Are you ready to sell your property in Turkey ? Perhaps you want to upgrade to a bigger Turkish home. This concise guide to selling costs will give you an overview of everything you need to know.
Property sale in Alanya can be a complex process, and is highly regulated, which is why it’s so important to be fully equipped with all of the right knowledge and information in advance.
THE COSTS INVOLVED IN SELLING PROPERTY IN TURKEY
One of the main questions that most people have when it comes to selling a property in Turkey is ‘how much will it cost’. The first fee that you will need to consider is your Estate Agency fee: with the average fee in the Alanya sitting at 3 percent, plus (which is what it will cost if you choose to work with the local experts at Alanya Vip Property ). The good news though is that you do not have to pay these fees up front: your agent will take their free from your sale price, which means that you won’t have to pay a penny of your estate agency fees until we’ve done our job!
SECURE SERVICES OF A GOOD LAWYER
You’ll also need to secure the services of a lawyer to take care of the paperwork and advise you on all of the stages of the selling process. For a whole sale service such as this, the average fee you can expect to pay is 1% on the sale price, however this figure could be higher or lower if the lawyer you choose applies a minimum or maximum service charge. If you choose to sell your home then we would advise that you secure the services of a lawyer at the earliest possible stage, and that is something we are more than happy to help with, as we work with a hand selected panel of excellent lawyers.
If you have a mortgage on your property, or have ever had a mortgage on your property, then you will also have a budget for any mortgage cancellation costs. The mortgage details need to be removed from the property registry before the property can be sold, and there is a charge associated with this process
If you’re selling a property in Turkey then it’s important to consider the tax implications of this decision. There are two main taxes that you will generally be expected to pay.
CAPITAL GAINS TAX
Capital Gains Tax , is a tax that is paid based on the value of the profit you make when you sell you property.
LET US HELP YOU TO SELL YOUR ALANYA PROPERTY QUICKLY
If you’re thinking of selling your home and would like to find out more about the expert services we can offer to make the process as easy and painless and possible, then why not get in touch with our local property experts today.
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