Buy Property in Germany: A German Real Estate Guide

Buying a property in Germany has become a popular option for people all over the world particularly people from Europe. German authorities and administration have left no stone unturned to publicize the rental apartments, and houses and apartments on sale. If you have chosen to acquire a flat or an apartment in Berlin, Hamburg or anywhere in Germany and are sure they fit in your budget, it's time for you to follow the regular procedures buying a property in Germany.

1. You should start with hiring a lawyer. A lawyer who has a specialization in real estate laws in Germany can help you make a better tax saving deal. The lawyer will also work towards safeguarding your interests and rights as the owner of the property you are obtaining.
2. Contact a notary and ask him for a draft copy of the contract. Every German notary uses his own format and template for contracts; that should not worry you or discourage your plans to acquire your dream home.
3. Discuss the terms and conditions in the draft with your lawyer and work on his suggestions He will suggest changes for your benefits and in your interest. Buying a house in Germany or in any foreign land is a matter of complex issues that are sometimes governed by international laws. A lawyer can help you settle all this issue and buy your acreage or house without much hassle.
4. You should be aware of the terms and conditions of the contract. Ask your lawyer to brief you about the major points and the effects of signing it.
5. It is advisable that you give your lawyer some power of attorney. That would help you in many ways. For instance you are unavailable at the commencement of the contract before the German notary; your attorney can represent you and sign the papers as your representative. Your lawyer can also represent you before the German authorities and make vital changes in the contracts, if required.
6. You should ensure that your contract is to be presented before an English-speaking notary. If this is not possible employ the services of a professional interpreter who can interpret the proceedings to you.
7. Giving a power of attorney to your notary and lawyer/solicitor will also be helpful to represent your contract to German authorities in your absence. The authorities can ask for our contract and declaration anytime on short notice. Your lawyer can save your money and time by attending to these minor issues.
8. As per the German Real Estate Law you become the rightful owner of a real estate only after your property has been registered by the Land Registry.