Tips for Your Property Search

The search for the perfect property is both exciting and challenging. We sincerely hope that our guide will help you to successfully navigate this process. Based on our years of experience, we have put together a wealth of information and practical tips to help you find your dream property. This guide will effectively prepare you to finally buy your own home, reveal best practices for your property search, and help you deal with it. Enjoy reading!

Preparing for the property search

What can you afford?

Before you start looking for a property, it is extremely important to define your budget precisely. Financial aspects play a crucial role in selecting the right property for you. Start by carefully analyzing your income and expenses to get a realistic idea of how much money you can afford each month for the property, whether it's rent or your monthly mortgage payment.

When you purchase a property, it is important to consider not only the monthly payment for any necessary financing, but also other financial obligations such as utilities, property taxes and maintenance costs. To ensure your financial stability, it is important to set a budget that both provides a certain financial buffer and ensures that you can comfortably handle the monthly payments. For more information to help you choose the right loan, check out our article Rule of thumb: how much credit can you afford?

The search for the ideal property often begins with the use of online real estate portals. These platforms offer a wealth of real estate offers and make it easier for potential buyers to search and compare. This section takes a closer look at real estate portals, highlights alternatives to portals, explains the importance of off-market real estate and the role of the broker.

Searching through real estate portals

Online real estate portals are one of the most popular places to start your property search. They offer you a wide selection of properties in different locations, price ranges and with different features. With user-friendly search functions and filter options, you can define your preferences precisely and get relevant results. In addition, many portals provide additional information such as floor plans, photos and virtual tours to give you a better impression of the properties.

It is important to note that not all real estate offers on the portals may always be up to date. Some properties may have already been sold or rented, while others have not yet been listed on the portals. Therefore, you should regularly check the updates and get in touch with the agent or seller in a timely manner if you are interested.

ImmobilienScout24 is Germany's leading real estate portal with a wide selection of ads from private individuals and agents. With extensive filter options, you can search specifically according to your preferences. The portal provides additional information such as location ratings, energy certificates and financing calculators to support your decision-making.

Immowelt and Immonet are popular alternatives, especially in Hamburg and southern Germany. They offer similar features to ImmobilienScout24 and provide a detailed selection in the respective regions. You can include neighboring areas to expand your options.

Kleinanzeigen (formerly eBay Kleinanzeigen) is the market leader for privately sold real estate. Here you can interact directly with sellers without involving brokers. However, keep in mind that a thorough check is required as the responsibility lies with the seller. Classifieds are well suited for low-priced properties or specific offers if you are willing to deal directly with the sellers.

Although online real estate portals are a valuable resource, there are also alternative ways to search for real estate. One option is to contact local real estate agents. They may have exclusive offers that do not appear on the portals (so-called off-market offers and secret sales – we will discuss these in more detail). By contacting real estate agents directly, you can receive a more personalized and tailored search experience. Agents often have knowledge of the local real estate market and can help you find suitable properties.

Additionally, classifieds websites and local advertising papers may also contain real estate offers, especially from private sellers. This can be an opportunity to benefit from lower prices, less competition and the saved real estate commission. However, it is important to be careful and to carry out a thorough check to ensure that the offers are reputable and meet your personal requirements.

When using online real estate portals and agencies, it is important to take precautions to avoid fraud and dubious offers. Here are some tips to help you protect yourself:

1. Verify the identity of the seller or real estate agent and research their reputation. You can, for example, search for reviews and experiences from other users.
2. Be wary of suspicious offers with unrealistically low prices or unusual payment methods. If something seems too good to be true, it probably is not genuine.
3. Do not disclose any sensitive information before you have thoroughly checked the property and the seller. Be careful with personal information and stay away from dubious requests.
4. Meet in person and view the property to ensure it meets your requirements. Don't commit to a purchase or a deposit without seeing the property with your own eyes.
5. Choose secure payment methods and be cautious of upfront deposits. For example, use secure transaction services or seek the advice of a lawyer to ensure your funds are protected.
6. Don't hesitate to seek professional help if you are unsure. A lawyer or an experienced real estate agent can help you sort out legal and organizational aspects and avoid scams.

By always keeping these precautions in mind, you can protect yourself from fraud and ensure that you are in contact with reputable providers and trustworthy offers. Remember, it's better to be a little more cautious than to fall for scammers.

Search directly through the agent

An exciting option when searching for real estate is off-market real estate, which is not publicly offered on portals. These properties are marketed discreetly and are only accessible to a select group of potential buyers. This means that you, as a buyer, can have access to exclusive offers that have less competition and possibly offer better negotiation options.

