New job – what to do with the property?

Are you about to start your dream job, but unfortunately, it requires you to move? Instead of looking forward to this new phase of your life and being well-prepared to start your new job, many homeowners in this situation face a seemingly insurmountable problem: How do you find a new property when you lack the equity because your old one hasn't been sold yet? Professional support can get you out of this predicament.

If the new job is too far away to commute, then moving becomes unavoidable. For many homeowners, however, this means a great deal of stress. They can't buy a new property in their new location without the equity from selling their current one. And they can't sell their current property until they've found a new home near their new workplace.

Time management

Time management is absolutely crucial here. After all, timing is critical in this situation. This balancing act can usually only be mastered by an experienced real estate professional. A local, high-quality real estate agent will not only help you sell your property. Thanks to their many years of experience, they can also find a practical solution to your time constraints, for example, by agreeing on a special arrangement with the buyer of your property, according to which you only move out once your move into the new property is secured. This way, you can focus on starting your new job.

Sell ​​or rent?

Often, when relocating for work, selling the old property is the only option, as equity is needed to finance the new one. However, not all owners want to sell their house or apartment. Some may prefer to keep the option open for a later return. In this case, a professional real estate agent can help you quickly find a suitable tenant and conclude a lease agreement that meets your needs, such as a limited-term lease.

Marketing of the property

Whether you want to sell or rent, both require a lot of time and effort. The asking price or the rent – ​​beware of rent control! – needs to be determined. The property must be prepared for sale or rent. It needs to be brought up to scratch for both the photos in the listing and for viewings. Sales-related documents need to be obtained. Inquiries from potential buyers or tenants need to be managed. Anyone who has to settle into a new job, especially in a distant city, will hardly find the time for all these obligations.

Your local, high-quality real estate agent will take these time-consuming tasks off your hands. They have the necessary expertise to market your property quickly and sell it at a fair market price, or to find the right tenant. If you are unsure whether selling or renting is worthwhile, consult a real estate expert for advice.

Are you planning a move to a new city and unsure what to do with your current property? Contact us! We'd be happy to advise you.

You can find more information here:

https://de.wikipedia.org/wiki/Umzug_(Wohnsitzwechsel)

https://de.wikipedia.org/wiki/Neubau_(Bauwesen)

https://www.steuern.de/werbungskosten.html

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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