Selling an apartment building in Munich: step by step

Let’s start with the question: How much is your apartment building in Munich actually worth? Find out all the 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, depending on the year of construction. A realistic sales 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 income capitalization 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 Munich: What to look out for?

When selling your apartment building in Munich, 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 Munich

Munich is a sought-after real estate market with high property prices. 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 Munich 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 Munich: What will you have to pay?

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

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

The taxes are the same regardless of whether you are selling in Altstadt-Lehel, Ludwigsvorstadt-Isarvorstadt, Maxvorstadt, Schwabing-West, Neuhausen-Nymphenburg, Au-Haidhausen, Sendling-Westpark, Schwanthalerhöhe, Sendling or Bogenhausen.

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 Munich? 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

Der Beitrag Selling an apartment building in Munich: What is important? Steps, taxes, estate agent erschien zuerst auf ℄ Real Estates.

Real estate agent: Real estate marketing today

In this short guide to our work, you will get to know the different areas of work and property types in which our Family Office is active for you.

You want to sell? Here you will find our purchase profile.

Advantages: Reach and reputation – For developers

Reach and network – The big advantage, we not only have regional partners for individual cities, but are also internationally networked. Two birds, one stone: regional and international contacts. A must, especially in major cities such as Munich, Hamburg and Berlin, because here people and investors are interested in properties worldwide, not just in their own district.

In this way, we also reach an international audience for you, as you will see in a moment in terms of reach, people (investors and buyers) from the USA, but also from Asia. This increases the sales opportunities in metropolitan areas and of course the sales price.

Calculation: Interested parties and development

Visitors and interested parties – We also give you an insight into our media data, as a real estate portal. Already knew? Annually, we have a lot of visitors to our pages and thus potential buyers, on our website. Essen not 1,000, not 10,000, not 100,000, currently would reach over a quarter of a million people a year.

255,372 + people / year, in German-speaking countries alone

Status: 02/2021, Google Analytics (lukinski.de)

Increase of 7.61 % / month

Developers with larger properties, estates and facilities also have another unbeatable advantage: our in-house property magazine with over 1 million readers a year. So we can present real estate, in the year over 1.25 million people.

• Reach, Luknski.de: ~ 250,000 / year
• Reach, Fivmagazine.de: ~ 1 million / year

Reach broker + magazine:

1.25 million people / year, in German-speaking countries alone

More about this in a moment, in the article about selling real estate (apartment, houses, villas and quarters). Here is a small overview of our portfolio.

Sell condominiums

With all the housing styles and types, construction companies and developers can get creative. Have you given an old building a completely new function? For example, a parking garage that you converted into fancy condos. Instead of thousands of square feet of space, you now have 54 chic condos in the planning stages or already under construction. The next step: marketing the units.

Profit maximization for each ETW unit

No matter how creative your work as a developer has been, good ideas can be marketed just as well with the right concepts! Of course, the better the location, the “easier” the sale. For example, with 54 ETW units, +7,000 euros more profit / unit will quickly play a role if you manage to increase the demand side. Classic business economics: more demand, less supply, higher prices. In the calculation example 54 x 7,000 euros extra.

This is exactly why experienced construction companies and developers work with real estate agents. The only question is: with which real estate agent?

How do we reach prospective buyers?

It’s not just the work in our free guides, as well as see right here, on the subject of buying a home or even selling a home. These are initial, relatively superficial / simple guides or even explanations for those buying your first property. However, it goes much, much deeper.

We inform our readers on the subject of taxes, finances and much more special. Not only hard facts, so legal and laws, also news and innovations, e.g. the new brokerage law, which came into force at the beginning of 2021 in Germany. At the same time, news from the USA, for example, on taxes in the USA when buying, but also tax relief in the USA. Just as in Germany. Our focus: Germany and USA. This is how we reach solvent people with a real interest in buying.

Strategy: Reputation and quality instead of “advertising

This way we reach future buyers long before they call up a concrete real estate listing! Through this good reputation (brand image) of our real estate portal, we create a very different brand image, than the competition. We have helped again and again, free of charge. Who will our visitors remember, if they then want to buy an apartment or a house?

Instead of placing ads, like many others, we have our own community, in agency speak: “Qualitative, organic traffic”.

