NEWS & GUIDES
At Thymian & Partners, we attach great importance to transparent and active communication.
We keep you up to date on the latest trends and developments in the real estate industry and remind you of important dates (e.g. property tax return).
We are also available to answer any questions you may have about real estate and rentals.
Just contact us.
QUESTIONS & ANSWERS
Here we have a list of the most frequently asked questions from our customers.
If you have a question that is not listed here, please write to us and our experts will respond promptly.
Our catalogue of questions is constantly being updated and supplemented with interesting topics.
WHICH ADDITIONAL COSTS MUST BE TAKEN IN ADDITION TO THE PURCHASE PRICE OF THE PROPERTY?
In addition to the purchase price, you must generally factor in up to 6.5% real estate transfer tax of the purchase price depending on the federal state, up to 6% broker's commission of the purchase price and approximately 2% notary fees of the purchase price.
WHAT IS AN ANNUITY?
The annuity consists of interest and repayment and is usually paid monthly to the bank as a single sum for a loan taken out.
WHAT ARE OPERATING COSTS?
Operating costs are costs incurred by the owner in connection with the property. These include, for example, costs for street cleaning, garbage disposal, winter maintenance, property taxes, and building insurance.
WHICH OPERATING COSTS CAN BE PASSED ON TO THE TENANT?
Costs are incurred for the ongoing operation of a property. Some of these costs can be passed on to the tenant. Which costs are and are not reimbursable are specified in the rental agreement and are also included in the operating costs statement. Reimbursable operating costs: Property tax, hot water supply, building insurance, liability insurance, garbage disposal, street cleaning, winter maintenance, garden maintenance, and electricity. Non-reimbursable costs: Administrative costs, maintenance reserves, interest and principal on the property loan. Reimbursable costs: Property tax, hot water supply, building insurance, liability insurance, garbage disposal, street cleaning, winter maintenance, garden maintenance, and electricity. Non-reimbursable costs: Administrative costs, maintenance reserves, interest and principal on the property loan.
WHICH DOCUMENTS DO I NEED TO SELL MY PROPERTY?
Wichtige Dokumente beim Verkauf eines Hauses sind: Flurkarte, aktueller Grundbuchauszug (beim Grundbuchamt; nicht älter als drei Monate), Grundrisse und Bauzeichnungen, Energieausweis, Aufstellung über durchgeführte Modernisierungsmaßnahmen, Nebenkosten-Belege (Strom-, Wasser-, Heizkostenabrechnungen, Gebäudeversicherungsscheine, Grundsteuer-Nachweise), Bauakte (enthält u.a. Baugenehmigungen, -beschreibungen und -zeichnungen), Mess- und Wartungsprotokolle Wichtige Dokumente beim Verkauf einer Wohnung sind zusätzlich zu den bereits o. g. Dokumenten: Teilungserklärung (inkl. erwähnter Anlagen), Protokolle von Versammlungen der Wohnungseigentümergemeinschaft (WEG), Ggf. bestehende Mietverträge
IS THE MAINTENANCE RESERVE INCLUDED IN THE HOUSEHOLD FEES?
The maintenance reserve is included in the maintenance fee and is set aside to finance possible repairs to common property, such as the heating system, the facade, or the stairwell. Maintenance or repairs affecting the individual or partial ownership are the responsibility of the owner.
WHAT IS A BENEFITS-BURDEN TRANSFER AND WHEN DOES IT OCCURRENT?
The transfer of benefits (rent) and encumbrances (costs related to the property) from the seller to the buyer after payment of the purchase price. Either the day after receipt of the purchase price or the 1st of the following month can be set as the settlement date. This is stipulated in the purchase agreement. For example, if the purchase price is received on July 15, 2023, the transfer of benefits would be either July 16, 2023, or August 1, 2023. From this date, the buyer is obligated to make payments related to the property and to reimburse the seller pro rata for any payments already made (e.g., property tax). If the property is rented, rents are to be paid to the buyer from this date and transferred by the seller.
PROPERTY TAX vs. PROPERTY TRANSFER TAX?
Property owners must pay property tax annually. It is levied on the property. This is often confused with real estate transfer tax, which is only due once, when purchasing a property. The amount of real estate transfer tax varies from state to state and is a maximum of 3.5% to 6%.
WHAT IS HOUSE CHARGE?
Das Hausgeld ist monatlich vom Eigentümer an die WEG (Wohnungseigentümergemeinschaft) zu leisten. Von den Hausgeldern werden die laufenden Kosten rund um die Immobilie bezahlt. Dies übernimmt in der Regel eine Verwaltung, welche von den Eigentümern bestellt wurde. Vermietet der Eigentümer seine Immobilie bzw. Eigentumswohnung, kann er einen Teil dieser Kosten auf den Mieter in der Betriebskostenabrechnung umlegen. Die Instandhaltungsrücklage ist ebenfalls Teil des Hausgeldes, kann allerdings nicht auf den Mieter umgelegt werden, genauso wenig wie die Kosten für die Verwaltung.
WAS IST EIN OFFMARKET DEAL UND WAS SIND DIE VOR- UND NACHTEILE?
Off-market deals are real estate transactions that take place without publicity. They are usually brokered by real estate agents with an extensive network. Advantages for sellers: - No widespread market diversification - Offers are targeted exclusively at pre-selected and qualified buyer groups - Large, creditworthy and reputable buyer network - Tailor-made sales strategy for each property Advantages for buyers: - Availability guaranteed by proximity to the seller - No complex bidding process - Accordingly, no unnecessary due diligence costs - The property is unknown on the market.
CONTACT US
Thyme & Partners Real Estate GmbH
In Enclosure 9
14195 Berlin