7 Steps to Your First German Property as an Expat

In this eBook, I help you with your first real estate investment in 7 steps, providing many valuable tips and tricks. This book summarizes my 9 years of experience in real estate. It is designed in such a way that even a beginner is quickly able to buy their first apartment.

The core themes of the book contain 7 steps:

Step 1: Object

✔  What to consider for new or existing buildings.
✔  How to determine the right apartment size.

Step 2: Location

✔  How to determine a suitable location.
✔  What tools you can use for this.

Step 3: Purchase Price

✔  What is the maximum purchase price for the property to still be worthwhile?.
✔  What additional costs (incidental purchase costs) are incurred when buying a property?

Step 4: Financing

✔  What requirements must be met to receive a loan approval.
✔  How to accelerate the Financing.

Step 5: Realtor

✔  Which documents to requested first.
✔  What points should be considered when working together.

Step 6: Viewing

✔  What are the options for preparation.
✔  How does the classic process look like and what should be considered.
✔  How to place a winning bid.

Step 7: Notary

✔  What activities are required for preparation.
✔  The process of a notary appointment is explained in detail.
✔  What activities are due after the purchase.
✔  What costs the buyer will incur.

Bonus

This book contains free checklists as a bonus.:

✔  List of Documents – What documents are required to initiate financing.
✔  Statement of Assets How are assets and liabilities evaluated.
✔  Household Budget – What surplus can be achieved with monthly income and expenses.
✔  Viewing – What points should be particularly noted during a viewing.

In addition, the bonus section provides further information about the various additional purchase costs and the applicable taxes. It also thoroughly explains the tax benefits of real estate and the types of costs that can be claimed.