Is a new building realistic?

he could also insist that the financing must be secured at the time of contract signing. that way, there is a longer period during which no commitment interest has to be paid...

Does he have any disadvantage because of that (he will get rid of the house either way, the demand is there. So he won’t be left with it if we back out before construction starts [probably a corresponding penalty payment will be due if we back out, so that he comes out with a profit])?

We just said that if we finalize financing now, the interest-free provisioning period before the construction end has expired (at most banks 12 months). Since we have nothing to give away to the banks, we had asked for a solution.

[probably a corresponding penalty payment will be due if we back out, so that he comes out with a profit])?

The disadvantage is that he does not have 100% certainty of getting the money.

In case you back out, he has to endure all the effort again (advertisements, viewings, contracts, notary appointment). That does not mean that every interested party can also buy.

Or he covers all this with a penalty payment, which (I believe) every developer/seller has in their contracts.

Unfortunately, you cannot foresee by how many percent interest rates will rise or fall, whether financing already makes sense now and then paying arrangement fees, or actually waiting and then securing a higher interest rate. But that would have to be calculated by regularly comparing the conditions. You can always strike when the trend of interest rates rises.

The developer offered us that the financing does not have to be completed immediately but before the start of construction,

(Without having read the entire thread). When is the purchase agreement supposed to be signed? Does the developer require proof of financing before signing the purchase agreement?

The royal road IMHO in the general case: 1.A Clarification of all open questions regarding the developer contract (no signature) 1.B Clarification of the financing (no signature) 2. Arrangement of the notary appointment 3. Financing application (signature), so that the financing commitment is available shortly before the notary appointment (the bank will need about 10 working days, more or less ...) 4. Notary appointment and signature 5. Construction start as soon as possible (critical: processing of the building permit, possibly also processing of the land issues --> here you depend on authorities and are thus in God’s hands).

Once the purchase is made, the loan agreement can still be revoked within the 14-day withdrawal period.

How is it supposed to proceed with you?