Land purchase... it's getting serious

Likewise :D But why risk? Unfortunately, I haven't felt that :( You know whether you are rated sovereignly by a bank or not. The question is not whether you can build at 2.0% and no longer at 2.2%... Accordingly, you can take some steps more relaxed if other values and factors are down-to-earth and creditworthy for a bank. Even if the property is "only" leasehold: expensive development costs and mandatory construction were expected, the main thing was that the banks accept the standstill agreement ;) Yeah, that gave me a bit of a thrill. But if not this bank, then another :cool: So, I'm a bit more relaxed about it...

That is a complex question and depends on whether you can possibly cover the property yourself with equity, how expensive it is, how advanced and certain the construction intention is, how "easy" it is to finance the overall project, and whether you can sell the property again in an emergency.

Nowadays, there are 100 people in the audience at every forced auction who are willing to buy a property without having financing secured.

Are you even sure that you are allowed to build there? Is there a development plan? It may be designated as commercial or similar and cannot be built on. I would make sure of that before buying a property (and otherwise factor in the risk).

Good evening,

Voki, you are mean, but in the worst case you are right.

I am rather grateful that he addresses it so openly.

Contract comes from "vertragen" (to tolerate), as the common saying goes; as well as the fact that I only spend what I know for sure is in my wallet. You can't emphasize that enough!

Edit .... was interrupted in my reply by an update

However, I assume that the notarial contract will not be signed anyway, unless a financing confirmation can be attached as an annex. No seller will be that stupid to engage in this kind of lottery ;)

Rhenish greetings

No one here wanted to see it... it wasn't even a topic. However: The Sparkassen broker had us "checked" by his Immofinanz guy to see if we were creditworthy – that was apparently their security ;).

I've never seen Heinis there.

I already have - don't always take it so personally. There are also enough losers in that profession - and unfortunately, that was one ;)