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Old 17th August 2014, 18:10   #1 (permalink)
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Selling our Duplex in Akbuk - need an honest agent

We are thinking about the possiblity of selling our 3 bedroom Duplex in Akbuk.
Can anyone recommend a good honest estate agent that maybe they have used in Akbuk/Didim?
Thanks.
Oh, and one more thing; stupid as it may sound, how do you determine the final selling price?

Mel

Last edited by beachhhhhhh; 17th August 2014 at 18:25..
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Old 17th August 2014, 19:38   #2 (permalink)
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Re: Selling Home

Sold ours through Lets Akbuk who we found to be good.
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Old 17th August 2014, 20:36   #3 (permalink)
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Re: Selling Home

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Originally Posted by beachhhhhhh View Post
Can anyone recommend a good honest estate agent

Mel
As rare as Rocking Horse S**t.
Hope you get sorted.
Trev.
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Old 17th August 2014, 21:07   #4 (permalink)
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Re: Selling Home

Trev...honest maybe, but not very helpful.

Mel.
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Old 17th August 2014, 21:52   #5 (permalink)
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Re: Selling our Duplex in Akbuk - need an honest agent

Quote:
Originally Posted by beachhhhhhh View Post
...........
Oh, and one more thing; stupid as it may sound, how do you determine the final selling price?

Mel
I always think that is a difficult one and there are a lot of possible solutions or/and combination of solutions, such as, how long is a piece of string!

1. Think about what you paid for it and also add the cost of anything you spent on improvements then work out the total plus inflation and that should be your break-even minimum acceptance price. Then add a figure that you think would be acceptable, that at least should give you a starting price for negotiations.

2. If you can find any like-for-like properties then what's their average asking price.

3. Some properties are valued by the cubic metre, so try to find out if that applies.

There are far more aspects to take into consideration, which is where you need someone who is dealing with this on a daily basis.
Because yes, it is all about getting as much as you can, but also a high asking price might mean the property remains on the market for either a long time or just never sells.
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Old 17th August 2014, 22:03   #6 (permalink)
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Re: Selling our Duplex in Akbuk - need an honest agent

Two options

1 I want to make as much money as possible and want to get ***********

2 When I sell I want to be happy with what I sold for

We always used to say in retail the first loss is the best loss ie if you keep at a high unrealistic price you may have to keep reducing over a long period.AND lost out on all those initial potential buyers and end up having to sell at your "Unhappy price"
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Old 17th August 2014, 22:16   #7 (permalink)
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Re: Selling our Duplex in Akbuk - need an honest agent

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Originally Posted by oldfogy View Post
…. 1. Think about what you paid for it and also add the cost of anything you spent on improvements then work out the total plus inflation and that should be your break-even minimum acceptance price. Then add a figure that you think would be acceptable, that at least should give you a starting price for negotiations…
Fair comment but I think these calculations should be done in TL rather than Euro or GBP or you’ll get an inflated figure.

Then add 5% as a negotiating factor.
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Old 18th August 2014, 09:33   #8 (permalink)
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Re: Selling our Duplex in Akbuk - need an honest agent

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Originally Posted by trevoro View Post
Two options

1 I want to make as much money as possible and want to get ***********

2 When I sell I want to be happy with what I sold for

We always used to say in retail the first loss is the best loss ie if you keep at a high unrealistic price you may have to keep reducing over a long period.AND lost out on all those initial potential buyers and end up having to sell at your "Unhappy price"
Completely agree apart from option 1 lol. We were lucky enough to buy our village house here in TRNC (yes, photo's to follow eventually lol), for a very good price, purely because approx 18 months-2 years ago the owner put it up for sale for over £100k, all the people in the village said it was over priced, then it was reduced and reduced again, then they were really desperate, and needed to sell for health reasons, the owner lived in the Uk, so ended up accepting our further reduced offer. So if you are looking for a quickish sale, put it up for what you are happy to accept, you can always refuse to negotiate a lower price if it is a bargain as buyers wouldn't want to lose it. Good luck. Sue xx
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Old 18th August 2014, 12:51   #9 (permalink)
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Re: Selling our Duplex in Akbuk - need an honest agent

I think there may also be additional problems with initially overpricing a property, which is later each time it gets reduced people who have previously looked at it on a advertisment may start to wonder or think that there may be something wrong with the property, the same also if a property has massive price reduction people again may wonder why the seller can't sell and so keeps reducing the price.

Also another main problem with overpriced property is eventually people who have previously looked at either the advert or even the property itself may not bother looking again and therefore may fail to see that the price has been reduced, obviously over time there will be fewer and fewer people looking than the first initial number of people.
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Old 18th August 2014, 12:56   #10 (permalink)
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Re: Selling our Duplex in Akbuk - need an honest agent

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Originally Posted by suecheshireuk View Post
Completely agree apart from option 1 lol. We were lucky enough to buy our village house here in TRNC (yes, photo's to follow eventually lol), for a very good price, purely because approx 18 months-2 years ago the owner put it up for sale for over £100k, all the people in the village said it was over priced, then it was reduced and reduced again, then they were really desperate, and needed to sell for health reasons, the owner lived in the Uk, so ended up accepting our further reduced offer. So if you are looking for a quickish sale, put it up for what you are happy to accept, you can always refuse to negotiate a lower price if it is a bargain as buyers wouldn't want to lose it. Good luck. Sue xx
Sue
That's what I was trying to say take option 1 then you end up reducing and reducing option 1 for the greedy that end up with less than they wanted .Be happy take option 2 (the first loss being best loss) go for a price that will sell the property and you will be happy banking
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