How to get money from the sale of a house? What should be considered when selling a house?

Receiving money from the sale of a home is a process that must be managed carefully. Obtaining legal advice, reviewing contracts in detail, and executing financial transactions reliably are the keys to a smooth sale. Taking each step correctly and safely increases seller and buyer satisfaction and prevents potential problems.

HOW TO GET MONEY FROM SELLING YOUR HOUSE?

There are three basic methods to receive money from the sale of a house in Turkey:

Money: The buyer gives the money to the seller in cash. This method is the fastest and safest. However, the buyer and seller must be trustworthy.

wire transfer: The buyer transfers the money to the seller’s bank account. This method is a very safe method. However, the transfer process requires some time to complete.

blocked check: The buyer delivers a blocked check to the seller. The seller can cash this check after the title transactions are completed. This method is safe for both the buyer and the seller.

Cash payment

Cash payment is the fastest and safest payment method when selling a house. The buyer gives the money to the seller before the title of the property is transferred. In this method, the buyer and the seller must be trustworthy.

The aspects to consider when paying in cash are:

The money must be fully counted and complete.
The money must not be fake.
The delivery of the money must be made in the presence of a notary.

wire transfer

Bank transfer is a very secure payment method for the sale of homes. The buyer transfers the money to the seller’s bank account. In this method, the bank account numbers of the buyer and the seller must be correct.

The aspects to take into account when paying by bank transfer are the following:

The transfer process requires some time to complete.
It takes time for the transfer to transfer to the recipient’s account.
It is not possible to cancel the transfer.

blocked check

The blocked check is a secure payment method for both the buyer and the seller when selling a home. The buyer delivers a blocked check to the seller. The seller can cash this check after the title transactions are completed.

The aspects to consider when paying with a blocked check are the following:

The check must be available in the seller’s bank account.
The expiration of the check must be after the completion of the transactions in the property registry.
It is not possible to cancel the check.
Payment method selection

THINGS TO CONSIDER WHEN SELLING A HOUSE

There are several important factors to consider during the home selling process. Here are some key points to consider when selling a home:

Prices:
It is important to correctly determine the price of the home. Researching the market value and considering the home’s features can help you set the right price.

Home preparation:
The home must be attractive to potential buyers. If necessary, prepare your home for sale by making adjustments such as painting, repairs or cleaning.

Professional Photography and Promotion:
Well-taken photographs and effective promotional materials can make your home more attractive. Working with a professional photographer can help with this.

Work with a real estate professional:
Working with a real estate professional (real estate agent) can be beneficial in marketing and selling your home. Professionals have market knowledge, client networks and experience.

Document Preparation:
Important documents related to the home, such as the title, zoning status, and property tax, must be complete and up to date. These documents can help you gain the trust of buyers.

Good communication with buyers:
It is important to communicate effectively with interested buyers. Providing quick and clear answers to questions can increase buyer confidence.

Price Discount and Trading Strategy:
You need to be flexible when it comes to price reductions. Also, prepare for negotiations with buyers.

Financial planning:
Proceeds from sales affect the financial situation after the home is sold. Make a financial plan considering how you will use the proceeds from your sales.

Property taxes and fees:
Be informed about the taxes and fees derived from the sale of the house. It may be helpful to get help from a tax advisor in this matter.

Legal support:
It is important to get help with legal issues during the selling process. A lawyer can help you keep track of sales transactions and avoid legal complications.