Step-by-step guide: How to buy property in Germany
The process of buying property in Germany explained in full detail. Beginning with the search all the way to becoming the legal owner.
Nick Mulder
Published on Oct 24, 2019 . Updated 2 months ago
To a first-time buyer who is looking to buy property in Germany, the buying process can appear overwhelming and hard to understand with all its different steps. Even if you are fluent in German, the process from first understanding your mortgage affordability to finally becoming the lawful owner of a property can be overwhelming.
Table of Contents
- Step 1: Check your affordability online
- Step 2: Meet your mortgage advisor
- Step 3: Finding the right property
- Step 4: Reserving the property
- Step 5: Getting specific mortgage offers
- Step 6: Your mortgage is approved
- Step 7: Signing your mortgage contract
- Step 8: Your purchase contract is drafted
- Step 9: Signing the purchase contract
- Step 10: You need to pay the closing costs
- Step 11: You pay the purchase price to the seller
- Step 12: You gain full access to your new property
- Step 13: You pay the property transfer tax
- Step 14: You become the lawful property owner
