Historic 1670 Townhouse in Germany
Sale price: £1.00 make an offer
Last update: 01.09.2014
Specifications, photos and description:
|Sort By:||For Sale|
|Building Feature:||Semi- Detached|
|Plot Area (m²):||234|
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Historic 1670 Townhouse in Germany for sale
Kirchhofplatz II. 06493 Ballenstedt. GERMANY
FACTS AT A GLANCE
PLOT SIZE: 234m2 BUILDING SIZE: 234m2
ROOMS: 7. plus bathrooms and storage
CONDITION: RENOVATION PROJECT
BUILDING CONTRIBUTIONS(*) 867 EUROS (due 2015)
******ATTEMPT 3. ******
So once AGAIN eBay removed our listing even though the useless 'customer service' department person swore that removal of the facebook link was what they were asking us to do. This time is is the mention of our company website. Apparently even in this day and age it is not acceptable for a company to have a website and they should live in the Ebay system. Therefore we are trying once more to list this on ebay. sans Company website link. Sans Facebook information. and we will see if the magical eBay department who decide what is and is not OK (but of course have no phone number or email address for direct contact) is happy with the auction this time.
This is a residential property in a quiet location. at the end of a cul-de-sac and facing the local church.
There are 7 main rooms in the property. plus areas for 2 bathrooms. a large attic and cellar. plus several small storage rooms. One of the rooms has an attractive balcony overlooking the town.
The property is a semi detached house between two occupied neighbours. properties on both sides are renovated and lived in.
The property is considered a 'Historic' Property- Built in 1670. it is a listed building and in an area of outstanding historic importance. This means that you will qualify for a GRANT from the state of Sachen-Anhalt for help with renovations and restoration.
The property will require a good amount of renovation- structurally it is OK. the roof is ok and the walls are ok. but as with all old houses a new electrical and plumbing system would be required. a paint job. new windows advised. some floor will need replacing. We can help you with the renovations if required. we have a good building team that has worked for us before.
A viewing is highly recommended to take in the area and the property. Pictures are hard to describe something so unique and historical such as this.
ANY QUESTIONS PLEASE CALL US ON +44 20 376 91 179 (our London office) or email enquiries@mygermanproperty. eu
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Germany is one of the most inviting and under discovered ex pat destinations in Europe at the moment- whatever you are looking for.
For people aged 20-30 it really is a place to consider moving. A great job market- easy entry to the property ladder and a metropolitan environment means Germany is fast becoming a place for UK professionals to try and make a place in the world away from the issues faced in Britain today.
And for those who don't want to leave home it is as great a destination for tourism and a second property. as some of the other more established destinations- France and Spain for example- without having to stumble over other tourists at every turn!
For those who wish to retire on a budget- Germany is in excellent competition with countries such as Bulgaria- its cost of living. especially in the East. is certainly affordable. without the cultural and infrastructure issues still found in Eastern Europe.
But don't take it from us- have a look at what the Germans have to say about themselves!
We understand that property sales are not like buying a new summer dress or a used patio set. At some stage of the sale you may change your mind due to the reality of the idea not being what you thought it was. or your circumstances changing. and we are OK with that.
But on the other hand. please remember this is our business. and if you retract from a sale some weeks/months down the line due to a technical misunderstanding in the beginning. it is unfair on us to have put in all the time and effort on the sale.
So in a sale like this. there are questions to be asked not only from you to us. but from us to you!
Auction fever is a great thing. and everyone has that random eBay purchase that changed their lives. Our director purchased a farm in the states when he was just 18 on a whim: and one of our agents bought a off road ready 4x4 one weekend for 'something to do' and now off roading is his main passion- he met his wife at an event.
However. are you really interested in purchasing a property abroad. Please. if you are just buying this because its CHEAP. consider all the other factors. Are you buying it for an adventure. do you have the TIME? Have you discussed it with your partner/kids? Experience shows us that people who just bid on a whim without talking to anyone else tend to pull out some days later when the auction excitement wears off and the reality of the purchase sets in.
This could be the best and most exciting purchase of your life that you are about to embark on- but please do it informed. We are always here to help and guide you through the process of course!
Of course! If you wish to make a viewing trip we ask that you either do it before the auction ends. or if that was not possible. and by prior agreement. we will allow up to one week after the auction concludes for you to visit the property and make sure it is the one for you. However. we require you to show us confirmation of a flight or ferry ticket and a confirmation of your itinerary within 24 hours. to halt the process for your viewing trip.
