A house or property doesn’t sell overnight. If you want to get a fair price for your property, you have to plan a lot of time and effort. With these tips you are on the safe side.
An unexpected inheritance, a job change, changed family circumstances – there are many reasons to sell a property. A house or property is not much more difficult to sell than a car. If you are looking for instant cash for your property, sell it at Sell Land as we buy land for cash at very attractive price
When is the best time to sell?
You do not always have a free choice when it comes to the right time – for example, if the house you share has to be sold after a divorce or if you unexpectedly inherit a property that you cannot or do not want to maintain. If at all possible you should still avoid a good time to sell. In the case of real estate, cheap means: low interest rates and high demand. One hundred percent financing is currently possible in Germany without high interest charges.
How long does a worst-case sale take?
Various factors affect how long it takes to sell a property. The most important criterion is the location: real estate in city locations or in metropolitan areas usually sells faster than a house or property in less sought-after rural areas. A rough guide for the marketing time is five months. The exact type of property, equipment and of course the price is also included.
If there is time pressure, the buyer is quickly inclined to lower the purchase price in order to get rid of the property – although with a little patience a better price might have been achieved.
So keep in mind that the sale of your property can take half a year or more. Maybe there is an alternate scenario that you can think through; for example, renting out your property on a temporary basis. So you don’t have to rely on selling to the highest bidder at any price.
How much is my property worth?
If you own your own house, maybe even built it yourself, you will surely remember every penny, every hour of work that you put into it. When selling, of course, you want this effort to be taken into account – but unfortunately this expectation is unrealistic. What you have invested in your property does not have to have anything to do with the achievable price. This is determined solely by supply and demand at the moment of the sales process.
Which data and documents do I need for the sale?
In order to sell your property quickly and smoothly, you should collect as much data, facts and documents as possible. In this way, you can give potential buyers well-founded information about the property. This information is important not only for you as the seller, but also for the buyer who applies to a bank to finance the purchase. The sooner you have gathered the documents, the greater the chances of a good sale.
You need the following information and documents:
- Living space (floor space of all rooms that are used for residential purposes, balconies and the like only count for half)
- Land area (the value is in the land register or in the site plan)
- Construction year
- Condition of the house (e.g. insulation, heating, windows, electrics)
- Equipment (e.g. sauna, special technology, parquet)
- Ongoing costs (e.g. property tax, home insurance, costs for garbage collection and street cleaning)
- Energy certificate
- Land register extract
- Valuation of the property
- Floor plans
- List of the renovations carried out
- Architectural drawings
- Building insurance policy