For Sale By Owner House Contract Template for Germany

The For Sale By Owner House Contract (Privatverkauf einer Immobilie) is utilized in Germany when property owners wish to sell their residential property directly to buyers without engaging a real estate agent. This approach can reduce transaction costs but requires careful attention to legal compliance. The document must be notarized according to German law (§ 311b BGB) and includes comprehensive details about the property, parties, purchase price, payment terms, warranties, and transfer conditions. It's particularly relevant in the German market where private sales constitute a significant portion of residential property transactions. The contract must address specific German legal requirements including land registry regulations (Grundbuchordnung), energy efficiency certificates (Energieausweis), and property transfer tax considerations (Grunderwerbsteuer).

1. Parties (Vertragsparteien): Identification of seller and buyer with full legal names, addresses, and marital status (relevant for German property law)

2. Background (Vorbemerkung): Brief context of the sale and confirmation of seller's ownership

3. Definitions (Definitionen): Key terms used throughout the agreement

4. Property Description (Kaufgegenstand): Detailed description of the property including land registry details (Grundbuch), parcel numbers, and exact address

5. Purchase Price (Kaufpreis): Agreed purchase price, payment terms, and escrow arrangements

6. Payment Terms (Zahlungsmodalitäten): Specific payment schedule, bank details, and conditions for release of funds

7. Property Condition (Objektzustand): Current condition of the property, known defects, and seller's warranties

8. Transfer of Ownership (Eigentumsübergang): Conditions and process for transferring property ownership, including land registry requirements

9. Possession and Usage (Besitz- und Nutzungsübergang): Date and conditions for transferring physical possession and usage rights

10. Costs and Taxes (Kosten und Steuern): Allocation of transaction costs, including notary fees, transfer taxes, and registration fees

11. Warranties (Gewährleistungen): Seller's representations about the property and any warranty exclusions

12. Notarization and Registration (Beurkundung und Grundbucheintragung): Requirements for notarization and land registry registration

13. Governing Law (Rechtswahl): Confirmation of German law application and jurisdiction

14. Execution (Unterschriften): Signature requirements and execution details