Miami: Florida Real Estate and Property Investment

Miami may be synonymous with celebrities living in multi-million dollar mansions, some of the world’s best nightlife, and beaches, but it’s a lot more. There’s a massive cultural scene, there are great schools, and much more. For these many reasonss Miami is considered a future star of the American real estate market. Take a look below, what living in Miami’s super luxury can mean for you. Whether you want to buy a house or buy an apartment, Miami can give what you’re looking for.

Miami Mega-Mansion House Tour – $17.9 Million Beach Mansion

This ultra-modern luxury mansion is on the market for a whopping $17.9 million. For good reason though, as it has everything you’d want. Located on the man-made Venetian Islands, this place is everything your wildest dreams could imagine.

Located on the Venetian Islands, this is a home you want to have seen at least once in your life. A massive 7 bedrooms, and 7,5 bathrooms also mean that you can have as many guests over as you’d like, and you won’t run out of room.

• Location: 825 E Dilido Dr, Miami Beach, FL
• Price: $17.9 mil.
• Bedrooms: 7
• Bathrooms: 7,5
• Square feet: 8.048

What are Miami’s Industries? Miami Economy Explained

Miami is a somewhat wealthy economy. It has massive sectors of retail trade, service industry (hotels, restaurants, etc.), and construction. Miami’s current unemployment rate lies at 3,2%, which is below the US average, and much lower than e.g. Los Angeles, with 5,1%. You also cannot forget the massive tourism industry which takes charge in this city. The massive airport, prime vacation activities with everything from yacht, golf, and country clubs, diving, some of the world’s best restaurants, and so much more.

• Retail
• Service
• Construction
• Manufacturing

Where does Miami Rank in Cost of Living – Is Miami Expensive to Live?

In the cost of living index published by Numbeo, Miami is ranked 24th (77,49), New York and San Francisco are miles ahead, taking spots 2 and 4 respectively, while America’s other party city Las Vegas is comfortably in 79th place. The average restaurant trip here will cost $15,00 and a loaf of bread $2,99. In addition to rent, which is on average $1.325-$1.1.884 (1 Bedroom apartment) or $2.527-$3.688 (3 Bedroom apartment), basic utilities for a month cost $146 and the average internet plan $68. This is all to be taken in relation to the average salary, which is $3.362 a month after tax. To see how LV stacks up against other big metropolises, take a look below:

• Hamilton, BE (147,00) – 1
• New York City, NY (100,00) – 2
• San Francisco, CA (94,17) – 4
• Los Angeles, CA (81,31) – 15
• Miami, FL (77,98) – 25
• Las Vegas, NV (68,24) – 79

Rent Index – How Expensive is Rent in Miami?

Rent in Miami is quite high, ranking 16th highest for North American cities with a rent index of 62,01. The rent index tells you the relative price of rent. With many workers in this city passing through or only staying for a few years, rent can be an important thing to take a look at. Miami has very high rent, and a comparatively low average salary. Take a look at the ranking below, with rent index and position for North American cities:

• San Francisco, CA (116,48) – 1
• New York City, NY (100,00) – 2
• Los Angeles, CA (75,17) – 10
• Miami, FL (62,01) – 16
• Las Vegas, NV (38,99) – 64

Miami – Beach Drone Flight in Florida

One of the most famous ocean cities in the world. This is a beauty to look at. Some of the most modern architecture, and the decadent style which the U.S. is so famous for worldwide. Pure elegance.

Real Estate Investment: Luxury Properties in Miami

Miami is one of the hottest cities in the USA, and therefore, no surprise, it is also one of the hottest real estate markets in the country. Filled with super high-end condos, luxury villas, and more, this is an enticing market for the wealthy.

Rent Prices Miami – Should I Rent or Buy in Las Vegas?

It’s always important to look at the prices when thinking about whether to buy or rent. You should also think about two other things though. Your preferences, and the permanence that you want from your living situation. If you have a preference to let other people take care of major things, like cleaning public areas, etc. renting may be a good option. Additionally, with a job where you are likely to relocate frequently or have an uncertain job situation, renting is the clear best option. The average rent is $1.708, with an average apartment being 887 square feet. This comes out to

• Average Rent: $1.708
• Average Apartment Size: 887 sq. feet

What type of Real Estate Should I invest in?

Types of Real Estate Investment

Is Miami a Good Real Estate Investment? Property Investment Miami Overview

Miami is a growing market at the moment. At least in terms of prices: in the greater Miami area, median sales price increased by 5.5%! At the moment, there is little movement though, with a demand being met by an equal supply. Ideally, for investment a buyer would hope for more supply which would drive down prices, but a balanced market is also a good sign because that means sales are being met at about asking price. In fact, in Miami, at the moment, most sales are occuring at 3% below asking price, meaning many buyers are getting a good deal. Some numbers:

• Median Sale Price (Miami-Dade): $410.000
• Median Sale Price (Broward): $400.000
• Median Time to Sale (Miami-Dade): 92 Days
• Median Time to Sale (Broward): 73 Days

How Expensive is Real Estate in Miami?

On average, a property in Miami costs $678.000. This is higher than the median sales price, which indicates that there are some extremely expensive homes being sold which are driving this average up.

• Average Price: $678.000

Most Expensive Neighbourhoods in Miami – What is the Richest Neighborhood in Miami?

The most expensive real estate in Miami is found in Miami Beach. This small island makes up a large part of the luxury real estate market. Also popular are the Venetian Islands, manmade islands with some of the east coast’s most exclusive properties. Another area to keep in mind: Fisher Island, another of the famous islands lining Miami’s coral-blue waters. The most expensive neighborhood in Miami is Indian Creek Island. You basically can’t get more high class than this, and may not find it on other lists as these properties won’t be sold over zillow. These are the richest neighborhoods in Miami:

1. Indian Creek Island: $15.000.000 – $47.000.000
2. North Bay Road: $7.500.000 – $45.000.000
3. Star Island: $7.100.000 – $28.000.000
4. Hibiscus Island: $1.200.000 – $14.200.000
5. Venetian Islands: $1.000.000 – $25.700.000

Miami Taxes – Property Taxes, Income Tax

If you live in Miami you’ll likely need to pay taxes here. As it is not one of the USA’s top tax havens, this may also be more expensive than you’d like. Let us take a closer look at tax rates in USA’s most unique state in Florida, and its star Miami. Thinking of buying? Don’t forget the buying real estate taxes.

Miami Tax Rates – Are Taxes High in Miami?

Miami, as it is in Florida, is one of the metropolises, along with Las Vegas, to not have an income tax. This makes it attractive to high earners, who will have to give away less of their income to the state

• Income Tax: 0%
• Sales Tax: 7,0%

Miami Property Tax Rates – Florida Rankings

Miami may not have income tax, but like so often, this is compensated via other forms of tax. This may explain an effective property tax rate which is higher than most other US property tax rates. Compare it to Los Angeles at 0,75% or New York property taxes at 0,86%. Take a look below to see what you need to know about miami property tax rates:

• Avg. US Property Tax – 1,1%
• Avg. Florida Property Tax – 0,94%
• Miami Property Tax – 1,04%
• Miami-Dade County – 0,97%

Want to learn more about property taxes, how they work, and how high they are in Florida, how high they are in Miami?

Florida Property Taxes

Safest Neighborhoods in Miami – Lowest Crime Rates

What are the safest areas in Miami? We’ve taken a look at the crime rates, and found that a few neighborhoods stand out among the rest. The safest area is certainly Brickell Hammock. Take a look at the full ranking below!

1. Brickell Hammock
2. Highland Lakes / Sun Swept Isles
3. SW 136th St / SW 99th Ave
4. SW 127th Ave / SW 56th St
5. SW 54th Ave / SW 80th St
6. SW 102nd Ave / SW 128th St
7. Kendale Blvd / SW 88th St
8. Krome Ave
9. Krome Ave / SW 12Th St
10. SW 42nd St / SW 162nd Ave

Top Miami Neighborhoods – What is the Best Neighborhood to Live in Las Vegas?

We present the most important, hottest, and up-and-coming neighborhoods to keep in mind. They are a mix of hot, up-and-coming artists’ districts, as well as safe bets, luxury neighborhoods, and anywhere else where real estate investment is a good option at the moment. Our top Miami neighborhoods for real estate are:

1. Downtown Miami
2. Coral Gables
3. Little Haiti
4. Bayshore
5. Pinecrest
6. Coconut Grove

Downtown Miami – Tropical Manhattan

Hom to some of the most important finance institutions in the city, this area is also home to Bayfront Park, the InterContinental Hotel, and Bayside Market, so there’s plenty to see. There’s also some of Miami’s famous resstaurants here. Regarding real estate it’s a mixed bag, which makes this all the more attractive. Properties differ heavily in price-to-quality ratios, so you may have to be careful, but there’s tons of diamonds in the rough. There are a lot of alluring properties available. However, you should definitely do some research before committing to purchasing a rental unit in the south.

Coral Gables – The Undeniable Suburbia

Possibly the most prototypical Miami neighborhood, Coral Gables is known worldwide. It is extremely safe, beuatiful, and has beutiful real estate. Of course you can’t say it’s a hidden gem, but it is one of the safest investment options. Miami is growing, and its undeniable perfect neighborhood will become only more desirable with shrinking spaces.

• Median Price: $420.000

Little Haiti – Hip and Trendy Miami

This used to be one of the worst areas in Miami. Over time it has earned a reputation for its vibrant diverse cultural scene, with great food, a completely unique atmosphere, and away from the clean and sterile neighborhoods found on manmade islands across the water. Like Little Havana, you can expect this area to become a future superstar in the city. Median property here costs $373.000, so get it while it’s cheap!

• Median Price: $373.000

Bayshore – Miami’s Best Rental Investment

Some places you want to live, and in some places you want to rent out. Bayshore is where you want to rent out. Buying property here is comparably cheap to the rent that you can get from tenants. At the same time, prices for rent are increasing, while prices to buy are staying steady. Located on Miami Beach, you’re at a great position to get everywhere, and if Miami continues to grow as it has, prices will likely increase in the longterm as well.

Pinecrest – Area for Young Professionals

Pinecrest is a great compromise between the sprawling millionaire homes in Coral Gables or the Venetian Islands, and the rough and trendy of Little Havana or Little Haiti. It has great schools, is safe, and diverse, but it also has good nightlife and has many hip cafes and young professionals. If you’re 32 with a small family and a startup, this is the place to go in Miami, without a doubt.

• Pop.: 19.200

Coconut Grove – Raising a Family in Miami

Coconut Grove is exactly the suburban, family-friendly utopia that the name implies. It is beautiful, with eclectic and attractive architecture, as well as small streets and no highways passing through. The price reflects the quality though. With a median price of $930.000, not everyone will be able to afford it, but to live here is certainly the right decision if you want a quiet suburban home to raise a family.

