Favorable follow-up financing to the real estate loan?

You can choose between three different financing options for follow-up financing. Experts will check the best conditions for you and advise you in detail on the forward loan, the prolongation and the rescheduling of the real estate loan. Which follow-up financing is suitable for you depends on various factors and requires optimal planning.

The most frequent questions in consultations

• How high are the interest rates for follow-up financing?
• How does the follow-up financing work?
• What does follow-up financing cost?
• When can you do a follow-on financing?

Roughly speaking, the following applies to follow-up financing (rule of thumb)

If the new interest rate is at least 0.2% below the previous one, the debt restructuring is worthwhile.

What do I have to consider?

• Early start of planning
• Save equity capital
• Check offers thoroughly
• Negotiate with your bank advisor
• Tip. Not only interest rates, also pay attention to the ancillary conditions
• Set monthly installments
• Optimize them so that you make all repayments safely, regularly
• If possible, make additional special repayments
• Tip. Also use your special termination option

After 10 years, you can reschedule and make use of your special termination right, more on this in a moment, after the tips the next bank appointment.

Real estate financing: How the bank thinks – Video Tip

The following two videos give good insights into the mindset of banks with “Internals on Lending” and “How to Prepare for a Bank Appointment”.

Video: Internals on lending

For more information, check out this video by Alex Fischer:

Video: How to prepare for the bank appointment

Follow-up financing before expiry of the fixed borrowing rate

Would you like to refinance earlier due to an older and high-interest property financing and not wait until the fixed interest rate expires?

After 10 years, you can reschedule and make use of your special termination right without your desire for a cheaper loan for your property being accompanied by an early repayment penalty for the bank. In terms of follow-up financing, low interest rates are the first choice of our customers. Keep in mind that a low interest rate alone is not enough if the terms and conditions elsewhere do not suit you. We will find your personal follow-up financing and make you an offer that suits you in its entirety.

Compare the advantages of individual follow-up financing

Identifying the best terms on an offer requires a lot of know-how and core expertise in evaluating follow-up loans. Your lender will take this task off your hands and recommend a loan that matches your desire for follow-up financing in terms of its orientation and contractual basis.

Each lender’s condition offer is unique and tailored to your needs.

There is no blanket, for every property owner equally suitable follow-up financing with primary advantage. First and foremost, it depends on the right choice of loan and on the conditions and terms of flexibility that suit you.

Calculator: rate, repayment rate, residual debt

What will your planned construction financing cost you? But much more important in everyday life, how high will your monthly burden be and what happens if the repayment rate changes later? How high will the remaining debt be at the end of the fixed interest rate? Many questions, this rate calculator gives you all the important answers to rate, repayment rate and residual debt.

• Rate calculator

Stuttgart districts: popular and sought-after residential areas in the state capital

Stuttgart is not only a well-known production location, but also the sixth largest city in Germany. Over 600,000 people have settled here. And more and more people are drawn here. The 152 city districts are divided into 23 boroughs. Numerous parks, which form a green belt around the city centre, enhance the quality of life and living in the city. Thus, recreational and leisure opportunities are offered here. Especially inviting for day trips are the Schlossgarten, the Rosensteinpark or the Park am Killesberg. As already mentioned, the city is a strong business location with branches of world-famous brands such as Daimler and Porsche.

Stuttgart inspires with its high quality of life and living

Here is the largest and the most populous district:

• Stuttgart-Vaihingen is the largest urban district in terms of area.
• Stuttgart-Bad Cannstatt is the city district with the highest population

Stuttgart: Map and location

The capital of Baden-Württemberg is located in the southern west between the cities of Ludwigsburg and Tübingen. Stuttgart is not only attractive because of its infrastructure, booming economy and the diversity of the capital. Its location also makes it a popular place to live, as neighbouring Switzerland and Austria are within easy reach by car.

Popular districts of Stuttgart: Birkach, Nord, Degerloch & Co.

Here you will find an overview of the most popular and sought-after districts in Düsseldorf. These include Birkach and Stuttgart-Nord, among others. In addition to a brief summary of the respective property market, you will also find the area, population and population density of the district.

Here are the most popular places to live in the state capital:

• Birkach
• Stuttgart-North
• Degerloch
• Stuttgart-Mitte

Birkach: Rural idyll in the big city

The district of Birkach is one of the smallest districts in Stuttgart and is particularly popular with families and people looking for recreation due to its rural idyll.

• Area: 300 ha
• Population: 7,149
• Population density: 2,383 inhabitants per km²
• Read more here: Selling real estate in Birkach

Stuttgart-North: Attractive area close to the city centre

The demand for living space in the Stuttgart-Nord district is high, the district is still in the inner circle of the city, the centre is therefore quickly accessible.

