Strategy for selling a house - what is the best way to proceed?

2023-02-27 11:42:24

When selling a house, 10,000€ more or less can quickly be at stake – it's definitely worth investing some time for the hourly wage!

Definitely. My point was only that your post read like "Then you just look on Immoscout, take 2 formulas in Excel and you've got your selling price."

2023-02-27 14:28:36

What is actually so difficult about looking for similar properties (age, size, similar location, plot) on Immoscout, Immowelt to get a "feeling" for the price yourself. You can even do it at home from the sofa.

What else you need besides the sofa to call yourself a real estate agent, I already "listed" in post #506 *LOL* The problem with the mentioned portals is that they are large collections of market insights, including those that spoil rather than enlighten the picture. No ad states how long, how often, on how many other portals and at how many different prices it has already been listed. You also cannot see which offers have disappeared due to successful business transactions (and if at the last asking price), and which only because the advertiser is taking a break or has lost hope. The appraisal committees know more about this (but are worthless in times of rough market conditions because they are not available in a timely manner), and the relatively best way is to look at the market reports of the respective savings banks or cooperative banks. Ultimately, real estate agents here are mostly nothing more than representatives at the roulette table. Their results are practically the same as what you could achieve yourself: they put a property and a price tag on the hook and try out if someone bites. They can be cowards or gamblers—if they resemble the seller in this, the test results will be similar as well.

2023-03-02 06:29:02

Yesterday I discovered my condominium, which I sold in 1997, on an online portal. At that time, I both bought and sold the apartment without a real estate agent. I was blown away by what agents in DE charge, 2 x 2.975%. For what?

I know the market here in Perth/Aus quite well; the average commission is 2.44%, in Sydney, Melbourne less. Of course, the commission is paid by whoever hires the agent.

I know the same from the UK, where the commission ranges between about 0.9-3.2, with the amount in both countries not fixed but negotiable. And when I imagine how much more effort is made by agents in the UK and AUS, I am simply speechless.

2023-03-02 06:45:18

and just now I discover the condo from previous acquaintances on the portal, or rather the apartment above, was around the corner from me, same size, the broker wants

Commission for buyers 3.57% incl. VAT
Commission for sellers: 3.57% incl. VAT

really now?

2023-03-03 11:40:18

Commission for buyers 3.57% incl. VAT Commission for sellers: 3.57% incl. VAT seriously?

Of course it is paid twice, because there are two parties involved (provider and recipient) and two misconceptions (only brokers know the market and the value, only brokers know the people). Both cost three percent plus VAT respectively, the actual service of the broker (in Germany he usually provides none that one would need him for) is therefore fairly included free of charge ;-) Actually, brokers should often even pay money to the parties - as a seller because of the burning of the property, and as a buyer because of the influence on the supposed market prices. But the knowledge of how little brokers in Germany know and have to know and how little responsibility they bear is known to everyone from publicly accessible sources. Thus, brokers only commit a "demanded asset damage" on the actual participants of the deal, and under these circumstances it is not punishable. By the way, it is part of the socio-political culture in Germany that the legislator is very proud of the parity of cost distribution of this nonsense. According to this logic, the taxi driver should actually be paid half by the one to whom one is driven. Maybe Jakob Maria Mierscheid will still bring this proposal in time for April 1st to the Bundestag ;-)

2023-03-03 13:00:07

Of course it is paid twice, because there are two parties involved (seller and buyer) and two misconceptions (only brokers know the market and the value, only brokers know the people). Both cost three percent plus VAT each, the actual service of the broker (in Germany he usually provides none that one would need him for) is consequently included fairly without charge ;-)

Actually, brokers should often still pay money themselves – as sellers due to the devaluation of the property, and as buyers because of the influence on assumed market prices. But the knowledge of how little brokers in Germany know and have to be able to do and how little responsibility they bear is publicly available to everyone. Thus, brokers only commit an "asset damage on demand" against the actual participants of the transaction, and under these circumstances this is not punishable.

By the way, it is part of the social-political culture in Germany that the legislator is very proud of the parity of the cost distribution of this nonsense. According to this logic, the taxi driver should actually be paid half by the person being driven to the destination. Maybe Jakob Maria Mierscheid will still bring this proposal to the Bundestag in time for April 1st ;-)

Here I must contradict you: no law states that both parties have to share the broker fees. It only states that the costs for the buyer may not be higher than for the seller. We as sellers at the time (to finance Pusemuckel’s then new house) took over the broker fees completely and freed the buyer of them. And one could wonderfully negotiate the costs with the broker.

Admittedly, in the end brokers and sellers benefited from this, not the buyer. But the buyer was happy because he did not have to pay broker fees. That has its advantages :)

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Strategy for selling a house - what is the best way to proceed?

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