Der Beitrag Miami: Buy Property! Neighborhoods to Invest – Coral Gables, Little Haiti, Biscayne Bay, Co erschien zuerst auf ℄ Real Estates.

Foreword: Free tips for selling real estate? Yes!

All my tips in this guide are free of charge for you. As real estate agents we arrange real estates starting from 1 million Dollar value, thus real estates under the category luxury real estates. We give you here gladly Tipps and cheat for your sales, free of charge, in detail and step by step explained. Please also pay attention to our links, here you will find more detailed information on the individual topics.

Should you wish to sell your property with us: Do you know what our unbeatable advantage is? We independently reach over 250,000 readers per month, which means 3 million people per year. We are independent from common real estate portals and reach a solvent, special target group. In addition, we offer internal buyer groups and investors in our Off Market area, to whom you have no access via usual offers. Read more here: Real Estate Agents.

What distinguishes investor brokers from other companies is that we have our own money from our partners ready to buy your house. Our investor partners have been in the business for over 25 years and together have hundreds of years of experience. This allows us to have a fast sales process and means that if necessary, we are able to complete a purchase in just seven days.

For a quick, guaranteed cash sale, you won’t get a better offer from Privat for a quick house sale – sell to professionals who can and want to develop your property.

If you still want to sell privately, here is my XXL guide to selling real estate:

Sell real estate: What is to be considered ?

In this guide, you will learn everything you need to know for all types of real estate, from condominiums to apartment buildings and the sale of land. Let us start step by step into the subject of real estate sales.

In our consulting sessions, these are the 8 most frequent questions of our clients:

• How is the best way to sell a property?
• When should I sell my property? Or does it make sense to sell a property now?
• When is the sale of a property tax-free?
• What should you clarify before the start of the sale?
• At what price can you offer your property?
• Sell property privately or through an estate agent?
• Advertising, marketing or off market property?
• Which paragraphs should be in the sales contract and what not? And… (clears throat) should you mention any known defects in the contract of sale?

The sale of real estate can have most diverse reasons, from cases of hardship such as insolvency, divorce or also inheritance up to investment reasons around liquidity to create. Still others sell their property for relatively simple reasons, for example the new spouse and the move to a new city or even the career change, combined with a move.

Property types and basics

In all areas: Selling land, selling an apartment, selling a house, but also if you sell your apartment building, the location is decisive for the selling price of your property.

Selling “free of charge”, i.e. privately and without a real estate agent, carries risks and makes the sale and the entire transaction (valuation up to notary and contract of sale) prone to errors.

Selling real estate means that you need a good network of buyers. Often real estate is not presented publicly, but only internally as off market real estate.

Property valuation: Land and buildings

What else is my house worth? Whether house, plot of land, apartment or an entire apartment building, the foundation of a successful real estate transfer is always a solid, realistic valuation of your own property.

If the price demanded is far above the realistic market value, you will not sell / buyer will not strike

If the price is too low, you are giving away money, a too high purchase price alienates the real prospective buyers. Setting the right offer price is one of the most important points in selling real estate.

Evaluation of the individual real estate types:

• Real estate valuation
• Land
• Apartment
• House – Tip! Also row house, semi-detached house & Co.
• Apartment house

Sell land

The sale of a plot of land is a decision that you have thought about for a long time. There can be various reasons for the sale. But when it comes to the success of the sale, all owners agree. The property should be sold at the best price and without long waiting periods. If you decide to sell privately, you are faced with an enormous portfolio of tasks and organizational details. In practice, offering the property through a real estate agent with know-how has proven to be successful, because sources of error are eliminated and you can offer your property without stress and a reorganization of your everyday life.

• Selling a plot of land

Sale apartment / condo

Apartment sale – Many reasons in life make us think about selling the condominium. Especially in old age. Is it less suitable for senior-friendly living, difficult to reach or simply too large and too expensive? Is a job-related move in or has the apartment become too small for the family? Lukinski supports you competently and reliably in selling your apartment. Use our online service and get an evaluation of your residential property.

From the valuation to the speculation tax. In this guidebook you will find all important factors simply explained. Learn step by step how to sell an apartment and answer your questions: Selling with or without a real estate agent? The private sale of real estate involves many risks and sources of error, starting with the apartment valuation, the offer price and the individual marketing, from “advertising” to internal customer network and off market real estate sales. Learn in the following the answers to questions like: When is a good time to sell your apartment? What documents do you need in advance to sell? And can you sell your apartment if it has not yet been fully paid for?

• Selling an apartment
• Rate the apartment

Sale house

Selling a house – Single-family houses are characterized by the fact that they are inhabited only by a family, a couple or a person living alone. They have a garden, which is also owned by the owner. Not all single-family houses are inhabited by their owners. There is also the possibility to rent a family house with a garden. In almost all federal states, single-family houses are very popular as a form of living. The demand on the property market is correspondingly high.

• Selling a house
• Sell your house quickly

House types: Types

The sales process for the different types of houses is similar.

• Single-family house (and apartment building)
• Double house
• City villa
• Villa
• Designer house
• Country house
• Half-timbered house
• Building house / Cube
• Mediterranean house
• More special (Captain’s house, Frisian house, pent roof house, Sweden house or bungalow)

In order to provide you with the best possible support in selling the property, we recommend that you prepare the necessary documents in the best possible way before the appointment.

• Selling a house

Sell your house quickly? Tips

Sell a house quickly – Selling a house is a complex matter and involves many different steps. From the creation of an attractive advertisement to the valuation of the property and the subsequent legal steps, such as the purchase contract and the appointments with the notary. During all these steps, various points must be considered in order to complete the sale of the property as profitably and quickly as possible.

Selling a property successfuly as quickly as possible is harder than you think. There are many things to consider and many mistakes that can be made. So you should inform yourself about the procedures from the beginning and be sure that you do everything right. Made easier, this process will only be easier for you if you have the right expertise and the right support on the subject.

• You do not have time? Sell your house quickly

Sell apartment house

Selling an apartment house – You want to sell? If you should decide to sell your house privately, this means a lot of time investment. Months pass without market knowledge from the appraisal to the preparation of the exposé, to customer contact and the sales phase.

Therefore the A&O for private sellers, always estimate the time planning realistically! Because even before the sale starts, you should not underestimate the preparation time. Be realistic and be honest with yourself, for example regarding the possible renovation backlog. In addition to all the work on the condominium or the house, there are also all the preparations for the sale.

Fundamental questions arise well before the sale. Here is a quick overview of the most important questions before the sale of your apartment building: Do you have a follow-up property in prospect? Is there a need for renovation / refurbishment? Do you have all documents (land register map, extract from the land register, floor plans, energy performance certificate)?

• Selling an apartment house

Sell real estate: Divorce

Those who choose to marry and be married, in most cases, have the intention to spend their life with their spouse forever and share everything that belongs to them. Nobody thinks during a marriage about the fact that there might be a divorce one day and that there might even be arguments about belongings. But in 2017 the divorce rate in Germany was over 36 percent, which shows that unfortunately not all marriages last forever. Often fraud, daily life including routine or even financial problems are the reasons for divorce.

• Selling property: Divorce

Sell property: Inheritance

Inherited house selling – There are general questions that reach us, such as “When can I sell an inherited house?” and especially many variants around one topic: taxes on the sale. Is the sale of an inherited house taxable? How is an inherited house taxed? How much is the inheritance tax for a house? Before the inherited house can be sold, it must first be decided whether the inheritance will be accepted at all. It should be noted that an inheritance can only be accepted as a whole. Not only land and property are acquired, but also the mortgage and any debts are accepted by the heir. Thus, not only rights but also obligations are incumbent on the heirs. You have six weeks to decide for or against the inheritance. Within this period, it is necessary to work out whether it is financially worthwhile to accept the inheritance.

• Sell property: Inheritance

In most cases, the heirs decide on the inheritance. Even if the property is located far from the heir’s place of residence. But in exactly this situation the question arises what to do with the property. If neither inhabiting nor renting the house is an option, the most common consideration is to sell the inherited house.

Insolvency of estates

Estate insolvency, what is that? The death of a person who was close to us is always a heavy burden. No matter whether it was already foreseeable that a person would not have long to live or whether it was a surprising stroke of fate, the situation is never easy for the relatives. The death of a person is usually not only associated with incriminating grief, but the issue of inheritance must also be dealt with. There are the most different situations: Some people have already thought about who should inherit which shares before their death and other people have not thought about it or have not had time to deal with the topic because they were surprised by a stroke of fate.

• Sell property: Insolvency of estate

Valuation at the sale of real estate: Calculation

All important information on the valuation of real estate sales summarized for you: Valuing real estate.

Ertermswertverfahren: Distribution of traffic & building income value

The income capitalization approach divides the property into the market value of the land and the building income value.

land value interest amount = 7 percent * 100,000 Euro = 7,000 Euro

Building yield value = 5.600 Euro * 12,50 (duplicator) = 70.000 Euro

This includes rental income, maintenance costs and costs for the management of land and buildings. This is compared with rental income less operating costs and the value of the land including interest.

• Income capitalization method

Material value procedure: Value for the reconstruction of a real estate property

The calculation first determines the market value of the floor with the floor standard value, then the building standard value is added.

The real value of the building is the building production costs minus any age reductions. The land value (market value of the land) and the building value are added and multiplied by a material value factor.

Natural value = (100,000 Dollar + 150,000 Dollar ) * 0.5 = 125,000 Dollar

The calculation of the asset value factor depends on the building type, the provisional asset value and the standard land value. The total real value determined in this way indicates the financial resources that would be required for a new construction of the property.

• Asset value method

Comparison_value method: Comparison of similar properties

The comparative value method compares your property with similar objects. It is used in particular for the sale of condominiums and apartment buildings. The comparative value can also be determined for undeveloped land.

square meter price of the comparison object = 300.000 Dollar / 100 sqm = 3.000 Dollar per sqm

Purchase price of the property to be valued = 3,000 Dollar * 200 sqm = 600,000 Dollar

Only objects in similar locations and with comparable cuts are taken into account in the comparison. The real estates entering into the valuation should come from direct proximity of the residential object. The comparative value procedure is considered as particularly realistic. It is very often used in the valuation of real estate, because the locations are regionally relatively well comparable.

• Comparison value method

Valuate apartment

Apartment valuation and value factors – You have a condominium and want to know what it is worth? Of course you can immediately go to an appraiser and/or real estate agent with this question. However, the exact valuation becomes important at the latest when you want to sell or bequeath the apartment. Even in the case of a mortgage – for example if you want to buy another property – the value should be determined very precisely. That is when the expert comes into play.

What influences the value of an apartment? Let’s stick to a very rough valuation. In order to determine the value of your apartment, a number of “soft” factors play a role.

• Rate the apartment

Rating a house

Purchase price roughly estimate or let estimate – If house or dwelling were bought not too long ago, building costs or the purchase price offer first appoximate values with the house evaluation. The most important criterion is the location. The real estate prices differed regionally partly substantially. Therefore only objects in the proximity may enter into the real estate comparison. With the house evaluation are likewise aspects of the micro and macro situations, as well as the direct location of the object of importance: Soundscape, view and lighting conditions interest potenzielle buyers and affect real estate value and the attainable price.

