House sale - how to approach it best?

  • Erstellt am 2017-04-24 22:54:33

Arifas

2017-04-25 07:30:26
  • #1
Yes, we will definitely not list it before October. Since we want to submit the building application before selling the house and only sell once it's approved, hopefully the construction time guarantee will work out.

We definitely do not want a complete bridge financing. The risk of having to sell the old house under time pressure at a bad price is really too high for us. It was indeed offered by the bank, but I believe as a family with several children we should play it completely safe.

We can fairly easily pay off the building application and land "on the side." But we do not want to risk a complete double burden for possibly quite a long time, plus the psychological stress of whether everything will work out with the sale.
 

ypg

2017-04-25 08:44:17
  • #2
For a sale, always allow for half a year.

Best regards in brief
 

Nordlys

2017-04-25 08:53:47
  • #3
What Alex and Yvonne say, I emphasize. Realtor....not wrong, but a single-family house can also be sold without one.
About the problem: Where are we supposed to live if the house is sold? That's one thing. Option 1) We found an apartment for rent, limited until 1.9.17. So we could sell.
Or 2) You sell, take 12 months right of residence, include the rent you pay in the purchase price, thus the buyer saves real estate transfer tax and notary fees, because the house is now 12 months cheaper in rent. Option 1) is, of course, what buyers prefer the most. Karsten
 

Caspar2020

2017-04-25 09:06:39
  • #4




"House sale" and the transfer of rights and obligations (and thus also the payment for the property) can definitely be separated in time. In one case known to us, this is now about 6 months. That means, between the notary appointment and the handover of the object, and thus the payment. Longer is difficult because of banks. Purchase of existing property rarely comes with 6 months of interest-free waiting time.



The buyer is also very happy that he suddenly has rental income.
And that he has to pay more real estate transfer tax and notary fees ;).

Assuming I want 300K for the hut.

So that I still have 300K after rent, I either have to sell the hut for 312K. That means more charges for the buyer. Or I sell for 300K, and after rent payment I only have 288K in the pocket.
 

Arifas

2017-04-25 09:17:57
  • #5
Okay, interesting to know

We are 7 people, renting an apartment quickly is not an option ;-) . If there are any delays, we could, in an emergency, stay in a holiday home...
 

Nordlys

2017-04-25 10:31:07
  • #6
So that I still have 300K after rent, I either have to sell the cabin for 312K. That means higher charges for the buyer. Or I sell for 300K, and after paying rent I only have 288K left in my pocket.
(Quote end)
Exactly like that. The contract will then state 288 thousand. The rent-free right of residence costs 12 thousand. The rent also costs that if I achieve 300 and take the apartment for 12 months. Only the tax will then be due on 288. The other is regulated in a binding side agreement. Karsten
 

Similar topics
27.10.2008Mold - Rent Reduction?11
24.05.2013Build big? Or continue renting?23
01.12.2014Real estate transfer tax / what is the tax applied to? Which developer MUST?30
11.09.2018Buy an apartment on credit and rent it out37
09.07.2017First an apartment, then build a house?17
29.11.2017Timeline of real estate acquisition tax and house construction contract20
28.10.2018Buying a house but the seller requires the right of residence - How to proceed?21
13.11.2018Grandma's house | Right of residence | Rent by oneself15
20.09.2019How to find an object (house/apartment/land) nationwide in Germany?32
24.09.2019Buy an apartment for the parents?25
01.02.2020Paying "rent" to the partner... how?135
06.06.2020Is it possible to transfer the apartment to a GbR without any issues?33
05.01.2021Renovation of an apartment in the parental home - loan, without being the owner?11
05.02.2021Property acquisition tax on house construction - when?15
02.03.2021Construction financing and support without ownership rights13
12.11.2021Purchase of an old apartment, renovation costs21
30.01.2022Unexpected sale of rented apartment. Options?72
26.09.2022Is it possible to sell the apartment and take over the home loan?16
05.08.2023Buy parents' apartment below market value19
16.02.20254 years after construction, the office also demands land acquisition tax on the house96

Oben