What is important when offering a commercial property

Good real estate agents not only find a solvent buyer promptly, but also support you in selling the property for business according to its circumstances and possibilities. Viewing appointments are arranged, coordinated and carried out professionally.

To expedite the sale and give you confidence in selecting a contractor and new owner, we check the creditworthiness of prospective buyers and obtain a concept for financing. Before an experienced commercial real estate broker makes a recommendation and suggests a buyer to you, he has obtained all the necessary checks on solvency, secure financing and customer-specific facts.

You are relieved of the entire preparation and sales phase, so that you can take care of your core business and safely outsource the brokerage.

Broker tasks in commercial real estate sales

You want to sell a house or an apartment, have no experience in the real estate market and want to avoid mistakes at all costs? Then you are well advised with the comprehensive services of a real estate agent and simplify the time-consuming and complex sale of your residential property. When you hire an agent, you don’t have to factor the sale of your property into your schedule, as all tasks are handled directly by your real estate agent and carried out in your best interest.

Basically, a real estate agent fulfils all tasks that are important before and during the sales and rental phase. He creates an exposé, determines the market value of your property, advertises your property and is then the interface between you and interested parties. While the creation and publication of an advertisement is a time-consuming but unique task, answering customer enquiries is part of the daily business of an estate agent.

Here you can find more information about the:

• Tasks of a broker

Commission for the broker: The most important regulations

More than 80 percent of all properties for sale or rent are brokered. This means that the owner commissions a real estate agent to advertise the offer and to carry out all tasks up to the conclusion of the contract on his behalf. Professional brokerage is a service that is agreed between the client and the real estate agent. After the service has been rendered, a commission, the so-called brokerage fee, is due.

Who pays the commission depends on the type of commission and the reason for the commission. If you sell your property through an estate agent, the buyer usually pays. In the case of lettings, the buyer principle has applied since 2015, so that the invoice recipient and commission payer is identical to the person who has commissioned a brokerage service.

Here you can find more information about the:

• Broker commission

Selling commercial property? Procedure, taxes & Co.

Selling commercial real estate is a complex, time-consuming task that requires expertise. Without the necessary know-how and experience in commercial property sales, mistakes are bound to happen. If the asking price is disproportionately high, you will receive few enquiries and have to be prepared for a lengthy sales process. If the price is too low, you will lose money and be dissatisfied with the sale.

Sell privately?! Avoid mistakes

Rely on experts who are experienced in the sale of commercial properties and who know what is important in the preparation of an offer, in the determination of the price and in the conversation with interested parties. Dedicate yourself to your daily tasks and choose to have your property for commercial sold professionally. Avoid making mistakes when selling real estate.

Valuation and offer price

You want to sell your property? For the successful and profitable sale of a property, a well-founded and realistic valuation is always the first step. This ultimately determines the sales price to be set. In the next step, real estate agents bring your property to solvent interested parties, here it is not only about real estate portals and marketing, also the property valuation(house valuation / apartment valuation), credit check of potential buyers, viewing appointments and negotiations are the task of the broker, up to the purchase contract, the notary appointment and tax issues. Get to know the matter of selling real estate here in the guide. Simply explained, step by step!

• Sell property

Commercial property: special case

Selling commercial property is always a special case, compared to the typical apartment or single-family home. For example, the sale of hotels and entire shopping centers, with underground parking as an extra.

Sell hotel property

Many questions also reach us specifically on the topic of selling hotels. Therefore, we have summarized the topic here once again in more detail for our readers. Especially for those who are selling a hotel for the first time, or the very first property.

Hotels have a few special parameters, for example in the valuation. Just as with commercial real estate in general, it is not only about the substance but also about the potential of the property, from the state of renovation to the location of the hotel. In very simple terms, how much will the commercial property, or in this special case the hotel, generate in the next five years? Very simply put. The valuation of the hotel is therefore much more complex.

Read more here in the small guide on the subject:

• Sell hotel

Sell mall

Shopping mall selling – Shopping behavior is changing. More and more people order items, no matter if clothes, accessories, furniture or even other knick-knacks on the internet, on online shops. Inner cities, the most expensive shopping streets, but also life in small towns is changing. Accordingly, the fluctuation in shopping centers is just as, smaller and smaller. If you are in the unfavourable situation of thinking about selling your property or shopping centre, you can find the first information here.

