Selling My Dream!
Posted 05 October 2007 - 09:43 AM
She is 30 and has just finished a degree in criminology and i am proud of her. Nevertheless its so hard to get on the property ladder on one income but lucky her, she has found a repossession , a 3 bed house for £91.000.
TODAY SHE SIGNED THE PAPERS ...............
So now I am off to Turkey (Alanya) (sunday) to see if i can get the ball rolling and sell up quick
I have sold 3 properties before without any problem, but i sold them while i was there to Turks without agents being involved, this time i wont be there to deal with the sale. I had a friend who was an accountant and translator who helped me but he has moved abroad now. Can anyone advise me on certain details such as:
I don't want to hand over power of attorney i want to be there when main money passes hands.
Can i advertise with more than one agent? Do you know of any agents who will sell resale properties who are based in or near Alanya?
There is so much more but i cant seem to think at the moment.
Posted 05 October 2007 - 01:57 PM
A good agent should be able to advise you on the types of things you were asking - I'll keep out of that !
Very good luck with your mission !
Posted 06 October 2007 - 07:45 PM
Posted 07 October 2007 - 01:46 PM
You might ask Lozengelegend at least one of those questions... she mods the Altinkum forum and she's a real estate agent who is very helpful to members here.
Hi Meral. I did visit the sites but unfortunately my Turkish is very very "Pigeon".lol so most of it i cant understand, but thank you anyway.
Thanks Ben but i am just on the verge of leaving for the airport now so i suppose i will just have to trust in my own judgments and instinct.
It looks like i will be spending Bayram with Turkish friends at last!! One thing i hate about Bayram in Turkey is that early in the morning you can hear the sheep and goats bleating. It is as if they know they will be dinner on that day
See you when i get back.
Posted 18 November 2007 - 05:15 PM
A bit like turkeys at Christmas then...
One thing i hate about Bayram in Turkey is that early in the morning you can hear the sheep and goats bleating. It is as if they know they will be dinner on that day
How did you get on with your sale Rozzici? Can you tell us about how it went?
For the benefit of other readers I will try to answer some of your questions here, it'll be interesting to see how it compares with your experiences!
1. Can I advertise with more than one agent?
Yes, you can advertise with as many agents as you like, as long as none of them ask you to sign an exclusivity contract which will entitle them to commission on your property when it sells, even if you sell it yourself! This isn't common practice, at least in the Didim area, but was covered a little while ago by the lawyer who writes in Today's Zaman. Most agents here work on a no sell, no fee basis though.
2. Do you know of any agents who will sell resale properties who are based in or near Alanya?
Er.... no, not personally, sorry! But we handle resale properties in Altinkum and Didim, as do most agents who aren't directly tied to a developer. Resale properties can often have many advantages over new builds, for example they are often in some of the best locations! They have also usually been "worn in" and the teething problems that are inevitable with a new build have been fixed.
3. I don't want to hand over power of attorney i want to be there when main money passes hands
That's fine, but it can be a logistical problem if you aren't planning to stay in Turkey! A power of attorney is usually used to allow your legally appointed representative to sign over ownership of your property on your behalf at the title deeds office. A Turkish citizen can go straight to the title deeds office and take ownership of the property immediately, as you will know from your own previous selling experience, so in that case you will need to be prepared to get on a plane ASAP to sign over your property and receive your money. However many Turkish owners of property in holiday areas live in other parts of Turkey and would have to do the same thing anyway, so this shouldn't be a big obstacle.
A foreigner will have to wait until they have clearance to complete the purchase of the property and the problem in Didim is that it can take months! You might need to set up a limited power of attorney to allow your agent to learn when the title deeds are ready to be signed over, and then you and the buyer could arrange a time to both come over and complete the sale.
The main points to note about delays in completing a sale are: the purchasing tax is only due when the title deeds are signed over; the utilities can only be signed over when the title deeds are signed over; the 5 year capital gains tax countdown only starts when the title deeds are signed over. It is mainly to your advantage to complete the sale as quickly as possible once you and the buyer are agreed.