Foreigners often find it difficult to rent property in Germany. There are many reasons why this is so, but chief among them is that real estate in the country is highly fragmented. This means that there are a lot of local players in the market and very few national players.
There are also cultural differences to take into consideration, especially as they pertain to business practices, zoning laws, and rules regarding lease agreements. If you’re planning on buying a home or apartment in Germany and need help doing so, here’s how you can choose the right real estate company to assist you with your search.
Check the Reputation of Any Company You’re Considering
Before you select a real estate company to assist you in renting property in Germany, you should check out their reputation. You can do this by searching for reviews of the company online. You can also talk to people who have used them in the past to find out what their experience was like.
You want to select a company that has a reputation for being honest and transparent with their clients. You also want to make sure that they have experience working with clients in your country. In addition, you want to find a company that has experience working with people who plan on buying real estate in Germany.
Confirm That The Company is Licensed to Operate in Germany
Before you sign a contract, you should make sure that they are properly licensed. This is especially important if you are planning on buying a commercial property. If you’re buying a residential property, you’ll also want to make sure that the company you hire is properly licensed as a broker. You can confirm a company’s licensing by checking the following website: You’ll find a list of all licensed real estate companies on the site. You can then select the company you’re considering and confirm that they are properly licensed to operate in Germany.
Ask About Fees and Commissions
In some countries, real estate agents get paid a percentage of the final sales price of the home you buy. In Germany, however, real estate agents get paid a percentage of the rental value of the apartment or home you’re renting.
In order to hire a real estate agent in Germany, you’ll need to agree on a rental value percentage with the company you select. Make sure you get this in writing, as well as the terms under which you can cancel the contract with the company. You’ll also want to make sure that the rate is fair. Though you can also rent an apartment in Frankfurt, Germany without paying any commission.
Ask to See Past Performance Records
If you’re working with a real estate company in Germany that has been around for a while, you should ask the company to show you their records. Specifically, you want to see the number of clients they’ve worked with in the past, as well as how many of those clients they were able to successfully assist with a rental or sales transaction. You want to make sure that the company has a good track record before hiring them to work with you.
Look into the features they have to offer
You should hire a real estate company that has all the features you need in order to complete your transaction. For example, you may need help translating documents, or you might need a company that has access to investment capital. Make sure the company you select has the features you need to successfully complete your real estate transaction.
You should also make sure the company you hire has the technology you need to complete your transaction. For example, if you’re working with a company that doesn’t have a mobile app, this could be a major problem. Make sure the company you select has the technology you need to make everything go smoothly.
How is there after sales customer service
No matter how carefully you select a real estate company in Germany, there’s always a chance that you’ll run into a problem. For example, you might not be able to get your desired apartment after applying, or you might be offered an apartment that doesn’t meet your needs.
Whatever the situation is, you want to make sure that you have a way to get in touch with customer service at the company you hire. You want to make sure that you can contact them with any problems or issues you have. Make sure the company has a way for you to contact them quickly and easily.
Conclusion
When you’re looking to buy property in Germany, it’s important to find the right real estate company to assist you with the process. This can be difficult, as there are many companies to choose from and many differences to consider.
Before you sign a contract with a company, make sure you check their reputation, confirm that they are licensed to operate, ask about fees and commissions, ask to see past performance records, look into the features they have to offer, and how is there customer service. With these tips, you’ll be able to choose the right real estate company to assist you with buying property in Germany.
