A historic half-timbered house with a charming exterior. - ©Wordliner/Bild erstellt mit OpenAI's DALL·E.

Sell property without losing value

Many property owners only realize that their property has lost value when they want to sell it. They often already have a price in mind and are then irritated when they cannot achieve it on the market. Potential buyers do not accept every property at any price. If you want to avoid a loss in value, you should consider various aspects of real estate before selling.

Even though demand for real estate still exceeds supply in many regions of Germany, prospective buyers remain critical when it comes to price. This is not least due to rising interest rates, which make purchasing real estate more difficult for many. Owners can avoid this scenario by taking the following measures.

Real estate appraisal

Your first step should be to consult an experienced real estate professional. They will carry out a professional valuation of your property. This will enable them to identify where your property has lost value and how you can counteract this loss.

Energy renovation backlog

Neglected energy-efficiency renovations are currently responsible for a significant loss in value. A local quality real estate agent will recommend an independent energy expert. They will tell you which measures make sense for your property. They will also advise you on government subsidies. The agent will tell you how the respective measures will affect the value of your property.

Defects due to age

Even normal damage and defects in a property reduce its value. If these are not repaired professionally, there is a risk of consequential damage. You should therefore invest in renovations and repairs to increase the value of your property. Focus on measures that have the greatest impact on value, such as modernizing the kitchen and bathroom, replacing the heating system, or improving energy efficiency. Make sure that the investments are in proportion to the expected added value.

Legal aspects and documentation

Ensure that all necessary documents, such as energy performance certificates, land registry extracts, and building permits, are up to date and complete. Transparent and complete documentation can prevent legal problems and strengthen buyer confidence. If, for example, the energy performance certificate is not available by the time of the viewing, you may face a fine of up to $15,000.

Professional marketing

A professional presentation of your property is crucial. High-quality photos, virtual tours, and appealing real estate ads help attract potential buyers. The right approach is key here. Check which target group is suitable for your property and tailor your marketing strategy accordingly.

Are you unsure how much you can currently sell your property for on the market? Contact us! We will be happy to advise you.

Notes

For reasons of readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as this is necessary for the statement.

Legal notice: This article does not constitute tax or legal advice in individual cases. Please have the facts of your specific case clarified by a lawyer and/or tax advisor.

Photo: © Wordliner/Image created with OpenAI's DALL·E.

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.

Which is better: online valuation tools or a local real estate agent?

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We may already have the right property for you in our real estate database. We value personal contact and take time for you and your wishes to ensure a stress-free transaction. Contact us! We will be happy to advise you.

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