• Area: 681.5 ha
• Population: 27,629
• Population density: 4,054 inhabitants per km²
• Read more here: Selling real estate in Stuttgart-Nord

Degerloch: Villas and vineyards

The district of Degerloch is located south of the city centre and is home to numerous villas between vineyards. The most expensive adresses in Stuttgart are located here.

• Area: 802 ha
• Population: 16,686
• Population density: 2,081 inhabitants per km²
• Read more here: Selling real estate in Degerloch

Stuttgart-Mitte: Good infrastructure on Königsstraße

The Stuttgart-Mitte district is located in the heart of Stuttgart. Numerous shops have set up shop on Königsstraße.

• Area: 380.6 ha
• Population: 23,956
• Population density: 6,294 inhabitants per km²
• Read more here: Selling real estate in Stuttgart-Mitte

Selling real estate in Stuttgart: Hiring an estate agent or selling privately?

If you want to sell your property independently and without professional help in Stuttgart, you take high risks, because the sale of a property should be well considered. Most property sales take place due to a change of job, the desired increase or also because of a move to a desired area. So why is it worth hiring a real estate agent?

Private sale: The biggest challenges

Whether it’s a maisonette, a detached house or a semi-detached house – selling a property is a complex process that only a few private individuals see through. Many sellers of a property completely misjudge the effort alone and are then quickly overwhelmed or do not find buyers. In the worst case they even let themselves be “ripped off”. Without a professional brokerage firm, the sale of one’s own property can then become a real test of endurance, which is to be avoided.

Here is a summary of some of the disadvantages:

• Lack of expertise
• Poor organization
• Too little time
• Lack of negotiating skills / sales talent

Tasks of a real estate agent: exposé, purchase negotiation & Co.

A good real estate agent can provide you with the missing expertise you need to sell a house or condo, and take the time out of the entire selling process that you surely lack, because selling a property takes time. So don’t take any chances and avoid ending up with a sale price that is too low or suffering personally from the stress.

Benefits: Expertise, negotiation skills & a stress-free sale.

Here is an overview of all the tasks of the real estate agent:

• Valuation
• Real estate marketing
• Preparation of an exposé
• Carrying out and planning the viewing appointments
• Purchase negotiations
• Processing and drawing up of the purchase contract
• Handover of keys

Advantages of a real estate agent: Expertise & experience

Especially the development of the price with future perspective and possible fluctuations can often only know a professional. A good real estate agent team have many reports, current data, years of experience as well as special additional information that allow us to sell your property professionally.

Benefits: Expertise, experience, negotiation skills & a stress-free sale.

You want to buy a property and are therefore in a hurry to sell your current property? Or you want to buy an apartment building as quickly as possible in order to rent it out lucratively? The right real estate agent at your side gives you enough time and freedom to focus on your future planning.

Property valuation: Important criteria & tips

In addition to the know-how and the necessary time, a competent real estate agent also brings everything necessary to first determine the value of your property, which is the first and most important step. Because before you place ads or contact potential buyers, you first need to know how much your property is worth.

Valuing real estate: These factors influence the purchase price

An advertisement is not simply placed, but prospective buyers must also be attracted. In addition, you do not want to sell your property below value. Therefore, it is indispensable to have a good plan before it “really starts”. Above all, this plan should be in place before the ad is published. This plan should contain certain preparations that will steer a sale on the right track from the very beginning.

So an estate sale needs one thing above all else:

Planning, planning, planning!

And this already starts with the property valuation. The following factors determine the amount of the purchase price:

• Location
• Infrastructure
• Connection to schools & hospitals
• Year of manufacture
• Building fabric
• Equipment

Valuation: Avoid mistakes!

The valuation always forms the beginning of the sales process of a property and should therefore also be carried out with the necessary care. However, it is precisely this determination of value that is extremely complicated and can quickly present the uninformed with a major challenge. If mistakes are made in the valuation, the whole process usually suffers and you do not receive what you had in mind for your property.

Reading tip: Valuing real estate

Determining the purchase price with the support of a real estate agent

Especially people from outside the industry often find it very difficult to estimate the selling price and then make mistakes, which you can quickly avoid with the help of an expert. Do not underestimate the importance of the valuation and trust an experienced professional. Also, please do not confuse the value to be assessed, which you may still be able to approximate, with the complex background that the real estate market has to offer today.

Our advice: Be sure to have a professional assist you with the valuation.

