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The real estate commission—also known as the brokerage fee or agent’s fee—is the compensation for the intermediary or proof-of-opportunity services provided by a real estate agent. Anyone looking to buy or sell property will quickly face these core questions: Who pays the agent when selling a house? How high are the fees when buying? And when is the payment due—after the notary appointment or earlier?
Find out what tax applies when you sell an inherited house and when a tax-free sale is possible!
In May 2020, the Federal Cabinet finally discussed the reform of estate agent commission - since then, sellers and buyers have shared the costs of the estate agent when buying a property. This law rejects the so-called ordering principle. In particular, the law makes the division of the estate agent's commission between the buyer and seller of a property, which has not been uniformly regulated in Germany to date, fairer. In the following, we explain exactly what changes the reform to commission entails and why it now pays off more than ever to commission a real estate agent.
Keeping a house sale checklist often saves not only time but also nerves - because selling your own house is a time-consuming and extensive undertaking. Especially for owners with little experience, marketing the property can quickly become confusing. In order to make the process of selling your house efficient and seamless, we provide you with the following 30-point list, which outlines the most important issues. With our house sale checklist, you are well prepared for every marketing phase.
You want to sublet your apartment? Whenever a contract is signed, the signatories should be aware of the applicable legal situation in order to avoid any subsequent disputes resulting from inadequate knowledge of the law. This also applies to subletting your own four walls. We would like to inform you about the most important legal principles by answering frequently asked questions.
A house sale is nearing its end: The buyer for the property has been found together with the estate agent, the price negotiations are over. Now all that is missing is the notarial contract of sale or notarial deed to make the transaction legally binding and to notarise the purchase at the notary's office. But what does such a contract actually contain and what legal force does it have? Can you withdraw from a notarial contract after signing it? In this article we explain
If you want to sell your house or apartment, an up-to-date energy performance certificate, which provides information about the energy efficiency of your property, is one of the most important documents of all. Since the Energy Saving Ordinance (EnEV) of 2014, such an energy certificate is mandatory if you want to sell your Sell your property want to sell your property. The most important questions about the energy certificate are explained below.
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The commission when selling with Engel & Völkers represents the compensation for the services rendered by our real estate agents. Property sellers often have questions about this, for example when it comes to the exact scope of the services. Also the question of Amount of the brokerage fee and how exactly it is made up are also frequent topics for property sellers. In this guide, we would therefore like to briefly and concisely answer the most important questions about commission when selling with Engel & Völkers and show why working with an estate agent is worthwhile.
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Whether it's a new building or the modernisation of an old building: Anyone planning an upgrade of their heating system should take a closer look at the heating systems of the future. Because while fossil fuel heating systems are usually cheap to buy, they will cost a lot of money to operate over the next few years. Natural gas and heating oil are dependent on the world market and at the same time are only available in limited quantities. This is why heating systems based on heating oil or natural gas are not future-proof. Fossil fuels are also subject to carbon tax, which makes them even more expensive. Modern heating systems using renewable energy sources such as solar or heat pumps protect the environment. Energy from the sun, the air, the earth or the water is available for free. This greatly reduces energy costs in the future. Energy-efficient heating systems make property owners more independent of energy suppliers and politics. Heating systems such as heat pumps, solar thermal energy or heating with biomass contribute to the transition of the heating sector as a significant part of the energy transition. But which heating system of the future is the right one for old or new buildings?
If you want to sell your house successfully, you need documents on all the important features of your property. Obtaining these documents is certainly one of the biggest challenges for owners. Countless documents are related to a building, but by no means all of them are necessary to successfully sell a property. On the other hand, the absence of certain documents, such as the energy certificate, is punishable by severe fines. In addition, many owners do not know for sure how and from which authorities they can obtain the necessary documents. In the following, we therefore present the most important documents for selling a house and show you how our real estate agents can help you obtain them.
The change of use of a building or part of a building is an undertaking under building law. Whether you have to apply for a change of use and need planning permission does not primarily depend on whether you are planning structural measures. Changes of use are subject to planning permission if the new use is subject to different or more extensive requirements under public law than the previous use.
What you should know about leasing and heritable building rights as alternatives to buying and renting, and key points to consider.
Contact
Engel & Völkers Germany
Vancouverstraße 2a
20457 Hamburg, Germany
Tel: +49 40 361310