Sell property in the old town (Cologne): apartment, house, land, apartment building & villa – tips
Cologne Old Town: Historic City Centre
Cologne is one of the most important economic regions in Europe and is located in North Rhine-Westphalia. Almost 20 million people are regularly drawn here. This is mainly due to the booming media industry, the colorful city life and the unique culture of the city. The legendary Cologne Carnival, international trade fairs and numerous music and sporting events make life in Cologne varied and exciting. Whether it’s a villa in exclusive Lindenthal, a spacious detached house in leafy Rodenkirchen or a spacious loft in the historic old town – everyone feels at home in Cologne.
Cologne in NRW: map and location
Cologne is a city in the federal state of North Rhine-Westphalia and is located in the west of the country. The megacity borders directly on the Rhine and is about 1.5 hours away from the Dutch border. The city has an area of 405 km² and is divided into several districts.
The Cologne Old Town is the historic city center, located directly on the Rhine and can be divided into a north and south part. Neighboring districts include Neustadt-Nord, the Belgian quarter or Deutz on the opposite side of the Rhine.
Cologne Old Town North: Map
The district Altstadt-Nord is located directly on the Rhine. Among other things, the main shopping street and Cologne’s main railway station can be found in this district. It is therefore very centrally located and so you can easily reach not only the Neustadt North and South, but also the trendy district of Marienburg.
Here is a section of the neighborhood:
Cologne Old Town South: Map
The district Cologne Altstadt- Süd also borders on the Rhine and is very centrally located. In this quarter is the famous chocolate museum and you can do a lot. The border between the north and south part runs at the Deutzer bridge, over which you can get to the other side of the Rhine.
Sell real estate: Apartment, house, apartment building
The Cologne real estate market is in demand. From maisonettes to bungalows – the demand for houses and condominiums has reached record levels. Because especially Cologne and nearby Düsseldorf are becoming more and more popular! This is also reflected in the real estate prices in Cologne. So now is the perfect time to successfully sell your property. The selling process is not only dependent on the timing and location, but also on the different types of apartments and houses.
Learn more here:
The valuation of the property is one of the most important steps in the sale of real estate.
Real estate valuation: Valuation for the sale of real estate
One of the most important steps is the valuation of your property. However, caution is advised here. After all, there are a multitude of factors that influence the purchase price of your property. As a rule, one thing always applies above all else:
Location, location, location
This includes not only the district, but also the local infrastructure and connections to schools and hospitals. The safety of the place of residence also plays an important role. Other factors include the year of construction, the building fabric and the equipment of your property. Renovation and refurbishment with the help of an architect, craftsman & Co. also have a positive effect on the purchase price,
Here you can find out more about the property valuation, the procedure and the most important documents:
Real estate sale in the old town of Cologne
Perhaps you own a house or a condominium in Cologne-Altstadt and would like to sell this property? A professional real estate agent will be happy to help you successfully market and sell your property, as this is an extensive task that should not be underestimated. With this help, your project is guaranteed to succeed more easily, as reputable estate agents can draw on extensive expertise, which will save you a lot of money, time and stress in any case.
Sell with broker or privately?
Start your house sale simply by contacting an estate agent. This will be followed by a discussion of the steps that need to be taken before the eventual sale of the property in Cologne-Altstadt. Before your property is advertised and offered for sale, some preparatory work needs to be done.
An experienced real estate agent supports you throughout the entire sales process
First of all, all documents such as floor plans, plans, statements, the land register extract as well as an exposé and several photos are needed to clarify legal components and to get an insight into your house. Furthermore: Experienced real estate agents can also help you with an off market sale. Discretion is paramount here, which is why many wealthy property owners and investors, opt for an off market sale. Learn more here: Off Market
Determine property value: Criteria
The next step: the valuation. Here, the question of the desired sales price and the absolute lower limit in the sales negotiations is clarified. Your estate agent will have many years of experience and will be able to estimate how much your house in Cologne-Altstadt is worth on the basis of location, fixtures and fittings and usual market prices.
Here are some of the most important criteria that affect the value and therefore the selling price of your property:
- Location
- Infrastructure / Surroundings
- Size
- Equipment
- State of development
- Refurbishments / Refurbishment requirements
Procedure: Hiring an appraiser, inspections & co.
Whether in the old town, Rodenkirchen or Hahnwald – in principle, the commissioning of a cost-intensive surveyor is not necessary and, according to experience, is only required if there are several owners and disagreements have arisen regarding the value. If the selling price is fixed, you start marketing your property by advertising it on real estate platforms on the Internet as well as in regional newspapers. Interested parties will contact your real estate agent directly. Of course, viewings and negotiations will also take place, so you don’t have to worry about this. Once a buyer has been found and their credit rating has been checked, they will meet with their estate agent at the notary’s office, who will take over the
Here is a summary of the real estate sale process:
- Valuation
- Marketing of the property
- Visit
- Purchase Negotiation
- Credit check
- Processing & purchase contract
- Handover
Frequently asked questions for sellers
You want to buy a property and are now in a hurry with your current property sale? Or you would like to buy an apartment building in order to rent it out lucratively? Whether old town, new town or Marienburg – as a real estate seller there are certain questions you need to ask yourself. Have you already found a new property? Should the property’s furnishings also be sold? And is there a right of first refusal?
Here are the most important questions you need to ask yourself as an owner before selling:
- Do you have a follow-on property in mind?
- Is there a need for renovation / refurbishment of the apartment?
- Are all records and documents available?
- Are early repayment penalties payable?
- Are the declaration of partition, building insurance, minutes of the owners’ meeting, utility bills, list of rents, etc. available?
- Are there lists of the maintenance of the condominium (maintenance costs)?
- Should inventory be sold?
- Is there a right of first refusal?
- Value of the apartment?
Conclusion: Cologne Old Town
There are some interesting buildings in Cologne-Altstadt for which you will certainly achieve higher prices than the average. However, you can also achieve good sales proceeds for single-family houses/ apartment buildings or villas in this beautiful city. From experience it can be said that excellent negotiating skills and outstanding expertise are necessary to sell real estate at a good price. Choose a competent real estate agent so that nothing can go wrong with the sale.
Cologne: Real estate in the media city on the Rhine
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 is located directly on the Rhine and can be divided into different parts and districts. Neighbouring 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?
Real estate in Cologne
Hardly any other large city in Germany offers so much “room for improvement”. From the purchase price to the architecture of the existing property. Whether condominium, apartment building or luxurious loft with a view of the Rhine. Cologne has enjoyed steadily growing popularity for years. The most beautiful city on the Rhine really does have something to offer everyone. The stately old buildings in Südstadt and the famous area around Rheinauhafen are particularly impressive.
Living in Cologne: Popular districts & residential areas
The media city on the Rhine offers a diverse cityscape, guaranteeing the perfect living solution for everyone. From luxury apartment to villa, there really is everything. With the help of the right real estate agent, you can undoubtedly find your dream property – whether Südstadt, Marienburg or Hahnwald – a property as an investment in Cologne always pays off! One of the largest universities in Germany ensures a young cityscape and gives the ‘Veedeln’ their inimitable freshness. Would you like to invest in a property as a capital investment in charming Cologne? Find out everything you need to know about the city’s most sought-after residential districts, including tips on location, prices per square metre & co! To the overview: Living in Cologne.
House, apartment and land for sale in Cologne
Selling an apartment, an apartment building or your own property. The colourful media metropolis of Cologne has a lot to offer: While
Old Town Marienburg Rodenkirchen Lindenthal New Town - Rooster Forest
