828210
2010-07-27 10:17:42
- #1
Hello,
we bought a house two years ago and financed it 100% (since I am a civil servant). At that time, we bought it for 160,000.00 euros and have since invested about 10,000.00 for improvements (wood stove, paving work, walk-in closet, etc.).
Now we are considering moving for professional reasons and purchasing a new property.
The problem: We do not want to afford a higher repayment (despite 1% repayment).
Second problem: We have no equity, not even to cover the incidental purchase costs.
How do you see the situation? Is it realistic, under these conditions, to actually be able to sell an existing property and buy a new one? And how exactly would that work (I once heard something about [Zwischenfinanzierung]).
I already say "thank you in advance" for your answers.
Best regards
Stefan
we bought a house two years ago and financed it 100% (since I am a civil servant). At that time, we bought it for 160,000.00 euros and have since invested about 10,000.00 for improvements (wood stove, paving work, walk-in closet, etc.).
Now we are considering moving for professional reasons and purchasing a new property.
The problem: We do not want to afford a higher repayment (despite 1% repayment).
Second problem: We have no equity, not even to cover the incidental purchase costs.
How do you see the situation? Is it realistic, under these conditions, to actually be able to sell an existing property and buy a new one? And how exactly would that work (I once heard something about [Zwischenfinanzierung]).
I already say "thank you in advance" for your answers.
Best regards
Stefan