Checklist: Remember everything when selling your house

Selling a property requires careful consideration of many factors. It's easy to overlook something, and in the worst-case scenario, this can cost you real money. To help you keep track of everything important, here is our checklist for a successful property sale.

Questions before the sale

  • Is now the right time to sell my property?
  • What is the current value of my property?
  • At what price do I want to sell my property?
  • Within what timeframe should my property be sold?
  • Are there any taxes to be paid when I sell my property?

Documents

  • Energy certificate (if one is not available, it must be applied for)
  • Land register extract
  • Current tenant list
  • Balance/deposit list
  • Building insurance
  • Operating cost statements for the last two years
  • Floor plans
  • Evidence of renovation work
  • Living space calculation
  • Are any further documents required and where can I obtain them?

Preparing the property

  • Preparing a property for sale
  • Perform cosmetic repairs
  • Home Staging
  • Take professional photos of the property

marketing

  • How do I determine the asking price to achieve my desired sales revenue?
  • Who is the target audience for my property?
  • Where and how do I reach my target audience?
  • How much time is required for real estate marketing?
  • Do I have time for marketing?
  • What marketing costs will I incur?
  • Create a professional exposé
  • How do interested parties receive a property brochure?
  • Arrange viewing appointments with interested parties
  • Conduct viewing appointments with prospective buyers
  • Do I have time to conduct viewings on weekdays?
  • What should I pay attention to during the viewing?
  • How do I deal with potential customers?
  • What information do I need to provide to potential customers? Are there any defects?
  • What questions might interested parties ask?
  • Lead management
  • How do I obtain purchase offers?
  • How do I negotiate with potential customers?
  • How do I achieve my selling price?
  • How do I select the buyer?
  • Credit check to determine if the prospective buyer can pay the purchase price
  • When do I reject the other interested parties?

Sale processing

  • Who chooses the notary?
  • What should be included in the purchase agreement?
  • Are there any legal risks?
  • How will the purchase price be paid? Direct bank transfer or escrow account?
  • When and how will the property be handed over?
  • What should be included in the handover protocol?

Are you looking for support in preparing your property sale? Contact us! We would be happy to advise you.

 

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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.

Photo: © olechowski /Depositphotos.com

About the author

Harry Mohr

Certified Real Estate Economist (EIA)

Harry Mohr, author of this article

Harry Mohr

Certified Real Estate Economist (EIA)

 

Harry Mohr holds a degree in real estate management (EIA) and is the owner of Immobilien Kontor Saarlouis (IKS). As a DEKRA-certified real estate appraiser and certified property manager, he provides his clients and colleagues with sound expertise in all areas of real estate marketing, valuation, and management.