At what value is the property assessed during financing?

Ok, good to know. I'm curious....

Is only the net purchase price considered equity or are broker and notary fees also included?

Of course, only the net purchase price. Broker and notary are your private pleasure.

We will then need approximately EUR 200,000 in credit, the house will be fully financed, the property serves as equity. It should work, right?

We then need about 200,000 EUR in credit, the house will be fully financed, the land serves as equity. Should work, right?

That largely depends on income and expenses. Permanent jobs are also helpful.

Hello everyone,

we are currently buying a plot of land and our bank values the land based on the standard land value. The purchase price is 10 euros / sqm higher.

In the case of a foreclosure auction, the purchase price is very likely always lower. However, the bank will probably not use the purchase price in that case.

Regards

Exactly. As a rule, the standard land value is significantly higher than the purchase price. This is due to the time delay and the method of determining the standard land value. If it is the other way around, it does not indicate a sought-after location. Rather the opposite..

You can't say that so generally. It depends on whether prices in the area are rising or falling. The standard land value is always calculated every two years (here, for example, always at the end of the even year, i.e., Dec. 2012, Dec. 2014, etc.) based on the average of the sales prices of the past two years. The date should be indicated on the standard land value map. So the standard value always lags behind the actual development.

I would say: if you pay less than the standard land value, the purchase price is used. If you pay more than the standard land value, the standard land value is taken. Always safe and in favor of the bank.

We then need about 200,000 EUR loan, the house will be fully financed, the land serves as equity. That should work, right?

With a temporary job and 2 financed cars, rather not, with 2 incomes of 5000 EUR net each, rather yes. It depends – the standard answer to all questions in my professional world.