• Sell mall

Living in Berlin: Luxury living in the capital’s hottest districts

Berlin is individual, creative and full of opportunities. More than 3.5 million people have moved their center of life here. Since 2001, Berlin has been divided into twelve different districts. The new district structure has brought about a levelling of the population figures. Even though all districts differ in their flair and popularity, popular residential areas can be found within each district.

Here is an overview of the most sought-after residential areas in Berlin:

• Grunewald
• Charlottenburg
• Zoo
• Dahlem
• Schmargendorf
• Prenzlauer Berg
• Kreuzberg
• Kurfürstendamm
• Friedrichshain

Berlin: Map and location

Berlin offers everything from fashion, art, finance, start-ups, and the list goes on. There is hardly a person who would not find their passion in this city of 3.75 million. This is also evident in the sprawl of the city and the different districts. For this reason, it is often described as’ many cities in one’.

Most popular residential areas at a glance: Grunewald, Charlottenburg, Tiergarten & Co.

Before we take a closer look at the characteristics of the districts and take a look at the surroundings of each neighbourhood, here is a brief summary of the most desirable places to live in Berlin.

Reading tip: Berlin – The most expensive streets

Grunewald: Upscale district full of pomp & celebrity

Grunewald inspires with its high quality of life and discretion, family-friendly infrastructure and exclusive real estate. Life in Grunewald is quiet. Thus, this district is not only an attractive place to live for wealthy families and heirs, but also for entrepreneurs and investors who appreciate the exclusivity of the district. Luxurious villas surrounded by unspoiled nature – Grunewald is a Berlin neighbourhood like no other.

• Living in Grunewald

Charlottenburg: Coveted residential area with royal history

After strolling along Kurfürstendamm, you can quickly retreat to one of the many cafés and restaurants. But the side streets offer you quiet, central luxury apartments such as lofts and penthouses in which you quickly feel comfortable and very quickly on the move in the city. Charlottenburg is a neighbourhood where people settle down to spend the rest of their lives.

• Living in Charlottenburg

Tiergarten: Modern district in the city centre

New York City has Central Park. Paris has the Jardin du Luxembourg and London has Hayden Park. Berlin’s Tiergarten is the German equivalent and is in no way inferior to its counterparts. The local neighborhood also bears the same name. In the centre of Berlin, the Tiergarten enjoys a very good reputation as a place to live. The location is unique, the standard of living is high and the infrastructure is among the best in Germany.

• Living in Tiergarten

Dahlem: Magnificent villa district away from the big city

Who would have expected that one of the most expensive residential locations in the city is actually not in the city centre, but quite a bit outside. The reason that many wealthy Berliners set up their homes here nevertheless is that you can still get to the city quickly thanks to the good connections.

• Living in Dahlem

Schmargendorf: Quiet district with suburban flair

Schmargendorf is modest, middle-class and quiet. Families with children, working couples and entrepreneurs are particularly drawn here. The property prices are reasonable, the cityscape is characterised by the many local churches and monuments and the standard of living is high.

• Living in Schmargendorf

Prenzlauer Berg: trendy district in the south of Berlin

Affluent families with children appreciate the many playgrounds, green spaces and cafés. Young professionals enjoy a wide range of leisure activities, numerous restaurants and boutiques. And those who need a little time out from the stressful everyday life at the weekend can turn night into day in one of the many trendy clubs. For decades, Prenzlauer Berg has been considered Berlin’s cult district par excellence, especially with its charming apartments in old buildings. In the meantime, the who’s who of German celebrities has also discovered this for themselves.

• Living in Prenzlauer Berg

Kreuzberg: Colourful district of contrasts

Stars and starlets build their luxury villas on Inselstrasse. This of course contributes to the success of the district south of the city centre. You can also find numerous cultural attractions here, such as the Jewish Museum or the German Museum of Technology. In addition, Kreuzberg is known for its many small, independent cafés that offer the best coffee in the city.

• Living in Kreuzberg

Kurfürstendamm: Life on one of the most exclusive shopping streets

Kurfürstendamm is considered one of the most historic streets in Germany. Everyone feels at home here – from curious tourists to families with children to Germany’s most famous faces from film, television, musk and sport. The Kurfürstendamm inspires not only by its prime location, but also by the variety of top-class boutiques and the excellent gastronomy.

