Selling Property in Turkey Guide

Updated For 2021

Reselling you Kalkan property can be quite a new experience for many Kalkan property owners. Over time some of the processes of the sale have changed in particularly the timescale’s and paperwork involved. Many current Kalkan property owners purchased without the use of an independent lawyer. When it comes to resale they are therefore in the dark about the expectations of today’s’ buyers and proper process.

So when you choose to sell your property with us we will also hold your hand throughout the sales process to ensure it all goes smoothly. If you wish to talk to us about selling your Kalkan property please provide us with this information so we can expedite your request:

  • Your name and contact telephone number
  • Scanned copy of the deeds/Tapu
  • Details of the key holder in Kalkan
  • Link to any website where you may be renting the property out or already selling with another agency.

We will then arrange to view your property and give you a market valuation along with a detailed breakdown on the estimated sales costs. With this knowledge of your estimated net sale proceeds we will agree on the correct price to put your property on the market.

So what are the sales costs? Essentially:

  • 2% Agency fees (and additional 1% is charged if you give us power of attorney to represent you in the sale)
  • 2% Seller’s property transfer tax
  • Miscellaneous Notary, Council and Banking Fees
  • NEW: Independent property valuation report (1750TL + KDV)

We do not insist on sole agency nor do we have a sign on fee. If you do not have suitable photography this will be done for you.

What Else Should You Know About Selling?

If you have owned your property for a short time you may be liable to Turkish Capital Gains Tax   especially now the new property valuation report system has been introduced. We can advise if this is the case and the implication it may have to you selling.

A key difference in the sales process compared to many other countries is that you will receive payments from the buyer/buyers account direct and gross of all sales costs. Money is not paid via the lawyer or agent with expenses deducted before being forwarded to you. So when it comes to the completion date you will therefore have to send your sales expenses to Kalkan in advance and these will be paid out either by you in person or your legal representative – usually with a Power of attorney for a bank account in your name opened for this purpose. As a minimum deposit of 10% will have be lodged with you at contract you should have the funds available from this for the payment.

At completion you must have property insurance including DASK insurance. All your council taxes, water and electric accounts must be paid up to date as well as any site fees where you have shared facilities.

If you are renting your property whilst trying to resell it we can advise how best to handle your bookings and the transfer of the business side of the property at the sale.

So Why Choose Black Lion To Resell Your Kalkan Property?

  • We have a long established history in the Kalkan market and can give you a realistic assessment of the sales price and sales potential of your property.
  • We only take property on our books which we believe we can sell at a price pre agreed between you and us with fore disclosed sales costs.
  • We are the only Kalkan estate agent who is a member of AIPP with recourse to our associations for added peace of mind and protection. We are also members of the TBCCI.
  • We vet our buyers before property viewing’s – especially before viewing holiday rental property with resident guests.
  • We vet our buyers at the offer stage to ensure that the sale will go successfully to contract and through to completion.  We will not waste your time with unsubstantiated offers or remove your property from sale only to find the buyer drops out 2 months later.
  • We can arrange remote power of attorney if needed and oversee the preparation of all the sales documentation on your behalf.
  • We have access to many marketing channels into the UK and abroad to promote your property and access to PR from a number of established magazines and publications.

So why wait? Contact us today for a property appraisal!