How to plan the process for your own single-family house?

  • Erstellt am 2011-05-15 16:27:11

perlenmann

2011-05-17 10:01:58
  • #1


What do you mean by not always? Explain that.
In the end, everything is part of one big financing anyway. Whether I finance 100k for the house and 50k for the land or 150k for the house, what’s the difference????
And it does save trouble/money, because the notary doesn’t have to register a land charge for the seller of the land as well.
Besides, you need the land first; if it’s included in the financing, I’m already paying interest from the purchase date. I paid it in cash, so I only start paying interest from the foundation slab!
 

Bonnat

2011-05-18 11:37:47
  • #2
Hello,



I don't have time to explain that in detail right now. But it should be obvious that a complex financing decision like that for real estate should be considered as holistically as possible.

It starts with personal matters ("Until about 3 weeks ago, I didn't even dream of building a house" - "surfing the internet" - "now all the money is gone" - and what happens if...? Liquidity?), continues with fundamental misunderstandings (paying cash for land purchase brings a discount) and extends to disadvantages in financing, keywords surcharge amounts, financing start for KFW loans, etc. etc.

I can only advise consulting a truly independent financial advisor beforehand and running through some scenarios.



In isolation, that certainly makes sense – but the isolated perspective does not make sense here. The money usually is not just lying around.

Best regards, Peter
 

perlenmann

2011-05-18 12:22:12
  • #3
Yes, if explaining it is too complicated for you, then I simply won't understand it.
 

Bonnat

2011-05-18 15:43:25
  • #4
Well, now don’t be upset, I did write quite a bit and mentioned some points. In detail, it is elaborate and only makes sense if you know the specific data, I think we agree on that, don’t we?
 

Schneemann2

2011-05-18 15:56:33
  • #5
I would like to understand it too, but even with these brief explanations I can't make anything of it. When does it make sense to buy a property in cash beforehand and when not?
 

perlenmann

2011-05-18 16:05:44
  • #6
But I am sulking. You may be right, but I just can't explain it. Therefore, I would like to know. I didn't just surf the Internet briefly and then intend to buy a house, I have not and will not get a KfW loan. I had an independent financial advisor, and he was quite "cool" when he heard about 50% equity. And the money was basically just lying around. So I also don't need bridging finance. So please, was it wrong to pay "in cash" (of course, I transferred it)?
 

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