• Living on Kurfürstendamm

Friedrichshain: Explore the East Side Gallery

Real estate in Friedrichshain is super central and right next to the city centre. In addition to the local Ostbahnhof station, the East Side Gallery is also located here, which provides the cultural factor and makes the neighbourhood even more attractive. Residential areas with a view of the Spree and new buildings with penthouses and lofts appeal to a high-class clientele.

Grunewald: Green district away from the hustle and bustle of the big city

Grunewald is popular. Once known as a former district of the rich and beautiful, the neighborhood away from the hustle and bustle of the big city is gaining more and more glamour and attractiveness again. Thus, the upscale district of Grunewald is characterized by its breathtaking nature. The banks of the Havel invite you to go for a walk and the local forest is ideal for hiking. If you need a break from the turbulent big city life, this is the place to be. Learn more here:

• Living in Grunewald

Once known as a former district of the rich and beautiful, the neighbourhood away from the hustle and bustle of the big city is once again gaining in glamour and attractiveness. Demand for real estate is particularly high here, but supply is low. This is also reflected in the current purchase prices:

Price per square metre: 7,000 to 14,000 €/m²

Grunewald: Map & Location

Located in the west of Berlin is the upscale district of Grunewald. While the district borders the Havel River in the west, the districts of Halensee, Charlottenburg, Schmargendorf are located in the east and Dahlem in the south. The local forest and the large number of green spaces, parks, monuments and sights also add to the flair of the district.

Sightseeing: Exclusive real estate in the Königsallee

The local Königsallee is home to the most luxurious properties in the district. Not far from the Hundekehlsee, the street leads from the Grünewald forest to the centre of the district.

Charlottenburg: Attractive residential area experiences renaissance

For a long time, Berlin’s Charlottenburg district was considered underrated. In the meantime, the tide has turned. Wealthy families, entrepreneurial heirs and rich investors have now settled here. Especially the north of Charlottenburg is experiencing a true renaissance. Not only the breathtaking architecture and historical monuments characterize the cityscape, but also the unique mixture of elegant coffee houses, luxurious boutiques and awe-inspiring mansions of bygone times. As a result, Charlottenburg is now considered a real trendy district and one of Berlin’s most popular neighbourhoods. Read more here:

• Living in Charlottenburg

Apartments are particularly popular in Charlottenburg. Spacious maisonettes, exclusive lofts or renovated apartments in old buildings – everyone feels at home in Charlottenburg. If you want to invest in a property as a capital investment, you can expect prices per square metre of between €5,000 and €8,000. It is much more expensive near the Kurfürstendamm and Savignyplatz. Here it can cost up to 10,000 per square metre.

Price per square metre: 5,000 to 10,000 €/m²

Charlottenburg: Map & Location

Centrally located in the west of Berlin is the popular Charlottenburg district. The sought-after residential areas of Wilmersdorf, Schöneberg and Kreuzberg are also nearby. Further west on the banks of the Havel River is Grunewald.

Sightseeing: Luxury Living at Savignyplatz

Savignyplatz is not only one of the most historic areas of Charlottenburg, but also one of the most exclusive. Take a closer look amidst the cosy cafés and exclusive boutiques.

Tiergarten: Luxurious life in the middle of Berlin

If you like it particularly central, then you can of course always buy property in a city centre location. Here, centrality is guaranteed and the value of the house or apartment remains very stable with normal maintenance. Advantages of a city centre location are many nightlife options and proximity to public transport and also many of the economic centres of the city.

• Living in Tiergarten

The most expensive residential locations in Berlin are increasingly found in the city centre. Property prices are particularly high around well-known sights, as living space is more than sought after. The reason for this is, of course, the exclusive ambience around the historical attractions and the proximity to important employers such as the Bundestag.

Square metre prices: 3,500 to 10,000 €/m²

Tiergarten: Map & Location

Close to the popular residential areas of Grunewald, Schöneberg and Charlottenburg, the Tiergarten district is located in the south-west of Berlin. To the north are not only the English Garden and the large Tiergarten, but also the Spree River. Also nearby: The popular Kurfürstendamm.

Sightseeing: Tour of Berlin Mitte

It’s not just the multitude of monuments and well-kept green spaces that make a difference, but also the unique mix of new and old buildings that gives the residential area its flair. Join us on our tour through the Tiergarten.

Dahlem: Luxurious villas & sought-after new buildings

The quiet district just outside the city seems unassuming, but this is where Berlin’s urban elite gather to pursue their lives of luxury in private. The residential area is not only well connected by public transport to the city centre, but also allows quiet moments far away from the hustle and bustle.

