Buy house with unclear seller move-out

  • Erstellt am 2019-03-21 21:32:32

Tassimat

2019-03-22 15:12:01
  • #1
What do you gain? A house of course, that you want to have at all costs despite all the risks. Recognize risks, price them in, and act accordingly. Fortunately, the thread creator has already inquired about this here.

In my case: I paid on time, even though I knew exactly that the owner had already tried to reverse the notarized contract and no longer wanted to move out. Fortunately, he still moved out with a few days' delay. Otherwise, there would have been an eviction lawsuit. The contract stated that the seller committed to moving out by the key date. A simple situation, potentially a long legal process. By the way, you should expect this in every real estate purchase if the place is still occupied.
 

Kapitänin

2019-03-22 15:12:53
  • #2
Hm, it might really be an option to say that the inventory not cleared by day X becomes our property. I think the lady is hopelessly overwhelmed with disposing of her huge household.

On the other hand, that means she might not do anything at all, and we will have a lot of stress and costs with the clearance. I think we should have a detailed conversation with her and the real estate agent before taking further steps like involving a building surveyor, etc.

I hope the real estate agent advises us well here. But maybe it's also a pact with the devil...

P.S. The option that it might take longer is not possible. We already live in a house that will serve as our capital. Therefore, we will sell it simultaneously with the purchase. If this whole thing ends up in an eviction lawsuit with delay, we have a real problem... But I want the house :(
 

Tassimat

2019-03-22 15:17:34
  • #3


Old people simply cancel the sale if it causes them too much stress. I would just accommodate them if in doubt.

Just plan for 4 weeks of clearance and 5000 € costs. That way you’re safe. If you do everything yourself, it can be done for under 1000€.
 

Tassimat

2019-03-22 15:32:01
  • #4


You can arrange with the bank that you have to sell the old house later. Maybe with a little extra cost to register a new mortgage on the old house, but you should openly discuss the scenarios and what options the bank sees with your advisor.
 

ypg

2019-03-22 16:54:34
  • #5


Hopefully your buyers don't think like you ;)

A fixed date is definitely better in the purchase agreement. Hopefully you can also fulfill the contract then... they can think the same way right now, "hopefully they come up with the money on time. I can't imagine that they will sell their house" :o
 

HilfeHilfe

2019-03-22 18:50:45
  • #6
If necessary, offer the current tenant a small consideration of 5-10k and deduct or share that from the purchase price ... sometimes works wonders
 

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