Greifswald, located in the federal state of Mecklenburg-Western Pomerania, is an attractive city for first-time property buyers. 💰 One of the best options available is commission-free properties, which help save a significant amount on purchase costs.
🔍 Why Buy a Commission-Free Property?
✅ Lower Initial Costs – Real estate agent fees in Germany typically range from 3% to 7% of the property’s price. Buying without commission means substantial savings.
✅ Transparent Transactions – Direct purchases from sellers eliminate additional costs and middlemen.
✅ Faster Process – Without an intermediary, negotiations and finalizing the deal are much quicker.
📊 Real Estate Market in Greifswald
Greifswald is a university city with approximately 60,000 residents. With the presence of the University of Greifswald and well-developed infrastructure, the demand for housing remains consistently high. This makes it a great place for property investments, especially for first-time buyers.
💰 Average Property Prices in Greifswald
Prices vary based on location, property type, and condition. Below are some estimated prices:
- Apartments:
- New Builds: €3,000 – €4,500 per m²
- Resale Properties: €2,000 – €3,500 per m²
- Houses:
- Modern Homes: €350,000 – €500,000
- Older Homes (Needing Renovation): €200,000 – €350,000
Commission-free properties are more common in the resale market, where private sellers list their properties directly.
🏠 How to Find Commission-Free Properties in Greifswald
There are several ways to find commission-free listings:
1️⃣ Online Platforms – Use filters for “provisionsfrei” (commission-free) on websites like ImmobilienScout24 and Immowelt.
2️⃣ Local Newspapers & Listings – Many private sellers advertise in local papers or bulletin boards.
3️⃣ Social Media & Forums – Join property groups on Facebook or other forums where owners sell directly.
4️⃣ Contact Developers – When buying new builds, reach out to developers who often sell commission-free.
⚠️ Important Considerations Before Buying
🔹 Legal Checks – Since there’s no agent, buyers must verify the legal status of the property. Hiring a real estate lawyer is advisable.
🔹 Technical Inspection – Resale properties should be thoroughly inspected to avoid hidden renovation costs.
🔹 Market Comparison – Ensure the price is fair by comparing similar properties.
🔹 Financing Options – Some banks offer special mortgage deals for first-time buyers.
🔮 Conclusion
Buying a commission-free property in Greifswald is an excellent opportunity for first-time buyers to enter the housing market with reduced costs. However, it’s crucial to conduct proper research, legal checks, and property inspections to make a secure and smart investment.