• Living in Dahlem

The cityscape is characterized by awe-inspiring villas, the green spaces are always well-kept and the real estate prices are constantly on the rise. Newly built houses are the cheapest here. These cost on average just under 2,345 euros per square metre. If you want to buy an apartment or a house that is more than three years old, you will have to pay a lot more. You can expect to pay at least 8,000 euros per square metre, especially for existing houses and new-build apartments.

Square metre prices: 6,000 to 10,200 €/m²

Dahlem: Map & Location

The relaxed district on the southwestern edge of Berlin has a lot to offer. On the one hand, you can find your dream villa here within the best neighborhood and beautiful location, on the other hand, a campus of the Free University of Berlin is also located here, which leads to the fact that some smaller restaurants and cafes have sought a small spot here.

Sightseeing: Tour of the villa area and residential houses

Dahlem may not be home to the most expensive residential buildings in Berlin, but the area peppered with villas and large apartment buildings is definitely at the forefront when it comes to luxurious living in Berlin. After all, this is where you’ll find properties that have been designed with a particular amount of effort. Impressive houses line the streets of this area and make it something very special.

Feel free to look around:

Schmargendorf: Family district with a high standard of living

Living in Berlin varies from district to district. Schmargendorf, for example, inspires with its well-kept cityscape, quiet atmosphere and suburban flair. The wide street, which invites you to drink coffee and shop, the variety of cultural institutions and the high standard of living make Schmargendorf one of the most attractive places to live in Berlin. If you would like to buy a house or purchase an apartment here, you can look forward to a high rental yield and acceptable prices per square metre.

• Living in Schmargendorf

Prices for rental and owner-occupied properties have risen sharply in recent years. Whether a spacious apartment in an old building, an exclusive villa or a renovated bungalow. This makes real estate particularly desirable as an investment in Schmargendorf.

Square metre prices: 3,000 to 6,000 €/m²

Schmargendorf: Map & Location

Berlin-Schmargendorf is located in the district of Charlottenburg and borders on Grunewald, Wilmersdorf and Halensee.

Sightseeing: Exclusive villas on Schmargendorfer Alleen

While the wide street in the centre of the district invites you to stroll, the quiet corners on the outskirts of the district inspire with their relaxed flair and unspoilt nature.

Prenzlauer Berg: trendy district for young & old

Prenzlauer Berg inspires young and old, making it the perfect place to live for singles, couples and families. The quality of life is high, the real estate luxurious and the local city life colourful and diverse. The most popular residential areas here include Kollwitzplatz and the streets around Volkspark. 5-star restaurants, exclusive boutiques and well-kept green spaces – that’s what the trendy Prenzlauer Berg district stands for.

• Living in Prenzlauer Berg

Admittedly: Prices in Prenzlauer Berg are among the highest in the city. Finding affordable housing here can prove difficult. But on the other hand, some of the most exclusive properties in Berlin can be found here.

Square metre prices: 3,400 to 7,000 €/m²

Prenzlauer Berg: Map & Location

Prenzlauer Berg is located in the north of Berlin, opposite the popular districts of Schöneberg, Kreuzberg and Charlottenburg. So not only is Berlin Mitte a short drive away, but also the biggest monuments and the hottest hotspots of the city.

Sightseeing: Luxury single-family homes & villas at Kollwitzplatz

Kollwitzplatz is one of the most popular places to live in Prenzlauer Berg. Here are plenty of cozy coffee houses and small individual boutiques. The biggest monuments of the city are also not far away from here.

Kreuzberg: well-kept green spaces and colourful city life

To get luxury real estate in a quieter residential location, you don’t have to go far from Berlin’s city centre. In Kreuzberg, you can find properties in prime locations that not only offer space, but are also well connected and offer plenty of culture. In just a few minutes, you can be anywhere you want to be thanks to Berlin’s great S-Bahn network, and you can also relax and get out of Berlin from here and enjoy the green, quiet surroundings.

• Sell real estate in Kreuzberg

The average purchase price for an apartment in Kreuzberg is between 4,200 and 9,300 €/m² – similar to the average square metre prices

Square metre prices: 4,000 to 9,500 €/m²

Kreuzberg: Map & Location

Of course, there are not only beautiful residential buildings, as well as museums and other cultural centers, here you will also find green spaces and the popular Kreuzberg Sommerbad, a public sponge bath in the middle of the park, which is particularly popular with the residents of the borough in the summer. The modernised Art Nouveau style buildings help to make you feel particularly at home here.