Procedure of the sale: documents, exposé & inspection

Likewise, marketing involves a great risk of mistakes and disadvantages for the seller. In addition to the communication with potential buyers and the presentation of the property, it also requires good negotiating skills and the preparation of the necessary documents.

Important documents: floor plan, site plan & Co.

The preparations that a real estate agent can help you with relate, for example, to obtaining all the necessary documents such as floor plans, the extract from the land register or a site plan. These will be needed later not only for the exposé, but also for the settlement.

Here is an overview of the most important documents:

• Energy certificate
• Floor plan
• Land register excerpt
• Site plan
• Invoices from renovations & maintenance

Exposé: energy consumption, photos and important key data

Birkach, Mitte, Nord or Degerloch – The exposé should never be created and presented lightly, but must contain all important information and facts such as energy consumption. In addition to the important documents, expressive photos are of course also important to convince the prospective buyer.

Viewing of the property: support and answering of important questions

Also, please do not underestimate the amount of time that is required when the first interested parties then come to view the property. These visitors must also be looked after and possible questions should be answered correctly immediately. If private persons offer such viewings, it happens quickly that potential buyers do not feel well informed or become suspicious due to errors in the documents or an overstrained seller and want to buy somewhere else.

Reading Tip: 11 Tips: Here’s what you should keep in mind when visiting

Conclusion: Selling real estate in Stuttgart

The real estate market in Stuttgart is currently very lively and prices are continually rising. The sale of a property is a complex process in which an inexperienced person can quickly lose the overview. Let an expert assist you with the sale of your property, you will save a lot of stress and effort and avoid financial losses due to ignorance.

Degerloch: Elegant district full of luxurious villas

Over 600,000 people now live in Stuttgart – the capital of Baden-Württemberg. The surrounding nature is characterized by mountains and hills, while in the city center surrounded by exclusive boutiques, delicious restaurants and cozy bars the lively life prevails. While the thriving economy inspires mainly entrepreneurs and investors, the multitude of green spaces, parks, monuments and sights attracts mainly couples and families here – Stuttgart has something to offer for everyone.

Degerloch: Map and location

In the south of Stuttgart, just before the district of Birkach, is the district of Degerloch. The district in the south of the city is home to the most expensive adresses in the city: Numerous villas as well as detached homes with large gardens characterise the cityscape. Approximately 8,500 people live in the Degerloch district, and 16,400 people live in the entire district of the same name.

Degerloch inspires with its architecture, the breathtaking mansions of past times and the many well-kept green spaces and parks. See more here in Streetview:

Sell real estate: Apartment, house, apartment building

So you want to sell your property in Degerloch? In order to present your property as professionally as possible, it is advisable to call on the expertise of an experienced real estate agent. After all, a property sale always involves a lot of organisation and time, and not only you but also your buyer are interested in a quick and efficient transaction. Especially with regard to the different types of houses and apartments, the respective sales processes differ.

Whether villa, maisonette or bungalow – here you will find all the advice and tips at a glance:

• Sell apartment
• Sell house
• Sell apartment house
• Sell land
• Overview: Sell real estate

At the very beginning of the sales process is the property valuation:

Real estate valuation: Valuation for the sale of real estate

You want to buy a property and are now in a hurry with your current property sale? Or you want to buy an apartment building in order to rent it out lucratively? Even if you are in a hurry, always choose your selling price wisely. If the purchase price is realistic, you can enjoy great demand. However, if it is too high or too low, you will scare off prospective buyers and lose time and, in the worst case, even money!

Here we show you which factors influence the purchase price – with our free guides and tips:

• Rate apartment
• Rate house
• Rate apartment house
• Valuing property
• Overview: Valuing real estate

Selling real estate in Degerloch

The quality of life in the district is not only excellent due to the good infrastructure, but also due to the sights and the leisure activities offered in the district. On the viewing platform of the TV tower you have an overview of the entire city. Particularly attractive for a day trip is also the funicular railway with which you can reach the extensive forest cemetery.

Popular property types: House & Condo

As in Birkach and North, single-family homes and condominiums are the main focus of interest for new residents in Stuttgart-Degerloch. Multi-family houses and building plots with multi-family development are also attractive for this area of the city.

Particularly popular: single-family houses & apartments

Especially in overheated markets, such as in Degerloch, inexperience can quickly lead to mistakes that can cost you cash. Especially in the valuation and sales negotiations, you should rely on the knowledge and experience of a specialist brokerage team.

Sale of existing real estate & new construction in Degerloch

Properties that are in top condition when sold are naturally particularly popular on the market. This is also true for the real estate market in Stuttgart and especially for Stuttgart-Degerloch. So if you would like to offer a property that is still new or that has no need for renovation, you are usually guaranteed success in the sale in the very short term.

