Determination of the mortgage value for favorable land

2019-11-02 21:09:15

We bought it through the municipality. The standard land value was about 15% above the purchase price, market value (provably, because we resold a piece) at well over double the purchase price. It was mainly about the equity ratio for us, but no chance. We told the banks we already own a property, unencumbered, which we want to contribute as equity. Everyone only wanted to know the purchase price (the acquisition date is evident from the land register). Our presented cost breakdown based on the standard land value was immediately corrected by every bank.

Nonsense, even a municipality has nothing to give away. They wouldn’t sell a property that is supposedly worth double.

2019-11-02 22:49:13

What do you want to hear now? The purchase price is in the contract, the BRW is published, and the sale price one year later is also in the notary contract.

2019-11-02 23:09:52

This is called the local model. It actually still exists. But it is controversial.

2019-11-02 23:16:07

No, it was free sale. We are not locals there.

Maybe it’s simply due to the fact that with a larger supply from the development of a new residential area, the same price cannot be achieved as later, when our offer was the only available building plot in the city.

Nonsense is quickly said.

2019-11-02 23:36:42

So you bought the property at approximately the standard land value. A 15% deviation from a standard value is practically no deviation. Is the standard value higher today? Maybe the buyer who bought that part from you simply paid too much? It is plausible to me that the bank bases itself on the standard value or your purchase price. You cannot provide proof that the land value is generally different.

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Determination of the mortgage value for favorable land

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