• Evaluate the house

Valuate apartment building

If you want to sell your apartment building, then one thing is important: A sound, market-oriented, realistic purchase price. The central questions of owners: What is my property worth? How do you calculate the value of an apartment building? How does the tax office determine the value of a house? Who determines the market value of a property? How does the bank value a property? Many questions and many facts that you will encounter when valuing an apartment building. To give you a first impression of the complexity of location, market value, comparative properties, building fabric & Co., we have written this guide on the subject of multi-family house valuation for you. Value factors, location, equipment, market value, realistic price:

• Evaluate apartment building

Valuing land

Determining market value, valuation and purchase price – How do you value a property? How to calculate the market value of a property Who may value a property? Who provides information about the standard land value?

• Valuate property

Der Beitrag Sell your Real Estate / Property: Condo, house, apartment buildings erschien zuerst auf ℄ Real Estates.

Divorce and real estate: The most important questions and answers

Whatever type of property you have to sell after your divorce: It depends on the location. When selling an apartment, selling a house, selling a plot and even more so when you are looking to sell multi-family houses. The location of your real estate is a decisive valuation factor. So is the substance and the equipment. Selling privately means accepting risks and making mistakes. From property valuation, contracts, taxes and costs.

If a divorce leads to the sale of a house, you should be well informed accordingly.

You are in the process of divorce or would like to file for divorce? Ideally, you have the opportunity to discuss the separation sensibly and objectively with the partner to be divorced? Then the question arises: Who owns what? If you own a joint property such as a house, you should now ask yourself: who owns the house and how can it be divided after the divorce?

If you live in a house together for years, you usually don’t ask yourself: who actually owns it? Living together also suggests a common house and there is rarely another “mine” and “yours”, but often an “ours”. Since the interior decoration was also usually chosen according to the ideas and wishes of both spouses, the feeling of togetherness is enormously strengthened.

Topic divorce: Articles and guides

Before we go into detail – into the sale – here are more detailed articles about divorce and house sale or apartment sale.

Facts and figures: Children, procedure and maintenance

• Hardness case separation
• Manage real estate
• Pension entitlement
• Divorce with child
• Divorce proceedings
• Subsequent divorce agreement
• Divorce law
• Maintenance

Life: Reasons, year of separation and change of name

• Living apart
• Change of name
• Grounds for divorce
• Year of separation

Foreword – Free tip? Yes!

All my tips in this guide are free of charge for you. As real estate brokers, we broker real estate from 1 million Euro sales value under the category luxury real estate. We give you here gladly Tipps and cheat for your sales, free of charge, in detail and step by step explained. Please also pay attention to our links, here you will find more detailed information on the individual topics. Should you wish to sell your property with us: Do you know what our unbeatable advantage is? We independently reach more than 250,000 readers per month, which means 3 million people per year. We are independent from common real estate portals and reach a solvent, special target group. In addition, we offer internal buyer groups and investors in our Off Market area, to whom you have no access via usual offers. Read more here: Real Estate Agents.

Who owns the house / condominium ?

If a married couple decides now however no more together to live and divorce to want, it is unimportant, which feeling developed, but the facts are regarded. Crucial for it, to whom the house belongs, is always the entry in the land register. In the land register you will always be able to find the owner who was registered when the property was purchased. If you are registered there alone, you are automatically the sole owner of the property. A registered sole owner is usually chosen if the purchase was made before marriage, for example, or if there were certain advantages to registering only one spouse. If there is only one sole owner in the land register, it is legally very clear who owns the property. Nevertheless, the other spouse is not simply thrown out of the house, even if the registered sole owner has a power of instruction that allows him/her to ask the other spouse to move out of the house. This request to move out is connected with a granted time, which must be granted to the moving out partner. In addition, the sole owner must bear the costs of the move. Furthermore, the non-owner can be granted a right of residence, which can also be limited.

Two owners: Proposed solutions

If both spouses are the owners of the house or also of the condominium, both persons must also have been entered in the land register. If this is the case, the spouses can go several ways in a divorce.

Firstly, it is possible to sell the house to a third party, secondly the house can be partially auctioned or thirdly one spouse can transfer his or her shares to the other. If the house is to be sold to a third party, you have chosen the most pleasant and easiest way, because the house is divided up, so to speak. The common property is sold and the proceeds from the sale are divided among themselves. This process is fast and afterwards you and your still or ex-spouse can go separate ways.

What happens with the children?

However, if children are involved, the soon to be divorced couple usually wants to keep the property at least for the children, so as not to tear them out of their familiar surroundings. It is not uncommon for parents who are divorced and own a joint property to decide against selling it to a third party. They do not like to expect their children to change the city or place, to get used to new people and a new environment and to have to move out of the house in which they were born and grew up or are still growing up.

However, it must also be clarified again to whom the property belongs and if both spouses are owners, they must find a common solution. Here it is often advisable that the spouse who leaves the house transfers the own shares to the spouse who will still live in the house – probably with the children. When this happens and the shares are transferred, all ownership is transferred to the partner who will remain living in the house. However, the transfer is only effected by full payment of the shares in the house. Both the sale to third parties and the payment of the shares in the property presuppose that the spouses can reach an agreement and want to find solutions together.

Divisional auction

Unfortunately, this is not always the case, because divorces are often associated with injuries and many emotions, which can lead to the hardening of the fronts and the couple not being able to reach an agreement. In this case it is possible to apply for a division auction. A division auction aims to dissolve a community that has existed up to now. In this type of auction, the real estate, which is considered an indivisible property, is converted into money that can be divided. This money, however, still belongs to the community and will be deposited in case of disagreement about division or payment. A division auction should always be the last possibility to “get rid” of a house through a divorce.

Equalization of gains, sole ownership and joint ownership

Everything about the equalization of gains, sole ownership and joint ownership.

Earnings equalization – gains for both spouses in case of divorce

If two people enter into a marriage without a marriage contract, they live in a community of gain according to the law. An increase is defined as the amount by which the final assets of a spouse exceed the initial assets. During the marriage the two fortunes remain thus separated and with the divorce a reconciliation of the increase of the fortunes takes place. Each spouse should therefore leave the marriage with the same amount of gain. The experts from Lukinski explain how the difficult topic of real estate is dealt with when balancing the gain.

If only one of the spouses is registered in the land register as owner of the real estate, the real estate belongs to this spouse alone even after the divorce. During the separation period, a court can also assign the property to the non-owner for use, but only if this spouse cannot find an affordable apartment for himself or her and their joint children. However, the ownership of this property does not change as a result.

However, real estate also has financial consequences in the case of compensation for gains. A property that was bought, built or extended or modernized during the marriage represents an increase in value and is therefore relevant for the compensation of gains. An inherited real estate, or one that was already part of the property before marriage, is only included in the compensation for gains if it was modernized or developed during the marriage. During the divorce, however, the owner of the real estate may not simply do what he wants with the property. If the divorce or the separated gain adjustment proceedings are not yet completed, the ex-partner’s consent is required for the sale, for example.

Joint ownership – different solutions

If the real estate belongs to the married couple equally or even proportionately, it becomes difficult in the case of divorce, because the question of how to proceed with the common real estate after the divorce is not always easy to answer. Who may live in the property, will it be sold or further financed? This problem comes from the fact that with the divorce the co-ownership does not end at the same time. Divorced couples are therefore still jointly responsible for the property even after the divorce. There are different approaches to the issue, which are better or worse suited depending on the situation:

• The property can be taken over by one partner by paying the other one. However, this represents a gain that affects the compensation for the gain.
• The property can be transferred to a common child and both spouses look for something new.
• Depending on the conditions of the property, a large detached house can be converted into a two-family house. If the spouses so wish, the property can be divided into two equally self-contained units.
• The real estate can be sold and the profit is divided proportionally between the spouses
• If no agreement can be reached on the future of the property, the last resort is the division auction, in which the property is publicly auctioned off by an enforcement court.

Current real estate loans in divorce – communication between the spouses

If real estate is financed by a loan, it must still be repaid after the separation. How this problem is to be dealt with, however, must be dealt with independently of the other real estate issues. A common solution is to change the payment method. If the main wage earner has repaid the loan until the separation, after the divorce the repayment can run over both partners in equal parts. If the joint home ownership is transferred to one spouse, the repayment contract can also be changed accordingly.

Sales: Procedure and checklist (free of charge)

Real estate sales after divorce – the prices for houses, free-hold apartments and basic rises continue to rise. The trend to the own four walls continues, determined also a study of the Federal association of the German people banks and Raiffeisen banks (BVR):. In 2017 the prices for owner-occupied housing rose again by 5.4 percent. The high demand also has an impact on the price situation in rural areas. Are you considering selling your residential property? The situation on the property market is extremely good for sellers. Only make a decision when you have a market value assessment from a professional. The experts from Lukinski determine free of charge what selling price your property can fetch. We are always available for you online.

How much is my property worth?

What price can my properties fetch on the market? Are you thinking of hiring an expert? We at Lukinski can help you free of charge. Our real estate valuation is based on current data of your region. Our online service determines the most realistic price expectation for your property from all comparable offers. Experience has shown that our assessments as online brokers are much better suited to the current price level than expensive appraisals based largely on building materials.

Nobody can predict exactly how long the price boom on the property market will last. Selling real estate is not always an easy decision. Personal reasons or financial concerns are at stake. However, a little-used property or a property that does not suit one’s own situation quickly creates additional expenses. Extensions, renovations or long journeys to work put a strain on the budget. Selling a residential property not only creates financial freedom, but also the opportunity to relocate yourself or your family to a more advantageous location. All residential locations are currently being sought: in the city and in the country. Our online real estate service uses new procedures and methods to evaluate the available offers on the market. Thus we determine for you free of charge, with which purchase price you can find a buyer quite fast.

Our real estate evaluation procedure has proven itself for years. With only a few details, we analyze the property, so that you get a realistic estimate for a house sale or apartment sale. Quick and easy we help you to get the best price on your regional market. Let us show you how we can support you.

Determine the market value of the property

Have you considered the decision to sell the house or apartment? Then we will provide you with an online valuation at market value. Only then can you estimate whether you want to part with the property. With the potential selling price we estimate, you can also decide whether it is profitable to commission an estate agent. Under certain circumstances, it may be worthwhile to carry out renovation and conversion work, which will help us to find an even broader base of interested parties. An own assessment of the market value is fraught with many risks: Often it is based on emotional attachment to the property, on the effort and time invested in the renovation. If the stated sales price is too high, hardly any serious prospective buyers will come forward. The stream of visitors who are not really interested in buying often does not stop even after months. This costs time and nerves and in the end many homeowners accept large financial losses.

