to his account.
These days, we have seen so many frauds and profiteering that before doing anything, we think about the safety points and the possibility of fraud in the process. When buying a property, one of the points that preoccupy us is what if we pay the money and the document is not registered in our name?
On the other hand, there is the same concern from the seller’s side. What if I transfer the document and the buyer does not pay?
To solve this concern, the Turkish Registry Office with the help of the country’s banks have created a system called Taputakas.
What are Taputakas?
Tapotakas is actually an intermediary between the buyer and the seller of the property. This means that the buyer of the property deposits the money in the form of a loan, along with the specifications of the desired property, into the account of the Taputakas system. The system holds the money until the document is transferred to the buyer’s name. After transferring the document, the money is deposited into the property seller’s account.
In this way, both the buyer and the seller are assured that the money will be paid correctly and the document will be transferred to the name of the buyer.
All steps of transferring money to Taputakas and transferring to the seller’s account are done online. The fee for using this system is 70 lira.
We recommend that you read the article “What is Tapu? difference types of real estate documents in Turkey“. In this article, we have mentioned about the important points that you should know when receiving the document
What information does Taputakas receive?
Taputakas system receives and maintains buyer and seller information to prevent any fraud. This information includes:
| State | Address |
| City | Audit value and land registration |
| Area | Use of real estate |
| Range | A share in real estate in a plot of land that has several owners |
| The Neighbourhood | Type of real estate |
| Avenue | Type of ownership |
| Block | Previous owner and reason for transfer of ownership |
| apartment number | property owner |
| Number of floors | Land and property audit and registration number |
| Floor | Ownership transfer date (Tapu registration) |
| total area | Signature of the Head of Tapu Office or a person authorized to register on his behalf |
Procedures for registration in Taputakas system
Step 1: Register on Taputakas website
Log in to the taputakas website or app. This site supports 5 language. Change the language of the site to your language. Click on the register button. Then click on foreigner registration and enter the registration section. In this section, enter your information such as your tax number and the 12 or 13 digit number that the Land Registry Office sent you via SMS about this transaction.
After entering the site, register buyer and seller information, property information, including address, size, etc.
Second step: Deposit money to Taputakas account
The amount related to the purchase and sale of real estate, as well as the commission of this system, to Taputakas bank account with IBAN number:
TR33 0013 0013 2000 0000 0000 0240 45
It is deposited at Takas Bank. Make sure you deposit to the exact same account number. It is mandatory to submit the deposit receipt through this account number to register and start the process of transferring the document to the buyer’s name.
It should be noted that regardless of the price of the property being traded, the amount of 70 lira is charged from the buyer and the seller. If the transfer of the document does not take place and the transaction is void, this amount will be returned.
Step 3: Transfer money to the property owner’s account
After transferring the document to the buyer’s name at the Turkish Deeds Registration Office, the amount you have deposited into this account will be transferred to the seller’s account. If the transfer of the document is done after 17:15, the desired amount will be transferred to the seller’s account after one working day.
You should know that all notifications of this process will be sent to you via SMS.
All notification messages sent by Takas Bank (sms and e-mail) are sent with the tracking confirmation code that is given to the parties during registration in the system, and messages that do not have a confirmation code will not be valid.
Conclusion
Advantages of using Taputakas system for real estate sellers
- It protects you from the risk of forgery or theft of money.
- You can immediately inquire whether the sales price has been sent to Takas Bank by the buyer and blocked by Takas Bank in the special account. Once you see the money blocked, you can safely sign the document.
- Your money will be sent via EFT to the account you specified during registration on the site, immediately after the transaction on the title deed.
- Since the sale price of the property is locked and automatically deposited into your account after signing, it solves your trust problem with the buyer.
- Freeing from the costs of a blocked check or a notary, you can make your sales transaction at a lower cost (70 TL).
- Thanks to the simple and user-friendly site and application, you can easily make your transactions in Farsi with confidence.
- As you will be notified at every step of the process via SMS and email, you will be fully informed of the process.
- You can easily track each step of transactions through the “Status Inquiry” section on www.taputakas.com.tr.
Advantages of using Taputakas system for property buyers
- This system protects you from the risk of theft or loss of money while transporting cash.
- Since the value of the property is frozen and deposited into the seller’s account after the sale, it solves your trust problem with the seller.
- Thanks to the simple and user-friendly site and application, you can easily make your transactions in Farsi with confidence.
- As you will be notified at every step of the process via SMS and email, you will be fully informed of the process.
- Freeing from the costs of a blocked check or a notary, you can make your sales transaction at a lower cost (70 TL).
- In case of canceling the sale transaction, the money you sent to Takas Bank will be returned to the account you specified during registration.
- You can easily track each step of transactions through the “Status Inquiry” section on taputakas.com.tr.
