Construction financing and contract with the developer

Now I am asking quite specifically again:
The property developer gave the impression that without a signature there will be no written (offer). So I may assume that this approach is not correct?

We told him that we want to have the contract reviewed by a lawyer. That was no surprise for him and he gave us a blank contract. He said that we can have it reviewed. He also gave us two additional forms, which represent an extension of the contract, a right of withdrawal. One in case the bank says "no" and one in case the property is gone and we have to look for a new one.

In itself, this all sounds quite trustworthy. But the offer issue somehow bothers me. You should be able to compare and have the contract reviewed before signing.

Do you really find that trustworthy? I already received a breakdown of the costs after the first conversation. I was able to take that to the first appointment with the bank so they would know where the journey is heading. Now, when it’s getting serious, we have received a "preliminary" contract. It contains our additional commitments and also the price we will ultimately pay. Otherwise, the bank advisor would have smiled at us politely, but we definitely would not have received an offer.

That really seems like "I need the signature."

By the way, is it a developer? Doesn’t sound like it. Developer means they own the land, build a house (that they want), and you can then buy a "finished piece of house on land."

Hi,

I don't find that trustworthy at all and would already start looking for another developer or general contractor. Has he also given you a blank payment schedule? What does it look like? 60% after completion of the shell construction?

We received a "non-binding total cost estimate" from all requested general contractors in advance, which we took with us to the bank.

By the way, is it a developer? Doesn't sound like it. Developer means they own the land, they build a house (the one they want) and you can buy a "finished piece of house on land" afterwards.

Okay, learned something new again. I thought that meant developer. Then put differently. It is a company from Bavaria that offers prefabricated houses. You have to look for the land and the foundation slab yourself.

Have you even received any form of offer?

No, nothing so far. We have already had some conversations. During these, they talked about the plots of land that became available during that time. He then always did a bit of calculating on a piece of paper. Now we have a specific plot and he wants to make an offer on it. However, he also immediately talks about signing the contract. That all seems a bit too "fast" for me, because I also want to check with the banks first before I sign anything.

The construction company itself doesn't seem bad. Many good reviews in various forums. But the pace at this point I find somewhat unsettling.