Get advice from a professional before the sale. We will give you a thorough and careful assessment of the value of your property. Our price quotation and recommendations will enable you to find suitable buyers for your property. The longer a property has been on the market, the greater the final discount usually has to be. Avoid this with Lukinski and get into the real estate sales process well informed and supported. With our online real estate evaluation you will receive prompt and reliable key figures and interesting facts about your real estate sale. If you wish, we can take over all services around your house sale – from the valuation to the notary appointment, we are there for you.

Sale on your own initiative?

After the first searches many real estate salesmen trust themselves still the completion of the house sales in self-direction. What the salesman really has to expect, is however a thing for the professionals. Prospective buyers may appear to the inspection date, in order to press the price unjustifiably. More and more defects are discovered and the owner gives up frustrated sooner or later. Also the legal side of selling real estate is increasingly determined by legal regulations. Submitted the energy document of identification must be answered with the inspection date, it must questions to the land register and to the building method. Our professional office knows how to answer all inquiries competently and completely. We are happy to assist you in all steps of your real estate project.

Our customers confirm it again and again: It is worthwhile to involve us in the sale of real estate. You can rely on our experience and expertise when it comes to negotiating prices, arranging viewing appointments and compiling the sales documentation. We will explain all other bureaucratic preparations to you, including obtaining extracts from the land registry. Not all information needs to be disclosed to a potential buyer – we will advise you on all questions.

The checklist for the documents

If you decide to sell your house or apartment, we will obtain most of the documents while you provide the building description, utility bill and construction plans. If you already know the market value of your house, our checklist will help you to be well prepared for a smooth sale:

Once the sale of your home has been decided, a flood of documents must be obtained for the various phases of the sale. The bureaucratic requirements for the sale of real estate are aimed at potential buyers, notary, estate agents and other institutions.

1. Sales documents
2. Energy performance certificate and extract from the land register
3. Building description and cadastral map
4. Special documents for special properties
5. Preparation of the documents according to the sales phase.

In principle, only a few documents are obligatory when selling a house or apartment. However, prospective buyers are equipped with a large number of recommendations in order to secure the best possible property – in terms of personal requirements and the price to be paid. The extract from the land register must be presented to the notary public at the latest, but many buyers need the information contained in the document even before making a purchase decision. The lending bank must be granted access and give its approval for financing. All relevant documents should be available in good time to ensure that the sale of the house or apartment is as quick and smooth as possible. Documents that have to be obtained from public institutions, credit institutions and government offices often take time. With us, you are on the safe side – we obtain many of the documents for you and give tips on the bureaucratic requirements for selling real estate. What we can do for you and what documents we obtain:

• Preparation of the consumption-oriented energy pass, which is to be presented to the interested parties at the inspection date without being asked
• Extracts from the land register
• Floor map
• Texts on object and location for the ad

Commercialization begins soon

Once the documents have been compiled, the marketing phase begins. We also provide competent and reliable support for any questions and problems that may arise. The jointly developed advertisement is supplemented by a convincing and professional exposé. Both should be accurate, complete, informative and convincing. Meaningful photos of the house, apartment and garden are part of it. The documents are published online, we take over the social media posts and round off a target-oriented marketing with a virtual tour.

If viewing appointments are pending, the house or apartment must present itself in the best light. The prospective buyer should feel comfortable in the property so that negotiations are also easier. We know how to best highlight the advantages of your house. We can also arrange and organize viewings for you.

The prospective buyer will go to his bank with the documents so that a credit check is carried out for the last time. If the purchase price and property valuation match, the bank can finance the property. If the creditworthiness of the prospective buyer is correct, nothing more stands in the way of a loan commitment. Often banks carry out their own valuations of the property. If the purchase price is set too high, the property is either not lent at all or only a significantly lower loan amount is granted. Sales projects fail if the prospective buyer cannot raise the financial means. With our property valuation we make sure that this does not happen. We estimate the price of your residential and commercial property realistically and close to the market. Trust the professionals at Lukinski, for maximum success in your real estate sale.

Last but not least, the notary appointment is scheduled. Here, buyer and seller meet for the notarization of the purchase contract. Afterwards the change in the land register takes place, which makes the sale official.

Concluding tips for a successful sale

Each of the sales phases takes its time. Usually the entire house sale takes 6 to 9 months. Depending on the property and location, it may take longer to find the right buyer. We maintain an extensive pool of serious and financially secure prospective buyers who are looking for a new home. The right buyer for your house or apartment may already be listed in our records. It is important that the future buyer is seriously interested in the purchase and can also secure the financial means in the short term. We also support the buyer in finding suitable financing for his property acquisition. As a neutral partner we are a competent mediator in all phases of your sales project. On our city pages you can find out how the regional market is developing. There you will also find an overview of our comprehensive expertise in the federal states of Hesse and Rhineland-Palatinate.

With our service, the modern online processing and presentation of your house sale, you will be comprehensively and specifically supported in your cooperation with Lukinski Lukinski. Secure the best selling price for your property – with Lukinski. We shorten the selling period and ensure a smooth property sale.

Numbers & facts: Divorce

Marriages and divorces in comparison

Marriages and divorces in Germany from 1960 to 2008.

You can find more statistics at Statista

Divorce rate in Germany

Here you can see the current divorce rate in Germany from 1960 to 2018.

• 2018 (current): 32.94%
• 2010: 48.95%
• 2000: 46.45%
• 1990: 29.97%
• 1980: 28.4%
• 1970: 18.07%
• 1960: 10.66%

Why do women get divorced?

According to a survey of the magazine Brigitte, it is especially the goals in life that are the reason for divorce. Of 43,000 women, almost 32 percent named different ideas about the future as the main reason. “We have grown apart,” it is often said succinctly. Second place is occupied by infidelity with 29.2 percent. Here, affairs of the partner are the main reason for divorce. 10.9 percent of the respondents named constant quarrelling, bickering and squabbling as the main reason for divorce from their husbands, which is thus the third most common reason.

1. Life goals
2. Affairs
3. Quarrel

Read more about reasons for divorce here.

Marriage contract protects against dispute in case of divorce

Avoid trouble from the outset, a marriage contract makes it possible. Even if people who enter into a marriage do not want to think about the fact that it might end one day, it is recommended to keep a marriage contract from the beginning. Because we now know that the owner of a property is always the person entered in the land register. But to avoid further annoyances or ambiguities, a marriage contract should always be concluded in addition.

Unfortunately, there are few couples who choose to sign a prenuptial agreement at the time of marriage, as they assume at that point that they will never separate or even in a separation will treat each other fairly. But unfortunately this is rarely the case and “Wars of the Roses” are more the rule. Whoever does not have a prenuptial agreement can quickly be put at a disadvantage – especially if there is a property where they have lived together for many years.

Financial disputes in divorce proceedings

What role did financial disputes play in your divorce proceedings?

You can find more statistics at Statista

A prenuptial agreement may not be very romantic, but it can avoid a lot of stress during a divorce. This contract can contain, for example, what exactly will happen to the property if a divorce should occur. If the divorce does occur, there is no room for discussion, as the contract is binding. It is no longer necessary to discuss which way to go to sell the property, as this is already written down.

Marriage contract: regulations and agreements

A prenuptial agreement is therefore really not to be underestimated and can bring clarity in deadlocked situations, because what is written in the prenuptial agreement is also implemented. A prenuptial agreement also does not necessarily mean hard rules and little room for the spouses’ own ideas, because this contract can be arranged quite flexibly.

Tip! In such a contract can also be concluded after the marriage.

• All regulations, which are made by mutual agreement, save a lot of stress
• Agreements concerning separation of property, maintenance and the equalization of pension rights
• A marriage contract must be concluded with a notary public.

The spouses, who draw up a contract at the beginning of the marriage, can decide for themselves what belongs to whom, how the property and belongings will be treated when the divorce comes, and what contingencies might occur and influence the division. However, it is also quite possible for the spouses to include a fixed arrangement, which is recommended by experts and consultants.

We cannot take away the pain of divorce, but we can save you time, money and stress

Even if a prenuptial agreement sounds unromantic, it can save you a lot of headaches in the divorce process. If it is clarified from the outset how the individual assets will be treated after the divorce, many questions in the divorce will resolve themselves. This emotional matter is thus made easier for all parties, especially when real estate is part of the property. But even if there is no marriage contract, it is always advisable for the spouses to clarify the various ownership issues after the divorce as peacefully as possible.

Questions and answers: Divorce

Also, drawing up a post-divorce agreement can raise problems and questions and lead to disagreements between the spouses. To ensure that you are fully aware of the agreements, we will answer all important questions about the post-divorce agreement.

What is post-divorce settlement ?

The aim of a gain equalization is that both spouses leave the marriage with the same gain in assets. Therefore, in divorces of marriages without a marriage contract, a gain adjustment is made to compare and adjust the individual gains.

How do I find the owner of a property ?

The owner of a property is the person who has been registered as the owner in the land register. When buying a property, the entry in the land register must be changed in order to legally enforce the purchase.

What does a divorce with house cost ?

The costs of a divorce depend on many different things. The assets of the couple play a decisive role, but also whether the divorce is contentious or consensual has an impact on the costs. If assets belong to marriages without a marriage contract, a gain compensation is made, in which also real estates are considered. The costs can therefore only be determined individually.

What is the separation year ?

The separation year is required by law. Married couples must live apart for one year before the divorce in order to carefully consider the decision to divorce. Only after this separation year is a divorce possible.

How is the gain compensation determined?

Each spouse’s initial assets are calculated on the day of marriage. Then the current state of the assets is calculated and finally the difference between the spouses’ gains is determined.

Who bears the costs in case of divorce ?

The divorce costs are usually set off against each other. This means that both spouses pay their own legal fees and additionally pay half of the court costs. The amount of the legal costs is determined by the court, including the lawyer’s fees.

What is a post-divorce agreement?

The divorce agreement is a contract between spouses in which all important questions belonging to a divorce are clarified privately in advance, so that these questions no longer need to be regulated in the divorce.

What does a notarial divorce settlement cost?

The costs for the notarized post-divorce agreement are calculated according to the procedural value of the divorce. It must therefore be determined in each individual case and cannot be named in a lump sum.

What is a separation agreement?

The separation agreement regulates all possible issues for the period between separation and divorce. It can be useful if couples only want to separate and not divorce for the time being.

How much does an amicable divorce cost?

The costs of an amicable divorce are measured by the value of the proceedings and vary from case to case. The costs depend on the income, the assets and the lawyer costs together and must be determined therefore in the individual case.

Let the property be sold: House and apartment

A divorce is often a sad and painful break in the life of a married couple, which presents people with great emotional challenges. Would you still like to take care of documents, contracts and the sale of real estate in such a situation?