Off-market properties are often offered by brokers or specialized agencies that have a wide network of sellers and buyers. If you are interested in off-market properties, it may be worthwhile to work with Justhome, who has access to these hidden offers. You can discuss your requirements and preferences with the broker, who can then search specifically for suitable off-market properties.

It is important to note that off-market properties do not always guarantee better offers or conditions. You should still do your due diligence and ensure that the property meets your requirements and standards. Nevertheless, the ability to access off-market properties can increase your chances of finding a unique and potentially more attractive property.

In summary, online real estate portals offer a convenient and extensive way to search for real estate. With user-friendly features and a wide range of offers, you can precisely define your preferences and receive relevant results. Nevertheless, you should also consider alternative avenues to broaden your search. Local real estate agencies may have exclusive listings, while classifieds sites and free newspapers may offer more affordable options. In addition, you should consider the possibility of off-market properties, which may offer you exclusive and less competitive opportunities.

Whichever route you choose, it is important to conduct thorough research and due diligence to ensure that the property you select meets your needs. Be alert to fraud attempts and disreputable offers and, if necessary, work with an experienced agent who can assist you in your search and selection. With a well-thought-out strategy and careful analysis of real estate listings, you will get closer to finding your dream property.

Do I need a real estate agent?

Deciding whether to work with an agent or go it alone in your property search is an important consideration that weighs the pros and cons of both options.

When deciding whether to work with a real estate agent, you should consider the associated costs and commissions. Agents typically charge a commission calculated as a percentage of the purchase price of the property. This percentage can vary by region and agent. In Germany, for example, it averages around 3.57%. However, there is room for negotiation, especially for expensive or unique properties. So it's worth exploring the possibility of a price agreement with the agent. It's important to know that the agent's commission is usually only due when the purchase is completed. So you only pay the commission after the contract has been signed and the property has been officially transferred. However, the exact payment terms should be discussed with the agent in advance. If you decide to do your own research, you will save on these costs, but you will need to invest more time and effort to find suitable properties. It is up to you to weigh up whether you prioritize the financial benefits of an independent search over the convenience and support of an agent.

Doing your own research allows you to actively search for properties and tailor your search profile to your exact needs. You can use online real estate portals, newspaper ads and classifieds to find potential listings. This gives you more control over the process and the selection of properties. However, doing your own research requires time and research work to find and evaluate available properties.

When buying a property, there are legal and organizational aspects to consider. If you work with a real estate agent, they can guide you through the process and ensure that all legal requirements are met. If you do your own research, you will have to take care of these aspects yourself and possibly seek professional help to ensure that everything is done correctly.

If you decide to do a search without a real estate agent, there are some important points to consider. You should have sufficient knowledge of the real estate market, price trends and local conditions. It is advisable to consult an independent appraiser to check the condition of the property. In addition, you have to conduct the negotiations with the seller yourself and ensure that you fill out all the necessary documents and contracts correctly.

An alternative option is a search agent, who provides real estate search assistance without offering the full-service benefits of a traditional agent. Search agents work on the buyer side and will help you find suitable properties, conduct negotiations and guide you through the purchase process. Unlike traditional agents, search agents often charge a set flat fee instead of a commission, which can be financially beneficial. Search agents often have extensive knowledge of the local real estate market and access to a wide network of sellers and other agents. They can help you find suitable properties that meet your requirements and effectively support you in the negotiation process.

These search strategies are available

An effective property search requires a clear strategy and a thorough analysis of real estate listings to achieve optimal results. Here are some valuable tips to help you:

Estate agents and search agents: Trust the expertise of estate agents and search agents to find suitable properties. They often have exclusive offers and in-depth knowledge of the real estate market. Look for reputable professionals in your area and work closely with them to find your dream property.

Criteria for filtering and evaluating: Define clear criteria that reflect your requirements for a property. Consider factors such as location, size, price, amenities and condition. Use the search filters on online real estate portals to search for relevant offers in a targeted manner. Check the information in the listings carefully to ensure that they meet your criteria.

Effective follow-up: If you are interested in a particular property, it is important to send a polite and informative request to the seller or real estate agent. Express your interest in the property, ask for additional information or a viewing. Respond promptly to any follow-up to avoid missing out on opportunities.

Optimizing your search with search agents and different channels: Use modern technology such as search agents on real estate portals to receive automatic notifications of new listings that match your criteria. Also explore alternative channels such as local classifieds, social media and real estate groups to discover potential real estate offers.

