Buy a house today, pay in 4 years

Hello everyone, I have a complicated issue, we want to buy a house. The owner is willing to sell it to us, but he only wants the money in 4 years when he retires. He suggested a rent-to-own agreement, but in our opinion, that doesn't work because it is an old building. We also need to be registered in the land register because we need a loan for the renovation and the purchase. The purchase price is about €200,000. Is there, for example, the possibility that he gets €20,000 now and the other €180,000 goes into a security account? Or do you have ideas on how to arrange something like this? Regards Jens

I have a complicated issue, we want to buy a house. The owner also wants to sell it to us, but he only wants to get the money in 4 years when he retires. He suggested a hire purchase to us, but in our opinion that doesn’t work because it’s an old building.

I don’t see the construction year having anything to do with the issue. And you shouldn’t wait four years before using the search function before asking a question here, the topic is already there, still fresh:

Is there, for example, the possibility that he gets €20,000 now and the other €180,000 are put into a secured account? Or do you have ideas on how something like this can be arranged?

There are 4711 options suitable to your username, from which one can only choose if, among other things, one knows his motivation.

Or do you have any ideas on how to regulate something like this?

Ask the notary you trust for a reasonable solution. There are actually 4711 possibilities...

If you buy today and pay in four years, the seller is simply giving you a loan. This is secured in the land register just like a bank loan would be. What is complicated about that?

Hello everyone,
Thank you very much for the information. It is very helpful.
The thing with the elementary school is a good idea. We have to see, and will also talk to our bank advisor. We want to pay as little interest as possible. Presumably, these will also increase in the next few years.
Regards
Jens

If you buy today and pay in four years, then the seller is simply giving you a loan. This is secured normally in the land register, just as it would be with a bank loan.

However, this is a deal breaker for the OP's desire to get a bank loan, as they also need/want to renovate. Apart from that, the likelihood is very high that it will be an expensive undertaking. Not now, but in four years, when the interest rates for the bank loan will be significantly higher than now. A forward contract for four years is unaffordable... (and would have to be reflected in a price reduction).