Construction contract before financing

I personally would not sign anything if the financing is not yet in place.
That is, if I do not have a loan agreement.

Hello,

but I have received the information that documents from the architect (e.g., volume calculations) are required so that the bank can calculate and evaluate the offer. However, the architects only provide these documents after the contract has been signed.

Really a dilemma....

Best regards

but I received the information that documents from the architect (e.g., volume calculations) are needed so that the bank can calculate and evaluate the offer. However, the architects only issue these documents after the contract is signed. Really a dilemma....

Let me tell you how it works for us. Option 1: Prospective clients first go to our independent mortgage broker (longstanding partner) and clarify their budget as well as all questions regarding financing. Based on the financial possibilities and wishes, we create a floor plan that also meets the requirements of the development plan. Once the mostly final draft is found, it goes to our calculation department and is sent back with an offer. If the price and features are within the desired range – and the chemistry is right – the contract for work is signed. During the processing time regarding the order confirmation, our – then – clients receive all necessary data to finalize the loan agreement. Option 2: In cases where prospective clients have already approached their own financiers, it depends crucially on the later financing institution (the process toward the floor plan remains the same). Mostly, volume calculations and KfW certificates can be submitted after the contract for work; currently, in my opinion, there is only one financial institution that requires a contract for work before it calculates. So in both options, it is possible to receive reliable information from the financing institutions without a contract for work. This is because the commitment is preliminary; only with the contract for work as well as volume calculations and online form 153 must it be confirmed. I would advise you to speak with your financing bank that you feel uncomfortable signing a contract for work before you know your financial framework; which should be understandable. Then see what they tell you. If it is that one institution that strictly follows instructions, I would look for another financier. Other mothers have interesting daughters too. Remember: Pressure is a very bad advisor! Rhineland greetings

Thank you! That helped me. That's how I'll do it.

thank you! That helped me. That's how I'll do it.

also feel free to contact mediators too!°

I wouldn’t sign something like that either. You might also consider joining [Verband Privater Bauherren] or [BHS], they are very helpful with these issues, preferably before anything is signed!