
When time is of the essence: the checklist for emergency sales
Solution: Real estate annuity
- Sell your property and continue living there with a right of residence
- There are various models available (life annuity, temporary annuity) – consult a real estate expert to find out whether a real estate annuity is right for you and which model best suits your needs
Preparation/marketing
- Have the value of the property professionally assessed
- Determine a suitable pricing strategy for a quick sale that does not negatively impact the sale price
- Compile documents relevant to the sale, e.g.:
- Energy performance certificate
- Land registry extract
- Building insurance
- Current tenant list
- Floor plans
- Proof of renovation measures
- Living space calculation
- What additional documents are required and where can I obtain them?
- Preparation of the property (cosmetic repairs, depersonalization, home staging if necessary)
- Professional photos of the property
- Who is the target group for the property (e.g., young families, seniors, investors)?
- Prepare a property listing with a suitable description for the target group of the property
- Arrange viewing appointments with interested parties
- Conduct viewing appointments with interested parties
- How do I obtain purchase offers?
- How do I negotiate with interested parties?
- How do I achieve my selling price?
- How do I select the buyer?
- Credit check to determine whether the prospective buyer can pay the purchase price
Handling the sale
- Who chooses the notary?
- What should be included in the purchase agreement?
- Are there any legal risks?
- How is the purchase price paid? Direct transfer or notary escrow account?
- When and how is the property handed over?
- What should be included in the handover report?
Do you need assistance with the quick and discreet sale of your property? Contact us! We will be happy to advise you.
Further information can be found here:
Handelsblatt: Real estate annuity
Notes
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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