Tips for location specialists on how to put together a convincing case file.jpg

Because there are more potential renters in Luxembourg looking for the perfect cocoon than there are actual homes for rent, the supply cannot meet the demand. In order to settle in Luxembourg without a hitch despite the challenging international environment, it is essential to demonstrate strong organizational skills. Learn the crucial steps to creating a winning application that will set you apart from the competition and reassure the bankers.

## It would help his or her chances of getting a rental by a lot if they brought a complete file to the first viewing

When there is a high demand for a property, multiple potential tenants may apply to rent it, leaving the landlord with too many good options. And naturally, he favors those who earn his trust by providing solid assurances. And who are able to present any and all necessary supporting documentation without delay.

That's why we recommend printing multiple copies of your file to bring with you on visits and presenting it whenever it's convenient for you. All candidates who haven't submitted any required administrative paperwork or whose applications are incomplete will be eliminated from consideration immediately.

_"We strongly suggest that you print multiple copies of the file and bring it with you on each visit."_

## Everything You Need to Rent an Apartment

Your bailiff will require some form of identification, such as a driver's license or passport, in order to draw up a rental agreement. Furthermore, he will require proof of income. Consider making copies of your most recent three pay stubs to show that you have a stable income and can afford the rent. Last but not least, you'll have to figure out the security deposit, which shouldn't be more than three times the monthly rent.

_“To demonstrate that you have consistent funds, please bring a photocopy of your most recent three pay stubs”._

A multi-peril home insurance policy contract must be presented at the time the bail is signed. While you're still looking, you shouldn't take this approach. However, don't forget to contact your company as soon as you've decided on an apartment so that you can be covered beginning on day one of your rental.

## You need these supplementary materials to strengthen your application

If the setting turns out to be particularly hostile, providing the bailor with the necessary paperwork will give you a significant advantage over other candidates. However, you can add additional credentials that will attest to your seriousness, increasing the likelihood that you will be granted housing for which you feel an authentic emotional connection.

For instance, if you receive a rental assistance program, be sure to let your landlord know about it. This person will feel more at ease knowing that some of your rent is being paid for by a government program to which you are entitled.

At the same time, make sure to include information about whether or not you are eligible for state rental assistance in your application. In fact, the state can set the entire amount the landlord is asking for based on income levels, with the understanding that the tenant will pay back the money over the course of several months.

Keep in mind that you will be living in the home of a person who is very protective of his or her property and peace of mind. All evidence of your punctuality with payments will help ease his concerns. And don't be shy about letting her know that you're the type of person who takes care of her belongings, values cleanliness, and would never leave a messy apartment in her wake. This will earn you major brownie points.


3 Tips for location specialists on how to put together a convincing case file

What are the benefits and drawbacks of purchasing as a couple.jpg

This benefit may not seem immediately obvious, but it is very helpful to you nonetheless. A psychological study found that buying with a companion reduced anxiety compared to shopping alone. You can discuss and debate your thoughts and feelings after each visit. In addition, you have the benefit of mutual support even in the most challenging times, such as when applying for a loan, having legal documents notarized, or planning a move. This, of course, does not preclude your seeking additional assistance and giving priority to purchases through a real estate agency in order to guarantee compliance with all applicable regulations.

_Shopping with a companion reduces anxiety by half compared to going it alone, according to psychologists._

## The option to customize repayment amounts to suit individual means

You and your partner probably don't make the same amount of money (e). If both borrowers are to make payments toward the loan's principal, they can agree to different monthly payments that still adhere to the terms of the credit agreement while giving each borrower some spending money. It works the same way with the contribution; everyone can pitch in whatever amount they've saved up, regardless of how much that may be. The number of shares allocated to you will then be based on your level of participation, allowing you to anticipate to whom the proceeds of the sale will be returned (depending on the marriage contract).

