Sell apartment Cologne-Riehl: property, land, procedure

Selling an apartment in Cologne-Riehl – Find out everything you need to know about selling an apartment in the upscale Riehl district of Cologne. From the prices per square meter in Rhiel to the process of selling an apartment to the entry in the land register, with our guide you are well prepared for a successful apartment sale. In addition: The tasks of a real estate agent at a glance and the most important criteria of real estate valuation – Welcome to Cologne-Riehl! Back to: Selling property in Cologne.

Apartment for sale in Cologne-Riehl

The Riehl district is undisputedly one of the most attractive residential areas in the media metropolis of Cologne. It is not only home to Germany’s third-oldest zoo, but also to the city’s botanical garden with more than 10,000 plant species, an aquarium, as well as a terrarium with over 500 animal species. The local church is also one of Riehl’s landmarks. Thus, the Veedel delights with its many green spaces and proximity to nature, while also promising plenty of fun, adventure and entertainment. The standard of living is high, the cityscape breathtaking and the infrastructure very good.

Learn all the steps here: Sell property

Therefore, in Riehl you can count on a quick sale of apartments:

  • Variety of entertainment options
  • Green spaces & parks
  • Sights & Monuments
  • High standard of living
  • Beautiful cityscape
  • Very good infrastructure

Popular location in the east of Cologne

Riehl is located in Cologne and borders Nippes, Neustadt Nord and Niehl. It lies on the left bank of the Rhine opposite Mühlheim.

Now a look at the mesolayer of Riehl:

Between Amsterdamer Strasse and Riehler Strasse

The desirability of the residential district is also reflected in the real estate prices. Prices are particularly high in the western part of Riehl. Apartments between Amsterdamer Strasse and Riehler Strasse are particularly sought-after. And properties around Johanes-Müller-Strasse, An der Flora and Am Botanischen Garten are also in particularly high demand. The decisive argument: the proximity to the green spaces.

You can find more information about the sale in our guides:

High prices per square meter on the banks of the Rhine

If you want to sell your apartment in Riehl, you can expect to pay 4,700 euros per square meter here and even an average of 5,400 euros in the western part of the district. How high the purchase price of your apartment really is in the end depends on the result of the property valuation. The year of construction, condition and micro-location of the apartment are decisive factors in determining the value.

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Real estate valuation: Determine purchase price

Real estate appraisal is the process of determining the value of your property to establish a realistic asking price. In advance, the determination of a property value is crucial for a happy apartment sale. A good and proven estimate of the value of your property always depends on the consideration of countless factors. These include the location of the apartment and its condition, year of construction, infrastructure in the area and the number of shopping centers in the neighborhood.

Real estate valuation: determination of the offer price

These factors affect the value of the property:

  • Location
  • Year of manufacture
  • State
  • Connection
  • Neighborhood infrastructure
  • Equipment

If you also sell the furniture of your apartment, this will increase the value of the purchase price:

Gemütliches Wohnzimmer mit rotem Teppich, Couch und Einbauküche

Procedure: From preparation to execution

Whether it’s a maisonette on the banks of the Rhine or an apartment in an old building on Riehler Strasse, selling apartments is complex and is divided into three phases: The preparation – the marketing – and the settlement. To make sure you are well prepared for your apartment sale, here is the overview.

Apartment sale procedure:

Planning the sale of real estate: documents & ancillary costs

When thinking about selling real estate, you must always consider the long-term perspective. That is, start planning and organizing task by task. Always take your time with the upcoming sale and don’t make any decisions too quickly or rashly, regardless of the cause of your home sale. This also applies to preparation. Put together all the important documents and set yourself a realistic selling time frame. The same applies to your financial planning.

The most important points in the preparation:

Market apartment in Cologne-Rhiel

The asking price is set, the apartment has been prepared for sale and can now be marketed. You can advertise the property online on real estate portals, as well as offline in the local newspaper. Once the first interested parties have contacted you, you send out invitations to view the apartment and check the creditworthiness of the prospective buyers.

Continue reading here: Marketing real estate

These three strategies are available to you:

  1. Offensive
  2. Defensive
  3. Off Market

Settlement: Purchase contract & taxes

To avoid nasty surprises after signing, you need to make sure that the buyer of your house will also get the financing of his house bank. After all the conditions are clearly defined, consult the notary for the contracts. The notary now writes the draft purchase contract which is presented to you, the seller, and the buyer. Questions are clarified, changes are made and the notarization takes place in the notary’s office. If the purchase price is transferred, the keys can be handed over and the apartment is handed over.

The individual steps of the settlement:

  • Drawing up the purchase contract
  • Notary appointment & notarization
  • Apartment handover
  • Payment of taxes & expenses

Showing your property from its best side with excellent photos in the exposé – a real estate agent is also responsible for this. More about the advantages and tasks of the real estate agent in a moment:

Moderner Balkon einer weißen Neubauwohnung mit Glasgeländer vor blauem Himmel

Sell privately or with a broker?

Now there is only one important question: do you prefer to sell privately or do you want to sell with a broker? Both options bring their own advantages and disadvantages. The decision depends both on the type of house and apartment, as well as on your personal situation, the reasons for the sale and the period of sale.

Sell property privately: Advantages & Disadvantages

If you want to sell your house or apartment privately, the sale of the property is completely in your hands. From the preparation to the transaction at the notary – you are on your own every step of the way and always informed about everything. Some sellers prefer to sell privately, as they know their property best and can act independently of an agent.

Private real estate sale advantages:

  • Getting to know the interested parties in person
  • No brokerage costs
  • Independent sale

However, if it is your first property that you want to sell, the high organizational effort can also be a burden. The probability of making serious mistakes is very high and will end up costing you not only time and stress, but also a lot of money in the worst case.

Private real estate sale disadvantages:

  • High error rate
  • Very much organizational effort
  • Wrong offer price
  • Settlement problems

Hiring a real estate agent: tasks

That is why we always advocate hiring a real estate agent. A good real estate agent is familiar with the current market situation. He is familiar with the professional valuation and marketing of the property and knows every step of the process. Many brokers also own their own buyer and investor network. And if you are considering the option of selling off market, a broker can help you there as well.

A good real estate agent brings expertise, market knowledge & experience to the table

The duties of a real estate agent:

  • Valuation of house, apartment & land
  • Preparation of the exposé
  • Real estate marketing
  • Credit check
  • Viewing dates
  • Processing
  • Advice on taxes and finances

Selling in the media metropolis: XL guidebook

With over 1 million inhabitants, the media metropolis on the Rhine is one of the hubs in NRW, but also in Germany. Located in western Germany, the city borders other metropolitan areas such as Düsseldorf and Bonn. The media city can be found directly on the Rhine and can be divided into different parts and districts. Neighboring cities include Düsseldorf, Bonn and Leverkusen. Cologne stands for media, TV and press like no other city in Germany. That is why the metropolis on the Rhine is constantly growing. Südstadt, Altstadt, Ringe, Ehrenfeld or Sülz, where is the best place to live?

Here are our exclusive guides: