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Old 10th November 2005, 17:01   #1 (permalink)
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Is it time to start a new pricing regime?

Many of the posts we see on the forum are from members who have purchased properties but are unaware of the full costs involved to completion.

Sometimes these costs escalate.

I dont see the problem selling a property to a customer with all completion costs they would normally incur included in the same sale price.

Its worked for me over the past couple of months, I now offer a sale price where we pick up all the property transfer costs to Tapu and the customer just pays their solicitor thereby maintaining independent advice.

Any thoughts?

Merv!
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Old 10th November 2005, 17:09   #2 (permalink)
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Re: Is it time to start a new pricing regime?

Yes thats a very good idea Merv
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Old 10th November 2005, 17:16   #3 (permalink)
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Re: Is it time to start a new pricing regime?

That sounds great, one thing seeing a property for 30k but then start totting up and you are heading for 33-35K 1st timers to purchasing in Turkey are not always aware of this. So well done and totally agree.
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Old 10th November 2005, 17:25   #4 (permalink)
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Re: Is it time to start a new pricing regime?

Could I possibly suggest that prices are in YTL not Sterling as that can also lead to a bad taste in the purchasers mouth, through no fault of the Estate agent due to currency fluctuations... Oh yes the other thing with this is I have yet to find an estate agent who lowers the price due to the strenghthening against the YTL ;-)
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Old 10th November 2005, 18:17   #5 (permalink)
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Re: Is it time to start a new pricing regime?

Sounds good Merv.

But as Marc said, when you are in Turkey on holiday you tend not to worry to much about the currency fluctuations and roughly work on 10tyl is 4, but when buying property it can be a vast difference, how far out is it when you say spend 100k lira, how close is that to 40000?.

I know at the moment they wont except a 100tyl for my 40 site fee's as they now say that it is not enough.

Brian
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Old 10th November 2005, 18:19   #6 (permalink)
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Re: Is it time to start a new pricing regime?

sorry other way round the wont except 40 for the 100tyl fee
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Old 10th November 2005, 18:46   #7 (permalink)
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Re: Is it time to start a new pricing regime?

Brian,you have got to balance that with the fact that the pound isn't two and a half ytl to the pound,it was 2.3ytl to the pound a few weeks ago,when we were there,a difference of 8ytl to 40,in other words the 40 is only worth 92YTL. Another Brian.
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Old 11th November 2005, 09:01   #8 (permalink)
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Re: Is it time to start a new pricing regime?

Merv for me personally, I would have preferred the way you are now doing it as we seemd to be paying out money and at one stage we had to stop and take a good look at what we had paid for and what was still to come, it was a pain in the ****. We got ripped off for a couple of grand as well not by our estate agent (he was great) by someone else Long story, it won't happen again
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Old 11th November 2005, 09:14   #9 (permalink)
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Re: Is it time to start a new pricing regime?

I think the all-in price is a great way to go but i think it needs to be in local currency otherwise you may have to build in a fluctuation factor. Also if the property is being advertised elsewhere then it may make you look less attractive (more expensive) so maybe you advertise the selling price and then put in brackets the all in price or other way around.

I'm all for transparency and as a 1st time buyer in turkey i too was shocked by the amount of extras.
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Old 11th November 2005, 09:18   #10 (permalink)
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Re: Is it time to start a new pricing regime?

Merlin we are very careful to explain the additional cost to the purchasers, also when we do the electric and water connections etc for a client they get the receipt for them so they know exactly how much it comes to and also know that we arent adding anything ontop. some agents charge for doing these things WE DONT as we feel that is part of the job we should be doing to earn our commision.
Marc İ fully understand what you are saying about currency fluctuations but again on my web if the seller ask for YTL then thats the price thats on the website first under the description, then we put the GBP or Euro price with approx behind it. thus if the seller ask for say Euros and the pound strengthens against the Euro its the customer that gains not us.
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