Finance the purchase of land yourself in advance or wait?

Variable in the sense that the loan can be repaid completely, free of charge, and at any time. The fixed interest period just had to be registered on the bank's side. Give it a different name, but you know what I mean by variable ;)

I don’t know this construct either! Do you have it in black and white or did your advisor just tell you? At which bank was that? The interest rate is also far too low for such a borrower-friendly product.

Sounds like CAP loan

I don't know this construct either! Do you have it in black and white or did your advisor just tell you? At which bank was that? The interest rate is also much too low for such a borrower-friendly product.

Yes, everything is already completed, KSK.

Notary fees can be higher if (not unlikely in a new development area) a building obligation within a certain period is contractually agreed upon. This virtually increases the value of the property for certain reasons. In return, when buying, you can in my opinion save the [Auflassungsvormerkung] from the municipality.

Do you already know the contract terms? We had to commit to personal use under threat of a penalty payment and have a security mortgage registered in this amount (which of course costs fees again) and have a return [Rückauflassungsvormerkung] registered for if we do not build within 3 years. That also costs fees.

With us, it is also stipulated that we must start construction within three years. Otherwise, the municipality has a repurchase right.

To what extent does this affect the notary and court costs? 200€ more or less are not decisive in this case.

Is it possible to make the private loan flexible in terms of disbursement? So, plan with an upper amount now and then draw as needed.

The private loan is completely variable in amount, disbursement, and repayment. However, it will only be as high as needed to cover the missing remainder for the land purchase. Additionally, it should then be repaid upon taking out the construction loan.