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In brief: selling a house in Groningen
Are you considering selling your house soon and want to know the average selling costs, proceeds, and square meter prices of homes in Groningen? Read on. Currently, there are 25 realtors active on Mijn Verkoopmakelaar in Groningen. These realtors charge an average commission of 1.27% of the selling price. The cost of a realtor in Groningen averages € 3.955. The average selling process in Groningen takes about 18 days. Discover more useful tips and information about selling your house on this page.
How to sell a house in Groningen?
Here are the steps you need to follow when selling your house:
Choosing Realtors (2 weeks)
- Create a list of 4 or 5 realtors you're considering for selling your house (3 hours).
- Call each realtor one-by-one during office hours to schedule a home visit (45 minutes).
- Show your home to all the invited realtors (1 week).
- Decide which realtor will sell your house (2 days).
- Sign the service agreement with the chosen realtor (1 day).
Preparing for Sale (1 week)
- Determine the asking price with the realtor.
- Have the photographer visit your home.
- Fill in the questionnaire from the realtor about your property's condition.
Selling (2 weeks to 4 months)
- Property listing goes live on Funda and other housing websites.
- Potential buyers register for viewings.
- Viewings take place.
- Buyers can make offers.
- Sign the conditional sale agreement.
- Await any suspensive conditions.
- Sale agreement becomes final.
- Transfer ownership via a notary.
Want more tips? Read our article about selling your house.
How Can Mijn Verkoopmakelaar help?
With Mijn Verkoopmakelaar, you can choose a realtor who is best suited to sell your house in just two days. Here's how:
Choosing Realtors (48 hours instead of 3 weeks)
- Register your house on Mijn Verkoopmakelaar.
- Receive several personalized offers within 48 hours.
- Compare rates and services.
- Choose the best realtor.
Quickly compare multiple local realtors and save up to 40% on realtor fees with Mijn Verkoopmakelaar. Learn more about how Mijn Verkoopmakelaar works.
The average time to sell a house in Groningen using Mijn Verkoopmakelaar is 18 days. Looking for ways to sell your house faster? Check out our tips in the article on how to sell your house quickly.The housing market in Groningen (2024)
In the current housing market, 100% of homes are sold above the asking price. Selling a house in Groningen takes an average of 18 days.
In Groningen, the average price per square meter is € 3.428 per m². Smaller homes in Groningen yield more per square meter than larger ones. The sales revenue through an agent from Mijn Verkoopmakelaar averages 113% of what is initially estimated by the agents.
Average price per square meter in Groningen
| Grootte woning | Price per m2 |
|---|---|
| Less than 60 m² | € 5.000 |
| Between 60 m² and 100 m² | € 3.587 |
| Between 100 m² and 200 m² | € 3.048 |
Recent sales transactions in Groningen
What is the value of my house?
Currently, selling a property in Groningen yields an average of € 3.428 per square meter. The selling price of your home in Groningen depends on several factors, such as:
- The location and surroundings — what's nearby, like supermarkets, schools, etc.
- The area (number of square meters) — how large is your house
- The type of house, architectural style, and layout — number of floors, garden, balcony, etc.
- The state of maintenance — does it need renovation or is it move-in ready
- The amenities of the house — is there a parking space
- Market conditions — how high are the mortgage rates
- Demographic factors — is the city's population growing
Read more about your house's value here.
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What is the value of my house?Discover your ideal real estate agent in Groningen
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Why Mijn Verkoopmakelaar
What does it cost to sell a property in Groningen?
Costs of a Selling Agent
The average realtor cost when selling a property in Groningen is 1.27% of the final sale price. This fee typically consists of an initial fixed amount for startup costs and a variable part, known as the commission.
For selling a property in Groningen, the average realtor costs are € 3.955 (including VAT).
Additional Costs
- Preparing the house for sale: €0 to €1,000
- Requesting an energy label: €0 to €1,000
- Notary fees: none, these are covered by the buyer
Top 5 realtors in Groningen
Discover the top 5 realtors to sell your house in Groningen.
This list of real estate agents is based on their performance in Groningen through Mijn Verkoopmakelaar.
The list is compiled based on the number of sales, the speed of property sales, the revenue compared to the initial promise, and the reviews from previous sellers in Groningen on Mijn Verkoopmakelaar.
Tips to sell your house in Groningen
We asked JIP Makelaars from Groningen how to sell your house as best as possible in the city of Groningen. This way, you can sell your house quickly and for a high price. JIP Makelaars is a large real estate agency with multiple branches in the Netherlands. Below are the results of the conversation.
