Always late so far....

  • Erstellt am 2015-11-29 10:14:06

T21150

2015-11-29 13:55:42
  • #1


A possible way with many risks. Often you don’t know what you are buying.
Your financing must be arranged beforehand.

It can be cheaper, but as always in life: such things carry a risk.

I would involve experts beforehand here.
 

MarcWen

2015-11-29 14:09:48
  • #2
Someone once told us that the real raisins are already picked out by the banks beforehand. Sure, you can get lucky, but we stayed away from it or didn’t even bother to pursue the topic further.
 

T21150

2015-11-29 14:12:15
  • #3


I completely agree with you again.

Banks pick out marketable properties beforehand. Those then end up in the bank's prospectus. That’s logical. More money for the banks (I would also want to minimize my loss).

What remains....... you can imagine.

Sure, the mods here can say something about it, they definitely have more knowledge on the subject.
I am just an amateur with a very good gut feeling and quite good information.

A family with a net income of 4.5k is already well off when it comes to proper building and buying. Truly.

Only a distant cousin of mine once did the foreclosure thing and they were lucky to get a top property (which they knew about only after the purchase, not before. All or nothing). But that was also a coincidence..... as I said, it can happen.
 

wpic

2015-11-29 15:33:04
  • #4
I recommend that you place a search advertisement yourself. Last month, I conducted two purchase consultations for properties in Cologne, which had been initiated and advertised by the prospective buyers themselves, with good and quick results. Real estate agents are indeed dispensable and usually do not contribute anything substantial to the real estate transaction. The properties on real estate portals are "leftover stock"; the really interesting properties are directly mediated to clients registered by the agents. This route is, of course, also open to you; however, property owners increasingly do not want to use the services of an agent for understandable reasons and do not officially offer them. There are now also some (mostly) agent-free portals, e.g., the offerings of the large E... department store.

Foreclosures can be interesting if you are familiar with the subject matter, know how to read the expert reports, and can estimate the renovation and conversion costs in advance. Unknown construction and planning law aspects and not entirely clarified ownership conditions can turn the acquisition into a surprise package. Basically, only something for "professionals" or people with courage and a well-equipped construction budget.

In general, I recommend that, if you have concrete interest, you always take an expert (architect/civil engineer) along to the second appointment, who critically examines the condition, the renovation effort, construction and planning law issues, and already carried out "renovation measures." He should be able to roughly estimate the upcoming renovation and conversion costs and also calculate the purchase price on-site after the viewing according to the shortened material value method. This provides you as the prospective buyer with a very concrete basis for realistic financing considerations.
 

tomtom79

2015-11-29 21:07:26
  • #5


They can't pick anything out for themselves! Because a foreclosure is still a court order and it has its own procedure.
 

Bauexperte

2015-11-30 10:35:05
  • #6
What agreements - even if they contradict the established procedure - do not prevent ;) Rhineland greetings
 
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