Sellingpropertyin Bogenhausen – selling an apartment, apartment building or your own property. Alongside the districts of Altstadt, Schwabing, Maxvorstadt and Lehel, Bogenhausen is one of the most attractive places to live in Munich. You want to sell your property here? Here you will find everything you need to know – from property valuation to the sales process. We also answer the question: sell your property privately or with an estate agent? And what you should pay attention to – Welcome to Bogenhausen! Back to overview: Selling property in Munich.
Bogenhausen: Upscale district in the north-east of Munich
With around 4,800 inhabitants per square kilometre, the Bavarian metropolis is one of the most densely populated cities in Germany. More and more people want to live in the Bavarian metropolis. Not only the proximity to the Alps the neighboring country Austria make Munich an attractive place to live, but also the high standard of living, the booming economy and the low unemployment rate. While Bavaria’s breathtaking architecture invites you to marvel, you can wind down after work in one of the many parks with a cold beer or relax after a long day at work in one of the countless traditional coffee houses.
Bogenhausen: Map and location
The famous Bogenhausen district is located in the north-east of Munich and is thus somewhat removed from the hustle and bustle of the turbulent city centre. However, the popular districts of Lehel, Neuhausen-Nymphenburg and the historic old town are not far away by car.
Sell real estate: Apartment, house, apartment building
Selling real estate is always time-consuming and requires a lot of planning, as well as patience. For a successful and quick sale, you also need a lot of know-how, negotiation skills and sales talent. So you can choose a real estate agent who will not only advise you on taxes and finances when selling real estate, but will also guide you through the entire selling process. Thus, a good real estate agent is not unfamiliar with the real estate prices in Munich and also knows about the topics of appreciation, renovation and refurbishment.
So you want to sell your property? The first step is always the property valuation:
Real estate valuation: Valuation for the sale of real estate
You want to buy a property somewhere else? Or you want to sell your current property now in order to buy an apartment building that you can then rent out lucratively? Even if time is short – you should always take the property valuation seriously. After all, this is where the purchase price of your property is determined and so mistakes should be avoided here at all costs. In addition to the location of the property, year of construction and equipment, as well as house type or apartment type influence the purchase price.
Learn more here:
Selling real estate in Bogenhausen: privately or through an estate agent?
No matter what part of Bogenhauen you live in, when it comes to selling your property, you are faced with a fundamental question. Of course, you can sell the house or your condo privately commission-free. The stress-free, convenient alternative is to hire a real estate agent. The demand for living space in Munich is enormous. Therefore, your offer will immediately meet with numerous interested parties and appeal to potential owners. If you are selling privately, the tasks involved in preparing and carrying out the sale take up a lot of time. You should also not underestimate the cost factor, as a market value appraisal alone costs an average of 1,000 euros.
Selling real estate in Bogenhausen: privately or with an estate agent?
Whether it’s an exclusive bungalow in Bogenhausen, a spacious loft or a luxurious detached house in one of Munich’s most expensive streets – as a rule, a house or condominium is the most expensive possession you own. Only a few owners have the necessary know-how and negotiating skills that make the difference between success and loss when selling real estate. So here the question of all questions arises: Private sale or real estate agent?
Statistics: Buying an apartment without an estate agent in German cities – comparison
You want to buy an apartment building, a flat or a plot of land? Without a real estate agent, the whole thing turns out to be much more difficult than you thought. After all, experienced real estate agents are not only familiar with the housing market, but also with the topics of finance and taxes.
See here the share of condominiums advertised by real estate agents in 2016. The Germany-wide comparison shows: Buying an apartment without an estate agent is not possible, but it is still more difficult than buying with an estate agent:
- Berlin: 78.6%
- Cologne: 63.0%
- Munich: 55.02
Tasks of a real estate agent: viewing appointments, negotiations & Co.
A real estate agent not only accompanies you from the property valuation to the final purchase transaction, he also advises you on the topics of taxes and finances. An experienced real estate agent not only knows the current market, real estate prices and demand, but also has a lot of sales talent and persuasive power. So the tasks are many and varied.
Here’s an overview:
- Valuation of the property
- Marketing the property online & offline
- Acquisition of important documents
- Preparation of the exposé
- Viewing dates
- Purchase Negotiation
- Credit check
- Processing & purchase contract
Mistake in the private sale of real estate: missing documents
Most real estate sellers underestimate the sales process. They calculate far too little time, underestimate the effort and often forget the most important documents. Most also lack negotiating skills and sales talent. After all, most prospective buyers not only try to push the price down, they also want to see all the important documents in advance and experience a professional viewing.
