Selling your apartment for an annuity – The annuity gives you financial stability without having to give up your home. This is especially important as there are many people who value their home and independence and prefer to live independently for as long as possible. When deciding whether to sell an annuity or an entire […]
Sell apartment with right of residence — the sale of one’s own property under the reservation of a lifelong right of residence is one of the most powerful instruments of testamentary succession. Properly structured, this allows a family to save six-figure amounts in gift and inheritance tax, while the seller spends their old age in […]
Selling an apartment – The sale of an apartment is associated with various costs that can vary depending on the type and scope of the transaction. The most important cost items are usually the real estate agent fees and notary fees, as well as any costs incurred in obtaining the documents. What additional additional costs […]
Notarization – In order to draw up a purchase agreement for a property, it must be notarized. The purpose of notarization is to protect the buyer and seller from hasty decisions and to ensure that the interests of both parties are properly recorded. The recording of the interests is carried out by a notary, who […]
Transfer of ownership in the contract of sale – By concluding the contract of sale, not only does ownership of a property pass to the purchaser, but the purchaser also assumes all risks, taxes and burdens associated with ownership of the property. This allows the new owner to do with the property as they see […]
Encumbrance power of attorney – The encumbrance power of attorney authorizes the buyer to encumber the property with a lien in order to finance the purchase price. Explore real estate guide. This power of attorney is only required if the buyer of the property wishes to obtain outside financing and the lender requires collateral for […]
Construction preparation power of attorney – The construction preparation power of attorney is the authorization that the seller transfers to the buyer to be able to start with preparatory work. The scope of the power of attorney should be described exactly and the risks for the buyer should be clearly delimited. As a rule, the […]
The fraudulent misrepresentation in real estate purchase is one of the few levers that a buyer can use to reclaim, reduce the purchase price, or rescind the contract — even after notarization and handover — even if the contract contains a complete exclusion of warranty. That is exactly why it is the buyer’s sharpest weapon […]
Foreclosure Submission for Purchase Price – Every real estate purchase agreement contains a submission clause. This clause states that the seller of a property can immediately foreclose and seek payment of the purchase price from the buyer if the buyer fails to pay the purchase price on time. The purpose is so that the seller […]
Real Estate Bubble – Here you can get a brief overview of what a real estate bubble is, how it occurs and what the consequences are if it bursts. Real estate bubble – briefly & concisely explained: What is a real estate bubble? Many who hear the word real estate bubble first wonder what the […]
Conveyance (land register) – Conveyance is the agreement of the buyer and seller that ownership of the property is to be transferred to the purchaser and the transfer of ownership is to be executed in the land register. Tips: selling guide. Only with the conveyance and the completed entry in the land register does the […]
The duty of disclosure obliges sellers and real estate agents to voluntarily reveal to the buyer all value-affecting and decision-making aspects of a property — from hidden defects to ongoing legal disputes up to economic risks such as special levies. If the seller breaches this duty in bad faith, the buyer can still challenge the […]