Say Groningen? Then you say students, bicycles, and partying until the late hours. Groningen is compact and brimming with energy. In Groningen, the average age is 36.4 years, making it the city with the youngest resident in the Netherlands. The diverse residents of the city; students, city dwellers, and expats bring a lot of liveliness. It is no wonder that people from the busy Randstad seek the serenity of Groningen. The city is orderly and full of shops and restaurants. Residents of Groningen prefer a less rushed and performance-oriented life than those in the Randstad. The students create an atmosphere and many events in the city. People from the Randstad looking for a bit more tranquility gladly move to Groningen. The city is comparable to other large cities, but just a little different. Houses in the city are relatively cheaper compared to other large cities. Neighborhoods popular among home seekers are areas like Helpman and De Wijert. The neighborhoods around the center and the universities are very popular among young home seekers!
But how do you, as a homeowner with a house to sell, best respond to the current market? The most obvious tips are known to everyone, hire a real estate agent, make sure your house looks tip-top and so on, but there are also a number of tips specifically important for home sales in Groningen.
Students in Groningen
The group that loves to live in Groningen are the students. Students like to live close to their educational institution, such as the Hanze University of Applied Sciences Groningen. Students often live in apartments. Groningen has a nightlife that continues into the late hours. Ideal for a fun student time. Living in the center of Groningen remains the most popular, just like in every other city. The neighborhoods Paddepoel and Vinkhuizen are very popular with this group.
Tip from the real estate agent
Defects in the house during a viewing immediately create a bad image of a property. So make sure all small defects are fixed. A tip is to let a person who doesn't visit regularly walk through your home. This person looks at the property with a fresh perspective. This way, they can precisely point out areas that need attention.
Correct asking price
The demand for homes in Groningen is incredibly high. The scarcity indicator here is 0.8, which means that there is less than 1 home available per seeker. Therefore, it is important that you choose the right asking price. One that ensures a balance between sufficient interest and an optimal sales result (the best yield). Your real estate agent can help you determine the correct asking price.
Consider carefully which target group you want to reach
Groningen is a city that mainly attracts young people, think of students, doctors in training, and so on. This attracts investors looking for a property they can rent out. Do you have a house that is extremely suitable as an investment? Be careful. From March 1, 2022, the self-occupancy obligation comes into effect in Groningen. This legislative change ensures that a house can no longer be sublet to third parties and that the buyer must live in the purchased property themselves. When determining the target group, take into account that the group of investors will decrease from March 1, 2022.
What to watch out for in Groningen
The province of Groningen has often been in the news due to earthquakes caused by gas extraction. So be careful with cracks in the house. Earthquake damage is a defect that scares many buyers. Therefore, make sure you are prepared for this. It is advisable to have the cracks inspected and apply for a subsidy from the government for the damage incurred. It is important that earthquake damage is indicated and investigated by your real estate agent. Damage is never attractive to a buyer. The city of Groningen is far from the gas extraction area. Sometimes some damage can still be found in homes. Do you have cracks in your house? Contact the Groningen Mining Damage Institute, have the cracks inspected, and apply for a subsidy for the damage suffered.
Photo above by: Piutus
Frequently asked questions
How can I increase the value of my house before selling?
You can increase the value of your house by renovating key areas like the kitchen and bathroom or applying a fresh coat of paint. Additionally, try improving the energy label. Keeping the house tidy and minimizing personal belongings can also help. Ensure a great first impression with a well-maintained garden and entrance. Find more tips here.
What is the best time of year to sell my house?
The best time to sell your house varies by region, but generally, spring (March to June) is ideal due to the increased number of buyers and favorable weather, which makes for more attractive photos and viewings.
Do I need an energy label before selling my house?
Yes, in the Netherlands, it is mandatory to have a valid energy label when selling or even renting out your house. Not having one can result in a fine of 435 euros. Find more information about energy labels here.
What happens to my mortgage when I sell my house?
When you sell your house, you use the proceeds from the sale to first pay off the remaining mortgage debt. If there is any surplus after paying off the mortgage, you receive this amount. If the sale proceeds are lower than the mortgage debt, you will be left with a residual debt, which may require arranging with the mortgage lender. Keep in mind that you often need a notary and an appraisal for this. More information about surplus value can be found here.
What are the legal requirements when selling a house?
When selling a house, the legal requirements include having a valid energy label, fulfilling the duty to inform the buyer about the condition of the house and any defects, and correctly handling the transfer of ownership at the notary, including signing the purchase agreement and the deed of transfer. Additionally, the sale must be registered with the Land Registry. Read more about selling your house here.
