FAQ
It depends. In principle, we advise against it. In certain cases, it makes sense to have small cosmetic renovations, such as painting or floor repairs, carried out before selling – these can increase the value and attract more interest from potential buyers. Major renovations are often not worthwhile, as buyers often want to make their own adjustments. In addition, tax issues must be taken into account. We are happy to help you develop the best strategy for your property.
When you sell, the existing mortgage is usually terminated early, which may result in an early repayment penalty (colloquially known as a penalty). The early repayment penalty is deductible from the property gains tax. Alternatively, the mortgage can be taken over by the buyer if the bank and the buyer agree. Depending on the circumstances, you can also transfer your mortgage to your new property. Don’t worry, we know our way around and will be happy to help you.
Important documents include the land registry extract, building plans, building insurance policy, utility bills, investment list and, for condominiums, the founding documents, regulations, usage and management rules, the minutes of the owners’ meetings and the annual financial statements including the budget. If you do not have these documents, don’t worry – we can usually organise them for you.
The length of time it takes to sell a property depends on the market situation. On average, it takes 3 to 6 months from the first viewing to the notary appointment. It can happen more quickly in sought-after locations, while it can take longer in less sought-after regions. A professional market presence gives you a decisive advantage on the market and significantly promotes the sales process.
