Deed Trusted Account
Deed Trusted Account is in Albaraka, which allows you to securely buy and sell real estate such as housing and land!
What is Deed Trusted Account System?
Deed Trusted Account is an assurance and convenience that we offer to buyers and sellers so that all real estate transactions such as housing and land can be carried out securely.
The Deed Trusted Account system, which was put into service with the agreement between the General Directorate of Land Registry and Cadastre and Albaraka Türk Participation Bank, works with an integrated system with all title deed offices.
How Does Deed Trusted Account Work?
The process takes place in four stages:
- The seller enters the e-payment receipt number obtained from the Land Registry Office and the necessary information from the Albaraka Internet Branch into the system.
- The buyer approves the transaction via Albaraka Internet Branch with the reference number sent to his mobile phone.
- Real estate and commission fees are automatically transferred to Albaraka's safe account.
- When the transfer is completed at the Land Registry Office, the real estate value in the Albaraka's safe account is automatically transferred to the seller.
What are the Advantages of Deed Trusted Account?
- As a buyer or seller who has an account in Albaraka Türk Participation Bank, you can perform the deed transfer and the transfer of the real estate value simultaneously and securely, with the integration of the General Directorate of Land Registry and Cadastre.
- Your risk of carrying cash is eliminated and you can perform your real estate purchase and sale transactions quickly and safely
If you are not yet an Albaraka customer, you can become our customer with a video call and join the advantageous world of Albaraka to make your real estate purchases and sales transactions securely without having to carry cash, with the Deed Trusted Account!
Frequently Asked Questions
Who can use the Deed Trusted Account System?
All Albaraka customers who want to buy and sell real estate securely can use the Deed Trusted Account system
Through which channels can I perform the Deed Trusted Account System?
This system is only available on Albaraka Internet Branch for now.
Are costs/commissions paid for transactions?
If the system is used, a fee of 70 TL is collected from the buyers and sellers regardless of the sales price. This amount is not refundable even if the transaction is not completed at the land registry office.
How long should the transfer process take?
The buyer and the seller can cancel the transaction as long as the transactions are not realized in the Land Registry even if the money has been sent. If no action is taken on the title deed within 30 days following the application for the sale, the transaction is automatically canceled.
When is the real estate value transferred to the seller's account?
After the transaction is completed at the Land Registry Offices, the real estate sales price in the Albaraka's safe account is automatically transferred to the seller's account.
How can the process be monitored?
All information regarding the transaction can be monitored through Albaraka Internet Branch and our Corporate Web Site. In addition, at each step of the process, the parties are informed via SMS.
Is it possible to cancel the transaction?
The buyer and the seller can cancel the transaction through Albaraka Internet Branch until they complete the transaction on the title deed. In addition, if the transactions are not concluded within 30 days following the application of the buyer and the seller, the transaction will be canceled automatically.
When is the real estate value returned to the buyer's account in cases where the transfer is not made?
If the transfer is not performed, the system will be automatically canceled by the system and the amount will be returned to the buyer's account at the same time.
Can multiple purchases be made?
Multiple purchases can also be made through this system. All buyers must enter the Albaraka Internet Branch and give their approval about the sale price of all buyers must be their own sale price only separately.