Search for real estate on social media (especially Facebook and Instagram): Social media platforms such as Facebook and Instagram offer another way to find what you are looking for when searching for real estate. You can discover a wide range of real estate offers by searching through specialized Facebook groups and relevant hashtags on Instagram. However, remember to protect your privacy and be careful with personal information. Actively interacting and reading reviews from other users can help you distinguish reputable offers from potential scams.

Combining different search strategies: By combining different search strategies, including the use of social media, you can increase your chances of finding the right property. Always be vigilant, do thorough research and look out for reputable offers.

A well-thought-out property search that takes these tips into account will put you on the right track to finding the property that meets your expectations.

What should I bear in mind when visiting a property? How do I assess the condition of the property?

Viewings and property assessments play a crucial role in the search for the perfect home. It is important to plan this process carefully and to consider the right criteria. In this section, we provide you with useful tips for effectively organizing viewings and objectively evaluating properties.

How to plan your viewings

Making appointments to view properties is the first step in viewing the properties you want. It is advisable to contact the agent or seller early to arrange a viewing appointment. Depending on the availability of all parties, you should plan several appointments in advance to save time and effort.

When planning your viewing, you should also bear in mind that it makes sense to view several properties in one day in order to have a direct comparison. This enables you to better weigh up the pros and cons of each property.

Your checklist for viewings

To keep track of your viewings, it's helpful to create a checklist. Note down the important aspects you want to check during the viewing, such as the condition of the property, the fixtures and fittings, and the location.

Here are some items you can include in your checklist:

Condition of the property: Check the general condition of the property, including the structure, windows, doors, roof and facade. Also, look for possible moisture or mold problems.

Fixtures and fittings: Make sure that the fixtures and fittings of the property meet your requirements. Check the kitchen, bathroom, heating system and other important facilities.

Location: Evaluate the location of the property in terms of infrastructure, proximity to shops, schools, public transport and other important facilities. Also consider factors such as noise, traffic and neighborhood development.

Energy efficiency: Pay attention to the energy efficiency of the property. Ask to see the energy performance certificate and enquire about heating costs.

Outside area: You should check the outside area, especially for houses or flats with a garden or balcony. Note the condition of the garden, terrace or balcony.

How to evaluate the condition of the property

Evaluating the location, condition and facilities is a crucial step in viewing the property. A thorough and objective evaluation will help you to identify the advantages and disadvantages of the properties you have viewed and to make an informed decision.

When evaluating the location, you should consider factors such as the neighborhood, infrastructure and transport links. Think about whether the location meets your needs. Assess the proximity to important facilities such as shops, schools, public transport and leisure facilities. Also consider future developments in the area, as this may affect the value of the property.

The condition of the property is also of great importance. Look out for possible defects, repairs or renovations that may be needed in the near future. Carefully check the building fabric, installations, electrics and plumbing. Any damp problems, mold or leaks should also be noted.

The property's fixtures and fittings play a role in terms of comfort and functionality. Consider whether the fixtures and fittings meet your requirements and preferences. Check the kitchen, bathroom, heating system and other important facilities. Also consider whether any alterations or adjustments may be required to meet your needs.

It's advisable to take notes and photos during the viewing to document the different aspects of the properties. This information will help you later in the decision-making process when comparing multiple properties you've viewed.

By carefully evaluating location, condition and amenities, you can make informed decisions and choose the properties that best suit your needs. Remember that it can be helpful to get an expert opinion, especially when it comes to specific technical questions. An independent appraiser or expert can provide valuable information and insights to ensure that you make the right choice.

Buying or Renting: A Decision Aid

Deciding whether to buy or rent is an important and complex choice in many people's lives. Both options have pros and cons that need to be carefully considered. In this section, we'll look at the pros and cons of both options and highlight relevant factors to consider when making your decision.

Pros and Cons of Buying

Buying a property offers numerous advantages that appeal to many people. One key advantage is the long-term increase in the value of the property. Over time, the value of the property can increase and serve as a long-term investment. By paying off your loan, you are also building equity and investing in your future. You have the freedom to design your home according to your wishes, to make renovations and to develop a personal connection to your property.

Of course, there are also disadvantages to buying a property that need to be considered. One important aspect is the financial burden. When buying a property, there are usually high initial costs, including the equity and closing costs. In addition, monthly installments must be paid, which can be higher than the cost of renting. Maintenance and repair costs are also the responsibility of the owner, which can mean additional financial outlay. Buying also ties you to a location for a longer period of time and limits your flexibility.

