Allkauf house financing condition

Why do you do something like that .....

Rhineland greetings

Yes....Bauexperte. Such a stunt is Harakiri.

But I did it that way back then too.

In blind confidence (--> stupidity!), that I would find a plot of land. It’s not that hard. You take it into your own hands, do it, and then it goes quickly........that little thing with the plot of land. It’ll be fine.

I also found one on my own. Even just 3 days (actually 2.5) after signing the house contract. My/our house stands on that plot today as well. It’s a dream plot, truly excellent. I had never looked for plots here before. I never wanted a house either, let alone build one. Everything went down within 2 weeks back then; exceptional situations require decisive solutions....

My Steffi screamed hysterically back then: couldn’t imagine any of it, the whole thing was a district restructuring, how everything would be later there I could well imagine. She could not. I then asserted myself. Thank God – Steffi still often has tears in her eyes in the evening when she sits outside, it’s so wonderfully beautiful here. I enjoy it without crying.

What I didn’t know back then:
How incredibly scarce good plots are and how damned hard it actually is to find one, especially a usable one straight away. Especially here in the area, especially in NRW. Surely other areas (Munich & Co.) are even more brutal in that regard (and in price).

I only had one thing back then: luck and God on my side. And a wife who trusted me not to buy nonsense here. Steffi let me do it, and looking back we’re both glad we did it that way.

But: with the knowledge I have today, I would never do it that way again, not even close. That was pure madness, that method.

Instead: 1. Plot. 2. House. Never the other way round. Rarely does one have such luck as we did with such a stupid approach.

Best regards
Thorsten

Hanging in there and can't do anything. The seller is very relaxed and just says that if we don't find a property by the deadline, we can't apply for financing anyway and with the condition we would then be out. But the contract reads completely differently. That's why, and before we get advice from a lawyer in front of us, I would like to hear how others fared in a similar situation.

The contract reads quite differently.

Send me the signed right of withdrawal; you can find the contact details in my profile. Rhineland greetings

I have now often heard that someone signs a house contract without owning a plot of land. Why does one do such a thing? There is no reason for that, such a house won't run away from you. Moreover, the planned house will not fit exactly the same on the future plot of land anyway. I do not understand the purpose of such an approach.

Best regards
Sabine

I have now often heard that someone signs a house contract without owning a plot of land. Why would anyone do such a thing? There is no reason for it, such a house won't run away. Besides, the planned house won't fit exactly as is on the future plot anyway. I don't understand the point of such an approach.

Best regards
Sabine

I myself had two such conversations where it was about such contracts:

Commonalities:
In both conversations, it was argued that the price for the house is only valid until x and will probably become more expensive afterwards.

First conversation:
In the first, the argument was that only by signing the house contract would the in-house real estate experts find a perfectly suitable plot tailored to us (here I partly take over the seller's argument). Whether the plot we saw on the provider's website (and actually only went there because of that) exists or not, the seller did not want to reveal to us even after repeated inquiries without the signature. For us, the conversation was over at that point.

Second conversation:
In the second, we were on the reservation list of a new development area and wanted to clarify what is possible regarding the building regulations or what would no longer be possible if we really get the chance. The seller’s argument for the house contract was that with this contract we save time, should we then get the reservation. Additionally, there was the argument that otherwise something else would be found for us. I know that there can be restrictions here, that the house contract only applies to a certain plot, but the seller did not want to admit to that.

In the first conversation, I absolutely do not understand why anyone would sign such a thing.

In the second conversation, a lot is played with hope and fears (extremely speaking, one could say exploited). If you are not 100% clear about the consequences and blindly trust the seller’s explanation or do not consider that one should not necessarily regard the seller as independent, I can partly understand why one ends up signing.

I myself had two such conversations where it was about such contracts:

Commonalities:
In both conversations, it was argued that the price for the house is only valid until x and will probably become more expensive afterwards.

First conversation:
In the first, the argument was that only by signing the house contract would the company’s own real estate experts find a perfectly fitting plot tailored to us (I partially adopt the seller’s argument here). Whether the plot we had seen on the provider’s site (and actually were there only because of it) existed or not, the seller did not want to tell us without the signature despite multiple inquiries. For us, the conversation was over at that point.

Well, sellers trained for immediate sales. A fear of loss is being instilled for something that does not even exist yet. Such sellers could just as well work for a (former) life insurance sales team. After all, at that moment they are selling an abstract product.

Meanwhile, the customer/buyer is usually in the better position. He has the choice between X different providers. If he doesn’t like the nose of one provider, he goes to another. He wants to buy – but he doesn’t have to.

If the seller comes with the argument that the offer is only valid for a short time/today, I would ask about the reasons. Points like: “It’s a promotional offer.”, “Only available in limited quantities and almost completely sold out.” or “The kitchen/garage/e-car/whatever is only available until XX.XX.XXXX” do not count in my opinion.

If you come back later and express interest, the seller can, if the customer insists, usually still realize this supposedly already expired advantage with visible great pain, a lot of evasiveness, as an exception, only for the buyer, because he has such blue eyes and two kids, his shoes are yellow and the sun is currently shining on the show house. If you then casually mention that the competitor’s house is also nice, he may suddenly even top the offer – because the wife has brown eyes.

He has to sell not only to have the bread but also the sausage.

PS: By the way, the sellers of life insurance usually cannot do this, since the contract has fixed components (company requirements) that the advisor cannot alter.