In any case, you should always have the following documents ready:
- Energy certificate
- Floor plan
- Land register excerpt
- Site plan
- Bills from renovations, remodeling, architect & co.
Valuing real estate: Apartment, land & apartment building
A competent real estate agent will also assist you with his expertise in real estate valuation! The fact is that the market value assessment for your Bogenhausen property is the basis for the asking price. The market value is not based solely on the pure material value of the house or apartment. For example, the location in which you would like to sell a property is decisive for the offer price.
It’s location, location, location!
Also the equipment and the respective demand at the property location are relevant factors, if it concerns the market value and thus your highest possible offer price.
The most important factors in real estate valuation include:
- Proximity to schools, hospitals and cultural activities
- Year of manufacture
Procedure: planning, implementation & execution
Selling real estate always requires a lot of time and planning. But it pays off in the end. Whether Neuhausen-Nymphenburg, Lehel, Munich’s old town or Bogenhausen – if you want to sell a property in Munich, the sales process is very similar in most cases. Find out here how a property sale works and which documents you need.
Preparation: Documents & Pictures
Before entering the actual sales phase, the house sale must be prepared in detail. Extracts from the land register, the cadastral map, property-related documents such as the floor plan and attractive pictures, as well as professional descriptions characterise a good exposé. The preparation phase is one of the most time-consuming and cost-intensive measures in the entire process of selling a house. If you are offering a condominium, additional factors come into play and increase the time required for preparation.
The preparation phase is one of the most time-consuming and cost-intensive measures in the entire process of selling a house.
Here are the most important documents:
- Land Register
- Parcel map
- Floor plan
- Attractive pictures
- Professional descriptions
Sales phase: viewing appointments, notary & Co.
Once the purchase price has been set, the marketing of the property can now begin. This can be done either online or offline. If the prospective buyers then contact the real estate agent, the viewing can begin. Here the first purchase negotiations already take place. Once a buyer has been found, his or her creditworthiness must be checked before the final meeting with the notary takes place.
Here is a summary of the real estate sale process:
- Marketing of the property
- Purchase Negotiation
- Credit check
- Processing & purchase contract
Credit check on prospective buyers: Broker recommendation simplifies your decision
Is there a potential buyer or does the financing fail? Anyone selling a house in Munich for the first time will be concerned about this point in particular. Without a professional check of the self-disclosure, the Schufa and the financing confirmation of the bank, a decision is difficult to make.
It is difficult to make a decision without verifying the buyer
When you hire a realtor, you can rely on a detailed credit check and be sure that you are making a good decision by recommending a buyer. A competent broker offers you the advantage of selling in an all-round carefree package and fulfilling your desire for a new house or a move to another city without a long wait.
Munich: Real Estate in Bavaria
Munich is the most populous city in Bavaria and the third largest municipality in Germany. With around 4,800 inhabitants per square kilometre, the Bavarian metropolis is also the most densely populated municipality in Germany. The figures confirm the population growth. More and more people want to live in the Bavarian metropolis. The proximity to the Alps and neighbouring Austria make Munich very attractive.
Real estate in Munich
Munich counts itself as one of the economic metropolises of Germany. It is also famous for its high quality of life and the surrounding nature. Skiing in the Alps or hiking, as well as countless lakes for summer activities are in the immediate vicinity, not to mention the Italian coast in the south.
Living in Munich: Popular districts & residential areas
In no other German city is housing as expensive as here. Experts agree that a property in Munich in the right neighbourhood is a safe investment. But what does ‘right location’ mean in Munich and what kind of investment should one expect to make in order to buy a decent apartment or a luxurious house in the capital of Bavaria? We answer these questions here! To the overview: Living in Munich
- Lake Starnberg
Sell, buy and live in Munich
More and more people want to live in the Bavarian metropolis. The proximity to the Alps and the neighbouring country Austria make Munich very attractive and also the individual districts have a lot to offer. While Lehel and the old town convince with their historical charm, the residential areas of Bogenhausen and Schwabing inspire with their variety of well-kept green spaces and parks. The vibrant Maxvorstadt and the elegant Nymphenburg are also among the most attractive places to live in Munich. Do you want to sell your apartment, your apartment building or your own property here? With our free guides on selling real estate in Munich, you are well prepared. To the overview: Selling real estate in Munich.