Receiving Money from the Buyer: Procedure and Safety Measures
To receive the money from selling an apartment in Turkey safely, the payment procedure is agreed before the documents are submitted. A bank transfer with a clear payment reference is preferable. Before signing, the actual crediting of funds is checked, not just the payment order.
Unless necessary, a representative is not given unlimited authority to manage the money. The transparent option is a transfer to the owner's account at a Turkish bank and independent verification of the payment.
What Documents Prove the Source of Funds
These are usually the official sale contract, the old and new TAPU, a bank statement, a payment order, and receipts. The bank may also request a SWIFT message, a tax return, or proof of tax payment.
How to Transfer Property Sale Proceeds Abroad
A transfer abroad is made from the owner's account at a Turkish bank to their personal account in another country. The bank is provided with documents on the transaction and the source of funds. Restrictions of the recipient's country, limits, fees, and correspondent banks are clarified in advance. The SWIFT transfer is sent after the details are verified.