Selling property in Neustadt North & South – selling an apartment, apartment building or your own property. The two districts are part of the core of the megacity of Cologne and are particularly popular with students and young professionals. Neustadt Nord and Süd are in no way inferior to the nearby trendy districts of Altstadt, Marienburg and Rodenkirchen! You want to sell your house or apartment in Neustadt? Find here all information about the selling process and the most important documents. Plus: our free tips on property valuation and what makes a good estate agent – Welcome to Neustadt! Back to overview: Selling real estate in Cologne.
Neustadt South & North: Modern & lively trendy district
Cologne stands for media, TV and press like no other city in Germany. That is why the metropolis on the Rhine is constantly growing. Exclusive lofts for single people, luxurious single-family homes for couples with children or luxurious villas for entrepreneurs and investors – the media metropolis inspires everyone. While the stately old buildings invite you to marvel, you can end the day perfectly by the Rhine with a cool beer. Cologne is colourful, big and full of life.
The two districts Neustadt Nord and Süd form a kind of belt around the core of Cologne. Both are very large and have several neighborhoods. This area is particularly popular with students and young adults. There are many bars, clubs and restaurants to be found in Neustadt North and South, which is why selling a property in this area is usually very worthwhile.
Neustadt Nord (Cologne): Map and location
Neustadt Nord wraps around the northern part of Cologne and borders Ehrenfeld, Neuehrenfeld and the north of the Altstadt, for example. The popular residential areas of Lindenthal and Marienburg are also not far away. This part of Cologne is very popular and there are many small shops, cafés, bars or clubs. The business centre around the Mediapark can also be found in Neustadt-Nord. The district has just under 30,000 inhabitants and the population density is about 8150 inhabitants per square kilometer.
Neustadt Süd (Cologne): Map and location
Neustadt Süd encloses the southern part of Cologne and borders among others the Altstadt Süd, Sülz or Bayenthal. This district is particularly popular with students, as there are various galleries, parks or beer gardens. The population in this district is just under 40,000 on an area of 2.800 km².
Sell real estate: Apartment, house, apartment building
The Cologne real estate market is booming. From spacious apartments in old buildings to spacious semi-detached houses – the demand for houses and condominiums has reached a record level. This is also reflected in the real estate prices in Cologne. Especially Cologne and the nearby Düsseldorf are becoming more and more popular! 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.
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
A good and competent real estate agent will not only support you throughout the entire selling process, but will also advise you on taxes and finances and help you determine the value of your property. Why is the expertise of an experienced real estate agent so important? If the purchase price is estimated too high, it will unnecessarily scare away prospective buyers. If you estimate the price too low, you are giving away money.
Here you can find out more about property valuation, the procedure and the most important documents:
If you have experience with real estate, know the market value and know what prices are being asked for houses in the immediate area, you can definitely do the house sale yourself. However, most owners only buy and sell a property once in their life, so making an offer without an agent presents some difficulties and pitfalls. Here are our tips on costs and time involved, as well as the benefits of selling privately and using an estate agent.
Do not underestimate the costs and time involved in real estate sales
House and apartment sales are more complex than any sales you may have done before. Just obtaining all the necessary documentation generates costs and takes up quite a bit of time. The potential buyer wants to look at the land register, see the energy certificate and the valuation, know the location and development plan and get a first impression in the floor plan of your property. The more informative and optimally illustrated an exposé is, the more interest your property in Cologne will arouse. Without experience in this field, the preparation and presentation can take a lot of time and can be a real challenge. With the publication comes a further cost factor on you, since you pay in each portal for your advertisement.
An often underestimated cost factor: The advertisement (offline and online)
Advantages of private sales: More work for more control
Selling a house without an estate agent? As the owner, you sell without commission, which reduces the incidental purchase costs for the prospective buyer. However, this means that you have to carry out all the work otherwise done by the estate agent yourself. If you follow a checklist, you can avoid pitfalls and handle the home sale on your own. The bottom line is that you invest a lot and now you have to be constantly available by phone and online, as prospective buyers appreciate short wait times and quick responses. The organizational effort is often underestimated by inexperienced owners.
The advantages of a private sale:
No commission
To carry out all work personally
Danger: Pitfalls (avoidable with checklist)
Advantages of a broker: Faster sale & no losses
Are you employed, need to sell quickly and want to exclude losses? Then the service of an estate agent is always the best solution. Since the commission is to be paid by the buyer and not by you as a client, you do not have to think long and can let your real estate sale in Neustadt South and North take over directly from a competent and reputable real estate agent in your area.
The commission for the sale is borne by the buyer, not the seller
If you let us take care of your property and market it professionally from the very beginning, you can sit back and relax and rely on your real estate agent to sell your house or apartment in Neustadt for the best price and within a short period of time.
The benefits of being a real estate agent:
Fast sale
No losses
More security
Procedure of a real estate sale: house, apartment & multi-family house
At the beginning of every house sale is the determination of the market value. This forms the basis of the asking price and includes all the details relating to your property, the surrounding area and the context of supply and demand. In order to determine the sales value, further market analyses and knowledge of the real estate price development are necessary. Subsequently, the exposé is prepared and pictures of your property are taken. Before the publication and thus the end of the preparatory phase, your agents obtain all documents and arrange them for inspection by interested parties.
Real estate agent: duties and obligations
Whether bungalow, penthouse or apartment building – answering inquiries, arranging and realizing viewings, as well as checking the prospective buyer’s creditworthiness are some of the tasks an agent takes on for you when selling a house. The estate agent recommends a solvent buyer and takes over all tasks including the contract handling at the notary and the handing over of your property to the new owner.
So a real estate agent will assist you with, among other things:
Organization and implementation of visits
Credit check
Contract processing
Handover
Negotiation expertise & important know how
With the right estate agent at your side, your property will quickly find a new owner. You can exclude losses and avoid an overvaluation, because the agent orients the price to the well-founded market value of the property and recommends the best offer price to you. You benefit from a reliable sale with expertise and can devote yourself unchanged to your everyday life in all phases of the house sale while real estate agents are working for you. With negotiation expertise and rhetorical experience, with real estate market knowledge and know-how, your house or apartment will sell without a long wait.
Reading tip: Off Market – sell property anonymously and discreetly!
Valuing real estate: purchase price criteria
The purchase price for your property is determined by various factors. These include the location, the infrastructure in the immediate and wider surroundings, but also the size, equipment and state of development of your property. If you have recently renovated your property with the help of a tradesman and architect, this can have a positive effect on the purchase price. However, since real estate in Cologne is in great demand, properties with a more or less high need for renovation can also sell well. The purchase price is then, of course, usually lower than those for properties in top condition.
Conclusion: You can often sell your property in Cologne even in poor condition.
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
From the viewing to the purchase negotiation: checklist
Once the property value has been determined, it’s time to get to work. An exposé must be created, the property advertised online and offline and viewing appointments must be calculated. Once a suitable buyer has been found, the creditworthiness must be checked. The final steps include dealing with the notary and handing over the keys.
Here is a summary of the real estate sale process:
You want to buy a property and are now in a hurry with your current property sale? Or you want to buy an apartment building in order to rent it out lucratively? Whether Altstadt, Lindenthal 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 pre-sale right? And are all maintenance costs documented?
Here are the 9 questions you need to ask yourself as an owner before selling at a glance:
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.
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