Check purchase contract / waiver of pre-emption right is waived

  • Erstellt am 2018-12-04 21:05:41

Laynne

2018-12-05 23:43:38
  • #1

We had to postpone the notary appointment by a week at that time because the bank was still missing some documents.
When we informed the real estate agent about this, his only response was, "You can already sign now and then go to the bank with the contract and sort out everything else..." When we denied this, the house was made available to other interested parties again because we were "too slow" and others would sign immediately.

We then signed a week later and are still waiting for the bank’s disbursement because documents have constantly been missing.
If we had known all this beforehand, we would have chosen a different notary right away. Strange how much things can change over time...
 

Yosan

2018-12-05 23:45:43
  • #2
Oh wow, okay... have you already paid out of your own pocket by now, or what is the current status? I'm a bit confused about it right now.
 

Laynne

2018-12-06 00:18:07
  • #3
The whole thing is a long and confusing story that hopefully soon will have a positive ending (Schlüsselübergabe).

We wanted to sell our condominium and buy a house. We finally found a nice townhouse and were immediately pressured after the viewing to sign a reservation agreement, which was akin to a purchase contract.
A second viewing appointment was only reluctantly arranged, and we were scolded for not having signed the contract, etc...
Afterwards, the house was supposedly already gone because we hadn’t signed the contract.
But the house was perfect for us, and we added a few euros. Thus, we immediately received the acceptance, and they wanted to schedule the notary appointment within the next few days.
We were missing the financing confirmation from the bank, so we had to postpone the appointment by a few days.
This was interpreted negatively, and the sellers said they would make the house available to others again.
You could tell they just wanted to close the deal quickly and get their money.
Three days later we finally got the green light from the bank and signed the purchase contract.
Shortly after, the first invoices and additional costs became due. We waited for the bank’s disbursement and kept hearing "there are still documents missing, the case is still being processed, etc."
We requested 100% financing. Not because we don’t have the money, but because at the moment we don’t have access to it yet (selling ETW, building savings contract, etc...).
After a paperwork battle and numerous phone calls, the first partial disbursement of the loan was paid out and we were able to pay the additional costs a few days ago. The bank is now only missing two documents from the notary because he sent the documents incompletely.
After that, the purchase price would be paid out.

I can’t recommend such back-and-forth to anyone.

Is there anything, apart from the preemptive right of the city, that could later come as an unpleasant surprise?
 

Escroda

2018-12-06 08:09:33
  • #4


In case of doubt, you have to prove that the municipality was already informed about the purchase contract in October. If the notary did not send anything, the letter got lost at the post office, the authorities' mailroom, or on the desk of the clerk, the deadline has not even started yet.



It can also all be quite innocent. The longtime employee at the notary office retired in the summer, and now until a replacement is found, a legal assistant from a temp agency, who has never worked in a notary office and without proper training, has to handle everything. The seller bought a condominium with 100% financing and urgently needs the money. The broker wants to book his commission this year for tax reasons.

The city wants to increase density and needs access to the interior of the building block. It has already drawn up a development plan and is waiting for the first sale to demolish the house and begin development.

Then the notary remembers that he hasn’t even informed the city about the sale yet and then catches up on that.


The previous owner paid too little property tax for years due to incorrect information about the sealed surfaces. Now there is a back payment claim against the new owner, who must recover the money from the previous owner.
 

Laynne

2018-12-06 09:45:41
  • #5

Then theoretically I shouldn’t have received any mail from the district court, the tax office, or new land register extracts yet, right?

True, such scenarios exist. However, with us, it was the boss himself.

For a mid-terrace house? In a purely residential area?
We don’t even border the street directly, so the case "we still need a few centimeters from the property... the street/the sidewalk is too narrow..." can’t happen either.

Can we somehow check this ourselves?
Where exactly can I inquire about this at the municipality?

I haven’t thought of such a case before. But presumably, it only occurs very rarely?!

What puzzles me though: We recently completed the mortgage deed etc. with the notary and he promptly sent the documents to the bank. However, the cover letter states the following: "Based on my files and the review of today’s application list, I am not aware of any circumstances that would oppose the entry of the mortgage in the agreed ranking position.
I have not inspected the land files."
Why doesn’t he inspect the land files and why doesn’t he write directly that the bank holds the first position in the land register?
Of course, this was not conclusive for the bank either, and they require new documents.
So now it’s up to the notary alone that the purchase price is paid out...
 

Escroda

2018-12-06 10:04:31
  • #6
That depends on what has already been registered. If it’s only the priority notice of conveyance, that is independent of the pre-emption right. And the district court and tax office initially have nothing to do with the municipality. As some others have already written: The likelihood that a pre-emption right exists is quite low, and that it is then exercised is even lower. But such cases do exist (see other thread), and the negative certificate gives you absolute legal certainty in this regard and makes the necessary proof for the land registry straightforward. I don’t know your administrative structure in the municipality. Usually, the offices are called property office or real estate management. A creative mayor might have coined other terms. Just call the central office. As long as you don’t ask for personal data, it should also be possible to get information by phone. Yes, I believe so. A call to the tax office (or whoever is responsible there) will clarify. I can’t tell you. Your descriptions sound very unusual overall and that rings alarm bells for me, perhaps completely unjustified.
 

Similar topics
01.05.2013No equity / existing consumer loans / financing possible?11
22.10.2014When to finalize the financing??15
30.06.2015Question about financing (when changing the general contractor)16
23.10.2015Quick Check Financing - Purchase from Private11
18.01.2016Financing - where is the mistake?33
07.06.2016House seller cancels before notary appointment - Schufa38
20.06.2016Error in financing?280
26.02.2017Financing approved by the bank. Better house on offer.28
01.02.2017Build a small house or buy a condo?21
26.04.2017approx. indication in the purchase contract for the property21
24.10.2018Broker sells house without current building permit. Notary costs?25
24.04.2020How do brokers negotiate the purchase price?43
22.04.2020Single-family home financing through stocks39
07.08.2020Condominium purchase - feasibility study40
24.06.2021The broker does not take a clear stance on financing. How to behave?42
13.01.2021Broker fraud or tax evasion?63
23.09.2021Purchase of owner-occupied condominium - financing process12
12.11.2021Exclusion of funding / Purchase contract signed before KFW grant10
08.01.2024Single-family house from 1987. Evaluation of the price and the "necessary" work116
15.02.2024Close with a different selling price than discussed with the broker?35

Oben