Sightseeing: Charming old buildings add to the flair

What exactly does the area around Kreuzberg look like? Parks, luxury apartments and small cafés on the side of the road, that’s what the district in Berlin’s inner city offers. Apart from that, not only the most diverse groups of people who have fled the inner city show up here, but also the young families and couples who have been drawn to this part of town.

Convince yourself here of the charm of Kreuzberg:

Kurfürstendamm: Attractive residential area in the heart of Charlottenburg

The Kudamm is considered a safe place to live with very good connections to schools, hospitals and cultural institutions. The multitude of coffee houses, restaurants and boutiques allow for a varied everyday life and the very good location allows to participate in the colorful city life, while the many green spaces invite you to relax.

• Living on Kurfürstendamm

Admittedly: The prices per square metre are somewhat higher than in other parts of the city, but the many advantages of living on Kurfürstendamm are well worth it!

Square metre prices: 4,900 to 11,000 €/m²

Kudamm: Map & Location

One of Berlin’s most famous streets, Kurfürstendamm (or Kudamm, as it is often affectionately known) connects the two districts of Charlottenburg and Grunewald. The variety of shops, cafés, restaurants and attractions delight residents and tourists alike, while the local zoo invites you to spend a relaxing afternoon away from the hustle and bustle of the city.

Sightseeing: Tour of the Kurfürstendamm

Fancy a little sightseeing? Due to the good infrastructure of Berlin, the Kurfürstendamm is not only easy to reach by car, but also by public transport, such as bus and train. You can also take a taxi to get from A to B in a relaxed manner, and you are already well prepared for a day at the Kudamm on foot. All the important shops, stores, restaurants and offices can be reached on foot in less than an hour. In comparison, it only takes 8 minutes by car.

Friedrichshain: Residential area right next to the city centre

The Friedrichshain district is directly adjacent to Berlin’s city centre and has a park and clinic. The location and possibilities ensure that properties in this part of Berlin have particularly high purchase and sales prices. They are also great as an investment, because houses and apartments near the city center will hardly fall in price. Of course, the standard conditions for real estate as an investment also apply here. In other words: Residential buildings bring with them constant running costs and, where applicable, service costs.

But when it comes to location, properties in Friedrichshain are in the perfect position to hold their value permanently and even increase further. Therefore, we would like to introduce the district in more detail.

Purchase prices apartments: 3,800 to 8,700 €/m²

Friedrichshain: Map & Location

Friedrichshain offers many different locations. Among other things, you can also find apartments with a view over the Spree. In addition to schools and daycare centers, you will also find perfect connections to all parts of Berlin. Especially the Ostbahnhof, which is located in Friedrichshain, ensures that you are in no time in all parts of the city. The daily needs are also taken care of by quickly accessible supermarkets.

Sightseeing: Loft apartments in trendy district

Apartments in Friedrichshain are in high demand. For this reason, there are always new construction projects for residential and commercial space in the district. Not only the beautiful view over the Spree makes the charm of this residential location, but also the many opportunities in the field of education and culture, attract many different groups here. Singles, couples and young families in particular are attracted to this lively district.

However, there is hardly a group that does not feel comfortable here, because the possibilities of Friedrichshain extend from the East Side Gallery to the computer game museum. Education is provided in the form of various high schools and vocational schools.

Conclusion: Which neighbourhood is the best place to live?

Each of the neighborhoods inspires with its unique and individual flair. Kreuzberg offers a family residential environment with many opportunities for young families and parents with children, and you can also get to the city centre very quickly. Friedrichshain is not far away and offers similarly exciting possibilities. The different neighbourhoods have their own unique charm and everyone will find something to their taste here.

Charlottenburg-Wilmersdorf is in no way inferior to the other two districts, but here the change is somewhat more cozy. For this reason, families like to move to the neighborhood, which is why different generations live here peacefully on your spot. In Mitte lies the pulse of the city, young, fresh and bright. Always changing and always behind the latest trends. That’s how the people are here, but above all, this is also where most of the city’s tourism takes place, which makes living here a different experience.

