Selling an apartment building in Hamburg: step by step

Let’s start with the most frequently asked question: How much is your apartment building in Hamburg actually worth? Then you will learn about all the steps of the sales process, right up to handing over the keys.

Determine the value of your apartment building

The value of your apartment building depends on various factors, including the property location, the size of the apartments and the condition of the property. An informed, market-oriented purchase price is crucial for a successful sale.

How to value an apartment building

The valuation of an apartment building is based on specific methods such as the comparative value method, the asset value method and the capitalized earnings value method. A combination of these methods provides a realistic market value.

At least two of these methods are usually used to determine an exact value.

• Valuate apartment building
• Typical evaluation procedures
• Free evaluation by experts

Selling in Hamburg: What to look out for?

When selling your apartment building in Hamburg, you should consider a few important aspects:

1. Location and property prices: The target group of buyers depends heavily on the location and current property prices.
2. Documents: Make sure that you have prepared all relevant documents such as floor plans, land register excerpts and tenant lists.
3. Good contacts or an estate agent: An experienced estate agent can help you to organize the sales process efficiently and to approach the right buyers.

Location and property prices: The buyer target group in Hamburg

Hamburg is a sought-after real estate market with high property prices. Whether Altona-Altstadt, Altona-Nord, Altona-Altstadt, Eimsbüttel, Hoheluft-West, Eppendorf, Rotherbaum, Sternschanze, St. Pauli or Harvestehude. The target group of potential buyers is looking for long-term investments and is prepared to pay corresponding prices.

You need to reach people who focus on long-term investments and do not need immediate cash flow.

Documents: Floor plans, land register excerpt, tenant lists, etc.

Before you start the sales process, make sure you have all the necessary documents for the property sale ready. This includes, among other things:

1. Land register extract
2. Parcel map
3. Building plans and building permits
4. Refurbishment status
5. Tenancy agreements and tenant list
6. Operating cost statements
7. Energy certificate
8. Status report or expert opinion

Good contacts or a good broker

As apartment buildings in Hamburg often fetch high prices, it is advisable to consult an experienced estate agent. An estate agent has the necessary contacts and can help you to approach the right buyers and achieve the best possible price.

Ultimately, it is always a personal question as to whether you want to sell with or without an estate agent.

Taxes when selling in Hamburg: What will you have to pay?

A quick look at the tax aspects of selling your apartment building in Hamburg:

1. Speculation tax: Sale within the speculation period is subject to tax.
2. 3-object rule in Hamburg.
3. Asset & share deals: differences in taxation depending on the sales structure.

Speculation tax: selling tax-free?

The speculation period is generally 10 years for rented properties. If you sell within this period, you must pay tax on the profits. After the period has expired, the sale is tax-free.

Further details on the 3-property rule and asset deals vs. share deals can be found in our article here.

Real estate & tax coaching

Do you need further support with the sale of your apartment building in Hamburg? We offer real estate and tax coaching by experts and investors. Contact us for more information:

• Real estate coaching
• Real estate tax coaching
• Contact us

Also discover our resources for real estate beginners:

• Real estate beginners

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Selling an apartment building in Bonn: step by step

Let’s start with the basic question: How much is your apartment building in Bonn actually worth? Find out everything about the individual steps of the sales process, from the valuation to handing over the keys.

Determine the value of your apartment building

The value of your property depends on various factors, including the location, the size of the apartments and the condition of the building. A realistic selling price is crucial to attracting potential buyers and successfuly completing the sale.

How to value an apartment building

The valuation of an apartment building is carried out using various methods such as the comparative value method, the asset value method and the income capitalization method. A thorough valuation, taking into account all relevant factors, is essential in order to correctly assess the value of the property.

As a rule, at least two of these methods are combined to determine a realistic market value.

• Valuate apartment building
• Typical evaluation procedures
• Free evaluation by experts

Selling in Bonn: What to look out for?

There are some important aspects to consider when selling your apartment building in Bonn:

1. Location and property prices: Demand for real estate in Bonn is high, which has an impact on land prices. The location of the apartment building therefore plays a decisive role.
2. Documents: Make sure you have prepared all relevant documents such as floor plans, land register excerpts and tenant lists to make the sales process run smoothly.
3. Good contacts or an estate agent: An experienced estate agent can help you approach potential buyers and organize the sales process efficiently.

Location and property prices: The buyer target group in Bonn

Bonn is known for its attractive residential locations and high quality of life. The target buyer group is often investors who are looking for long-term returns and are prepared to pay corresponding prices.

You need to appeal to potential buyers who want to make long-term investments and are not just looking for short-term returns.

Documents: Floor plans, land register excerpt, tenant lists, etc.

Before you start the sales process, make sure you have prepared all the necessary documents for the property sale. This includes, among other things:

1. Land register extract
2. Parcel map
3. Building plans and building permits
4. Refurbishment status
5. Tenancy agreements and tenant list
6. Operating cost statements
7. Energy certificate
8. Status report or expert opinion

Good contacts or a good broker

As the real estate market in Bonn is very dynamic, it is advisable to use an experienced estate agent. An estate agent has the necessary contacts and resources to approach potential buyers and speed up the sales process.

Taxes when selling in Bonn: What do you need to consider?

When selling your apartment building in Bonn, you need to consider various tax aspects:

1. Speculation tax: Check the speculation period to enable tax-free sales.
2. The 3-object rule in Bonn.
3. Differences between asset deals and share deals and their impact on taxation.

Speculation tax: selling tax-free?

The speculation period is generally 10 years for rented properties. If you sell within this period, you must pay tax on the profits. After the period has expired, the sale is tax-free.

Further details on the 3-property rule and asset deals vs. share deals can be found in our article here.