Site icon Esales Overseas Property

Selling A Property In Germany

How to Sell Your German Property: A Step-by-Step Guide

The selling process in Germany is highly structured and governed by strict legal protocols to ensure transparency. This guide provides an overview of how the process works to help you navigate each stage with confidence.

Step 1: Agent visits to take a mandate

The process begins with a local agent (Immobilienmakler) visiting your home. An agent with deep roots in your specific “Kiez” or municipality provides the market data necessary for a realistic Verkehrswert (market value).

During this visit, the agent will:

Step 2: Compulsory documents

In Germany, a seller has a “duty of disclosure.” Certain documents must be presented by law, some as early as the first viewing.

Step 3: Marketing your property

German buyers are detail-oriented. Effective marketing relies on a high-quality Exposé distributed through:

Step 4: Buyer visits

Viewings in Germany are often more formal. Agents will usually request a Finanzierungsnachweis (proof of financing) or a bank’s “soft” confirmation before allowing a viewing to ensure the buyer is serious. The goal is to present the home as a “turnkey” investment or a perfectly maintained family residence.

Step 5: Negotiation and the Notar Draft

Once an offer is accepted, the “handshake” is non-binding until a Notary is involved.

Step 6: Sign the Kaufvertrag and Handover

The final signing takes place at the Notary’s office. The Notary reads the entire contract aloud to both parties. Unlike France, you do not usually hand over the keys at this meeting.

The Post-Signing Sequence:

  1. Priority Notice: The Notary secures the property for the buyer in the Land Registry (Vormerkung).

  2. Payment Notice: Once all legal hurdles are cleared, the Notary sends the buyer a Fälligkeitsmitteilung (Notice of Maturity).

  3. Payment: The buyer transfers the money directly to your account.

  4. The Handover (Übergabe): Once you confirm receipt of the full price, you meet the buyer to sign a Übergabeprotokoll, record meter readings, and hand over the keys.

Congratulations, you have successfully sold your German property!

Exit mobile version