Pros and cons of renting

When renting a property, there are some advantages to consider. Flexibility is one of the biggest advantages. As a tenant, you can change your place of residence relatively easily if your circumstances change. Rental contracts often have a shorter term, which makes it possible to adapt your living situation, for example, if you move for professional reasons. Another advantage is the lower financial burden. The monthly rental costs are usually lower than the monthly installments when buying a property. In addition, you are not responsible for repairs and maintenance costs, as these tasks are usually the responsibility of the landlord.

However, there are also important disadvantages to renting that should be considered. One important aspect is that monthly rent payments do not allow you to build up capital. In contrast to buying a property, where every amount paid increases the equity, the rent payments belong entirely to the landlord and offer no opportunity to build wealth. Furthermore, rent increases are possible, especially in sought-after residential areas or times when living space is in short supply. This means that you are dependent on the decisions of the landlord and have no control over possible rent increases.

Another disadvantage of renting is the limited freedom and control over the rented property. As a tenant, you usually have to accept restrictions and need the landlord's consent for major changes or renovations. This can affect your ability to customize and design your home according to your own preferences. Furthermore, renting involves a certain amount of insecurity. The landlord can decide not to renew or terminate the lease, which can lead to you having to change your home and incur additional moving costs. This insecurity can be particularly burdensome when it comes to long-term life planning and creating a stable living environment.

How to decide

When deciding between buying a property and renting, various factors play a role, especially financial aspects. A realistic assessment of the financial situation is of great importance. It is important to thoroughly analyze both the available equity for the property purchase and the monthly budget for the rental payments. A detailed financial analysis helps to understand the long-term impact on assets and the monthly burden.

Individual circumstances and goals should also be considered. For example, if long-term stability in a particular location is desired, purchasing a property may make sense. On the other hand, renting may be the better option if flexibility and mobility are important. Local real estate markets also play a role. In some regions, it may make more economic sense to buy a property, while in others, renting may be a more cost-effective option.

Proactive decision-making is advisable. A list of personal priorities and needs can help. It is also recommended to consult with experts such as financial advisors and real estate agents to make an informed decision. Careful research and consideration of the facts will help you make the best possible choice.

What additional costs are incurred when buying a property?

Additional costs when buying a property are crucial to making an informed purchase decision and avoiding financial bottlenecks. In addition to the actual purchase price, there are various types of costs that need to be considered. Further details on the various types of additional costs when buying a property are explained below:

The purchase costs

In addition to the purchase price, a number of incidental purchase costs are incurred when buying a property, which are often overlooked. An important cost item is the land transfer tax, which can vary from state to state. In addition, the notary fees incurred for notarizing the purchase contract must also be taken into account. The land registry fees that are due for entering the new owner in the land registry should not be ignored either. In some cases, a broker's commission may also be incurred if a broker was involved in the purchase. It is advisable to get a thorough overview of the specific additional purchase costs in order to plan the budget correctly and avoid unpleasant surprises.

Financing costs and ongoing expenses

In addition to the ancillary purchase costs, the costs of financing the property must also be taken into account. These include, for example, the costs of providing the loan and the interest incurred. In addition, the bank may also charge fees for granting the loan. It is important to take these financing costs into account in order to get a complete picture of the financial burden. Furthermore, ongoing expenses should not be forgotten, such as property tax, insurance, regular maintenance costs and, if applicable, condominium fees. Careful planning and budgeting of financing costs as well as ongoing expenses are essential to ensure long-term financial stability.

Additional investments and renovation costs

When buying a property, additional investments and renovation costs may also arise. You may want to design the property according to your individual ideas and make adjustments. In this case, the costs for renovations, conversions or modernizations should be considered. It is important to check the condition of the property carefully and to make a realistic calculation of the costs incurred for the desired changes. This will give you a realistic picture of the financial burden and enable you to plan accordingly.

To get a comprehensive idea of the costs involved in buying a property, it is advisable to seek professional advice. An experienced real estate consultant can help you identify all the relevant cost factors and potential pitfalls. They can help you compare the different financing options and find the one that best suits your individual situation. In addition, you should also consider the option of hiring a surveyor or expert to assess the condition of the property in more detail. This will provide you with important information about possible hidden defects or future repair costs that should be taken into account when calculating the total costs. It is also advisable to obtain several cost estimates from tradespeople or construction companies if you are planning to renovate or remodel. This will help you get realistic estimates of the costs involved and ensure that you are financially prepared for any challenges that may arise.

Another important aspect that is often overlooked is the cost of moving. If you intend to move into the purchased property, you should consider the expenses involved, such as moving companies, packaging materials and transportation.