Unfortunately we cannot guarantee that we will be able to accompany you on the trip. The honest answer to this is that Germany is a big country and we do not make an amazing amount of money selling properties- especially at auction. If the price is low it may wipe out our commission just in the fuel and time costs to accompany you. we are also a very small in country team and our time is best spent sourcing quality properties for our clients at good prices!
We are reluctant to charge you for a viewing trip. as to us that feels like a gouge! Therefore we would rather be honest and explain the situation. which is we prefer clients to make their own arrangements. If you really require someone to come with you. and we have the manpower to do it. rest assured we will make ourselves available for you.
The legal fees in Germany are very well priced and straight forward- the Sales tax ranges from 3. 5-6% depending on the state of Germany you purchase in. Then Notary costs are fixed. and are around 1. 5% plus a set 220 euros to make a contract. There are some other fees which make up about 1-2% of the price. If you choose not to attend the 'final signing' and have a Lawyer represent you. you can add about 200 euros for legal documentation fees and the Lawyers time.
The cost of living varies from very reasonable in Berlin or Saxony to One of the most expensive in Europe in Munich. And of course it highly depends on your own spending habits.
http://www. numbeo. com/cost-of-living/comparison. jsp is an amazing tool where you can compare your current city to this property. For example Birmingham would compare to Dresden. the capital city of Saxony and a good comparison spot. like this:
As you can see consumer prices (clothes. goods etc) are lower. By this example if you moved to this house from Birmingham and cooked your own food a lot. then you would save a lot. however if you were a keen restaurateur. you might find that the prices were similar to back home.
We are able to offer a competitive service to help you renovate your home in Germany. if you need labour. If you are a DIY person you will find building materials are generously priced. and of course famous GERMAN standard building materials. To get a good feel for the prices we suggest you look at the website of OBI- http://www. obi. de/. who are the German version of B&Q.
Now you have a good idea of the cost of a viewing trip and the legal fees. renovations and the price of living. ask yourself if you have the budget for purchasing a property. Please remember that we are not auctioning off properties because there is a problem with them. or they would not sell in the open market. It is usually cash flow is required quickly for whatever reason. For example some of our clients are pensioners with medical bills. and of course some might just want to buy a new car or go on holiday.
Whatever the reason. it is unfair to drag out the sale any longer than it needs to be: as a quick sale means usually below market value for the client and a better deal for you. We promise to prepare all legal documents and have the property in your name as quickly as possible; all we ask is that you make yourself available to sign documents & provide the paperwork requested in good time. and most importantly HAVE THE CASH AVAILABLE to buy the property.
Please do not bid more that you have available in cleared funds; if you are expecting to come into money through a sale sometime in the future please contact us to discuss.
If you are considering taking a mortgage or arranging financing. this is not a problem and we can even help: but please ASK before you bid so we can prequalify you.
All property transfers are handled in Germany by a special lawyer called a Notar. to ensure the title is correctly transferred. The process. which takes about 2 months. is very simple.
On conclusion of the auction we will direct you to a page on our website where you will fill in a questionnaire: This is the page if you want to check it out now. We require your information so we can quickly have a purchase and sales agreement drawn up.
A purchase and sales agreement is signed by both parties. which is legalised and the purchase price is deposited. and the new owner is registered in 'Act I' of the land registry by the Notary. Out of the deposit the taxes are paid. clearance to sell certificates are issued by the local town. and the Notary invites the seller and buyer to the 'final signing'. It is law in Germany the sales contract must be read out loud by the Notary in his office. The buyer either goes to the officer or gives a lawyer 'Power of attorney' to do this on their behalf. Once the final document is signed. the Notary registers the buyer in act I of the land registry and the property is now theirs. free and clear.
Of course this is quite a basic outline of the process. A more in depth description is found both in our Ebay guide and on our website.
As part of a property sale. there will be a lot of telephone calls and even physical meetings for you to attend: at least 1 meeting with a member of our company. A lawyer or a Notar and even possibly a consul or embassy. This may be in your own home or at an office. You will of course at some stage need to fly or drive to Germany.
Before you bid please ask yourself how available you will be over the coming months and if you are happy with phone calls and meetings. If you have a partner who must be involved in decision making. both time wise and financially. please discuss this with them before bidding. Also. if you are a person who prefers the 'virtual world' and you feel that a traditional sale with human interaction may be out of your comfort zone. please contact us first so we can try and set your mind at ease.
