House purchase and house construction - What can we afford

I strongly advise against Interhyp etc., since they receive their fees from the bank... but with your background, I probably don't have to tell you that anyway ;)

That's nonsense. Construction financing is so easy to understand for any layperson that even a guy from Interhyp can't pull the wool over your eyes – no matter where he gets his money from. Therefore, it makes little sense for him not to present his best offer. Fee-based advisors make sense for investments or insurance, not for financing.

If you believe that banks altruistically give up a part of their margin, then that is okay, and on the other hand, if intermediaries also sometimes present an offer that is (for them!) cheaper in a slightly better way (can you check whether they really present you the offer that is 5bp lower but offers less commission?), then hold on to this belief :)

If you believe that banks altruistically waive part of their margin, then that's okay, and on the other hand, brokers also sometimes present an offer that is more favorable for them(!) in a better light (can you check whether he really presents you the offer that is 5bp lower but offers less commission in return?), then you may keep this belief :)

But brokers also know that they do not have exclusive rights to the advice. For that reason alone, they will put their best offer on the table because they know that otherwise the customer might conclude elsewhere. We had pretty good experiences with Interhyp for the second house. Both the offer was unbeatable (we compared, also with local banks) and the advisor's tip to hurry with the documents because interest rates would rise the following week. And that turned out to be true.

Financially, probably no one here can tell you what is best for you. With this framework, it’s not about the "if" but only about the "how." A much more exciting question is the "what." Have you already looked at what properties are offered in your desired area?

that is a very exciting question – we have now come onto the path of buying because we hope that the market is currently a bit more "friendly." Here in the greater Munich area, it’s simply war. Some rundown 70s houses for 1.3 million. Here, sometimes developers are cheaper than a used (smaller) old house 30m away.

Regarding fee/no fee advisors: I would rather see the service in financing as consulting regarding the structuring – after all, it is a more or less transparent market. As long as the guy is independent, he may also gladly earn from the commission / it does not necessarily have to be a net rate then. For the tip in the Munich area I would still be thankful, you can always listen to the colleague :-)

The structure is relatively simple: annuity loans with the desired term and, if applicable, additional promotional loans can be included. Solutions with [Bausparvertrag] etc. serve only to maximize the commission, but rarely to protect the customer.

that is a very exciting question - we have now come onto the path of buying, as we hope that the market is currently a bit more "friendly." Here in the Greater Munich area, it's simply war. Some run-down 70s houses for 1.3 million. Here, some developers are cheaper than a used (smaller) old house 30m away.

Regarding fee/non-fee advisors: I would rather see the service in financing as advice regarding the structuring - after all, it is a more or less transparent market. As long as the guy is independent, he may happily earn the commission / it does not have to be a net tariff. For the tip in the Munich area, I would still be grateful, you can always listen to the colleague :)

Great, I’m still not allowed to send you private messages... Great forum system :oops:
Just google Kanzlei Honorarberater Prinzregentenstrasse – you should find him there, I think.
For us, in the end, the house bank was the cheapest, but we still assigned him.

Relatively similar situation as with you, loan volume about 2m, about half of that through equity or existing properties, which are then planned to be sold.

In July, we agreed with the seller on a price >20% below the one listed on Immoscout.