If you are ready to sell your property or land in Turkey then the first thing you need to do is to use the services of a reputable agent to sell on your behalf. The chances are you may not live in Turkey so therefore you are not available for viewings etc and this can prove difficult for potential buyers.
You want to be able to hand over your keys of your property to a trusted and well-respected agent like us. The sale can be handled from Turkey and you will be consulted as and when any potential buyer makes an offer for your property. You can then liaise with the agent who will act on your behalf during any negotiations. By using a good agent they will market your property not only in Turkey but throughout the world so it is important to ask any agents who they advertise with and where? Good agents may charge a sign on fee and this will go towards the marketing of your property, it’s worth paying this fee so your property has maximum coverage.
When you authorise the services of an agent they will ask for relevant documents that you are indeed the owner of the property you want to sell. You will be asked for a copy of the Tapu (Title Deeds) to prove ownership; hopefully, the Tapu will incorporate the Iskan (which is the Building Permission or Habitation Licence) If not then a separate Iskan can be asked for. Once the documents are inspected and all is approved the agent will suggest a realistic market price in conjunction with what you hope to sell for.
It is advised to appoint Power of Attorney (POA) to a local lawyer in Turkey and the agent will be able to advise you of a reliable independent lawyer who will act on your behalf during the sale of your property. If possible if you can be in Turkey on the day of completion you will have peace of mind that the sale has gone through.
The sales tax is usually met by the buyer and once the property is sold you will pay a 3% commission fee which is the standard fee throughout Turkey at this present time. It is imperative for you to pay any outstanding fees owed on maintenance for example if your property is on a complex. You will also need to close your accounts for electric and water fees. If you have owned your property for at least 5 years you will not be liable for income tax.
Selling your Turkish property can seem daunting however instructing the services of a good agent will take all the stress and worry away from you. The coverage by an agent will reach far and wide via sources such as Rightmove and the Daily Newspapers including the National Turkish Press, reaching a wide audience. When searching for a reputable agent, look at trusted websites and ask for any recommendations and testimonials. Good luck!