Selling a property is one of the most important financial decisions in life. But when is the best time to do so? How is the value of a property determined and what factors influence it? In this blog post, we answer these questions in detail and show you how you can successfully sell your property in Berlin.
When is the best time to sell a property in Berlin?
The perfect time to sell depends on several factors:
- Market situation:Property prices fluctuate depending on supply and demand. In phases of high demand and rising prices, a sale can be particularly lucrative. In times of economic uncertainty or high inflation, on the other hand, it may be advisable to wait before selling.
- Interest rate situation:Falling building interest rates increase the purchasing power of potential buyers and make financing more attractive. When interest rates are low, there are usually more potential buyers, which can have a positive impact on the sales price.
- Seasonal differences:The property market often follows seasonal trends. Many prospective buyers are particularly active in spring and autumn, while demand can fall in summer due to holiday periods and in winter due to public holidays.
- Own life situation:A property sale may become necessary due to personal circumstances such as a job change, an inheritance or financial restructuring. It is important to adapt the sale to your own needs.
- Tax aspects:Anyone who sells a property before the end of the speculation period may have to pay tax on the profit from the sale. Early tax advice can help to avoid financial disadvantages.
Tip: An experienced real estate agent can help you analyse the market and determine the best time to sell your property.
How much is my property worth? How the market value is calculated
The market value of a property determines the realistic selling price and is determined using various valuation methods:
- Comparative value method:Here, sales prices of similar properties in the same location are used as a guide. This method is particularly suitable for condominiums and detached houses in homogeneous neighbourhoods.
- Income capitalisation approach:Particularly relevant for rented properties, as future income (rental income) is included in the calculation. This method is often used for apartment blocks or commercial properties.
- Asset value method:This takes into account the land value as well as the construction and restoration costs of the property. This method is particularly suitable for special properties that are difficult to compare with others.
Tip: While online tools can provide an initial assessment, professional appraisals by experts or estate agents offer a more precise valuation, as individual factors relating to the property are also taken into account.
What influences the value of my property - and how can I increase it?
Several factors determine the value of your property:
- Location:Properties in central and sought-after districts such as Charlottenburg, Prenzlauer Berg or Mitte achieve higher prices than properties in peripheral locations. Proximity to public transport, shopping facilities and schools also plays an important role.
- Condition & modernisation:The structural condition and fittings of the property are crucial. Renovated properties with modern bathrooms, kitchens and high-quality floor coverings are more attractive to buyers.
- Energy efficiency:Low energy consumption increases the value of the property. On the other hand, poor energy efficiency, documented by an unfavourable energy performance certificate, can act as a deterrent.
- Equipment & floor plan:High-quality materials, open-plan concepts, balconies or gardens increase the attractiveness. Flexible utilisation options and sufficient daylight are also important.
Tip: Even minor measures such as a fresh coat of paint, modern lighting concepts or a well-maintained outdoor area can noticeably increase the sales value.
Free property valuation: why it's worth it and how it works
A free property valuation offers many advantages:
- Quick assessment:Online valuation tools provide an initial assessment of the market value in just a few minutes.
- Orientation for sales:The valuation helps to determine a realistic offer price and to avoid excessive or too low asking prices.
- Non-binding and free of charge:Many estate agents offer this service without any obligation to sell.
- Consideration of individual factors:A professional valuation by an expert goes beyond a mere online assessment and also takes into account location, amenities and market trends.
Tip: Don't just rely on an online assessment, but make use of a personal assessment by an expert.
