Selling an apartment involves bureaucratic processes. As a layperson, it is anything but easy to keep track of everything. When estate agents sell a condominium, they have a professional approach. That’s why it’s worth commissioning an expert to sell your apartment.
If you want to sell your condominium yourself or get an overview, you can use the following procedure as a guide:
Checklist for the apartment sale process
The sale of a condominium goes through several stages. Keeping an overview is extremely important here. In this way, you can prepare for the next steps and bring structure to the sale.
- Preparation of the documents
- Determination of the real estate value
- Obtaining the energy certificate
- Creation of a professional presentation
- Arrangement of viewing appointments
- Conducting negotiations
- Checking the purchasing power of interested parties
- Arrangement of the notary appointment
- Signature of the purchase contract
- Handover of the apartment
- Observance of tax regulations (speculation tax)
Once all the details have been finalized, the condominium has been successfully sold.
What documents are required for the sale of the apartment?
Part of the procedure when selling a condominium is to prepare all documents in good time. Some documents are already in your possession, others need to be requested or updated.
The most important documents in connection with the sale of an apartment include
- Energy certificate
- Declaration of division
- Floor plan
- Business plan
- Minutes of the owners’ meeting
- Housing benefit statement
- updated extract from the land register
- Building description
- List of maintenance measures
If you want to adopt a professional approach when selling your condominium, you should be adequately prepared and have all documents available in an updated form.
What costs are associated with the sale of an apartment?
The sale of a condominium is associated with some additional costs. As a seller, you may need the services of an estate agent. They can provide professional support throughout the entire process and offer important advice. They also know exactly how to proceed if a condominium is to be sold successfully.
Since the estate agent reform, the costs of the estate agent are borne equally by the buyer and seller. Most other ancillary costs must be borne by the buyer. However, you have to be careful. If you have kept an apartment for less than ten years and have not lived in it yourself in the last three years, speculation tax may be due on the sale.
If the condominium was encumbered with a loan, this encumbrance must be removed when the property is sold. The costs for this process are borne by the seller. The amount is 0.2 percent of the loan amount.
If you want to sell your condominium, the right approach is crucial
The housing market in Berlin and other major German cities is highly competitive. However, this does not mean that it is automatically easy to sell your condominium. It is important to choose the right approach if you want to sell your condominium successfully. This factor plays a decisive role in how quickly you sell your apartment. You can also achieve a higher price and find a buyer who will help you to complete the purchase process without any problems. The estate agent is an important support here. They take on advisory tasks, guide the sale and accompany the individual steps. This is an enormous relief for the seller.