Concentrate on yourself and leave everything else to us at Lukinski. We will give you fair and professional advice, try to find solutions together with you and your spouse to sell your property at a good price. A divorce is hard enough, you shouldn’t have to deal with viewing and placing advertisements. We will accompany you through the entire sales process and take the most important steps for you, so that the sale of the house becomes the least evil of the divorce. Let us advise you when you are about to sell your property and convince yourself of the advantages of a professional expert. No matter whether it is due to a divorce, inheritance, moving house or money worries – we are here to help you with words and deeds. Lukinski is your contact person when it comes to the sale of your property, for which the investment is more than worthwhile!

Der Beitrag Divorced! Sell your House: Questions, answers, tips and procedure in case of separation erschien zuerst auf ℄ Real Estates.

Creditworthiness: Who checks what here?

In modern business dealings, it is impossible to imagine business without the examination of creditworthiness – i.e. credit rating. The reliability in payment matters is already checked with each purchase with a credit card. Installment purchases in the electrical goods market, for example, only work for the customer if the creditworthiness is checked immediately. The classic institution for credit information of any kind is the Schufa. Since 1927, this credit agency, which is organized privately as a public limited company, has been early to assess the reliability of people in terms of their ability and dependability to pay.

Before someone else checks my own creditworthiness, I can always do it myself. Here too, the classic way is to enquire at the Schufa. The first (usually postal) inquiry with Schufa is free of charge. For each further one the Schufa charges a fee of 30,- €. The answer is then also sent by post. For both landlords and tenants, Schufa offers special service packages with which credit information is formally correct.

Of course, there are now also numerous ways to determine your creditworthiness online. The advantage: it is faster and I can look at my own data at any time. If an error is noted there, it can be corrected very quickly. No matter whether Schufa or one of the online providers: Without the use of an ID card, no one can access their credit ratings.

Credits: Current and long-term liabilities

In the first step, for example, information on current or terminated loans, credit cards or credit periods is recorded in the credit check.

Accounts: Bank, shares Depot & Co.

Furthermore, the auditors obtain information from the buyer about his own bank or current accounts, as well as overdraft facilities, mail order accounts or account terminations.

Contracts: Telephone, leasing, payment by installments.

Here, for example, information on the conclusion of contracts, contract cancellations and individual contracts is collected.

Debt: Debtor directories (like Schufa)

This step checks whether entries have already been made in debtor directories. However, such companies also store information on dunning notices, insolvency applications, foreclosures and also on affidavits.

Check Schufa and evaluate data correctly

By obtaining information from a credit investigation agency (Schufa) you create a foundation. But before you decide on a tenant, you should evaluate the data correctly, for which you need a lot of expertise and experience in “reading” the score values. If you make the wrong decision on this point, this circumstance can lead to high follow-up costs and much trouble.

In real estate transactions – and also in the case of letting – the commissioning of a real estate agent naturally also includes checking the creditworthiness of interested parties. This gives you the security to rent to a really solvent applicant. You yourself have no work with the inquiry at the Schufa, since this service belongs to the achievements of the assigned real estate agent.

Likewise, you can be sure that you will only receive recommendations for those applicants who are eligible based on their income and creditworthiness. The evaluation of creditworthiness is carried out according to your criteria as owner. Do you have a very specific idea of the income, or rather the income level of your new tenant? If so, this important basis for you will be taken into account in the search for tenants and included in the screening of potential applicants. The pre-selection sent to you will save you a lot of time and nerves. Your gain is a maximum of security that you have found the right tenant for your property.

Letting with brokers? All advantages at a glance

Whoever thinks of renting out as a real estate owner does not always have an estate agent in mind at first. After all, the use of an estate agent costs money: Since June 1, 2015, the buyer principle has been in force in Germany for the procurement of living space: If you appoint an estate agent, you pay him. If the landlord appoints a broker to act as an agent, he must also pay him. If the broker finds a prospective tenant, the future tenant does not have to pay the broker anything.

What the broker costs when renting out

The amount of the commission is in principle freely negotiable for landlords. Usually it is between 1.5 and 2 net cold rents plus VAT. For tenants, the amount of commission is clearly limited by law: It may not exceed two net cold rents plus value added tax.

But: A real estate agent…

• Saves time and effort
  A good real estate agent takes over the time-consuming search for tenants on site.
• Offers more security!
  A good real estate agent checks the creditworthiness of potential tenants.
• Top rental agreement!
  A good real estate agent ensures a good tenancy agreement.
• Brings tax advantages!

Brokerage costs are tax deductible for the landlord.

Der Beitrag Creditworthiness check: Possibilities, buyers, experience and what is being checked? erschien zuerst auf ℄ Real Estates.

How does the sale of a property work?

Family house, row house, villa – location

In all ranges above all the situation counts, not only with the sales of your single family house, terraced house, villa & Co. Land sell, house sell in addition, with the multi-family house sell, the situation is a central evaluation factor for the selling price of your real estate. Selling privately or “for free” and without an agent bears risks and makes the sale as well as the whole transaction (valuation up to notary and contract of sale) prone to errors. Selling real estate needs a good network of buyers, often real estate is not presented publicly, but only internally as off market property.

Foreword – Free tips? Yes!

All my tips in this guide are free of charge for you. As real estate brokers, we broker real estate from 1 million Euro sales value under the category luxury real estate. We give you here gladly Tipps and cheat for your sales, free of charge, in detail and step by step explained. Please also pay attention to our links, here you will find more detailed information on the individual topics. Should you wish to sell your property with us: Do you know what our unbeatable advantage is? We independently reach more than 250,000 readers per month, which means 3 million people per year. We are independent from common real estate portals and reach a solvent, special target group. In addition, we offer internal buyer groups and investors in our Off Market area, to whom you have no access via usual offers. Read more here: Real Estate Agents.

Marketing, client base, negotiation, brokerage?!!

The longer one deals with the sale of houses and condominiums, the faster one realizes how complex the matter is. From meaningful renovations in the house before the sales, up to modern marketing in the customer master in addition, by digital media. From the simple search for house sales fast more complex searches become to sell house privately expiration and the realization, which costs private house sales much time, possibly smaller purchase prices brings and naturally risk.

With the sales of real estates, privately or over a real estate agency, many questions arise. From simple topics to the selling price up to more complex tax questions, like:

• Which documents do I need to buy a house?
• What kind of documents do you need to sell an apartment?
• What is the time schedule and duration of the house sale?
• Who pays the notary public at the sale of the house?
• Which documents does the notary need from me?
• Where can I find a private sample contract for my house sale?
• Selling a house without an estate agent – is that possible?

No time? Read more about selling a house quickly here.

Special Advisor? House, apartment, apartment building

Houses are characterized by the fact that they are inhabited only by a family, a couple or a person living alone. They have a garden, which is also owned by the owner. Not all single-family houses are inhabited by their owners. There is also the possibility to rent a family house with a garden. In almost all federal states, single-family houses are very popular as a form of living. The demand on the property market is correspondingly high.

Here are free guides for all frequent cases of sale:

• All tips: Sell a property
• Selling an apartment
• Selling a house
• Selling an apartment house
• Selling a plot of land
• Sell property: Heir
• Selling property: Divorce

Sell real estate: profitable, safe and fast

Once the sales price has been defined and the exposé has been drawn up, we are also happy to receive inquiries from interested parties on your behalf. In addition, we also arrange viewing appointments with the interested parties and carry out the visits. It is important to us that your house is sold according to your ideas and wishes. Once a suitable buyer has been found, we will also be happy to accompany and support you in concluding the purchase contract with the notary and making the entry in the land register.

You have now clearly seen the complexity and scope of a property sale, which is why you should rather avoid a private sale without an estate agent with the necessary knowledge. If you still want to sell without an estate agent, here is our XXL guide to selling a house. For:

• Single-family house
• Apartment house
• Reihenhaus
• Double house
• City villa
• Villa
• Designer house
• Country house
• Half-timbered house
• Building house / Cube
• Mediterranean house

Valuate house: Calculate purchase price

There are many questions to be answered, the best answer is an expert at your side for real estate valuation. The central criterion is often the location. Real estate prices vary regionally, sometimes considerably. Therefore only objects in the proximity may enter into the real estate comparison.

When evaluating a house, aspects of the micro and macro locations are just as important as the immediate location of the property: soundscape, view and lighting conditions interest potential buyers and influence the value of the property and the achievable price.

Before we get deeper into the matter of evaluation of location, building fabric, market value & Co., we first ask 3 basic questions which reach us in consulting discussions with customers:

• How can I value a property?
• Who determines the market value of a property?
• How does the bank value a property?

Fair value is defined as the price that is calculated at a certain point in time according to various criteria and that is realizable for the property in the ordinary course of business.

House sale: basics and procedure

Sell privately – Selling a property successfuly as a beginner is harder than you think. There are many things to consider and many mistakes that can be made. So you should inform yourself about the procedures from the beginning and be sure that you do everything right. You can of course consult an estate agent for support, but this is not always the best choice.

The right advertisement is the be-all and end-all for the self-marketing of a property. But there are also other aspects to consider. If you approach a house sale without help, you should be prepared for a lot of time and self-organization. This process can only be made easier if you have the right expertise on the subject.

Display: Headline, content and attention

There is nothing worse than your ad going under in the crowd. Short, sober descriptions bore potential buyers and are not very inviting. So make sure that the title is already written in a relaxed but serious way. You should use a language that is as rich in images as possible, which arouses emotions and thus attracts attention.

Think about the title that would catch your attention. Particular advantages of your property can be highlighted by formulations such as

‘elegant old building with stucco’ or ‘sunny south terrace’

be highlighted, because you appear enthusiastic and invite the real estate seekers directly. Try to lure the buyer already with the headline on, so that he clicks further on your advertisement.

Once the potential buyer is on your ad, two further factors can convince him or her of the property. The ad text and your pictures. In your text you should explain important key data of the property as well as the criteria of the property.

Among the key data are:

• Number of rooms
• District
• Balcony
• Built-in kitchen
• Floor
• Full bath
• Cellar rooms
• Etc.

Describe the location of the apartment, its advantages and also name the furnishings as precisely as possible. Particularly high-quality equipment, should be listed with manufacturer. This includes kitchen equipment, heating systems but also other objects that will remain in the property. Name in this connection on the costs for the distance payments for existing equipment and brokerage.

Also important is information such as rental price, additional costs and the size of the apartment in square meters. Ask yourself again: ‘What would I want to know about an apartment?’ and describe everything in detail.

• Cost price
• Incidental costs
• Size of the base area
• Size of the living space

Photos: daylight, open space and diversity

But the most important factor are probably the pictures. A buyer naturally wants to see as much of the property as possible to get an idea of whether the object could be something for him.

In order to take great pictures of your property, there are a few things you need to consider. First of all, the rooms should be tidy and clean. Nobody is attracted to pictures of a messy apartment, because potential buyers want to imagine living in the object when they look at the pictures.

You should definitely take the pictures in daylight, so that the rooms can be seen very well and the buyers can estimate how much daylight falls into the rooms. Your cover picture should be the most meaningful and represent the best of the apartment.

