Help, my property has become too big for me!

The kids have left home and the former children’s bedrooms upstairs are empty. You had originally planned to convert these into guest rooms, but you don’t actually have that many visitors. In this kind of situation, home-owners often decide to downsize. The big question then is: do I sell up, or do I let the property?

Every owner must decide for themselves which option seems the wisest course for them. Do you want to sell or let your home? The best way to make this decision is to consult a professional estate agent. They will know the current market situation and also take the wishes and ideas of owners into account when making their recommendation.

Using the proceeds of a house sale to fund your retirement

If you decide to sell up, the proceeds can, for example, be used to purchase a smaller property, to fund your retirement or even be disbursed as an early inheritance to save on taxes or avoid inheritance-related disputes. By letting your property, you can gain a regular income – though not without also incurring certain obligations. You must also take close account of the condition of the property, any maintenance costs and the market situation, so as to ensure that the rental income doesn’t end up being less than the necessary investment in the property.

Natürlich spielt auch der Wert der Immobilie eine entscheidende Rolle, wenn es um die Entscheidung für den Hausverkauf geht. Als Privatverkäufer sollte man sich bei der Bewertung stets einen Profi-Makler zur Unterstützung suchen, da man selbst oft emotional bewertet.  Viele Erinnerungen an schöne Momente stecken in einer Immobilie. Diese verleiten dazu, einen viel zu hohen Preis anzusetzen. Doch um erfolgreich verkaufen zu können, müssen Sie den realistischen Marktwert Ihres Hauses kennen. An einer professionellen Wertermittlung führt daher kein Weg vorbei. Nur so können Sie auch bei Verkaufsverhandlungen wirklich stichhaltige Argumente vorbringen.

Choosing when to sell

Along with a property’s location and features, choosing when to sell can also be very important in getting the best possible price for your property. Anyone selling their property in order to downsize often has the tremendous advantage of not being under any time pressure to sell up. You therefore get to choose the exact time when to sell. However, you should be aware that there are no hard-and-fast rules in terms of an optimal time to sell. There are simply too many variations between the individual housing markets and developments in the various regions. Professional estate agents know the market developments and present owners with their options. In doing so, the estate agent will also take account of economic factors, the market situation, deadlines, tax issues and your personal situation.

Do you want to know whether it is worth selling your property and downsizing? Get in touch with us! We are happy to advise you.

 

Didn’t find the answer?

https://www.tagesspiegel.de/wirtschaft/empty-nest-syndrom-wenn-die-kinder-ausziehen/25496980.html

https://www.idee-fuer-mich.de/mein-kind-zieht-aus-1715.html

https://www.destatis.de/DE/Service/Statistik-Campus/Datenreport/Downloads/datenreport-2018-kap-2.pdf?__blob=publicationFile

 

 

Disclaimer: This article does not constitute tax or legal advice in individual cases. Please consult a solicitor and/or accountant to clarify the circumstances of your specific case.

 

Photo: © ImageSupply/Depositphotos.com

 

 

Bewerten Sie jetzt Ihre Immobilie!

Kostenfrei | Unverbindlich

The separation year: to sell the property or not?

Die Ehe ist nicht immer von Dauer. Haben Paare sich für eine Scheidung entschieden, muss nicht unbedingt bis nach dem Trennungsjahr gewartet werden, bis ein gemeinsames Haus oder Eigentumswohnung verkauft werden kann. Aber was ist […]

Read more

Moving into a care home – the next steps

When one’s parents or grandparents get to a stage where they require care and their own home is no longer suitable for their needs, there is often only one option remaining – moving them into a care home. […]

Read more

Developments in property prices – is the property bubble bursting, or is it the crystal ball that’s about to shatter?

Prognosen zur zukünftigen Entwicklung des Immobilienmarktes haben eines gemeinsam – sie beruhen auf Annahmen, die entweder eintreten können oder auch nicht. Insofern gleichen sie einem Blick durch die Glaskugel. Analysten der Deutschen Bank haben nun […]

Read more

OUR TEAM

with passion for service

Mathilde Allemand

Office ADEN IMMOBILIEN
Berlin Wilmersdorf

Junior Project Manager

French, German, English +49 30 88 70 24 08 mathilde.allemand@aden-immo.com

Michael Bautz

Office ADEN IMMOBILIEN
Berlin Friedrichshain

Real Estate Agent

German, English +49 30 29 77 87 80 michael.bautz@aden-immo.com

Isabelle Goncalves

Office ADEN IMMOBILIEN
Berlin Wilmersdorf

Real Estate Agent

French, German, English +49 30 887 024 07 isabelle.goncalves@aden-immo.com

Lars Drewes

Office ADEN IMMOBILIEN
Berlin Wilmersdorf

Head of Sales

German, English +49 30 23 633 533 lars.drewes@aden-immo.com

Robina Henicke

Office ADEN IMMOBILIEN
Berlin Friedrichshain

Real Estate Agent

German, English +49 30 29 77 87 80 robina.henicke@aden-immo.com

Florence Holz

Office ADEN IMMOBILIER
Paris Courcelles

Client Management

French, German, English +33 1 56 33 70 70 florence.holz@aden-immo.com

Annabel Huard

Office ADEN IMMOBILIEN
Berlin Wilmersdorf

Senior Project Manager

French, German, English +49 30 88 70 24 08 annabel.huard@aden-immo.com

Udo Lewin

Office ADEN INVEST
Berlin Wilmersdorf

Real Estate Agent

German, English +49 30 23 633 533 udo.lewin@aden-immo.com

Olivier Montero

Office ADEN IMMOBILIEN
Berlin Friedrichshain

Real Estate Agent

French, German, English +49 30 29 77 87 80 olivier.montero@aden-immo.com

David Nguyen

Office ADEN IMMOBILIER
Paris Courcelles

Managing Director

French, English +33 1 56 33 70 70 david.nguyen@aden-immo.com

Hélène Salvanes

Office ADEN IMMOBILIEN
Berlin Wilmersdorf

Marketing & Business Development

French, English, German +49 30 88 70 24 08 helene.salvanes@aden-immo.com
Porträt Arnaud Schott_quadratisch

Arnaud Schott

Office ADEN INVEST
Berlin Wilmersdorf

Managing Director

French, English, German +49 30 23 633 533 arnaud.schott@aden-invest.com

Cihan Selmo

Office ADEN IMMOBILIEN
Berlin Charlottenburg

Real Estate Agent

German, English, Turkish +49 30 220 66 11 77 cihan.selmo@aden-immo.com

Ulrike Siebert

Office ADEN IMMOBILIEN
Berlin Wilmersdorf

Marketing Manager

German, English +49 30 88 70 24 08 ulrike.siebert@aden-immo.com

Julian Strehblow

Office ADEN IMMOBILIEN
Berlin Charlottenburg

Real Estate Agent

German, English +49 30 220 66 11 77 julian.strehblow@aden-immo.com

Jeannette Zentel-Schertlin

Office ADEN IMMOBILIEN
Berlin Charlottenburg

Real Estate Agent

German, English, Spanish +49 30 220 66 11 77 jeannette.zentel-schertlin@aden-immo.com