Buying a house without equity

Of course that's possible, we did it too. I just don't understand why it should be a 130% financing? You shouldn't have to finance more than 100%, otherwise it gets expensive.

: Because the OP asked about it?

What do you think? Would financing without equity make sense? Why we haven't saved proper equity so far,

I agree with . Have a professional/expert take a look at the property. What you must not forget is that many banks do not fully accept the expenses for renovations as value-adding; meaning the loan-to-value ratio will be even higher.

And another note. As owners who rent out, you have certain obligations. Tenants can sometimes be really demanding. You should also build up reserves for necessary maintenance on/in the rental property as quickly as possible.

Hello, my husband and I bought our house without any saved equity. We spoke with the seller and negotiated a rent-to-own agreement with him. We moved into our house as tenants and paid rent for 2 years, which was then credited to us as equity and deducted from the purchase price; of course, all of this was notarized. This worked out great for us, and we are now the owners of our little house. I also wrote about this on my DIY blog.

If you want, I can gladly tell you more details about it. Just get in touch.

Best regards, Anke

When was that? Presumably at times when real estate never went away anyway.

Hire purchase is an interesting story. But it seems rare to me. The seller has to want that, of course. Where is that still available, nowadays when real estate can be sold in no time

We moved into our house as tenants in 2015 and the final purchase was completed at the end of last year. The seller had inherited the house from his father and there weren’t really many interested parties, so he accepted our [Mietkauf] offer. Then a rental contract with purchase option was drawn up at the notary. We had previously spent a few years in the USA where [Mietkauf] is quite common. Since this topic is very close to my heart, I also wrote about it on my DIY blog to help make [Mietkauf] a bit better known here in Germany.

yes, and that is more the case in rural areas. The same applies to us in the Westerwald. People are happy when the XXXXL parental homes are bought by Turkish fellow citizens (after tough price negotiations), rented out, or when rent-to-own is possible.

A lot of vacancies