One of the best sales prices can be achieved in Dahlem, because the quiet area away from the pulse of the city is used by many wealthy people as a retreat.

Berlin: Real estate in the capital

Capital, university city, historical stronghold and as an international location an attractive place to live for families, couples, singles and students. Accordingly, Berlin faces a continuously growing population due to immigration.

Berlin real estate market: overview

Berlin offers everything from fashion, art, finance, start-ups, and the list goes on. There is hardly a person who would not find their passion in this city of 3.75 million. This is also evident in the sprawl of the city and the different districts. For this reason it is often described as’ many cities in one’. A walk through Berlin-Mitte is very different from Kreuzberg and Prenzlauer Berg is not often confused with Zehlendorf.

• Real Estate Berlin

Living in Berlin: Popular residential areas

We present the most beautiful districts of the German capital and tell you where you can buy the best, highest quality and most exclusive properties to set up your new home, or which districts are best suited to invest in a property as an investment. Here we present the most popular residential areas – from upscale Grunewald to charming Schmargendorf and quiet Dahlem to historic Charlottenburg. Back to overview: Living in Berlin.

• Grunewald
• Charlottenburg
• Zoo
• Dahlem
• Schmargendorf
• Prenzlauer Berg
• Kreuzberg
• Kurfürstendamm

Selling real estate in Berlin: house, apartment and land

As an international location, Berlin is an attractive place to live for people from all over the world. While the district of Wilmersdorf in Charlottenburg convinces with its well-kept green spaces, the residential areas of Prenzlauer Berg and Weißensee in Berlin-Pankow inspire with their unbeatable prices and central location. You want to sell your apartment, your apartment building or your property in the world metropolis Berlin? With our free guides and tips on the topics of real estate sales and property valuation, you are well prepared. Back to overview: Selling real estate in Berlin.

• Pankow
• Charlottenburg
• Wilmersdorf
• Friedrichshain-Kreuzberg
• Prenzlauer Berg
• Kreuzberg
• Wannsee
• Steglitz
• Schöneberg

Costs for the realtor: New regulation in the BGB

As just described, the realtor commission in Germany is not clearly regulated. In recent decades, it has become common practice that the buyer bears the commission of the realtor when buying real estate. This meant that 100% of the costs were passed on to the buyer.

The new law, effective December 23, 2020, now decides that the seller must bear at least half of the realtor’s commission.

Private purchase, non-commercial real estate trade

However, the new rule only applies to private purchases. So if you commercially buy a property, you are not subject to this innovation in the BGB. Sections 656c and 656d only apply if the buyer is a consumer. Read more here, including BGB innovations, on the realtor commission: new law (external [German]).

For private real estate buyers, this changes quite a bit; after all, the realtor fee makes up a large part of the buying incidentals. When buying a house but also when buying an apartment and buying land, up to 7.14% will thus be due for the buyer.

Broker’s commission usually at 7.14%

Example calculation: 3,570 euros saved

Already with a property with purchase price of 3,570 euros, you have effectively lowered your incidental costs when buying real estate, with this new law.

• Purchase price: 100,000 euros
• Provision of the realtor: 7.14 %
• Cost of realtor: 7,140 euros

For a condominium at the purchase price of 100,000 euros, you pay so far a whole 7,140 euros realtor commission, out of your pocket.

With the new law, the seller must now pay at least half of these costs, when buying a property privately.

With this, your ancillary purchase costs are reduced directly by a whole 3570 euros.

What is important when selling the family home

Before the real estate agent can act, some basic facts must be clarified. Only those who are listed in the land register and are therefore the legal owners of the parents’ house are allowed to sell. In most cases, both parents are listed as owners in the land register, so that in the event of death, the surviving parent counts as the sole heir and decides how to deal with the property. If both parents are deceased, you as the children are the next heirs and can decide to sell the parental home, provided there is agreement.

In advance, a change in the land register entry is necessary, as your regular ownership is the basic requirement for the sale of the parents’ house. It becomes very complicated if one parent is already deceased and the other parent is no longer legally capable. In this case, if there is no general power of attorney and the surviving parent does not want to sell the property, only a guardianship court can decide on the sale.

Make arrangements in good time!

We recommend that you make such arrangements at a time when your parents and property owners are legally capable. A notarial power of attorney or a gift of the house during your lifetime simplifies your ability to act in the event that you have to sell your parents’ house and use the proceeds to finance, for example, the accommodation of your parents in a nursing home. Once all necessary matters have been clarified in advance, we can sell your parents’ house promptly and at the real market value on your behalf.

