Calculate what costs you will incur with your property sale!

No matter how you sell your property - before you start, you should calculate the expenses you will incur with the sale. After all, these will influence your income from the property sale. Do you want to buy a new property afterwards? Only with a well-considered list of deductions will you know what capital you can work with.

At this point you should think carefully about which costs are to be covered during the sale and what other burdens are associated with it - keyword: tax.

Some factors that can reduce the proceeds when selling real estate:

Advertising costs: In order to make interested parties aware of the property sale, advertising must be carried out. Unfortunately, advertisements are not free.
Professional photos: Attractive photos of your property are indispensable for a convincing exposé. If you are not experienced with your SLR camera or have an acquaintance with experience in this field, you should hire a professional. Here, too, there are costs.
Renovations: In order to increase the value of the property, it can make sense to fix up one or two small things before selling - for example, painting over water stains - costs and benefits should be calculated!
Documents: Do new floor plans have to be drawn up? Do I have to apply for an energy certificate? Costs arise here too!
Early repayment penalty: If the loan is cancelled when the house is sold, there may be a fee for this. This also reduces the proceeds.
Taxes: Do taxes have to be paid after the sale of the property? Find out when and how much tax will be charged on your sale!
Estate agent: Depending on the federal state, you as the seller may have to pay part of the estate agent's fee. Of course, this will also incur costs. But: find out which costs are borne by the estate agent when selling! These are usually waived for you if you hire an estate agent.
Consider how much effort you can put into your property sale!
A private property sale cannot be completed with money alone. Each step of the process also requires a certain amount of time, depending on how much you do yourself and how much work you hand in. Should every viewing be carried out by yourself? Should all prospective buyers be dealt with directly by you? Do you want to take every phone call? Create an exposé yourself? Of course, a hands-on mentality saves costs - but is it worth it?

Do the maths: How much time do you actually have? Do you work 40 hours a week, or part-time? How much effort do you associate with the individual work steps - and can you realistically manage it? For freelancers, this is certainly also an interesting consideration: Is it worthwhile to take time off for the work, or is it more profitable to pay someone for individual work steps?
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