Selling an apartment building in Frankfurt am Main: step by step

Let’s start with the basic question: How much is your apartment building in Frankfurt 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 Frankfurt: What to look out for?

There are some important aspects to consider when selling your apartment building in Frankfurt am Main:

1. Location and property prices: Demand for real estate in Frankfurt 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 Frankfurt

Frankfurt am Main is an international financial center with a high demand for living space. Regardless of the district: Sachsenhausen-North, Sachsenhausen-South, Nordend-West, Westend-South, Westend-North, Nordend-East, Bornheim, Bockenheim, Ostend or Rödelheim. 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 Frankfurt is very dynamic, it is advisable to use an experienced estate agent. An estate agent has the necessary contacts and can help you approach potential buyers and speed up the sales process.

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

When selling your apartment building in Frankfurt, 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 Frankfurt.
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.

Real estate & tax coaching

Do you need further support with the sale of your apartment building in Frankfurt? 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

Tether (USDT): Facts, Figures & Price

Among the top ten most popular cryptocurrencies is Tether. And not without reason! Compared to Bitcoin, Ethereum and Co. it is a stablecoin. The value of Tether is therefore tied to a fiat currency and thus replicates the value of fiat money 1:1. This means that the price of Tether always remains stable and hardly fluctuates, except for a few slight fluctuations.

So why invest in Tether if it is not a completely independent cryptocurrency? It’s simple: due to its low risk, Tether allows previous crypto novices to enter the world of the blockchain and is considered a good indicator for short-term forecasts.

BitCoin, cryptocurrency & blockchain? What does it mean? Learn more about BitCoin, Cryptocurrency & Block Chain here!

Here are all the facts and figures about Tether (USDT):

• Cryptocurrency: Tether (USDT)
• Inventor: Brock Pierce
• Publication: 2014
• Consensus Algorithm: Proof of Work & Proof of Stake

Intraday (current daily price during the course)

The current Tether rate during the day.

Month: 30 days review of USDT

Here you can see the tether rate for the last 30 days.

Year in progress: 12 months

Here you can see the Tether rate for the last 12 months.

Total runtime

Here you can see the tether rate for the entire term.

Crypto alternatives: Litecoin, Ripple and EOS

There are now over 4,500 cryptocurrencies. While that sounds like a large amount, only just under 100 of them reach a daily trading turnover of $1,000 or more. Other popular crypto alternatives to Tether include Litecoin, Ripple and EOS! You can find out more about the individual cryptocurrencies here.

Litecoin (LTC): Fast hashing thanks to Skrypt

As a digital currency, you can use Litecoin to pay for services and goods. The cryptocurrency is also very popular as an investment and in currency trading. The special feature of Litecoin: The hash algorithm Scrypt allows an increased transaction speed – while the integrity of the blockchain is still guaranteed!

• Litecoin

Ripple (RXP): Open-source protocol for international payment transactions

With the XRP Coin, Ripple is also considered a digital currency, but compared to other cryptocurrencies, it is not based on the blockchain. Ripple sees itself more as an open-source protocol for a payment network. The goal: to make international payments cheaper, faster and more efficient.

• Ripple

EOS: The improved Ethereum 2.0

EOS is rightly enjoying its popularity. After all, it is not only a cryptocurrency, but also a complete platform for blockchain-based applications. Thus, smart contracts and dApps can also be created with EOS. Compared to Ethereum, transactions are free and in case of a hacking attack, the blockchain is restored to its previous intact state. The makers of EOS.IO have also abandoned the previously popular Proof of Work consensus algorithm.

• EOS

Cryptocurrencies: List

BitCoin, BitCoin Cash, Ethereum, Litecoin, Dash, Ripple, Zcash or Binarcy Coin: they are considered the answer to traditional means of payment. The digitization and decentralization of money makes banks superfluous. Only buyers and sellers are responsible for the control and security of their digital money. You too want to invest in Bitcoin & Co? We have an overview of the most popular cryptocurrencies here.

• Cryptocurrencies: List