Short-term sales success for properties in top condition

Sale of real estate in need of renovation

Whether an apartment in an old building, a detached house or a bungalow – properties in need of refurbishment often find a buyer in Stuttgart-Degerloch at short notice. The advantage of a property in need of renovation is not only the lower purchase price. The buyer has the possibility to design the property according to his ideas.

Advantages: Low purchase price & free design of the buyer

In an exposé, this person presents the advantages of their property. It indicates in which areas there is a particular need for refurbishment. When selling properties in need of renovation, it is particularly important to provide the prospective buyer with comprehensive information.

Not sure if your property is ready to be sold? Here are the advantages of selling a property in need of renovation:

• Advance forecast of the purchase price possible
• New room layout possible
• High rents due to modernisation

Whether Degerloch, Birkach or North – an experienced team of estate agents will recommend how you can make the description of your property in need of renovation more conducive to sales.

Hire a real estate agent or sell privately?

Would you like to sell a (multi-family) house or even a plot of land in Stuttgart-Degerloch? Interested parties will usually be found very quickly, so that a sale can be completed quickly and successfuly. Especially if you trust an experienced real estate team!

Tasks of the real estate agent: Exposé, viewing appointments & Co.

If you are planning to sell your property in Stuttgart-Degerloch, a real estate agent will be happy to support you with a lot of experience in your project. Real estate agents know the real estate market very well. They will be happy to accompany you through the various stages of selling your property, from the initial decision to buy to the completion of the purchase contract with the new owner.

Reading Tip! Off Market: Selling real estate anonymously and discreetly

Here is an overview of the tasks of a real estate agent:

• Valuation
• Real estate marketing
• Preparation of an exposé
• Carrying out and planning the viewing appointments
• Purchase negotiations
• Processing and drawing up of the purchase contract
• Handover of keys

From the valuation of your property to the creation of a meaningful exposé to the management of viewing appointments and sales negotiations, you get the full service from a single source. Simply arrange a free and non-binding consultation appointment and present your property.

Mistake in the private sale of real estate: missing documents

The biggest mistake in private sales is based on missing documentation. Obtaining most of the documentation is costly and will result in you having to wait and present your case at various offices. This is underestimated by many sellers! After all, you need the documents not only for the exposé, but also for the processing of the sale.

Always make sure that all important documents are there!

In any case, you should always have the following documents ready:

• Energy certificate
• Floor plan
• Land register excerpt
• Site plan
• Invoices from renovations & maintenance

Expertise of the real estate agent convinces!

Experienced real estate agents have numerous reputable contacts in the Stuttgart real estate market. The task of a professional real estate agency is to observe the market and to know which properties are particularly in demand among potential buyers. Here, too, the following applies: It doesn’t cost anything to ask! Send your meaningful description of your property to a reputable real estate team. This will save you a lot of time, effort and money.

Conclusion: Selling property & land in Degerloch

Stuttgart-Degerloch offers you and your property the best conditions for a quick and lucrative sale of your property. The district itself offers all the advantages of well-kept urban living in terms of culture, nature, schools, shopping and healthcare. In addition, there is the excellent accessibility to the city centre, where living is considerably more expensive than in Degerloch. In order not to “burn out” as a seller in the highly overheated sales environment, it is advisable to plan and execute the sale with a competent and experienced real estate agent.

The most common questions include:

• What are the costs of buying real estate?
• How high are the ancillary purchase costs for a property?
• What are the costs of owning a condo?
• How much is the land transfer tax?

Big differences: land transfer tax in Germany

It is easily overlooked: The land transfer tax when buying a house, an apartment, a plot of land! Although each buyer pays this tax only once – namely when buying – but it can be up to 6.5% of the purchase price. Thus the purchase additional expenses are driven up substantially. Because this tax lies in the sovereignty of the respective federal state, there are considerable differences in the land transfer tax in Germany. With 3.5%, Bavaria and Saxony are the most favorable. If you want to buy a house in Hesse or North Rhine-Westphalia, for example, you have to pay the top rate of 6.5%.

The purchase cost calculator calculates which additional purchase costs are incurred when purchasing a property. Because with every purchase of real estate, regardless of whether it’s a condominium, single-family or multi-family house, ancillary purchase costs are incurred, some of which are not insignificant. In view of the large sums and amounts involved in the purchase of a property, the ancillary purchase costs can quickly accumulate when buying a house. Therefore, calculate in advance of the real estate purchase on your purchase incidental expenses that will arise.

