Marienburg: Upscale residential area with relaxed flair
Hardly any other large city in Germany offers as much “room for improvement” as Cologne. Whether it’s a condominium, apartment building or luxurious loft with a view of the Rhine – Cologne has enjoyed steadily growing popularity for years. This is also reflected in the rising real estate prices in Cologne. The media industry is booming, the next metropolis Düsseldorf is not far away and the Rhine invites to an evening walk with a cold beer. The city’s architecture also has a lot to offer. Not only the stately old buildings of past times inspire, but also the multitude of modern and futuristic buildings that make up Cologne’s skyline. Not to mention the Cologne Cathedral!
Marienburg: map and location
Marienburg is a district of Cologne but politically belongs to the district of Rodenkirchen. The district is located on the Rhine and can be found south of the new town and old town of Cologne. The district borders directly on a golf course and the A4 motorway. Neighbouring towns include Raderthal, Rodenkirchen and Bayenthal. The location and accessibility of Marienburg is ideal and there are several leisure facilities.
Sell real estate: Apartment, house, apartment building
Whether inheritance, divorce, family relocation or career prospects elsewhere – there are quite a few reasons for selling your current property. Whatever the reasons, a property sale must not only be well thought out, but also well planned. Thus, it is always advisable to seek the expertise of an estate agent in order to avoid time-consuming and costly mistakes. After all, the selling process depends not only on the timing, but also on the location and the different types of houses and apartments.
More on the subject of selling property in the New Town in a moment. Here is an overview in advance:
At the beginning of every real estate sale is first of all the real estate valuation.
Real estate valuation: Valuation for the sale of real estate
Real estate agencies appraise the value of your condo or house if you are using an agent to sell your property. Why a property valuation? The real estate appraisal determines the purchase price of your property. If you estimate the value too high, you will scare off prospective buyers and lose time unnecessarily. If you estimate the purchase price too low, you will give away money. There are many factors that influence the purchase price.
Marienburg and the surrounding area is a very attractive and prosperous region in Cologne. For the sale of a house in this region, as elsewhere, there can be many different reasons: A divorce, the professional or private move away and the enlargement of the family, with the accompanying need for an increase in space are reasons that put the house sale in focus. Even if you have inherited a property in Marienburg and already own a home, the sale can be a good decision.
Property prices at the top
Marienburg is considered a very preferred and affluent neighbourhood in Cologne. Due to the location, the infrastructural connection and the leisure offer, the real estate prices are accordingly high. If you should sell a house, a villa or similar in this quarter, you should in any case consult a competent real estate agent. Valuation of the property, advice in the search for buyers and much more, are just some of the tasks that this will take them off. Look for a team of brokers who will support you in the sale of the house or apartment with core competence in full service.
The price range of real estate is very wide.
A luxurious villa in this area can cost 1.5- 4.2 million euros. However, you can also find properties in a more affordable price range.
Valuation of a property: from the plot of land to the multi-family house
Due to its good location and high reputation, Marienburg continues to be a popular place to live. The high demand for real estate as an investment or for owner-occupancy is offset by relatively few offers, which has a lasting effect on the market value of your property. In order to sell a house in Marienburg nevertheless not under value, you should absolutely let make a market value appraisal and determine the offer price on the basis of the real facts. In the following you will learn with which real estate value you can mediate best.
The asset value method can be used for rented and freehold properties. This method is particularly useful when there are insufficient comparable properties. In the asset value method, the costs that would be incurred for a new building are determined, minus the wear and tear on the property. The standard land value is added to this. This is determined on the basis of the standard land values. As the asset value method is based on the substance of the building, it is often considered to be particularly informative and is frequently used by banks.
The asset value method determines what the cost of new construction would be, minus the wear and tear on the property.
Income Approach: Rented & commercial real estate
The capitalised earnings value method is only used for rented or commercially used properties, i.e. when the focus is on the return. Accordingly, the focus of the valuation is not on the asset value, but on the income generated by the owner. The net income (consisting of rental income less management costs), the standard land value and the remaining useful life are taken into account for the calculation. Due to its complexity, the capitalised earnings value method should only be carried out by experts.
The focus of the valuation is not the material value, but the income generated by the owner.
Comparative value method: Private real estate & land
The method is very close to reality and is mainly used for the valuation of owner-occupied property. The market value of land can also be determined in this way. Comparable properties or land in a similar condition and in the same location are used as a basis and standardised. The prerequisite is a sufficient number of comparable properties. The comparative value method is very popular with real estate agents to determine the sales price, since the comparative value method relatively accurately reflects the price achievable on the market.
The comparative value method is very popular with real estate agents to determine the sales price, because the comparative value method relatively accurately reflects the price achievable on the market.