_For example, "You can outline unequal month-to-month bills with a view to let you meet the necessities of the credit score agreement at the same time as nevertheless permitting every of you to keep a minimal stage of buying power."_

## Marriage structure, taste differences, and inheritance are all important considerations

Similarly, not everything is rosy in a joint purchase; some concerns need to be raised because they must be anticipated before any money is put up. To begin, if you are married under the regime of the community of goods, whoever pays for the house does not gain sole ownership; rather, it belongs to both of you equally. But this is not the case with a contract based on "separation of goods," in which each party's assets are treated separately. Finally, if you have two separate estates and a joint one, the results will be different depending on the inheritance structure you've chosen. These concerns may seem minor during the buying process, but they will be crucial during the selling process. Even if things are amicable between a couple, a separation can be made more difficult by financial disagreements over how to split the proceeds of a sale.

When making a joint purchase, it may be necessary to compromise emotionally. In fact, even if you make the most of the opportunity to discuss the properties you've seen, share your thoughts, and highlight the "plus" and "minus" features of each rental, you may still find yourself at odds over some minor details. It's important to go above and beyond in order to find a solution that works for both parties.

What are the benefits and drawbacks of purchasing as a couple?

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Sellers in Europe have been required by law to conduct an assessment of a home's energy efficiency since 2010. Therefore, an energy passport is needed in Luxembourg before a home or apartment can be put up for sale. Where can I get my hands on this paper? Would there be no cost involved? If a diagnosis is made, what does that mean for the deal?

## What is EPC?

When it comes to a building's energy use, the EPC (Energy Performance Certificate) or "energy passport" compiles all relevant information. Designed to aid homeowners in spotting insulation issues so they can address them during renovations, this tool also serves to educate potential buyers. The document was written so that anyone could read it and understand how the different properties in the market measure up in terms of their performance.

_“This report was written so that anyone could use it to evaluate the relative merits of the various real estate options on the market”._

The EPC is a required document when a property's ownership or tenancy is being transferred.

## At what point in time must one create the energy performance certificate?

When a property is put up for sale or rent, an energy passport must be created in accordance with local law. This means that the passport must already be in existence when the ads are released to the media. Indeed, fines can be imposed for commercials that fail to mention the energy passport.

## How to Get an Energy Passport?

The Grand Ducal regulation regarding the energy performance of buildings was updated on November 30, 2017, and this regulation governs the EPC in Luxembourg. Experts such as architects and consulting engineers can issue it, but the full roster of experts recognized by the Ministry of Economy is available on the Grand Duchy's official website.

A professional can issue an energy performance certificate as part of their service. Therefore, the applicant will be responsible for the varying establishment fees depending on the nature of the interlocutor chosen.

## What does the EPC consist of?

The energy performance certificate rates the property from A (the best possible) to  (the worst possible). It states three separate facts:

- The requirement for primary energy;
- A high demand for heating;
- the release of carbon dioxide.

To quantify these three factors, many criteria are considered. For instance, the thermal isolation of the building is carefully examined, with special attention paid to wall thickness, roof insulation, and the presence or absence of thermal bridges. The effectiveness of heating and hot water provisioning systems, as well as the ventilation quality, are also taken into account.

You can legally sell today even if you are issued a poor-grade energy passport. Nothing in this document should be construed as obligating anyone to undertake any sort of renovation work. Nonetheless, prospective buyers might be deterred by this criterion, especially now that consumers are becoming more conscientious about their energy bills.

## Do you think the energy efficiency rating will help you sell the house?

The value of a home that requires a lot of energy to maintain will naturally be lower than that of a similarly constructed but well-insulated "low consumption" home (for the same surface area and characteristics). Since this data is required to be included in all real estate ads, it is frequently used by potential buyers when debating whether or not to schedule showings. Simply put, if the diagnosis isn't good, you'll need to lower the asking price or make repairs before you can expect to sell.