Furthermore, it is important to note that the costs of buying a property are not only one-off, but can also have long-term effects. The amount of the monthly installments, the interest and the running expenses can have a significant impact on your financial situation. Therefore, it is advisable not only to keep an eye on current costs, but also to carry out long-term financial planning to ensure that you can hold and maintain the property in the long term.

These are the mistakes you should avoid when looking for a property

Finding the perfect property can be an exciting but challenging task. To avoid making common mistakes, keep the following points in mind:

You overestimate your budget

It is tempting to let your dreams and desires guide you when looking for a property. However, people often overestimate their budget and assume that they can afford more than is actually possible. It is crucial to make a realistic assessment of your own financial situation. Consider not only the purchase price of the property, but also additional costs such as land transfer tax, notary fees, real estate agent fees, relocation costs and ongoing expenses such as insurance, taxes and maintenance costs. By knowing your budget well and setting realistic limits, you will avoid being financially overwhelmed and experiencing potential difficulties in the future.

You are uninformed

When searching for real estate, thorough due diligence is essential to avoid unpleasant surprises. Many people make the mistake of not doing enough research on a potential property and relying on superficial information. It is important to inspect the property thoroughly, both physically and legally. Carry out a comprehensive inspection of the property's condition to identify any possible defects or need for repairs. Also check all relevant legal aspects, such as any encumbrances or restrictions, the current land registry entry and planning permissions. It may be advisable to consult experts, such as a lawyer or building surveyor, for a professional opinion. Thorough due diligence minimizes the risk of unexpected problems and allows you to make an informed decision.

You make emotional decisions

Buying a property often involves strong emotions. You may fall in love with a property at first sight or be excited by the idea of a particular type of home. However, it is important to keep a clear head amidst the emotional excitement. It is advisable to objectively evaluate the property and soberly analyze its pros and cons. Ask yourself whether the property meets your needs and goals, both in terms of facilities and location. Think long-term and consider whether the property suits your lifestyle and takes into account future developments. Choose a property based on facts and a thorough analysis to avoid possible disappointments and financial problems.

You are not considering the location of the property

Another common mistake when looking for a property is to neglect the importance of the location and the surrounding infrastructure. The location of a property can have a significant impact on your daily life and quality of living. Make sure that the location meets your needs, whether it's proximity to workplaces, schools, shopping, public transport or leisure facilities. Also consider possible future developments in the area, such as planned construction projects or infrastructure improvements, that could affect the value of the property. Careful consideration of the location and surrounding area is essential to ensure that the property meets your requirements in the long term and proves to be a good investment.

You are not flexible enough

It is important to be flexible and willing to compromise when looking for a property. It is unlikely that you will find a property that meets 100 percent of your ideal requirements. You may need to compromise on size, layout, facilities or other factors. Be open to alternative options and consider which aspects are really important to you. Prioritize your needs and find a property that meets most of your requirements. With a little flexibility and willingness to compromise, you will increase your chances of finding a suitable property that meets your needs and financial capabilities.

Lack of support from professionals

Searching for a property can be overwhelming, especially if you have little experience in this area. A common mistake is to try to navigate the process on your own without enlisting the support of professionals. It can be extremely helpful to consult an experienced real estate agent, a financial advisor or a lawyer who can support you with their expertise and experience. They can help you search for suitable properties, facilitate the buying process, cover legal aspects and ensure you are making the best possible decisions. Don't be afraid to seek professional help to ensure you are well informed and your interests are protected.

By avoiding these common mistakes when searching for property, you can maximize your chances of finding a property that meets your expectations and financial capabilities.

Conclusion and tips for your decision-making

When looking for a property, there are many important points to consider that can help you make the right decision. It is important to weigh up both the pros and cons and to consider your individual circumstances and long-term goals. In addition, financial aspects play a crucial role, such as monthly expenses and long-term planning.

What are your next steps?

For the next step, we recommend taking a future-oriented look at development potential. Remember that buying a property not only creates a home, but also represents a long-term investment to build wealth. Also, be mindful of flexibility and adaptability to changing needs over time. Consulting with experts and real estate professionals can help you make the right decision. In addition, you should carefully consider the appropriate financing option.

Final thoughts

Patience and persistence are crucial when looking for real estate. It is important to take your time, thoroughly consider all aspects and not be guided by time pressure or emotional impulses. Seek professional support to benefit from their expertise and experience.

Overall, the property search is a significant decision that should be made carefully. Use the tips and factors mentioned above to make an informed decision that meets your needs and goals. With the right approach and support, you will be able to find the property that is perfect for you.