Selling your parents’ house? The process in detail

More information about inheritance:

Inheritance settlement

Properties inherited in community pose a particular difficulty when selling. Within the framework of a community of heirs, there are several owners in the land register. This circumstance has a detrimental effect on the interest of potential buyers and makes the sale process more difficult. There is a solution to simplify the settlement and at the same time provide for a clear guideline of all heirs with equal rights. The settlement of an estate refers to the dissolution of a community of heirs, which is carried out on the basis of clear contractual regulations and is not bound by any particular form. Everything you need to know about inheritance settlement.

Community of heirs

From practice it is known that a community of heirs rather rarely agree. But from the disagreement and open disputes in relation to a real estate inheritance arise losses that you can avoid with prudence. Avoid conflicts about the estate by consulting an estate agent and finding the best way with support. If the will does not provide otherwise, all co-heirs are equally entitled and obliged. This means that a sale is often the best solution and gives you the opportunity to divide the proceeds of the estate between all the co-heirs, thus avoiding the problem of an inheritance dispute. Learn more about the community of heirs.

Certificate of inheritance

You are registered in the will as the sole heir of the parental home. If the will is notarised and legally valid, your inheritance will not be challenged. Nevertheless, without an additional certificate of inheritance, you will face a problem at the latest if you become the owner of the property as a result of the correction in the land register and wish to sell it on, for example. You should have a certificate of inheritance issued irrespective of the will and thus protect yourself when inheriting houses or apartments. Everything about the certificate of inheritance.

Insolvency of Estates – What is It?

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 connected with incriminating grief, but the topic 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 had no more time to deal with the topic because they were surprised by a stroke of fate.

Legal or Voluntary Succession?

First of all, you should know what the difference is between a legal and a voluntary succession. Basically, it is important to know that the arbitrary succession always takes precedence over the legal succession. We speak of an arbitrary succession when the deceased has left a will by determining which heirs are to inherit what. In this context, heirs can be all natural persons. The heirs therefore do not have to be related to the deceased.

The legal succession always comes into effect if the deceased person has not left a will or a testamentary disposition. The legal succession is defined in the Civil Code and refers to three grounds of appeal: kinship, marriage and citizenship.

• Voluntary succession: the deceased person has left a will that specifies who inherits what
• Legal succession: Deceased person has not left a will. The grounds of appeal: kinship, marriage and citizenship are included.

Inherited debts – the Negative Side

But it is not always the case that heirs inherit great wealth. If the deceased had open debts to creditors and was liable with his inheritance, then the creditors can claim them from the heirs. Even the heirs’ own property is not protected in such a situation. You must expect to have to pay the debts of your relative or spouse. But what can you do if such an inheritance would drive you to ruin? If you are unable to settle the debts of your relative or partner under any circumstances, there is a way out of this situation.

This is where the word estate insolvency comes into play. But what is that actually? How does something like this work exactly? What are the prerequisites for an estate insolvency?

Insolvency of Estates: Requirements, Procedure & Proceedings

The aim of a petition for bankruptcy is to protect one’s own assets from being accessed by the creditors of the deceased person. So far, so good, but how exactly does the procedure work now? An application for composition insolvency must always be filed with the competent insolvency court. If the proceedings are initiated, the insolvency debtor still has to stand in for the inheritance, but he no longer runs the risk of being liable for the debts of the deceased with his own assets. In this situation, the insolvency debtor only has to use his estate to pay outstanding debts.

• The application must be submitted to the competent insolvency administrator

There are two possible conditions for the opening of an estate insolvency:

• Overindebtedness of the estate
• Insolvency of the estate

Now you will learn how it all works. Once you have successfuly filed the petition for composition insolvency, the work of the insolvency administrator begins. The task of the insolvency administrator is to list the outstanding debts and to contact the creditors in order to develop repayment proposals. It is often the case that the outstanding debts cannot be paid with the estate. If this is the case, it is the task of the insolvency administrator to make arrangements with the creditors. The aim of this administration is to ensure that as many debts as possible can be settled.

If you find yourself in such a situation, it is important that you file the petition as soon as you know that you are not able to pay the debts of the deceased. As soon as you know this, you are obliged to file a petition with the bankruptcy court. Inform yourself in time and you will be saved many costs.