Obtaining an energy passport is mandatory prior to closing on a property

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You've probably been under constant pressure ever since you started working on your financing package, signed the sales agreement, and applied for your loan until you finally closed on your home. The move is quickly approaching, and just when you think you're making progress through all the tedious administrative procedures, it's almost time to pack. Again, we recommend planning ahead as much as possible to avoid any hiccups.

## Get all of the major projects done before moving in

Do you want to replace the carpeting, paint the walls, or add more insulation to some of the rooms? Make sure you finish all of the remodeling you want to your new home before you move in.
Working in an empty house reduces the amount of time and effort required, saving you both time and money (since you pay for fewer labor hours).

_“A spokesman for the company said, "It is much easier to intervene in an empty dwelling: it represents a saving of time for the craftsmen, and thus an additional savings for you."_

In addition, the homeowners' routines are disrupted when work is done in their presence. Living in a home that is currently undergoing renovation is not a relaxing experience, as you may experience equipment downtime, having to vacate your home to allow professionals to complete their work, and water and/or power outages. That's why, before packing up to move, make sure everything of significance is done.

## Setting a moving date that works best for you

Know that the rates charged by movers change from time to time according to their own schedule if you're looking to book their services. They charge more during the peak season when demand is the highest, even though off-season quotes are more competitive overall. As such, if you need to relocate for work, try not to do so between May and September. Pick weekdays rather than weekends.

_It's best to delay a professional relocation until after the busiest summer months (May through September)._

When moving with loved ones, on the other hand, it's important to get in touch with everyone who can lend a hand and make a note of their availability. Seeing as how you'll need to be surrounded by people in order to move in without incident, don't be shy about recruiting as many of your friends and family members as possible, and try to schedule the big day on a weekend this time around.

## Whether you live in a house or an apartment building, you should alert your neighbors

If you're moving into a new home or apartment complex, it's polite to leave an apology note in each of the neighbors' mailboxes. For those who live in a residential area, the presence of a truck on the road may be a nuisance to those who are driving or walking, so any kind of warning is appreciated.
Take extra precautions in the building, as some tenants have put up covers to protect the elevators from vandalism. Do your research on the local moving regulations ahead of time to avoid any hassle and make sure you are in compliance.

You've just purchased a new house, so naturally you're thinking ahead to the future there. It's counterproductive to start off on the wrong foot with the people in your immediate vicinity, so making initial contact is a great way to meet new people in the area and lay the groundwork for fruitful relationships.

The real estate agency continues to be a dependable resource even during the moving process. They will be able to help you with the nuts and bolts, the paperwork, and the procedures.

Last but not least, it's important to know that in Luxembourg, it is standard practice to collect various types of trash (such as regular trash, cardboard, paper, glass, etc.) separately. Find out what the rules are by talking to your fellow residents.


Moving: taking the stress out of the move 

How to organize your showings to get your house sold quicker.jpg

The first visit is the most important of the many steps involved in selling a home. Everything the buyers experience will not only shape their opinion, but also have consequences for any potential negotiations that may follow. If you want to increase the likelihood that this meeting will result in a love affair within the first few minutes, careful planning and careful property arrangement are essential. Listed below are all of our suggestions for how you can better organize your visits and convince the most number of potential customers to make a purchase.

## It's important to get the house ready for guests

Your home or apartment shouldn't make guests feel cramped, dirty, or unkempt. Get there at least an hour before your appointment time. This will give you time to let the rooms air out, clean up the clutter (if the furniture is still present), and get them ready to show. If you're having a hard time increasing the property's value in time for showings, researching home-staging techniques may help you a great deal.

_Please arrive at the property one hour prior to the scheduled appointment time._

## Select a convenient time for a meeting

Based on the orientation of your living spaces, you probably have a good idea of when the sunlight is at its brightest. Guests should be greeted at these times, when the light is most pleasant. But don't let this helpful hint hamper your ability to adapt. Respect the buyer's authority, but be flexible if they're unable to be reached by phone during normal business hours.
Address the most frequently asked questions.

