8 important questions before selling your property

Selling your own property is a major decision for most people. Nothing should go wrong during the sale . To help ensure this , we have summarized the most important questions for you.

Especially in times of falling property prices, not everyone wants to sell voluntarily. However, owners can't always freely choose when to sell. Regardless of the reasons for selling, anyone considering selling their property should clarify the most important aspects beforehand.

1. Property Sale

As a first step, you should consider whether you want to sell privately or with a real estate agent. Having a good agent by your side saves you time and resources and offers the significant advantage of not having to worry about anything.

2 adjacent properties

Are you planning to buy or rent a new property? Consider potential financial implications, such as prepayment penalties for early loan repayment.

3 Sales documents

Make sure you have all the relevant sales documents for your property. These include the land registry extracts, building plans, energy performance certificate, floor plans, property description, cost breakdown, and site plan.

4. Assessment of the property value

Have you already had your property appraised? It's worthwhile to consult a local, reputable real estate agent. A local agent knows the regional market and how to determine a fair market price.

5 defects or known problems

A thorough inspection or appraisal is worthwhile in this case. This can help inform potential buyers and avoid possible disputes after the sale.

6 modernizations

It is also advisable to provide a list of all modernization and renovation measures that have been carried out.

7 Inventory

If you intend to sell parts of the inventory along with the property, you should determine their value and include them in the sales process.

8 Legal situation

You should be aware of any pre-emption rights or other restrictions that may affect the sale of the property. Check contractual agreements, official regulations, and any third-party rights recorded in the land register!

Are you looking to buy a property and need help financing it? Ask us! We'd be happy to advise you.

Notes

For the sake of readability, this text uses the generic masculine form. Female and other gender identities are explicitly included where relevant to the statement.

Legal notice : This article does not constitute tax or legal advice for any specific case. Please consult a lawyer and/or tax advisor to clarify the facts of your individual situation.

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