METHODS OF PAYMENT WHEN BUYING REAL ESTATE IN TURKEY


Today we want to talk about methods of paying for real estate in Turkey remotely and ,in particular, draw attention to the rapid development of cryptocurrency use and the possibilities of using it to purchase a property in Turkey.

How do you usually pay for real estate?

Until now, there were literally several options available:

  • Bank transfer
  • Instant money transfer systems
  • Cash payment

Let's look at each of the methods separately:

International bank transfer

It's called SWIFT. It is carried out at the bank, some banks provide this service at Internet banking. To make such a transfer, you need to indicate the bank details of the recipient (seller): his account number, full name, IBAN code, bank details. If you are a client of the bank from which you are making the transfer, then you can immediately transfer satisfied large amounts, tens of thousands of dollars or euros. Our clients have repeatedly transferred up to 150 000 in one-time in foreign currency. If you are not a client of the sender's bank, then the maximum amount for sending is limited, varies from bank to bank, but exactly up to 10 000 in foreign currency. One of conditions for sending a SWIFT transfer is to indicate the purpose of the payment. To do this, you will need to provide your contract of purchase and sale for the apartment, the payment for which you want to transfer. The amount of commission for sending in different banks varies and depends on the number of intermediary banks through which the bank transfer will pass. Only the bank itself will give you accurate information about the commission, usually this amount does not exceed 3%. Usually it takes 5 working days.

Pros of bank transfer:

  •  relatively low commission
  •  ability to send large sums one time

Cons of bank transfer:

  • can sometimes take a long time  for receiving funds
  • many banks find fault with every letter in the contract and demand to redo it
  • the bank may refuse to carry out the transfer without specifying the reasons
  • sometimes the transfer does not go through and is returned to the sender, and the bank has the right not to indicate the reasons for canceling the operation. However  the commission is still charged
  • if during the transfer an error was made in the recipient's data and it did not go through, or if the bank itself for some reason did not pass the transfer, then the refund also takes several working days

 Unfortunately, we are increasingly faced with situations where transfers do not go through  for unexplained reasons, they return and people lose time, money and nerves.  Also, the conditions for transferring funds abroad from the CIS countries are getting tougher and more complicated from year to year.

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Instant money transfer systems

Western Union, Uni Stream, Money Gram, Golden Crown and many others. To send such a transfer, you just need to come to the point of departure (you can find addresses on the official websites) or use the mobile application (for many of the listed systems they have already been developed), indicate the Recipient's Data (Name, surname, phone number, city and country of departure, sometimes data passport) and the amount of the transfer. Money transfers of this kind are carried out almost instantly, within a day at most. But the commission is higher than that of a bank transfer, for different systems from 2% - 5% of the transfer amount. The transfer amount is limited. For the same Western union - this is no more than 4 000  in foreign currency one-time, and this is the limit for sending from one person within a whole month!  More convenient in terms of the limits and size of the commission are the golden crown, intel express 

Pros:

  •  instant send and receive
  •  there is no need to confirm the purpose of the payment
  • convenience of sending
  • the seller receives funds in cash

Cons:

  •  higher commission
  •  restrictions on the amount of sending and receiving
  •  cash payment

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The more you can pay in cash, the less you overpay for sending funds. When paying in cash, you will definitely receive a receipt, confirmation of payment, therefore it is absolutely safe. You can bring funds with you and declare them, you can bring with you the maximum allowed amount that is not subject to declaration, you can even send funds with your relatives or friends who are going on vacation to our city, we will help you meet them, collect payment and we will provide them with a receipt of receipt of funds.

Pros:

  •  no commission for sending
  • easy to transfer

Cons:

  • it is not always possible to come and bring money in person or transfer
  • it is not always possible to declare funds, and the amount may exceed the maximum allowed for carriage without a declaration

Considering all the difficulties that many of our clients are experiencing with transferring funds for the selected property in Turkey, we decided to meet you halfway and use new and proven technologies, and now Ataberk Estate, the first on the real estate market in Antalya, accepts payments for real estate in Cryptocurrency, and exactly in bitcoins! Moreover, you can pay in this way not only for a specific offer, but for any property presented on our website! How? We convert the sales value into bitcoins, you make a transfer to our electronic wallet, we transfer this amount into currency and transfer the payment to the seller, of course, confirming this action with a receipt for payment.

Those who are well versed in modern technologies and trends and actively use cryptocurrency will appreciate this opportunity. After all, it is convenient, safe and fast. You can send a payment from anywhere in the World without being tied to any banks or other money transfer systems, without overpaying, and without providing information for making a payment.

Ataberk Group is always one step ahead, we have not only the most complete and up-to-date database of real estate properties in the most popular cities of Turkey at the best price, but also the most advanced services and opportunities for our clients, now it is also the use of cryptocurrency!

Everything for your convenience and to provide the best service.

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