The most beautiful room, the roof terrace, the open kitchen or maybe the bay window with a view. The first picture should impress and make the prospective buyer want to see the apartment. Pictures of all rooms and if available the garden/balcony/terrace, an exterior view and above all a floor plan may not be missing in any case.

The floor plan should never be missing, since potential buyers can get an impression of the size of the individual rooms in relation to each other and can see the layout of the rooms better. A video is also possible, although it does not replace the viewing appointment, but gives the prospective buyer a good overview.

Photo tips at a glance:

• Clean and tidy rooms
• Daylight (speaks for bright rooms)
• First image should be the best photo
• Cover all rooms and surfaces
• Floor plan
• Ground plan

Example: House after renovation (increase in value)

Example: Outdoor area and real estate in full screen

Example: Interior with fireplace

Example: Garden with pond

Taxes: 2 years not taxed

Who would like to sell its real estate, must consider also from the fiscal side some. These concerns are divided into an owner-occupied property and a property used by others.

There is a two-year period for owner-occupied real estate. This refers to the notarization date for the purchase and sale of the property at the notary.

Between these two dates, there must be a minimum of two years so that you do not have to pay tax on the profit from the sale.

For real estate used by third parties, a different deadline applies. In this case there must be a whole 10 years between the two dates. But caution is required here, because there are special regulations. Whoever sells more than three pieces of real estate used by third parties within five years is assumed by the tax office to have a commercial intention and the profits from the sales must be taxed and this also applies retroactively if the tax office only recognizes later that the sales are to be attributed to the commercial trade with real estate.

Time and effort: Prepare well

If you simply place an advertisement on the Internet quickly, your chances of a successful sale are rather low. In advance you should prepare yourself well and acquire the necessary expertise. Therefore you should gather information about the regional real estate market in order to be able to estimate in which area your real estate is located. In addition, you should already have all the important documents ready, because prospective buyers want to see them and you are necessary for the further sale of the house. This includes copies of:

• Floor plan and site plan
• Extract from the land register
• Energy Performance Certificate
• Calculation of living space and land

Go through these documents again yourself to answer any questions you may have. Prepare your property for photos and viewings, muck out and clean up.

Assign an agent: Yes or no?

What to look for when choosing a broker and selling without a broker: The decision whether to sell your house with or without a broker has many different aspects.

An estate agent can help you with advice and support, apply his or her expertise, and take work off your hands and help you. However, he will receive a commission that could reduce your profit. So if you decide to sell your house without an agent, you should consider the following points so that you do not make unintentional mistakes.

Although you save the broker’s commission in a private sale, you have additional costs that should not be underestimated, as they can amount to several thousand euros. These include taxes (speculation tax), renovation work, deletion of the land charge in the land register, advertisements and notices, expert opinions (appraisal, energy certificate) or prepayment penalty in case of a prematurely terminated loan.

If you are selling privately, you will find here my list of recommendations for real estate online portals for private sale.

Checklist: Sales process in 12 steps

Checklist house sale: 12 steps for selling houses and apartments. This is how we market your property.

1. Realistic time planning and considered strategy for the sales phase
2. Sale with or without broker?
3. Do you have all the documents for the sale?
4. Is your real estate prepared for sale?
5. Is the sales price you have set realistic?
6. Planning the marketing strategy of the property and placing targeted advertisements
7. Establish contact with interested parties and prepare for questions
8. Prepare for questions and establish contact with interested parties
9. Arrange and carry out viewing appointments and market the property convincingly
10. Sales talks with interested parties as well as creditworthiness check
11. Draw up and prepare the purchase contract for signature
12. Appointment for notarization at the notary and transfer to the new owner

Documents: energy pass, land register and Co.

If you want to sell a house, you must have many documents at hand. The floor plan and the energy performance certificate are only some of them. The presentation of your property is also important, which is why we need beautiful and meaningful photographs for the exposé. Let us help you with the preparation of the exposé and benefit from our experience. An exposé is basically the first impression a potential buyer gets of the property, which is why it is so important.

We know what is important to potential buyers, we see immediately which special features deserve their attention and should be emphasized and which aspects should not be missing in the exposé. Because only if the house is attractively advertised, a buyer will be found. And only if a buyer is found, you can earn money with the property.

Sale price: Determine offer price

Many people base the price on what they once paid for the property and hope to get the value they invested back. However, this can be far below but also far above the current value of the property.

You can have the value of the property estimated or you can use current prices of similar objects as a guide. Crucial for the price is however the current supply-demand situation. So try to wait for the right moment and sell your property so profitably.

Valuation: Location, equipment and the special charm

But how much does the property actually earn you? Valuation is our greatest strength, but it also depends on where your property is located, what type of property it is, how old it is, what quality it has and what condition the fixtures and fittings are in. Unfortunately, it is not always important what you have already invested in renovation and refurbishment or what price you paid when you bought the property, but rather how the demand and supply currently presents itself.

This is exactly why it is almost indispensable to employ experts when selling your own property, who will carry out the valuation using local knowledge and industry expertise, so that you do not earn too little money, but also do not experience too much disappointment.

You already knew? We evaluate and analyze for you free of charge

Did you know? We evaluate and analyze for you free of charge! First of all, it is important to know which basic criteria have an influence on the evaluation of a house or apartment. For the evaluations all conditions are asked in detail. This includes:

1. Object data of the apartment
2. Equipment of the interior
3. Construction condition and facilities
4. Modernization measures
5. Individual object criteria of your apartment
6. City district and local connection (school, supermarket, etc.)

For comparison you will find here different real estate prices in Germany. Focused on the large conurbations of the individual federal states.

Real estate prices: Germany comparison

Real estate prices:

• Berlin
• Düsseldorf
• Frankfurt
• Cologne
• Hamburg
• Hanover
• Munich
• Stuttgart

Marketing of the offer

Putting an online ad online only at a portal reduces your chances of a good sale. You want to reach as large an audience as possible with the ad and should therefore offer it on several platforms.

But not only online portals are a possibility. Newspaper ads can also be effective. However, the classic newspaper market is saying goodbye more and more. If you sell privately, focus especially on real estate online portals for private sale.

Also use your social environment to spread the news of the sale. Maybe the friend of a friend is looking for a property just like yours. Use all possible platforms and thus increase your reach and your chance of a sale.

Observation appointment until contract conclusion

It is always a pleasure to see the exposé that has been prepared arouse interest and the first interested parties move. If the demand is high, this can quickly become stressful for you as a seller, especially if you have a job and private obligations at the same time.

Visit: First impression and simple tips

In addition, we will also carry out the agreed inspections in your interest. Of course we have the same goal as you: to sell your property successfuly and quickly.

No matter whether your real estate agent conducts the inspection alone, or whether you will be present at the inspection or whether you will let us conduct it alone: care and preparation are essential.

Your property should be well cared for so that the prospective buyer gets a good impression of it. A prospective buyer will want to make plans for the furnishings before he or she has even seen the property and will dream of sitting at the dining table with his or her family. If the property is then unkempt or dirty, the interest can quickly be lost.

Conclusion: purchase price, sales contract and credit rating

Once the inspection has been carried out and a number of interested parties have been found, the next step is to find out whether these interested parties are also in a position to buy the property at the desired price. In this case, your real estate agency will take all the necessary steps for you to check the purchasing power of the potential customers.

Once this step has been completed and the ideal buyer has been found, the step to the notary public must be taken.

When selling a house, there are a few rules to be observed to ensure that the sale of the house goes off as quickly and smoothly as possible. Sellers of a tenement house have to clarify certain tax law questions.
Only self-users are excluded from this regulation. In addition, incidental costs for the sale must also be taken into account.

Ancillary purchase costs: land transfer tax, notary costs & Co.

The decision to sell a home is associated with costs, but the buyer bears a large part of these costs. The registration in the land register is in many cases borne by both parties, as are the costs for the estate agent. Take these items into account if you are planning to sell your property. Taxes are not actually payable on the purchase price.
However, if you have inherited the house and wish to sell it before ten years have passed, you may be assessed for inheritance tax. The amount of the tax is based on your relationship to the deceased and your individual tax allowance. It is reduced by the amount you have already claimed under the inheritance.

Ancillary purchase costs in federal states differ

Ancillary purchase costs such as land transfer tax or notary fees vary from state to state.
If a loan for the house has not yet been paid off, it is advisable to negotiate a loan assumption with the seller. If you want to pay off the loan yourself after the sale, in most cases you will have to pay an early repayment fee to the bank. In order to obtain a fair market price, an expert opinion should be consulted.

Improve the appearance of the property

An important part of the sales process is also the presentation of the property. If possible, take pictures of your house from different perspectives. Pay attention to the lighting conditions. If you are not sure whether the photos are of sufficient quality, consult a photographer.

Before you sell your house, you should carry out any necessary repair work. Especially important are those works that will visually enhance your property.

Function of pipes and installations

Of course, all lines and installations should also work perfectly. A need for renovation will in any case reduce the value of your property. Also make sure that the entrance area and the front garden appear in a visually perfect condition.

This is very important for the first impression a prospective buyer gets. Clean out your house carefully. Old furniture should be removed. If you no longer live in the property yourself, it is best to hire a company to do the complete clearing out.

Documents and contracts

Make a list of the necessary tasks before the house sale. This will give you an overview of the things that need to be done to ensure a smooth sale. This includes the following points in the first instance:

1. Floor plans
2. Site plan
3. Extract from the land register
4. Fire insurance certificate
5. An overview of the service charges
6. Listing of all renovation work
7. Photos
8. The current energy certificate
9. The specification of the living space
10. Any existing rental agreements
11. If there are several owners, the indication of the ownership structure
12. A detailed description of the object

Floor plan and site plan

The floor plan shows the individual floors as well as a section through the floors of the house. The floor plan indicates how the house fits into its surroundings and which additional buildings are connected to the main house. These include garages or garden sheds and tool sheds. Before the sale, one should obtain an up-to-date extract from the land register and read through the existing entries thoroughly. Fire insurance is a mandatory document for real estate in Germany. For the buyer it can also be helpful for financing. In this case, the incidental costs include the operating costs such as water, electricity or gas.

Heating system

The type of heating is also decisive. Is it an oil-fired system, an electric heating system or a solid fuel firing system?

Different types of heating also cause different running costs. When listing the recent renovations, you should list everything that has recently been renovated or repaired. This includes mainly sanitary facilities or installations. The building description is optional. If it is still available, please add it to the sales documentation.

The living space calculation could already be available at your financing bank. You must obtain the energy pass and the pictures or have them obtained. An appropriately designed exposé belongs to the object description. For all these matters it is advantageous to consult an estate agent.

• Heating system

Down payment

There are two options for the down payment. One is made before the notarization and one after. However, a house sale is only legally effective when the notarial act is completed.
The buyer could ask for a refund of the deposit paid. A down payment after notarization can be considered in certain cases. If you sell your house and need to live in it for a while, a deposit can be paid in this case. This gives you time and money to prepare your own move. Even if the buyer wants to do some renovation work before moving into the new house, he can ask for a down payment. This gives him the right to do the work in the house.

