Buying a house without a mortgage loan

I will inspect the house again together with an expert. And then decide. She will at least carry out the living area calculation. I can't do that because the house is full of stuff. She has no documents left! At most, the invoice for roofing. But basically, my question is not answered. What, besides a real estate loan, is possible to finance a house. I am aware that it works with equity. But can I also simply take out any random loan for any random amount, for free use? Or is that not possible for a house purchase?

Of course you can do that - but it would be nonsense, because in that case the conditions are worse.

Besides, it depends on how much you need. I talked about it the other day with my banker, who named me what I consider a relatively high amount that he would lend me immediately without further inquiry... but even that wouldn’t be enough for the whole place for you...

I would then simply have time to prepare the remaining documents and then I could apply for a renovation loan, that's roughly how I imagined it.

I am now waiting for the call back from the appraiser and when we can visit the house together again. And until then she might have gathered some documents and/or I can at least take some photos in advance. So the bank at least has that.

I would need about €110,000. Purely for the purchase.

I have to honestly say that based on the photos, I don't find 120k that bad. Of course, you have to like the location right next to the railway. It's going to be noisy, which would be a dealbreaker for me. It will also never become particularly valuable because there are few people who can handle that. Therefore, I would at least partly question the property value based on the location. You can't say anything about the building fabric from the photos. But if you imagine the whole mess gone, I can imagine that you could make it quite cozy there.

We already live by the railway. It hasn't bothered us and won't bother us in the future either. I find cars much more annoying, but the train doesn't run all the time, just two trains an hour plus the occasional freight train. But as I said, we don't know any different. And it doesn't bother us.

And I see it the same way, if the mess isn't there, the house is certainly wonderful.

I haven’t read everything now. So I apologize in advance if this is repetitive. When we bought our house, we didn’t receive many documents. This later turned out to be a problem years later: when we needed a building permit for a double carport. It turned out that half of our property, namely almost the entire garden, was actually supposed to be a planting strip that had to be planted according to the municipality's requirements and otherwise was not allowed to be built on or sealed. At that time, the entire garden including paths, garden house, play equipment, various beds, and trees that coincidentally did not match the planting plan had long been there. The shock was great. In the end, we were able to come to an agreement with the municipality and legalized our garden retroactively against a compensatory plan. The other thing: for the same permit, we needed proof that we had a right of way and utility easement for the property in front of us. Well, this was also nowhere documented. With the help of friendly neighbors, we were able to prove the right through their land registries. Because nothing is registered for us, which apparently is not uncommon. In all the fuss, I then obtained the building file, which unfortunately could not be found at the county building authority. Eventually, a very nice municipal employee found it on site in the basement... In short, there were several dramas, sleepless nights (do we have to get rid of the garden?!), and many lessons learned. The most important one: never again will we buy a house without documents. Building files, floor plans, and whatever else there is—I want to see that beforehand next time and have it checked externally if we don’t understand it. And next time I look at the development plan differently, because there was a small discreet line that I, as a layperson, did not understand. That turned out to be the planting strip. Maybe everything is okay with the house, but maybe not. I would want to protect myself as much as possible. Acquaintances of ours bought a house, also somewhat naively, and the upper floor is contaminated with harmful substances. Especially with older houses, even if they look okay/manageable visually, I would be cautious. Unless you have enough money for all contingencies and can (and are allowed to!) tear down and rebuild if necessary. For us at least, the price was only realistic for a demolition object.