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Buyer Guide

Notarisation and handover: what happens after the purchase price has been agreed

Have you found your dream property in the Elbe suburbs or the ideal buyer for your high-quality property in Hamburg HafenCity? In order to finalise the sale after the purchase price has been agreed, the property must be notarised by a notary. The appointed notary draws up a draft purchase agreement. The buyer and seller then sign this contract at the notary appointment. Once payment has been made, the notary releases the contract and the property is handed over. What sounds so simple actually harbours one or two bureaucratic hurdles. To help you sell your property in Hamburg smoothly, we provide you with further tips for the process. You can find other guides and information about property in Hamburg along the Elbe here:

Your real estate portfolio - how should it ideally be structured financially?

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.

Yield and factor - how can you recognise a worthwhile investment?

The two main indicators for an investment in a residential and commercial building are the yield on the one hand and the factor on the other. To calculate the Return (gross yield), the annual net cold rent is divided by the purchase price. This guideline value provides an initial point of reference for sounding out the available properties on the market and comparing them with each other. However, it should be borne in mind that this figure does not include non-apportionable operating costs or maintenance and refurbishment costs.

Best ways to finance your home

Who wants to pay rent when financing a property is so cheap at the moment? The low construction interest rates make buying a house or a flat particularly attractive at the moment. However, there are many things to consider when financing - for example, interest rates are very likely to rise again in the next few years. That's why comparing different financial service providers can save you a lot of money, especially when it comes to real estate financing.

Buying a second home as capital investment

According to the German newspaper Die Welt, more and more properties serve as direct capital investment. Most German buyers purchase locally for this purpose. But buying a second property also has other benefits. Apart from it serving as a long-term capital investment, many middle income buyers also see a second home as an immediate source of income. Three out of four holiday home owners buy with the intent to let their second home temporarily or permanently.

What is the local comparable rent based on?

The local comparative rent is formed from the usual rents of the municipality (or a comparable municipality). The living space must be comparable in terms of type, size, equipment, quality and location. The period under consideration for the local comparable rent is four years. Increases due to increases in operating costs are not taken into account.

Seller Guide

Private subletting - what is permissible and what is not?

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.

House sale contract - what you should pay attention to

A house sale contract is needed to facilitate the change of ownership of a property. At the same time, such a contract usually raises many questions for buyers and sellers. After all, selling a property is an everyday undertaking for very few people. It is therefore all the more important that the contract for the sale of a house is drawn up with appropriate care and prepared in a way that is understandable for all parties involved. In the following, we therefore explain in advance key questions regarding the contract of sale of a property.

Early repayment penalty: 5 questions on selling a house before the fixed-interest period expires

Almost every property owner who wants to sell his or her house before the fixed-interest period expires has to pay a so-called early repayment penalty. However, this topic often raises questions among home sellers: What is the early repayment penalty for? How high is it? And is it possible to avoid it? If you are considering selling your home before the end of the fixed-interest period, you should find out in advance what costs an early termination of the loan agreement may entail. In the following, we explain the most important questions about early repayment fees.

Your real estate portfolio - how should it ideally be structured financially?

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.

Brokerage contract for the sale of a house - Everything about the exclusive commission, content, right of cancellation

There are a number of good reasons why you should commission a real estate agent and conclude a real estate agent's contract in the process. The brokerage fee, the scope of services and other modalities are regulated in such a document. What exactly the brokerage contract contains, what types of brokerage contracts there are and whether you can revoke it are explained below.

Real Estate Agent

Jobs for School leaver, student and graduates at Engel & Völkers

Talented individuals with a passion for the property industry can expect a dynamic and international working environment at Engel & Völkers with minimal hierarchical structures and short decision-making processes. Whether as a trainee, intern, working student or graduate just starting out on the career ladder: take on responsibility right from the outset. It’s an ideal opportunity to get involved, test the waters and prove yourself. If you identify with our values competence, passion and exclusivity, you will feel right at home with Engel & Völkers. 

Training as a real estate agent - what awaits you!

Training as a real estate agent is a multifaceted challenge. Real estate agents have to deal with a wide range of tasks related to the real estate industry and real estate management.

Become the best real estate agent. With Engel & Völkers.

We’re looking for you! People with a passion for and fascination with real estate – from industry newcomers to experienced agents. Anyone can become a real estate agent, but not everyone makes it a success. As a global property company with an incredibly strong brand, we can help you succeed, and we look forward to getting to know you.

What does a real estate agent do?

The broker’s fee is one of the biggest cost factors arising from property sales for owners and buyers. But what does a real estate agent do for the brokers fee you pay and why does it pay off?

E&V job insights: behind the real estate assistant job description

There's more to the world of real estate than becoming an agent. From advisors to more executive roles, your path into the world of luxury property could be a rich and varied experience, leading from practical positions into more consultative capacities throughout your career. If you're hoping to get your foot in the door at a luxury property agency, one role you might consider applying for to begin amassing a thorough knowledge of the industry is a that of a real estate assistant.

A career of your own making: The independent work of a real estate agent at Engel & Völkers

Flexible working hours, exciting customer contacts, attractive earning opportunities - all of which are offered by a career as a real estate agent. Often, however, real estate agents are faced with the challenge of achieving these goals through self-management and personal responsibility. Learn how Engel & Völkers supports you to work independently and thus take your career to the next level.

How to build a network in real estate

It's often said that success isn't down to what you know, but whom you know. And there aren't many places the social element of work is more important than in real estate. Here, word of mouth can be the difference between a career of middling success and being the very best in your area. Of course, being personable and likeable is also key to helping you land sales. With this in mind, here are a handful of tips on how to build a network in the real estate world.

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Engel & Völkers Germany

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20457 Hamburg, Germany

Tel: +49 40 361310