Your guests will inevitably have housing-related questions; this is not the time to feel vulnerable or anxious. They won't be able to put their faith in you unless you exude assurance. Create succinct explanations for the most frequently asked questions, such as how much it costs to heat, how big the lot is, when it was built, which way the rooms face, etc. If you notice that fresh queries are being posed, come up with a brand-new response to use in future instances. As you continue to interact with potential buyers, you'll develop a more targeted strategy and be better able to assuage their concerns.
 
_If you don't project an air of self-assurance, your connections won't feel comfortable entrusting you with anything._

## Welcome guests with open arms and let them stay as long as they like

Don't squeeze a viewing in between other commitments; if your prospective buyers are truly smitten, they may want to spend a lot of time there. You should give them as much time as they need to look over the property, ask questions, and revisit any areas they'd like. Take your time and don't give off any negative vibes that would make people think you just want to get this over with.

You will have realized that the viewing of a property is a pivotal stage that, if poorly orchestrated, can have a negative impact on both the seller and the prospective buyer. We suggest you hire a real estate agency to help you sell the house so that you can maximize the number of potential buyers who view it. They'll schedule the meetings for you and, as part of their duties, will make every effort to charm the prospective customers.


How to organize your showings to get your house sold quicker

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You're looking to buy a home or apartment, but you haven't decided what features are most important to you. Investing in real estate is a long-term venture, so it's important to lay the groundwork for your project by identifying and articulating your goals and expectations. By doing so, you will maximize your chances of looking in the right places and minimizing time spent there.

## Are you thinking ahead with a purchase of real estate for the medium or long term?

The time frame you have in mind for your purchase will dictate every choice you make. If you're house hunting with the intention of starting a family, it stands to reason that you'll prioritize spaces that are larger than what you require right now. If, on the other hand, you are entering a period of transition, you will prioritize your immediate needs.

_"How far into the future you look will determine all of your purchasing decisions."_

## Specify the property type, such as house or apartment

Apartment living is attractive to those who wish to maintain ties to the city while benefiting from the reassuring presence of close neighbors, while house living is preferable for those who value greater independence and privacy. Many people who are looking to buy a home already have a good idea of what they want before they even start looking. However, we encourage them to keep an open mind, as they may one day find the perfect apartment that was once only a dream (and vice versa).
 
## When competing in the housing market, should you focus on new construction or existing homes?

Prospective homeowners can choose between the old market, which is viewed as more affordable, and the new market, which is viewed as a safer investment. Actually, for the same square footage and standard features, a brand-new house is worth more than an older one.
 
When purchasing an older home, however, you may be faced with the necessity of performing costly repairs, even if energy renovation does provide some form of financial aid. It's reassuring to move into a brand-new, fully furnished apartment. The purchasers are protected from a wide range of losses for a full decade thanks to the 10-year guarantee.

Some older homes, after being meticulously renovated, are in high demand because of their "move-in ready" status. The modern conveniences found in brand-new homes are a major selling point (electric shutters, home automation, elevators in buildings, aesthetic fittings). Investors can recoup some of their initial investment through tax breaks and the money they save on energy bills thanks to improved insulation (reduced VAT and registration fees).

## Specify the required and disallowed conditions

Last but not least, before starting your search for a new home, write down the features you're looking for and the ones you're willing to give up no matter what. Things to consider would be the square footage, number of bedrooms, quality of natural light in the main rooms (exposure), availability of a private yard, level of insulation, and proximity to nearby parking.

## Put your hopes and dreams in writing.

Don't go into a property purchase blind; instead, seek the counsel of seasoned real estate agents who can help you define the project's foundation and put you in a stronger negotiating position.


Thinking ahead and settling on criteria for your real estate purchase?

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The owner should conduct at least one estimate, and preferably more, to improve the property's marketability and speed to sell at a fair price. This initial crucial step is what enables the salesperson to settle on the optimal selling price, maximizing the return on investment in his or her personal wealth.... The goal is to complete the sale as quickly as possible without artificially inflating the price of the home (what would slow down the purchasers). How to determine an appropriate initial bid price, Some crucial pointers for conducting a proper property valuation are provided below.

