Costs Associated with Selling Property in North Cyprus
When selling Property in North Cyprus, it’s important to be aware of the costs that may be involved in the process. While Kyrenia365 ensures a seamless selling experience, it’s crucial to consider the following potential expenses:
- Legal Fees: Selling your property involves engaging the services of a solicitor to manage the intricate process of transferring ownership. The solicitor handles important legal aspects, including preparing the necessary documentation, facilitating the completion of contracts, and ensuring a smooth transition of property rights. It is essential to budget for the associated legal fees, which typically range around 1500 GBP.
- Capital Gains Tax: The tax implications when selling property in North Cyprus depend on various factors, such as the size of the land and the number of properties you have sold. Typically it’s 2.8% however, private individuals selling a property not exceeding 1 donum may be eligible for a tax-free sale option, thanks to the once-in-a-lifetime exemption, one for land and one for a property. On the other hand, professional vendors are subject to capital gains tax on every sale at a rate of 4.7%.
- Real Estate Agent Fee: At Kyrenia365, we offer competitive commission rates for selling your property. Our international marketing expertise ensures a higher selling price and faster transactions compared to local agencies. We assess and agree upon the commission percentage individually, taking into account your specific needs and goals. Additionally, opting for a sole agency agreement allows us to discuss a lower sales commission percentage.
Why Sell with Kyrenia365?
When choosing Kyrenia365 as your selling partner, you benefit from our unparalleled expertise, extensive marketing reach, and personalized approach. Here’s why you should sell your property with us:
- FREE Property Valuation: Our experienced team provides a thorough and honest property valuation based on current market conditions, recent comparable sales, and unique property features.
- Professional Marketing Materials:
- Property Styling and Staging: We expertly stage your property to create an inviting and appealing atmosphere.
- Professional Visuals: High-quality photography and videos highlight your property’s features.
- 360 Virtual Tour: Immersive virtual tours allow potential buyers to explore your property remotely.
- Drone Footage: Captivating aerial perspectives showcase your property from unique angles.
- Extensive International Marketing: We leverage partnerships with international agents to promote your property globally.
- Strategic Ad Campaigns: Targeted campaigns reach a wider audience, increasing visibility and generating inquiries.
- Exclusive Client Database: Your property is marketed to our exclusive database of potential buyers.
- Local Partnerships: We collaborate with a network of agents in North Cyprus, expanding your property’s reach.
- Priority and Availability: Your property receives top priority for a faster sale. Our team is always available to provide exceptional customer service and guidance throughout the entire sales process.
Please note that while all the mentioned services are available for FREE under a sole agent agreement, in the case of a general agreement, extra fees may be applied.
To learn more about selling your property with Kyrenia365, contact us today at +90 533 833 6941 or email us at contact@kyrenia365.com. Our team will be delighted to provide you with a free valuation and discuss how we can assist you in achieving a successful sale.