However, moving in is only allowed after the purchase price has been paid in full.

Rental agreements

A house sale is more difficult and complex even if tenants live in it. Of course, the sale also changes the ownership structure. In principle it applies that a sales contract cannot break the existing renting relations.

In some cases, tenants have a right of first refusal, if this is provided for in the lease. When the house is sold, these tenants must therefore first be informed of this intention. However, a termination of the lease should be considered as a last resort. Terminations are justified if a tenant causes problems. This is usually the case when rent arrears accumulate. In addition, there are a number of points to consider when terminating leases. These are:

• Cancel the tenant for own needs
• Terminate the tenant for economic exploitation
• Termination due to renovation or demolition
• Termination due to serious misconduct of the tenant

An own use termination is possible if the owner wants to move into the rented apartment himself or if his close relatives need this property. However, this personal use can also be reviewed by the tenant in court. The own need must be justified therefore exactly. An advanced own use justifies claims for damages of the tenant. An economic utilization is also present in the case of a sale.

Delay due to existing rental agreements

An existing lease agreement could delay or even prevent a sale. However, this sale must be effectively justified by the owner. You must therefore prove why you absolutely want to sell the property. A termination due to renovation or demolition work must also be justified. This can be the case if the property has to undergo urgent renovation work due to building regulations. Serious tenant misconduct exists if there are constant rent arrears, noise pollution or disturbance of the peace of the house. Then you can easily give notice to the tenant.

The 8 biggest faults

You should pay attention to this – The decision to sell a house is not easy for many, but once it is made, there are 1000 questions at once.

You are inexperienced and not familiar with selling houses, the paperwork and the effort. Often, careless mistakes are made at this point and the topic of selling a house turns out to be a nightmare.

To prevent this scenario, there are some mistakes that you can directly avoid and thus save yourself a lot of stress. Most house sellers are rather inexperienced in this field and do not know where to start. Often a few pictures are taken and put on a real estate portal. However, the homeowners do not know what to expect, what you have to consider and what all is in store for you.

To avoid this uncertainty, the most important thing before selling a house is to inform and seek help from experts in the field.

Broker is directly excluded

Of course, it is also possible to successfuly complete a real estate sale without an estate agent. So before you decide for or against an estate agent, think about what makes the most sense for you in your situation. An estate agent can save you a lot of work and time when selling a property. He also advises you in financial and marketing matters.

So ask yourself the questions:

1. Do I have the time to organize, accompany and complete the entire house sale on my own?
2. Is my level of knowledge and my professional competence really sufficient to successfuly complete the sale without an agent?
3. Can I coordinate the sale alone on the fast moving, regional and targeted real estate market?

You should be aware that a property sale requires a lot of time, organization and expertise. An estate agent will receive a commission for a successful sale, but this can be recorded in an estate agent contract. In addition, the real estate agent will take care of all the work for you, such as the correct advertising of the property, arranging and conducting viewing appointments, the preparation of sales contracts and the presence at the notary appointment. So you have permanently someone competent with sufficient expertise at your side who can advise you in all questions.

Wrong time

The timing of the property sale is directly related to the selling price. So to get the best selling price, there are a few things you should consider. First, you should keep an eye on the property prices in your area for some time before the sale. These also fluctuate and show certain trends. Offer your house at the right time in order not to go down in the competition. But you should also keep an eye on the interest rates. This is the only way to ensure that you sell your house at the best price.

The right time is also important to consider the tax, because there is a so-called speculation tax. This means that the tax expires after ten years on the property. So you will not pay taxes from 2018 on a property you bought before 2008. So it makes sense to sell the property after the ten year period in order to make more profit. It is therefore advisable to keep important legislation and cost aspects of the real estate market in mind in order to achieve the best selling price.

Unprepared for viewing appointments

Potential buyers, are faced with the decision to make a large investment or not. So they want to play it safe and be 100% sure in their decision. So that you conclude the house sale successfuly, you should give potential buyers as much security as possible.

With an inspection date you should be prepared for many questions of the buyers and have a good answer to all of them. Often it is about the condition of the house – how old are the windows / doors? When was the last time renovated and refurbished? What kind of insulation is available? How high are the additional costs? and and and and – be prepared for all these questions and get detailed information about your house right from the start.

Ignorance can unsettle potential buyers or be an excuse to lower the price. Also be open towards appraisers and understand that their buyers only want to play it safe.

Market value is unknown

Every homeowner still knows how much he paid for his house and how much renovation, refurbishment etc. cost. However, it often happens that the value of the property differs from the original purchase price, as property prices are determined by supply and demand. So before you put your property up for sale, you should know the value of this knowledge.

You can have the property value estimated by an appraiser or an estate agent and thus know better what range you can move in the price.

Small defects in the house can reduce the value of the property and be a reason for potential buyers to lower the purchase price. So before selling, consider whether you can have small defects repaired beforehand and thus demand a higher sales price. However, experts or real estate agents can also help you with this decision and estimate whether such an investment is worthwhile.

You are not willing to negotiate

As a seller, you naturally want to sell your property as profitably as possible. However, you are faced with a buyer who is the happiest at the end of the day to make a profit.

Don’t spoil your chances of buying a house by not being willing to negotiate, but meet your buyer. There is only one thing that helps in negotiations and that is good preparation.

You should consider from the outset in which framework you can move and what is the absolute minimum for you. You should also have good arguments to justify your selling price. This includes, for example, a good infrastructure, the location of the house or special advantages of your property. An experienced real estate agent can also help you to prepare for a successful negotiation or even support you on site. Stubbornness can be a major hindrance and can unnecessarily prolong negotiations.

Get together and find a price that both parties are happy with.

Wrong / too few interested parties

Each property is particularly interesting for a certain group of buyers. On the one hand, this is due to the different characteristics of real estate, such as size, location and room layout, but also to the price range in which you move. S

hey must be aware that your property only appeals to a certain group of interested parties. In order to spread your offer as widely as possible and thus reach as many of your interest group as possible, you should publish your expose on many different platforms. These include, for example, real estate portals, newspaper ads, but also social media. Thus you have a larger range and attract more prospective buyers.

Exposé gives wrong impression

The exposé is one of the most important factors in the successful sale of your property. The exposé is the first thing a potential customer sees and should therefore make the perfect first impression.

A bad exposé can ruin even the most beautiful house. What you should definitely pay attention to are good pictures. It helps to have them taken by a photographer, but also self-made pictures can look great. Note that the pictures are taken in daylight and the room is easy to see. In addition, it should be tidy and clean so that the potential buyer immediately feels comfortable and can imagine living there. Take pictures of all rooms and preferably also the floor plan, so that the buyer can get a clear picture of the property. Also pictures of the garden or special features of the house are good.

In the text of your exposé, be honest in any case. Do not give the customer false hopes or exaggerate, because this will only lead to disappointment at the viewing appointment.

Purchase contract not properly checked

The sales contract and the appointment with the notary are the last steps on the way to a successful house sale.

At the notary’s appointment the purchase contract is read out again by the notary and both parties sign it. After this appointment the contract is legally binding and the sale is completed.
If you are unsure, consult a real estate agent in advance who will go through the contract and advise you. You can always make inquiries on the notary appointment itself, but the notary will not advise you. He is only responsible for ensuring that the contract is legally correct.

So to be absolutely sure that there are no hidden uncertainties, it is better to have the contract checked in advance.

Help! 10 broker tips for the sale

All you need to keep in mind – the kids are out of the house and it has become too big and too much work for you?

Maybe you can no longer afford to keep the house financially or you just want to move to another place. All these are reasons to sell your property, but such a sale is not an easy matter and should be well planned and organized. So that you don’t forget anything and are prepared for all eventualities, we have summarized the top 10 tips for selling your property.

Calculate the sales value realistically

The prices for real estate are very different in Germany. This depends above all on the location and size of the property. In rural areas, for example, prices are much lower than directly in a large city. So the best thing to do is to find out about the square meter prices in your area and compare them with prices for similar properties. In case of doubt, consult a consultant who will examine your house and estimate the value for you.

With a broker you have even the least effort. He takes care of the sale of the house from front to back, makes appointments for viewing and arranges the formalities. The real estate agent can, for example, make viewing appointments even when you don’t have time, because this saves you time and your property has a higher chance of being sold quickly. In addition, an estate agent has more expert knowledge than you and can also answer potential buyers’ questions about building fabric, location or technology.

Look at the costs very closely

As a real estate owner you have to consider many things. These include, above all, tax and cost issues. A tenement owner, for example, must pay tax on the profit from the sale of the property if he has owned it for less than ten years. In addition, the ancillary costs of purchase are waiting for him. For owner-occupiers the sale is tax-free, but here too guidelines must be observed and the credit checked. It is best to contact the bank and get direct advice from them.

Be positive towards appraisers

They must be able to understand the thoughts of potential buyers, because they are making a big investment and of course want to make sure that everything is right. Therefore prospective customers often consult experts, who are to take the house under the magnifying glass. Do not be intimidated or threatened by this, although the appraiser comes to your house, he only wants to determine neutrally whether everything is in order. So be open towards appraisers and do not close yourself off, because they would certainly want to do the same as buyers.

Clean out your house

A house in good condition has more chances of being sold quickly than one with many faults. It helps to put in already once a thorough cleaning day, before prospective customers come to the inspection, and naturally the house to clean up. In addition, a small more deeply going Aufhübschprogramm cannot damage, in addition belong small things, like for example the squeaking door to oils or the weeds in the driveway times again most thoroughly to dispose. Nowadays there are even experts who prepare a house specifically for sale.

Show your property in the best light

One of the most important tips to get your property well sold is to take great pictures of it. Good and many photos show the potential buyers your house in the best light and they can make the first impression, because it counts most. Take the pictures in daylight and make sure that all details and the advantages of the house are clearly visible. You can get a professional photographer to help you or try it on your own. It is also often a good idea to take pictures of the property furnished to give buyers a direct insight into what your new home could look like.
This can be more difficult if you are still living in the property, but you should place a container in front of the house in time and get rid of unnecessary ballast. Clean out the cellar, attic, garage and storage rooms and throw away everything that wastes space. But also make sure that there is enough space in the living rooms by storing decorations – like pictures – in boxes. The bedrooms in particular should be nice and airy and have as few private things as possible. The potential buyer should not feel like visiting you, but should be able to directly imagine the new furnishings.

Look at your house from the outside

The first impression is most important and that is what interested parties get from the outside. Before an inspection appointment is due, you should look at your house again from the outside and evaluate it as neutrally as possible. Try to arrange the front garden and the front door as beautiful as possible to leave a cultivated impression. This includes, for example, clearing the children’s toys out of the driveway, sweeping leaves or simply attaching a beautiful wreath to the front door.