Conclusion: Which valuation method makes the most sense?
No matter which method is used: Overvaluation does not pay off, as properties offered at too high a price are either not sold at all or are sold over far too long a period. This fact confronts owners with the intention to sell with the question whether a private and commission-free sale for the customer is worthwhile or whether they should rather tend to a real estate agent.
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 it’s Old Town, Marienburg or Hahnwald – as a real estate seller, there are certain questions you need to ask yourself. Where do you move to after a successful sale? Is there a declaration of partition and a right of first refusal? And are all maintenance costs documented?
Here are the 9 questions you need to ask yourself as an owner before selling at a glance:
Private sale or broker? Advantages, disadvantages & comparison
When deciding to sell a property, one should always ask themselves one question: Selling privately or using a real estate agent. In the following we will show you the advantages and disadvantages of both options so that you can make the right choice.
A lot of preparation, organization & time
The sale of a property or a condominium first of all means a lot of preparation. You have to obtain extracts from the land register, organise the location and development plan, prepare floor plans of the property and create an exposé including attractive illustrations. Subsequently, the publication in real estate portals is on the agenda. Where do prospective buyers search most often? As a layman, you will probably use all known portals and thus pay high costs for the publication of the property. In addition, there will be fees because you will have to have an energy certificate drawn up and commission the determination of the market value.
Private real estate sale: advantages
Whether Marineburg, Lindenthal, Neustadt or Rodenkirchen – Should you decide to sell your house privately, they can get an idea of the potential buyers and look at them themselves. In addition, you must not disregard the costs of a real estate agent. Maybe I’ll get a better price because of the commission saved? So you don’t give the rudder out of your hand, you have everything under control and can follow every single step.
Here is a summary of all the advantages:
No costs for brokers
Constant control over the sales process
Getting to know the buyers personally
Now how is that different from being a broker?
Real estate agent: advantages & tasks
Above all, a broker has experience and probably knows the area better. This gives them personally less stress, more time for other things and, above all, greater security. Furthermore, you should not forget the contacts of the broker. This person has many years of market presence, which allows them to find potential buyers more quickly. However, make sure to look for a reputable and competent broker, so that he can assist you with his experience.
Reading tip: Off Market – sell property anonymously and discreetly!
In addition to a professional valuation that is appropriate to the local market, this also ensures that you can successfully contact potential buyers. You do not have to worry about obtaining all the important documents, arranging and conducting viewings and checking the solvency of interested parties on your own. For many property owners, selling a house is a one-off affair, so there is a lack of know-how and the recommended expertise.
Avoiding a dead sale: planning correctly from the start
More problematic than fees is the literal “dead selling” of a property through the use of portals. If your property is found simultaneously, or even time-delayed in many portals, this has a rather repellent effect on prospective buyers. This is also the approach of many homeowners to run their property through the region’s estate agents one after the other.
In plain English:
Only those who have the right broker contact right from the start will achieve top prices for their property – even if it may take a little longer.
Also work of the broker: credit check
Once all the preparations have been made, interested parties will contact you by phone or e-mail with further questions about the property and an appointment for the viewing. Only if you are available and answer quickly, the sales phase will be uncomplicated. If a prospective buyer expresses his interest in buying, the creditworthiness must be checked and information about the financing confirmation of the bank must be obtained. An experienced real estate agent will take care of all these tasks for you and, through his rhetorical and technical expertise, will ensure that you sell your house promptly and at the best price. If you are inexperienced with selling real estate and want to avoid making mistakes, you should forgo selling privately and opt to have your home sale professionally planned and executed. The real estate agent is the interface between the owner and the buyer, representing you until the conclusion of the contract and the delivery of all keys and documents.
If you are inexperienced with selling real estate and want to avoid making mistakes, you should forgo selling privately and opt to have your home sale professionally planned and executed.
Conclusion: House sale in Marienburg only with a professional contact person
So if you want to sell your home or apartment building in Marienburg, consider: do I want to do it myself, or do I use a real estate agent? Rely on the right valuation, the professional preparation of an exposé, a well-organized viewing tour and a smoothly executed contract process.
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 inCologne 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.
Selling an apartment, an apartment building or your own property. The colourful media metropolis of Cologne has a lot to offer: While Marienburg and Rodenkirchen inspire with their proximity to the Rhine, Neustadt is bustling with big city life. Lindenthal, located to the west, convinces with its quiet atmosphere and those who prefer it exclusive and prominent settle in Hahnwald. You want to sell your property in Cologne? Everything about the selling process, the most important documents and whether you should sell privately or with an estate agent. To the overview: Selling real estate in Cologne.