## Being aware of the marketplace

Start by perusing local listings and zooming in on properties that seem comparable to yours before you try to assign a price. Before committing to a rental, it's important to shop around and see what other options are available at similar price points in the same area and with similar amenities. By doing so, you can have a more accurate estimate of the market and, by extension, the potential profit from this upcoming deal.

_“Do some research on the available options in your area and compare prices”._

## Do a dispassionate evaluation of your home

Your home or apartment takes on a special meaning for you as the owner. Before listing your home for sale, however, you should take a deep breath and train yourself to forget the history of the place you're selling. So, you'll have to make your decision based entirely on hard data. You may, for instance, have recently completed a kitchen remodel that you are thrilled with and believe adds significant value to your home. A new kitchen will add to the price, of course, but perhaps not as much as you anticipate. You can't let your personal preferences or feelings influence your property valuation.


## Calling a real estate firm for help

You will have realized that the owner lacks the expertise necessary to accurately value his property, and that his emotional investment in the property could cloud his judgment. Therefore, we suggest that you get in touch with a real estate agency to have a professional look at your home or apartment. In order to accurately assess a property's worth, real estate agents take into account all relevant market data as well as any other relevant objective criteria. You can rest assured that working with professionals will not cost you more money because they, too, are looking to make a profit.
 
## Try to get multiple quotes

You are free to request additional estimates from your real estate agency if you are unhappy with the initial one. Get a better feel for how much your home is worth by soliciting multiple appraisals from specialists and comparing their estimates. Choosing to work with the company that gives you the highest estimate could make it more difficult to sell your home, so tread carefully.

_You can always ask for another estimate from your real estate company if you are unhappy with the first one they gave you._

## The idea of negotiating should be considered

Even though you're just getting the home appraised and beginning the selling process, you should already be thinking about the first negotiations with potential buyers. It is common practice for potential buyers to make an initial offer that is lower than the asking price in the hopes of negotiating a better deal. You can't achieve success if you never take any chances. In order to better estimate how much your home will sell for, you should factor this possibility into your valuation.

Don't rush through the estimation process just because you need to close a sale quickly; it sets the tone for the entire transaction and could make or break the deal. Don't forget to get some expert help, because doing an accurate evaluation is something only real estate agents can do.

Accurately valuing the home is a crucial first step

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The price of the property is one of the most important considerations for both the buyer and the seller. In this context, it's important to do some research, look at comparable properties, and even plan ahead to determine a fair price for your home. How do you price something so that you profit from the transfer but don't put off potential buyers? Helpful hints and advice.

## Learn the market and locate properties that are comparable

Property values range widely from one city to the next, and even within a city's neighborhoods. Narrow your search to a small area to compare listings in the same category (or similar sectors).

The next step is to research other properties that are similar to yours in terms of size, age of construction, and general condition. Think about how each property stacks up against the others, and use that knowledge to either increase or decrease your asking price. After perusing similar real estate listings, you should have a better idea of what to ask for your own.

_"Examine all of their features side by side to see what might drive up the price and what might drive it down”._

## Incorporate all relevant factors into your valuation

There are a number of factors that determine the market price of a home. The location and mailing address will reflect this. Not every city is buzzing with activity, and even within a city, some neighborhoods will attract more attention than others. As an illustration, it's helpful if you're located near convenient amenities and public transit. On the other hand, selling a more remote but "quiet" home may work to your advantage. However, selling goals need to be lowered when setting up shop on streets that have a reputation for being loud and full of partygoers or for being unsafe.
 
After learning about the neighborhood, you should examine the property itself. A completely renovated apartment will be worth more than a house that needs some work, so pay attention to the details. While an updated kitchen will drive up the asking price, a tired bathroom could bring it down. Other, more modern factors, such as energy efficiency, thermal and sound insulation, and Internet connectivity, should be considered as well (fiber connection).

