Financing for house purchase

Good day.

We want to buy a house and have also viewed one. We have come to an agreement with the seller and have spoken with the bank, after first obtaining several offers. Meanwhile, the owner keeps asking if we can already make an appointment with the notary. They have other buyers, to whom they would definitely have to say no if it doesn’t work out with us. We told them that the financing is being arranged with the bank and the caseworker also said that it was not a problem and the financing would go through. However, we do not yet have a written confirmation, which is why we had not yet made the contract draft with the notary. But the owner says that we have the verbal confirmation and could make the appointment so that the notarization can take place before our vacation (2 weeks). Since the bank said we would receive the approval a few days before the notary appointment, we made the appointment and received the contract draft. Now it is still one week until the appointment, and we have informed the seller that the financing will definitely work, but if the approval is not there by the appointment, we will not buy, meaning we will not sign. Unfortunately, he cannot understand this and keeps insisting on the verbal confirmation from the bank advisor. And he also cannot understand that the bank wanted to see the house; back then, during the new construction (2011), he would have received approval right away and gone to the notary without presenting anything about the house to the bank. From the viewing to the planned notary appointment, including both dates, it is 30 days. (!) Is there anyone here who has experienced something similar? If we did not yet owe €1400 to the notary for the preliminary contract, we would cancel the whole thing... Al

Hello,

it should not be a problem for you to get a financing commitment from the bank at least by email IMMEDIATELY. The banks are currently in such competition that even the hint that you could also get the financing commitment from another bank should make your banker hurry.

By the way, I advise every prospective buyer not to have the notary draw up any contract draft, but to negotiate everything only at the notary appointment. This way, no costs will arise if the purchase falls through before the appointment. Notaries use standard contracts anyway, which they can adjust and print in a few minutes if there are no special provisions to be made.

Regards
P.

Our first contact regarding the construction financing was the Sparkasse / LBBW. The advisor had offered to come to us in the evening and explain the financing models. Although we did not agree on the terms or the model, she signed the financing confirmation immediately after the conversation and left it with us. After that, we negotiated for about 3 weeks and ultimately ended up there as well. So, getting a financing confirmation is not that difficult now.

Negotiations at the notary? With us, the notary wanted to cancel the appointment when we were not 100% agreed on the handover date.

Negotiations at the notary? Who would want such a thing? When you go to the notary, everything should be settled, including the purchase agreement. A notary is not paid for negotiations, is he? Can you enlighten us, lawyer?

albn80: Don't let anyone pressure you. You will sign the financing confirmation (it probably won't be enough for a loan contract anymore) at the appointment, if not, then not ...