We get additional reputation through our luxury properties. Everything really has to be right here! When the price per square meter is no longer 1000 euros, but 10,000 or 20,000 euros. Such luxury properties can also be found everywhere in Germany, for example in Berlin-Grunewald but also in Düsseldorf, Munich and Hamburg-Ottensen.

Take a look at an example of how we write free, simple guides for our visitors. You don’t just read this one guide, you click through each topic and article step by step, day by day. This is how we build our reputation, brand awareness, so we can find solid, solvent buyers for you.

• Buy apartments
• Sell apartments

So we now reach over 255,000 people a year, with a current increase of 7.61% a month. A good investment.

Do you have any questions? Get in touch with our contact persons now:

• Contact

Housing types:

• Old apartment
• Apartment
• Attic apartment
• Granny flat
• Apartment
• Loft
• Maisonette
• Penthouse
• Basement apartment
• Terrace apartment

For sale itself, more later in our realtor brochure: New building!

Sell houses

Construction companies also have a lot of leeway when it comes to the different types of houses.

You want to sell several houses to the man or woman? As you have just seen in the example of condominiums, we do not simply list real estate listings. We give our visitors a comprehensive insight into the topic of buying real estate, renting real estate, selling real estate and real estate as an investment.

Buyer types and target groups

The market for house sales is also, broad as in any other area of real estate. From the simple tenant who is likely to stay for a few years, to the family who will probably spend their whole life here, to the capital investor who wants to rent out one or more houses.

Real estate search begins on Google

Most real estate searchers today start their research on Google. Especially in Germany, the number of users is extremely high.

Google has a market share of over 90% here.

Did you already know that? That is, almost every Internet user begins his search with Google. Only a small part searches content with networks the T-Online, GMX or even alternative search engines like Duck Duck Gogo, Bing or Yahoo. That’s why real estate agents today need to be able to do more than just sell properties. Marketing is a big aspect nowadays, a single exposé is not enough anymore.

This is exactly why we have created “Lukinski”, a real estate platform for property developers that works on one thing above all:

Reputation with customers and buyers through quality.

In order to reach prospective buyers not only at the moment of the real estate search, but perhaps a few days or even weeks before, we write a lot of guides on the subject of real estate search, real estate research up to the subject of tax structuring for real estate owners.

Why? Trust is everything. Especially when we get into the realm of villas and luxury real estate. Ahead, here’s a sneak peek of what our simple, first time real estate beginner guides look like:

• Buying houses
• Sell houses

House types in a list:

• Buy a house
• Farm
• Bungalow
• Semi-detached house
• Single-family house
• Half-timbered house
• Holiday home / weekend house
• Prefabricated house
• Wooden house
• Country house
• Massive house
• Apartment house
• Terraced house
• Beach house
• Villa
• Low-energy house
• Zero Energy House & Passive House

Villas and luxury real estate

Those who invest in luxury real estate no longer pay “only” 2,000 euros per square meter, but easily 10,000, 20,000 euros or even more. This means that the value of the property quickly rises to 10 million, 20 million or even 50 million.

Owners of such exclusive properties are usually very successful people themselves who want to implement their ideas. Some take the opportunity to live in the villa themselves for another year or two and then sell it, others sell directly after construction begins. Large architectural firms, such as Graft in Berlin, realise the ideas of their clients.

Active or Off Market Real Estate

Now comes the big sticking point! Especially with luxury properties and people who may even still be prominent themselves. Such properties need a very special network, so they become, in the special term, off market properties.

A big villa from the star architect is something everyone would love to see, maybe even take a few photos with their phone. But do they want such people for a viewing?

This is where our work as a luxury broker comes into play, because in such special cases, the property is not seen online. The property is only presented to internal investors, so there will never be any data, photos or videos in a public area.

At the same time, the reach still helps us to find buyers for such luxury properties. As described, with our own network, which reaches a quarter of a million people and as an additional reach kicker our real estate magazine, with which we can reach another (x4) million people. So we can also present such, special off market luxury properties indirectly. E.g. by reporting about luxury real estate in Kitzbühel and additionally making reference to our off market real estate offers. Interested parties and buyers can then contact us as real estate agents and we will check their creditworthiness in advance. Only then, only the very first information will be published.

Should I hire a luxury broker real estate service is very important especially for wealthy people. Because time is worth more than money.

