Buy now or wait a little longer?

  • Erstellt am 2025-07-30 14:45:35

PankowPlant

2025-08-06 10:46:52
  • #1


Thank you very much, no, it rather means Pankow as a neighborhood, so Pankow, Ndsh, Rth, Wilh., and possibly Franz. Buchholz. I know that is very limited, but we are in the comfortable position of not having to move at all costs from a 100 sqm apartment.


Thanks for your assessment.

To give a small update (maybe it is also relevant in view of the salary discussions). With the salary parameters (see above) and an equity ratio of 180k, we went to a consultation at Dr. Klein.

They could offer us the following.
Nominal: 3.68% / Effective interest rate: 3.76% on a loan amount of 600k and an interest lock-in period of 10 years.
The civil servant probationary status was no issue, as was the fixed-term contract.
We could still receive about 150k in equity from our parents, but we only want to fall back on this in case of extreme emergency. After all, it is their hard-saved money. Perhaps we will start another inquiry with our (almost) entire equity and then see what conditions are offered.

How do you assess the conditions?
 

ypg

2025-08-06 10:49:58
  • #2

So you have just under €800,000 in your equity, is that correct?
 

PankowPlant

2025-08-06 10:58:46
  • #3
Yes, exactly, we currently have 800k available.
 

Evolith

2025-08-07 09:04:07
  • #4
My suggestion would be: Take the parents' equity with you and look for a plot of land and pay cash upfront. That way you have an unencumbered plot of land and later free choice of bank. Otherwise, it will be more difficult to find a bank for the house financing that might be cheaper than the land bank. Then pay back the equity to the parents within the next 2 years. During that time, you can simultaneously look for a suitable house that you want to have built. When you are unencumbered again, you can go for the big loan with the house. By the way, €500,000 is not unusual.
 

Ziegenhals

2025-08-07 13:48:10
  • #5


In the location you prefer, I actually don’t see a plot + 160 sqm house construction for a budget limit of €800,000. The land prices in the mentioned districts are actually too high for that. From €1,000,000 upwards it could be feasible there. For the overall project, you would probably have to go further out.
 

PankowPlant

2025-08-07 14:47:20
  • #6

Land first and then house construction later would also be my preferred option. With your method, however, we would then lack the equity (since our savings rightly flow into repaying the money to the parents) for the house construction. Wouldn't that put us in a bad position with the banks?
 

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