Allkauf house financing condition

Mhhhhhhh maybe I'm just too naive, but what's so bad about the points mentioned in the contract? The buyer is supposed to arrange financing within three months. Sorry, in my opinion, you should already have it sorted out before and not start checking if you can really afford the dream house only then. I also consider three months to be a very generous period.

Verbally, we received commitments from several banks before we signed the house contract.

For the financing confirmation, the bank suddenly needs all detailed documents, the house contract, and so on...

So tell me, how else could I do it?

Of course, they need a lot of documents for the finished financing contract that you don't have yet. We have now received all documents from the notary 4 weeks before the notary appointment (also to review the purchase contract [two weeks prior are legally required]).

If I know that you are getting a loan from the banks in the amount of the allkauf house price, then it's no problem to sign at Allkauf Haus that you can arrange financing within 3 months. Allkauf Haus sends you all the necessary documents and in about 2 weeks completes the financing.

If you already have a verbal financing commitment, then the question is rather whether to build with company XYZ. But if you have already decided on Allkauf Haus, then what bothers you about this contract clause. It is not really a surprise that a developer wants to see financial security for the construction project.

EDIT:

Here is the excerpt from our contract:

§ 9 Financing

(1) The procurement of external funds is exclusively the responsibility of the buyer. The due date of the purchase price installments is independent of whether, when, and how the external funds are paid out and made available.

(2) The buyer is obliged to prove to the seller upon request, at the latest upon the due date of the first purchase price installment, the provision of the financing and/or equity required for the total purchase price.

How that is defined you can read under point 1. I have to make an effort to acquire the property.

Maybe I'm just blind, but I can't find anywhere in your posts a point 1 where the efforts to be made are listed...

I don't know how much you have followed this, but acquiring plots of land is very difficult today and involves a lot of luck.

This is my daily business; therefore, I know very precisely how the land business operates these days. Resulting from this is my next question: is it guaranteed that the plot is in the possession of the seller?

We were lucky that the developer just happens to have such a dream plot available. The main reason why one signs something like that with reservation.

Massa® is _not_ a developer. Unfortunately, you still owe the answer to my post #23...

Rhine greetings

Hello everyone,

May I ask how the original poster fared?

We are in a similar situation:
House contract signed (without specified plot) with financing contingency,
Planned plot went to someone else,
Seller repeatedly insists that if we do not find a new plot, we cannot request financing
and the contract will automatically expire on the fixed date... If we now simply do not find anything else (which we do not even want) and just do not take another one, no costs since it is still before the architect appointment.
Can someone in a similar situation please report to me/contact me how it went for them?

House contract signed (without specified property) with financing contingency,

Why are you doing something like that .....

Best regards from the Rhineland