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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?
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If more than one owner is to be registered for a house, a condominium or a plot of land in Hamburg, a so-called declaration of division is required: This clearly defines the ownership structure between several people who together form the community of owners. If you are planning to buy a property in Hamburg and name more than one owner, you can use this article from your real estate agent Engel & Völkers Hamburg Elbe to find out what the contents of the declaration of partition are and what functions it performs for the community of owners.
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One of the clear Advantages of real estate as a capital investment compared to other investment opportunities, such as gold as an investment, is the possibility of lending through banks. It is important to note that the banks evaluate the personal income situation in addition to the property when financing the first property.
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An assessment from our experts
Before a property can be sold, you need to find out what its financial value is. This is where the market value comes into play: various methods can be used to determine the objective value of a property. The market value thus forms the basis for the selling price of a property and is based on the price that can be achieved in the ordinary course of business at the time of the determination, taking into account all relevant factors such as location, condition and building materials used. This value is determined without taking into account personal or unusual circumstances and takes into account legal circumstances and actual characteristics. In simple terms, the market value represents the most likely selling price.
A standard tenancy agreement specifically for Hamburg tenancies is the so-called Hamburg tenancy agreement. It was developed by the Hamburg Landowners' Association. As a Hanseatic organisation representing the interests of private land and property owners, the model contract was originally created to provide assistance to its own members. Not only landlords but also tenants benefit from using the standardised Hamburg tenancy agreement. This is because the standardised tenancy agreement offers legal certainty for the entire housing market in Hamburg. But that's not all. Tenants and landlords of commercial property also have the opportunity to benefit from a commercial version of the Hamburg tenancy agreement. There is also a model contract for the letting of garages and car parks. All three Hamburg tenancy agreements have the same requirements and advantages. With Engel & Völkers Hamburg Elbe, you will also find fantastic flats and houses to rent or buy. Discover interesting properties with us in Baakenhafen, the Elbe suburbs and other districts of the Free and Hanseatic City of Hamburg. Find out more about the individual properties:
The awareness surrounding environmentally friendly construction and social responsibility in the real estate sector is growing steadily. Sustainability is playing an increasingly vital role in property markets, heavily influencing private owners, investors, developers, and real estate brokerages alike. The driving factors behind this shift are clear: rising energy costs, statutory climate protection goals, and evolving expectations from buyers, tenants, and investors. Consequently, the industry is increasingly aligning itself with ESG criteria (Environmental, Social, and Governance) to ensure properties are eco-friendly, socially responsible, and economically resilient.
If you are looking for a new property or even want to sell your property yourself, you will often come across terms such as living space or floor area. But what exactly do these terms mean and what is the difference? In this article we would like to clarify the topic of living space and show you how it is calculated.
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Engel & Völkers Germany
Vancouverstraße 2a
20457 Hamburg, Germany
Tel: +49 40 361310