Construction financing for house sale

  • Erstellt am 2019-09-05 14:19:11

HilfeHilfe

2019-09-05 15:17:40
  • #1


not really! especially since you don't own property. why should you build new and rent it out to strangers?
 

Alex124

2019-09-05 15:26:48
  • #2
a) Prepare the property nicely, remove bushes, hedges, etc., mow, etc.... b) Clarify the tax aspect of a sale with a consultant so that you know what might still come your way. c) Find out what kind of clientele you will be dealing with. You should know whether your property is suitable for a single-family house or a multi-family house, which makes a big difference, especially if it is near a large/expensive city. d) Offer the property and send interested parties to the address to have a look. Afterwards, everyone should submit a bid. Contact bidders placing 2-5 to see if they want to increase their bids, and if you like the price, accept the highest bid and sell. The option is of course not so "convenient" for the buyers, but this way you achieve the best possible price as a seller at the moment. If you have to pay tax on the sales proceeds and more than just a single-family house can be built on the property, a "deal" in the form of "buyer gets the property, you receive the equivalent, e.g., one or more apartments" could be interesting. If you can manage without a realtor, their commission goes into your pocket. If you have no clue about such things, maybe take someone you trust by your side or pay for such a service.
 

Tordal2000

2019-09-05 15:34:12
  • #3
Great, thank you all!
 

cschiko

2019-09-05 15:39:06
  • #4
One can only agree with that! Of course, it CAN be that you make more profit with a house you build on it. But first of all, it is tax-wise difficult (and thereby even less likely) and moreover you have the risk that the house doesn't 100% please the people and you get less out of it.

The option with less risk and with a high probability still the best return is the described way of selling the plot of land!
 

Tordal2000

2019-09-06 11:27:37
  • #5
I have one more question
Does the speculation period start from the time the property was transferred to me or from the time of acquisition by my grandfather?
Best regards and thanks again for the valuable information!
 

HilfeHilfe

2019-09-06 11:40:52
  • #6

Says the tax advisor. Has the gift also been examined? You do know that potential heirs could have access to the gift.
 

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