_“A house in need of repair will sell for less than a similarly located apartment that has been renovated thoroughly”._


## Conserving objectivity

It is important to use only objective criteria when determining an appropriate selling price for your home or apartment. You can't add the value of your memories and affection for the place to the asking price. It's not easy to do this, especially if you've been a long-time resident of the home... And after spending so much time, money, and effort keeping it up!
In addition, we advise getting an estimate from a real estate agency since the scope of this project warrants careful consideration. This method can help you determine the optimal budget for your advertisement and is typically free of charge. After that point, you're free to close the deal directly or work with a broker. However, keep in mind that real estate sales are subject to a number of administrative restrictions; in most cases, the assistance of an expert is not unnecessary.


The best way to determine how much your home is worth on the market

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Putting a property up for sale is a stressful process for any owner because it requires them to make important decisions. Selling your home as soon as possible and for the highest possible price is crucial. How can we guarantee that we adhere to ethical standards? How can I best position myself to make a sale at this time? Please use the following guidelines as you organize this crucial undertaking.

### Consult with professionals in the field to determine the true value of your home

Don't get it wrong when defining the selling price because it affects the entire procedure. Certainly easier to say than to pull off... The owner's emotional attachment to the property competes with its monetary worth when the owner also makes their home there. It's true that the homeowner has put in a lot of time and effort to make their house as nice as it can be. But that's just how he sees the property in his head...

Because attachment does not exist from the perspective of the prospective buyers, it should not be a stumbling block when trying to sell the property. In order to go the extra mile, it is still recommended that you consult with real estate professionals in order to get a rough price range. The expert can inform the seller of all the relevant objective factors in the housing market that should be taken into account when determining an appropriate asking price (the one that will allow to finalize the sale quickly, while offering the most important sum possible to the seller).

>Attachment is not an issue when selling a home because potential buyers won't feel any emotional ties to the place.

### Get your property ready for sale by preparing the appropriate paperwork.

If you want to close a sale lawfully in Luxembourg, you'll need to provide an energy performance certificate. The buyer also needs to see the past few months' worth of energy bills to get an idea of the total cost of ownership. The minutes of the most recent general meetings of co-owners are also included in this category of necessary paperwork, especially in the case of a building, but may also apply to a house.

You can get a head start on the sale by preparing all the paperwork before you even start talking to potential buyers. The opposite is true, however: if you skip over a few formalities, you might miss out on some fantastic chances. Indeed, purchasers lose interest once they discover crucial paperwork is missing... They will not put their trust in you unless you provide an EPC (energy performance certificate).

### Real estate sale: have you considered staging the home?

You can boost the likelihood of a positive first impression when guests come to your home if you stage it attractively. Indeed, some small and inexpensive works can really facilitate the sale: repainting the walls in white to refresh the rooms, removing some furniture that is too bulky and tends to reduce the available space, storing away in the attic the photographs and decorative objects that are too personal, etc.

>Small, low-cost repairs can do wonders for facilitating a sale.

Keep in mind that everyone who comes to your house must be able to "be themselves." As such, even if a complete overhaul of the home's furnishings and decor is out of the question, you should take steps to ensure that the space is as unobtrusive as possible.

The final deciding factor is the real estate firm you select. If you want to make a variety of "first contacts" with the nearby buildings, don't be afraid to get multiple estimates on your property. You want to work with a company that has a regular presence in your area, but more importantly, you want to work with someone you can put your trust in. The real estate agent will take over the showings and other administrative tasks on your behalf; trust in their expertise and let them handle the sale with closed eyes.

Keep in mind that the broker who claims the highest asking price isn't necessarily the most trustworthy; instead, an evaluation should always be backed up by evidence like comparable sales, market data, square footage of living space, and so on.

>The most trustworthy broker is not necessarily the one who offers the highest price.

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