Online valuation tools provide good guidelines for a property. A professional local real estate agent also knows the local characteristics that influence value. If you want accuracy, go to a professional local real estate agent.

How to find the right pricing strategy for your property
At the moment, consumer uncertainty is also having a major impact on the real estate market. But that is not the only reason, as many asking prices are still far too high in relation to the financing options available to prospective buyers. They are competing with rental offers. This reluctance to buy, caused by high interest rates and inflation, is leading to significantly fewer enquiries. This has an impact on the price that sellers can achieve.
Expert assessment
Jens Tolckmitt, CEO of the Association of Pfandbrief Banks (vdp), said at a presentation of the main price index for the first quarter of 2023 that there are currently relatively few transactions. Sellers and prospective buyers are currently looking for a price equilibrium. In his view, this phenomenon will continue for several quarters.
Residential property prices over time
According to vpd analyses, residential property prices have fallen by 2.1 percent within a year, comparing the first quarter of 2022 with the first quarter of 2023. However, many experts believe that much more significant declines are to be expected for a market correction.
In particular, in large cities, where inflation has been enormous in recent years, price adjustments of up to 40 percent are expected in individual cases, depending on the location. This is equivalent to the sharpest price decline since the index was first recorded and therefore presents sellers with challenges when determining prices.
If you are considering selling your property, it is essential to seek advice from a local quality real estate agent. They will support you in the sale and, thanks to their many years of experience, will develop a suitable pricing strategy to achieve a market-driven price for your property. Despite falling prices, it is still realistic to expect significant profits compared to the purchase price of the property.
Better to sell now than wait for better times
Anyone who needs to sell now should do so. Waiting is not a good option. After all, market experts expect prices to continue falling in the coming months, as it is unlikely that the ECB will lower interest rates again to a historic low of around one percent. As long as property seekers prefer to rent in uncertain times because purchase prices are too high, the price correction will not be complete until the gap between rental and purchase prices narrows again.
Finding the right pricing strategy
The extremely dynamic situation on the real estate market makes it difficult for sellers to estimate the value of their property and the appropriate asking price. There are two dangers lurking here for owners: 1. Selling the property below its value and 2. Being stuck with it because no buyer can be found due to an asking price that is too high.
It is therefore always advisable to consult an experienced professional real estate agent. They will professionally determine a market-driven price for the property, define the appropriate pricing strategy, and handle negotiations with prospective buyers. Thanks to their experience and expertise, they will be able to confidently justify the price to prospective buyers.
Do you need assistance in estimating the price or selling your property? Then contact us! We will be happy to advise you.
Note
For reasons of readability, the generic masculine form is used in this text. Female and other gender identities are expressly included where necessary for the meaning of the text.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific case.
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