Sadly this is a very reasonable question in this day and age. far too many people are trying to scam on the internet. Whether it be money that does not exist in Nigeria. Cars still financed in the UK or property with massive structural issues in Bulgaria. everyone is trying to use the lure of cheap big ticket items to score your hard earned cash. Never forget. BUYER BEWARE.
So back to the question of trusting us: Lets look at the facts.
1. We are a registered UK company and also have an office in Berlin.
2. All deposit payments go directly into our UK company bank account and a receipt is issued. We do not expect 'cash under the table'.
3. All main lump sum payments go through either our UK bank account for pound payments
4. All our contract work is undertaken by our highly skilled and Bilingual lawyer. Dr. Kandelhard.
5. Our translators are registered with the courts in Germany.
6. We have only had satisfied clients so far. and we hope to keep it that way!
If you have any more questions please do not hesitate to contact us.
As per eBay terms and conditions. (http://pages. ebay. co. uk/help/policies/real-estate. html) An auction sale on eBay is a NON BINDING auction. This means that the auction itself does not constitute a legally binding purchase and sales agreement. on either party.
However we request that buyers conduct themselves in the spirit of an auction. and if they are at any stage not interested in completing that they tell us straight away so we can have the property offered for sale again.
Our guidelines for time scales on the transfer is as follows;
ANY VIEWING TRIP MUST BE UNDERTAKEN BEFORE AUCTION CLOSE UNLESS OTHERWISE AGREED.
By prior agreement. we will allow up to one week after the auction concludes for you to visit the property and make sure it is the one for you. However. it is required that you show us confirmation of flights or ferry tickets. and a confirmation of your itinerary within 24 hours for us to freeze the sales process.
We reserve the right to contact high bidders in the final 48 hours of sale. by telephone to have a quick chat about how realistic the prospect of you purchasing the property is. This also give you a chance to ask any questions you have and really understand if this is the right direction for you. We will do this by using the 'request user information' tab. If it cannot be found. we will email you and ask you to get in touch. Please do not be surprised if you receive a call from us. and if this is going to be an issue for you. please message us and tell us in advance.
If we are unable to reach you. then we may remove your bid and block any further bids by your account. Please do not take this personally. and feel free to contact us to discuss bidding on future properties.
We will direct you to a page on our website where you will fill in a questionnaire: This is the page if you want to check it out now. We require your information so we can quickly have a purchase and sales agreement drawn up. Please aim to provide this within 24 hours of the auctions end and if you have any questions do not hesitate to ask us for advice. If you do not provide this information within 24hrs of the auction concluding we will attempt to call/email you to check everything is still OK. If we do not hear anything from you within 48hrs. We will put the property back on the market.
we will endeavour to have a purchase and sales draft contract to you within 48 hours. You may review it. question any points/request changes and once it is finalised you must tell us you are happy with it being made into a full contract.
Once you are happy with the contract. and have undertaken a viewing (or declined to do so) A deposit of TWENTY PERCENT of the purchase price or ONE THOUSAND POUNDS is due. whichever is the greater. This can be given by a crossed Cheque made payable to 'MY GERMAN PROPERTY LIMITED' or paid into the company bank account by bank transfer. This deposit MUST be paid before we can have the contract signed. Why? Because once the contract is signed the legal process is rolling and lawyers/Notary fees are now due the moment the contract is signed. At this stage if you change your mind. your deposit is refundable less £500 legal fees for the contract drafting. Notar and lawyer. This payment is due within 48 hours of the Draft contract being approved.
The contract will be legalised in Germany and posted to you. or if you prefer. to one of our associates. You must sign it in front of either a German consul or a lawyer registered in the UK as a Notary. If you choose. one of our local associates will help you through this process. The contract will be returned to the lawyer in Germany.
The Notar will register your position in Act I of the land registry (within 2 weeks) and pay your transfer and legal taxes from your deposit. When the sale clearance certificate is with the Notar. he will contact you to inform you that payment is due. At this stage. payment can be made to our company account or the lawyers escrow account (at your preference). It should be made within 7 days of the Notary statement that the sales price is due; after this date a £50 daily late fee is accrued unless a delay is agreed by both parties.
You must attend the Notar for the final signing or instruct the lawyer to do so at your behalf. Ideally within 2 weeks of the clearance certificate being issued.
MY GERMAN PROPERTY LIMITED · REGISTERED IN ENGLAND NUMBER 08999697 ·
• CAPITAL OFFICE • KEMP HOUSE 152-160 • LONDON • ENGLAND • EC1V 2NX •
• Borsigstrasse 9 • 10115 • BERLIN • GERMANY •
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