Recommendations for ancillary purchase cost calculators

If you are planning a construction financing, it is advisable to realistically calculate the costs in advance. The ancillary purchase costs calculator will help you to determine the individual items. If you include this sum in your construction financing, you will not get into financial difficulties after moving into your house and can start your life in your own house in a relaxed manner.

Calculate ancillary purchase costs realistically

With the ancillary purchase costs calculator, you can break down the ancillary costs and integrate them into the planning of your construction financing, even without prior knowledge. Construction financing is based on various pillars. In addition to the classic bank loan, you can include a subsidised loan, a building savings contract and equity capital in the financing. It is important to know that the bank loan is only applied for when all other options have been exhausted. With the bank loan, you are opting for a very expensive form of financing. A development loan and a building society loan are more favourable in terms of interest rate. Equity is very important to secure the financing. Ideally, you should bring 25% of the total amount.

Building subsidy: This is how the subsidy helps you with financing

The Baukindergeld is another government measure to promote home ownership. The corresponding law was introduced in 2018 and expires on 31 December 2020. This means that only families who submit a building permit or purchase contract by 31 December 2020 can still receive Baukindergeld. Up to €12,000 is available per child over a period of ten years. Whether and how much Baukindergeld can be included in the financing depends on the owner’s income.

Here are the most important key points of the Baukindergeld:

Building blocks of ancillary purchase costs at a glance

The ancillary purchase costs represent an important part of this total sum. You add these costs to the total for the purchase of the house and the land. The ancillary purchase costs are made up of various items. These essentially include:

• Notary fees
• Brokerage fees
• Costs for the land transfer tax
• Insurance costs for construction and renovation work
• Costs for interim financing
• Costs of double payment of rent and financing instalments

With many construction loans, a five-digit sum is added to the purchase price of the property from the ancillary purchase costs. With the ancillary purchase costs calculator, you can determine these costs very accurately, because you can adjust the calculation to your individual requirements and get a very realistic result.

Simply use the ancillary purchase cost calculator

In the purchase costs calculator, all possible costs and fees that may be incurred in connection with the purchase of a house are clearly listed. Enter the items that realistically arise in your individual case. Find out in advance about the actual amount of the costs, because only then can an accurate assessment of the costs be made by the purchase costs calculator. Simply leave the fields for items that you do not have to pay empty. At the end of the calculation, you will see a value that approximates your actual incidental purchase costs. Add this value to your construction financing and apply for the loans based on the amount calculated in this way.

It is recommended that you allow for a buffer of at least ten percent. Many are looking in the context of incidental purchase cost calculator in particular for:

• House purchase and house valuation
• Tax deduction of incidental purchase costs
• Real estate transfer tax

Calculator at a glance

Calculator – Exact planning of the construction financing

Calculators are necessary in relation to construction financing in order to accurately determine the cost of purchasing or renovating a property. A calculator is also used to determine the cost of the loan. The credit costs are composed of the interest and the repayment portion for the current loan amount. The interest plays an important role. Since the term of a real estate loan is usually ten years, the interest payment is spread over a long period. If an offer from a bank is only half a percentage point cheaper in their interest, you can already save several hundred euros a year. This is also due to the high loan amounts, which for most construction financing a six-digit amount. Before taking out a loan, an individual consultation is important. Often the construction financing consists of several pillars and not just a single loan. A building savings contract, equity capital and development loans come before taking out the classic bank loan. The reason for this is that these financings are significantly cheaper than the bank loan in terms of their costs. The calculator helps you to divide the financing into different elements and thus determine the costs with certainty.

• Learn more about the calculator.

Interest calculator – Construction financing

The interest rates are a very large item in a construction financing. It is recommended that you compare the various offers and conditions well in advance. In this way, you will find out which construction financing is particularly favorable. Since the interest is a very large part of the monthly loan payment, especially in the first years of real estate financing, it is important that you try to save costs.

• Learn more about the interest calculator.

Budget Calculator – Equity & Income

Before the purchase of a house, a comprehensive renovation or a new building can be planned, it is very important to determine the available budget. Construction financing is planned over a period of many years. Financing between ten and 25 years is possible. It is important that the financing is planned from the beginning on a secure foundation. The basis for the budget that is available to you for the conclusion of a construction financing is your income.

• Learn more about the budget calculator.

Offer comparison calculator – advice & options

The offer comparison calculator is an important tool when it comes to choosing a partner for taking out construction financing. Many builders are dependent on taking out a classic loan at a bank or savings bank, because the funds from the equity, a building savings contract and a subsidized loan are not enough. Although the comparison possibilities of the indication by the Internet are very simple and transparent, many owners trust only in the offer of their house bank.

• Learn more about the quote comparison calculator.