English
Turkish
Other
Teklif (Offer) – Understanding the Term in Turkish Real Estate
Teklif (pronounced tek-leef) is a Turkish noun meaning offer in English. In the context of Turkish real estate, it refers to a formal or informal proposal made by a buyer to a seller, indicating the price and conditions under which they are willing to purchase a property.
A teklif can be verbal or written, though written offers are more common in formal transactions. It typically includes the proposed purchase price, payment terms, and any additional conditions (e.g., completion timeline, included furnishings, or contingencies). Once submitted, the seller may accept, reject, or counter the teklif with revised terms.
In Turkey, a teklif does not legally bind either party until a formal sales contract (satış sözleşmesi) is signed and a deposit (often called kaparo) is paid. The term is widely used in negotiations for residential, commercial, and land purchases.
| Turkish Synonyms | English Synonyms |
|---|---|
| Fiyat teklifi | Price offer |
| Öneri | Proposal |
| Satın alma teklifi | Purchase offer |
| Piyasa teklifi | Market offer |
| Müzakere teklifi | Negotiation offer |
| Resmi teklif | Formal offer |
A formal purchase offer in Turkey.
'Teklif' translates to 'offer' in English. In Turkish real estate, it refers to a formal, often written proposal submitted by a buyer to a seller. It outlines the proposed purchase price and key terms. This step typically precedes negotiations and contract signing.
No, unless accepted and formalized.
A 'teklif' is not legally binding by itself. It becomes binding only after the seller accepts it and both parties sign a preliminary or final sales contract. Until then, either party can withdraw without legal consequences.
Written or verbal, but written is preferred.
A 'teklif' can be submitted verbally or in writing. However, written offers are more common and recommended. They often include the proposed price, payment terms, and any conditions (e.g., financing approval). Real estate agents typically assist in drafting formal offers.
Price, terms, and conditions are essential.
A well-structured 'teklif' should include the proposed purchase price, payment method (cash, installments, etc.), timeline for completion, and any conditions (e.g., mortgage approval, property inspection). Buyer and seller details, along with property specifics, are also standard.
Yes, sellers can reject or counter offers.
Sellers in Turkey have the right to reject any 'teklif' without obligation. They may also respond with a counteroffer, adjusting the price or terms. Negotiations continue until both parties agree or the buyer withdraws.
Contract signing and deposit follow.
Once a 'teklif' is accepted, the next steps typically include signing a preliminary sales agreement (often called a 'satış vaadi sözleşmesi') and paying a deposit (usually 5-10% of the price). This secures the deal before the final contract and title transfer.
Not required but highly recommended.
Foreigners are not legally required to hire a lawyer to submit a 'teklif'. However, legal assistance ensures the offer complies with Turkish laws, protects buyer interests, and clarifies tax or residency implications tied to the purchase.
Typically 7-30 days, unless specified.
The validity of a 'teklif' depends on the terms set by the buyer. Common periods range from 7 to 30 days. If no deadline is stated, Turkish practice often assumes a reasonable timeframe (e.g., 14 days). Sellers may request extensions or reject expired offers.
Yes, conditions are common in offers.
Buyers can include conditions in a 'teklif', such as mortgage approval, property inspection, or sale of another property. These must be clearly stated. If conditions aren’t met, the buyer can withdraw without penalty, provided the 'teklif' specifies this.
'Teklif' is an offer; 'satış vaadi' is a promise to sell.
'Teklif' is an initial offer to buy, while 'satış vaadi sözleşmesi' (promise to sell agreement) is a legally binding preliminary contract signed after the offer is accepted. The 'satış vaadi' outlines obligations, penalties, and the timeline for the final sale.
