Credit check - obtain an economic report from the property developer

Hello,

where can I quickly, easily and cheaply obtain a business credit report? Preferably online.
I want to check the creditworthiness of the developer for safety reasons before I sign the purchase contract in the next few days.

Thank you very much.

Three credit agencies, four opinions, none of which is "guaranteed." Many balance sheets are not worth their stamps. A completion guarantee will give you more genuine security. There are no insolvency probability weather forecasts, at least never reliable ones.

Where and how does one obtain the completion guarantee?

Where and how can you get the completion guarantee?

From the construction company. There are two forms: with a bank guarantee, their bank stands behind it, with the construction guarantee insurance, an insurance company does. A third option is to link the payment plan to the construction progress. However, in the case of a "construction stop" due to bankruptcy, this only means that you don't lose any money for parts not yet built. You then do not have the guarantee that they will be completed under the agreed conditions.

Such securities are paid for by the contractor (after all, they cost him money too). The darker his chances of survival, the more expensive such a thing becomes.

Look under [Bundesanzeiger] on Google... you can get information if you mess around a bit

Regards, Yvonne

Hi,

thank you very much.

Can someone take a look at the balance sheet of
KONVENT Bau und Boden GmbH Oberhausen in the Bundesanzeiger.

What do you think about it?

Is there an insurance I can take out against his insolvency? I mean if he goes bankrupt during the construction phase.