Sell property in Munich with Rogers Immobilien

Thorough preparation for your property sale

The sale of a plot of land should be carefully considered and prepared. Before your land sale becomes a success, important points must be considered.

A good preparation forms the foundation for a smooth and successful property sale. We do not underestimate this essential phase and compile all information and documents regarding your property.

Required documents and the responsible authority

• Site plan at the building authority
• Property map or cadastral map at the district office
• Development plan at the building authority
• Directory of encumbrances at the district office
• Land registry printout from the land registry office

What significance does the development plan have for the sale of a plot of land?

In obtaining the documents for your property sale, we will contact the building regulations authority and inquire whether a Zoning plan is available. The following information can be gathered from the development plan:

• In what ways is it possible to develop land? This includes, among other things, regulations on the Height and density of the development.
• Which Use is possible for areas to be kept clear.
• Architectural design regulations can also be included in the development plan, which, for example, roof shape, roof pitch or concern the external form of the buildings.

Determine the correct property value to achieve the best possible purchase price

One of the central questions when selling a property is: How much is the plot worth? It is important to deal with this question in detail, because the answer to it has far-reaching consequences. If the property is offered at a purchase price that is much too high, your property will be on the market for too long and no buyer will be willing to buy the property. The value of a property is influenced by many factors:

Type of property or use of the property: The use of the property has a major impact on its value. Properties that are classified as land expected to become building land are not yet ready for construction, but structural use is foreseeable in the near future.

These plots do not fetch such high purchase prices as is the case with land ready for construction. Nevertheless, land awaiting development is a very desirable option for many buyers. These plots are often acquired primarily by investors and property developers.

How about Accessibility of your property? A developed building plot features access roads, residential streets or footpaths, utility lines such as electricity, heating, gas, drinking water, and sewage disposal (sewerage).

The Land value is of great importance for the valuation of real estate. Standard land values are average location values that refer to one square meter of land area. They are determined and published by committees of valuation experts. The basis for determining standard land values is the so-called. Purchase price databases. Every notary who authenticates the sale of a piece of real estate sends a copy of the purchase agreement to the valuation committee.

He is legally obligated to do this. This gives the valuation committee an overview of sold properties and the purchase prices actually achieved. Standard land values are determined from this data. These are regularly updated and adjusted to the development of real estate prices on the market. The level of the standard land values changes according to the respective location and the permissible development. Thus, it can happen that plots of land achieve completely different purchase prices even though they are not far apart from each other.

Adjustments of the land value standard to determine the market value

Adjustments are often necessary regarding the standard land value in order to determine the market value. The standard land value is in relation to the purchase price of the property of limited validity. The value of the property is adjusted using premiums or discounts. Here are some factors that play a role in adjusting the standard land value:

Size of the property: If the property size deviates from the average, this affects the value. The exact size of the property must always be calculated with. Therefore, verifying the property size is of far-reaching importance. The exact size is noted in the land registry extract, which we obtain from the competent land registry office.

Achievable living space: The more living space that can be achieved on a plot of land, the more the value of the plot increases. Basically, a large plot of land can be built on with a small single-family home. However, if the same plot can be built on with an apartment building containing, for example, eight apartments, its value increases.

Plot layout: The value of plots of land can vary greatly, even if they are the same size but have different shapes. Regular dimensions increase their value, while unfavorable layouts can lead to a price discount. The shape of a plot is therefore a decisive factor for its value.
Orientation of the property: Whether the plot faces south or north plays a very important role. A plot on which a property with a south-facing garden can be built achieves a higher selling price than a plot that only allows development with a north-facing garden.

Location (Macro-location vs. Micro-location): The location is one of the most important features of your property. Everything can be changed and adapted to individual wishes, but the location is unchangeable.

Target audience: Which buyer is your property best suited for?

Before the property is advertised on the market, we address the question of who the property is best suited for. For example, if there are many families in the neighborhood, excellent educational opportunities are available, and the property is also located in a so-called play street (residential dead-end), the property is tailor-made for families. We also emphasize this accordingly in the property listing.

Effective sales exposé: design professionally and appealingly

The exposé contains all factual information about the property and also appeals to potential buyers emotionally. The following content is included in our exposé:

• We describe the property in terms of its state of development. Is it a ready-to-build, developed plot of land or land awaiting development?
• Exact size of the property.
• Detailed description of the location, including information on the size of the town or district, infrastructure (schools, shopping facilities, recreational activities, cultural institutions, etc.), transport situation (federal highway connection, motorway access, public transport, and traffic volume).
• Information on structural use, such as construction method, buildable land area, etc.
• Purchase price of the property.
• High-quality photos of the property and the surrounding area.
• Site plan.

We avoid sugar-coating. If interested parties are disappointed because things are advertised in the exposé that do not correspond to the facts, it only leads to disappointment and distrust.

With us, your property is in good hands

Selling a property is a very complex task and you can benefit from our expertise. We ensure that you achieve the best possible purchase price. Benefit from our experience and specialized knowledge. Here are some of the tasks we handle:

• Determining the correct property value in order to achieve the maximum selling price.
• Professional property description creation including photos that highlight the advantages of the property and location and appeal to the target audience.
• Extensive advertising measures.
• Constant availability by phone or email.
• Organization and competent execution of tours.
• Conducting negotiations with prospective buyers to achieve the best possible purchase price.
• Verification of the buyer's creditworthiness to secure payment of the purchase price.
• Notarial preparation of the real estate purchase agreement.

What is the demand for land in Munich?

The demand for land in Munich is extremely high. Building land is a rare and precious commodity. This is reflected in the very high purchase prices achieved for building plots. The decisive factor for the purchase price is the developability of the property. According to the expert committee, purchase prices for multi-family residential construction in particular have risen significantly. Not every buyer and not every developer can keep up here. The scarce supply of building plots is driving up prices.