Advertisement for the joint purchase of a plot of land

  • Erstellt am 2020-07-27 21:08:39

Pinky0301

2020-07-28 08:21:04
  • #1
I have already seen advertisements in which families were looking for building partners. Regarding subdivision: I know regulations stating that a plot of land must not fall below a certain width, so there can be restrictions.
 

ypg

2020-07-28 08:38:11
  • #2


We once placed an advertisement to search for building partners. In the newspaper, the Internet was not yet common in 1997.
We met with a couple. That could have worked out with them too: a semi-detached house with ideal division - each 400sqm. We need 650sqm for detached houses, but that was too expensive for us.
In the end, the owner decided not to sell after all.
We then discovered the terraced house in a straight line from the property, the other couple next door moved into another semi-detached house from a developer.

So: such things do exist. However, developers are quicker on the ball, so it is important to find a partner who likes the same clinker bricks.
 

Stefan890

2020-07-28 09:33:04
  • #3
You also have to consider the building envelope (appropriate size for, e.g., 2 single-family houses) and whether the side adjacent to the street is wide enough for a reasonable division. Alternatively, a semi-detached house would also be possible (if permitted), but then there is only one shared garden, etc.
 

JamaikaJoe

2020-07-28 20:58:23
  • #4
Hello,
Thank you for your feedback on this.



I had not yet considered the aspect that the other party does not intend it as seriously and consistently as I do myself. Since it was mentioned several times, however, it does not seem uncommon for a land purchase to fail at the last moment.

Yes, it seems to me that the construct of a joint purchase is also too complex for the already complicated process of acquiring building land.


Although, through the “agreement” you would have more say than usual about who becomes one of the future neighbors. Sounds a bit like casting


The large land purchase would probably only be possible with a variable loan, I would think.
How many notary and land registry procedures would that be if divided by two?
From the gut: primary purchase once notary and land registry/mortgage. Then again half notary fees for division and land registry fees for the retained portion of the land.

Regards
Jo
 

11ant

2020-07-29 00:06:55
  • #5
How do you get from a semi-detached house to a shared garden? Since both can and both want to must be true, it only works if both can. If you both can and want to, but the other person's bank does not cooperate (e.g., because he is not approved for such a large financing after all), then in the end it also doesn't work for you (until you find a new partner, if your bank holds its commitment that long, and the seller of course as well). More often it fails because your bank doesn't "hold out" waiting until the other knows whether he can as well as wants to. Note: usually the seller’s willingness to sell is contingent on both being able to buy (because he doesn't want to sell just one half). If the "instigating" partner wants to eliminate the factor of uncertainty, this usually means he has to buy alone from the seller at first. But his bank usually only wants to finance his part of the land, and not his speculation of hopefully passing on the other part soon. From my point of view, it not only feels like that, it actually smells like it.
 

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