Check the solvency of your buyer

You should definitely check the solvency of a potential buyer, because you don’t want to experience unpleasant surprises after the sale of the house. For this purpose, you can ask the buyer to provide a self-disclosure. But a credit check can also give you an insight into whether the buyer could be risky for you. It is best if your buyer can show you the bank’s financing commitment that he has obtained a bank loan to purchase the house. This way you can be very sure that the buyer will not give you any unpleasant surprises.

Keep important documents ready

If you are going to sell your property yourself, you should have all the important documents ready. This is important for a quick and uncomplicated sale. One of the most important documents:

• Official field map
• Extract from the land register
• Floor plans / building plan
• Calculation of living space
• Calculation of the converted space
• Energy Performance Certificate
• Building contract
• Proofs about monument protection regulations
• Leasehold contracts

… for rented properties:

• Copies of rental agreements and proof of rental income
• Settlements of operating costs for the past 3 years
• List of modernizations / renovations
• Handicraft invoices for all major repairs and conversions
• Guarantee certificates
• Invoices and operating instructions for installations such as heating, fireplace or kitchen and of course the maintenance certificates

Individual living: Sales factor own home (negotiation)

The term single-family home is initially used to describe a property inhabited by people with family ties. Unlike a rented or owner-occupied apartment, there are no areas in a single-family house that are shared with other people. An exception are single-family houses with granny apartments. This is a self-contained apartment within the single-family house, which has its own entrance, kitchen and bathroom. However, these apartments are often occupied by family members such as the owner’s parents or children.
This is especially true for detached single-family homes. This form of living is very individual. It offers much space and a large garden. However, the detached single-family home is also the most expensive form of living. The prices for the properties are higher than if you decide to buy an apartment.

Double and row houses

As an alternative to the detached single-family house, there are semi-detached and terraced houses. These forms of living are very popular, especially on the outskirts of large cities and in structurally strong regions. The plots of land are somewhat smaller because they are divided among several parties. The living space is also somewhat smaller. Nevertheless, semi-detached and terraced houses have the advantage over apartments that the building is inhabited alone. Corridors, cellars and entrance areas do not have to be shared with other people.

Individual living: Sales factor

Single-family homes are also considered a very individual form of living. This is especially true if the single-family home is designed by an architect based on the ideas of the future owner. The possibilities of the organization can be realized just as individually with the single family house as the size and the use of the building materials. In addition to the classic variants made of stone and concrete, wood or large-area glazing is used.

Completed real estate: Move in immediately

Very popular are detached houses, which are sold as a completed property. Since the construction of a house requires lengthy planning and costs a lot of time and energy, many customers who would like to live in a single-family house decide to buy one.
The value of the property depends on many different factors and is determined before the sale sometimes quite elaborately. Ultimately, however, the law of supply and demand regulates the determination of the purchase price. This means that in practice you can get more money for a single-family home in need of renovation, which is in a very good location, than for a new property without the need for renovation.

In addition to the detached single-family home, there are semi-detached houses and terraced houses which are cheaper to build or buy, but still enjoy great popularity.

Free-standing single-family house

The free-standing single-family house is characterized by four exterior walls. It is located at some distance from the neighbor and is therefore the form of living with the greatest freedom and individuality. This is especially true if the single-family home is located on a large plot of land and there is no neighbor within sight or hearing distance.

Free-standing single-family homes achieve very high prices when selling real estate compared to other forms of living. This is not only due to the individuality of the form of living. The detached single-family home offers many possibilities to realize your own wishes and ideas of living. This is especially true when the house is owned by the resident.

The detached single-family houses can be divided according to their construction. If you want to sell a detached single-family house, the type of construction has an influence on the pricing. As a rule, you can charge a higher purchase price for an architect’s house than for a prefabricated house.

Architectural house

When building an architect’s house you can best realize your individual ideas. Put your ideas on paper and then commission an architect with a design. You can determine almost all components of the house yourself. Choose the living space, number of rooms, roof design and building materials. The house will be built according to your specifications. The cost of an architect’s house can be twice as high as for a prefabricated house that you choose from the catalog. However, for this you have implemented your individual ideas exactly.

Solid house from the catalog

There are a large number of companies on the market that specialize in the development and marketing of single-family homes. You can choose a model and in many cases make individual adjustments. However, the size of the living space and the load-bearing walls are fixed and cannot be changed.
The solid construction can be realized in different variants. A high quality is achieved with the traditional stone-on-stone construction method. Alternatively, finished concrete elements are used. These can reduce the construction time to a few weeks.

• Solid house

Lightweight single-family houses

Lightweight construction is considered the cheapest and fastest way to build a single-family home. The houses are available in many different variants, and the prices are very reasonable in comparison with the other types of houses. The builder-owner celebrates the topping-out ceremony after only a few days. Lightweight houses have a service life of up to 100 years and their floor plan cannot be changed afterwards.

Free standing houses with granny flat

Detached family homes can be equipped with a granny apartment. These houses have a larger floor space. The granny annexe is already planned during the construction phase. A subsequent integration of the granny annexe is possible if the house has sufficient floor space.

Granny apartments can be planned in the attic, in the basement or on a gable side. It is important that they are self-contained. Both parties live alone and are not dependent on the premises of the other party.

Many granny apartments have their own entrance. This is a necessary feature especially if the granny apartment is to be rented out. Alternatively, the granny apartment can be reached via a separate entrance and stairs or another door.

The living space of a detached single-family home can vary considerably. Small single-storey single-family homes in bungalow construction start with living spaces of 80 to 100 square meters. The average living space is between 120 and 160 square meters. Architectural houses commissioned by wealthy customers can have living spaces of several hundred square meters. House companies offer their models with living spaces of up to 250 square meters.

Double houses

A semi-detached house will be built on a plot of land. The owner acquires a co-ownership share in the property. Alternatively, the property is divided.

The two halves of a semi-detached house are identical in construction. Often the living spaces are arranged mirror-inverted. The average living space is between 100 and 160 square meters.

Semi-detached houses are often equipped with a cellar and have a roof shape under which the attic can be developed. In this way it is possible to extend the living space.

The advantage over the terraced house is that there is a gable side and the garden cannot be reached only through the living room, as is the case with mid-terraced houses. There is also a larger garden, and a garage or carport can be built more easily.

The construction costs and the cost of the plot are significantly lower. However, it must be taken into account that the neighbors live next to each other within hearing distance in a semi-detached house. This is especially true for balconies and terraces, which in a semi-detached house are usually directly next to each other.

• Double house

Terraced houses

Terraced houses are identical to semi-detached houses in terms of their construction. The property is divided among the co-owners or newly surveyed. This reduces the construction costs for house and plot. The architecture of the terraced houses, which are built together, do not differ from each other. Here, too, the outbuildings are often mirror-inverted because this gives a more attractive appearance.

In addition to the problem of proximity to the neighbors, the row house is also affected by the poor accessibility of the garden in the middle houses. The path leads through the living room or, if possible, around the entire row of houses. In addition, the middle houses have two neighbors within hearing distance.

Basement or utility room

The heating system, the boiler for the hot water preparation and all connections necessary for the supply of the house can be installed in the cellar or in the utility room. The cellar has several advantages. It increases the available living space and offers many possibilities for individual use. These include the extension of the living space or the creation of a room for the practice of hobbies. The cellar can be equipped with its own access and offer storage space for bicycles or garden tools. It is also possible to furnish an office.

A room in the basement is regularly reserved for housekeeping. Thus the cellar offers many advantages. The disadvantage is the high cost of building a cellar. Very large houses can also have a partial basement. Nevertheless, the additional costs compared to a basement slab are usually in the five-digit range.

If a cellar is not built, a room on the first floor must be set up for all connections and the installation of the heating system. This is a disadvantage, since less living space is available. On the other hand, the costs for building the house are not as high.

When reselling, the cellar always increases the value of a house. If you, as a builder-owner, decide to build a cellar, this is definitely considered a worthwhile financial investment.

Garage, carport and outbuilding

Single-family houses are often extended by a carport or a garage for parking the vehicles. The outbuildings can be extended with rooms for garden tools or bicycles. Older single-family houses are often connected to outbuildings that were used as utility rooms in earlier times. These buildings often have a very good solid structure and can be used in many different ways. They increase the value of the property when sold, especially if they are in a good or very good refurbished condition.

• Carport

Garden: Nature and recreation in your own home

Each family home has a garden attached to it, which can be very different in size. Older houses often have very large gardens. The reason for this is that the owners were self-catering and grew their own fruit and vegetables in the garden. With newer properties, the gardens are smaller and easier to maintain. This is due to a change in living structures.

Many owners of owner-occupied homes are involved in their work and have to accept further distances than before. A garden, which is very labor-intensive, is no longer desired. Small and low-maintenance gardens serve for recreation and relaxation. They are laid out with lawns or evergreen plants. The areas where fruit and vegetables are grown are much smaller than in earlier times.

In the context of real estate sales, a garden has a value-enhancing effect above all when it is very well maintained and at the same time easy to maintain. The size of the garden should be between 600 and 1,500 square meters if a value-enhancing component is to be achieved.

Sell inherited house

In most cases, the heirs decide on the inheritance. Even if the property is located far from the heir’s place of residence. But in exactly this situation the question arises what to do with the property. If neither inhabiting nor renting the house is an option, the most common consideration is to sell the inherited house.

After a house is inherited, the first step for the heir is to go to the local court. There the certificate of inheritance can be requested. This measure should also be taken if the heir is only claiming the compulsory portion. The certificate of inheritance identifies the heir as the rightful owner of the property.

The certificate of inheritance is issued by the probate court. The competent probate court is always the district court of the last residence under which the deceased was registered.

At the appointment at the probate court, the heir must prove his claim to the inheritance. This can be done through the public will, the inheritance contract or by proving the relationship with the accompanying legal succession.

• Read on: Inherited house for sale

Sell house after divorce

Those who choose to marry and be married, in most cases, have the intention to spend their life with their spouse forever and share everything that belongs to them. Nobody thinks during a marriage about the fact that there might be a divorce one day and that there might even be arguments about belongings. But in 2017 the divorce rate in Germany was over 36 percent, which shows that unfortunately not all marriages last forever. Often fraud, daily life including routine or even financial problems are the reasons for divorce.

• Selling property in case of divorce

Increase in value through conversion ?

An old property can be put to new use by a house conversion. Small rooms can be merged. Alternatively new rooms can be created. By extending the attic or the basement even new square meters can be gained. This opens up many possibilities for the current residents of the house, but can sometimes also be useful if you want to sell your house. Especially for old buildings with small rooms, a conversion can work wonders and attract more buyers. However, conversions involve a lot of effort and a high financial outlay. You should therefore only use it to increase the value of your property if your chances on the real estate market improve noticeably as a result.

• Selling a house and increasing its value

Der Beitrag Sell your House: Without a realtor?! Documents, taxes & costs – what to consider? erschien zuerst auf ℄ Real Estates.