Of course we inform our visitors not only in the area of condominium buy and sell, as well as houses buy and sell, also villas and apartment buildings are a big topic with us.

Sell villas

• Buy a villa
• Sell villa

Do you have any questions? Get in touch with our contact persons now:

• Contact

Real Estate Portal: Apartment, House & Apartment Building

Advantages – this small, very first brochure our new building project customers receive in the very first step. Since you have already dealt with the matter “marketing” in great detail, otherwise you would not be at this point in the article, we would like to present our new construction brochure to you once. Here we summarize our range, the possibilities, in shortest form.

1. Page 1 with example advertisement (villa)
2. Facts & Figures: Media data and readers
3. Buyers seek quality: Real Estate Portal
4. Domain Rating: Comparison with a market leader

Brochure: Page 1 with example advertisement (villa)

On the very first page you will find directly an example real estate listing. This villa is currently under construction in Los Angeles, Beverly Hills, to be found in Lukinski Home. Our real estate portal is optimized for all kinds of devices. From smartphones, older generations and newer generations, to tablets, notebooks, desktops and of course 4k monitors, which are built into every modern condo.

New construction: project partners and developers

Facts & Figures: Media data and readers

As seen at the beginning:

255.372 visitors per year, +7,61 % increase / month

With our German-language site alone, we reach over 250,000 people a year. That’s 250,000 potential buyers and prospects for your real estate. With a monthly increase of over 7%, we are aiming for over one million visitors per year in the next few years. As you will see in the following slides, we already have 33% of organic traffic (number of visitors), from one of the market leaders in Germany.

Buyers seek quality: Real Estate Portal

Most start their search on Google.

90+% search on Google

Why do we put our focus, with the real estate portal Lukinski, on search engines and algorithms like Google? The Internet is the future, the saying actually belongs to the year 2010, but it is still as present today as it was then.

Speaking of which, did you know? To date, only about 40% of humanity has access to the Internet. If we look at the situation very simply, there is still an enormous potential for increase. However, we are not only talking about “poorer” countries, which are increasingly gaining access to the Internet through mobile devices, for example; older target groups are also among these “yet to be tapped” groups.

More and more are switching from the classic newspaper and starting their real estate research on the Internet.

Domain Rating: Comparison with a market leader

A direct comparison with one of the leading real estate portals in Germany shows that we have already achieved 33% of organic traffic. This within two years! In the here accessible version of our “Brochure: New Construction”, we can’t tell you about this real estate portal, but we can show you the official evaluation and analysis, which was created with one of the leading search engine optimization software (Xovi).

How does the domain (website) comparison work? The software checks all available keywords and their placement in the Google search engine. The more keywords, the better the ranking, the higher the rating of the domain. This creates a uniform value that can be easily compared with other domains.

Advantages of our real estate agency

These values are an extremely strong argument when it comes to the advantages of our real estate agency. Currently, we are the newest real estate portal that exists in Germany. In 2021 we have (now) reached 33% of the organic traffic of one of the market leaders. In a few days, we’ll be adding English and Chinese to those, so we can reach additional real estate investors, in the US and in Asia. Why?

Germany is the strongest real estate market in the whole of Europe.

Strong returns can be achieved here, especially in metropolitan areas such as Berlin, Munich and Hamburg. A strong playground, for real estate investors.

Contact & Real Estate Agent

Do you have any questions? Get in touch with our contact persons now:

• Contact

Exclusive! Own real estate magazine

In addition, over 1 million people a year

No other real estate agent or real estate portal offers him this advantage. With our real estate magazine, we have built a real benchmark. We report on news in the real estate market, give tips for buying apartments, houses and apartment buildings, write about furnishings, interior design styles and brands that real estate owners need to know. And through our real estate magazine, we can draw on an additional reach of more than one million readers in the year, in German-speaking countries alone.

• Real Estate Magazine

This means that we can also handle extremely large and exclusive real estate projects, from quarters to high-rise buildings, with over 100 residential units.

Der Beitrag Selling real estate: Apartments, Houses, New Construction Projects – Construction Company & Developer (Borchure) erschien zuerst auf ℄ Real Estates.

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.

Der Beitrag Purchase additional costs calculator – Relaxed to the house possession erschien zuerst auf ℄ Real Estates.