Land purchase through a bidding process - What is the final price?

  • Erstellt am 2020-10-05 06:43:19

Ysop***

2020-10-05 17:43:24
  • #1
No matter how you allocate, there are always disadvantages. The neighboring community allocates most spots through a lottery and that's it. What annoys me more is that 50% of the spots don't even go up for sale but are marked as "Private." Those are already the best spots, which are unreachable. Then there's the bidding process and the old rest either by lottery or allocation criteria that we don't meet. There are simply too few spots here for the demand. You really need a lot of luck or a well-filled wallet.
 

11ant

2020-10-05 17:51:20
  • #2
Elect your brother-in-law to the municipal council and enjoy the insider advantage yourself.
 

FoxMulder24

2020-10-05 18:27:25
  • #3
But these could also have been plots of land as compensation. The meadow on which the new development is being built probably belonged to someone before. These former owners receive a few plots of land as compensation/payment and are of course allowed to choose them first. At least that was the case with my wife's family, 25 years ago.
 

Ysop***

2020-10-05 19:35:35
  • #4
I also guess compensation and possibly a little [Gemeinderat] Help is not available, but it is a bit frustrating. We will definitely bid, but if it goes over €450 (and I strongly assume it will), then unfortunately that is beyond what we want and can afford.
 

kati1337

2020-10-05 19:50:12
  • #5
For plots of land, I can recommend the NLG (and similar publicly owned ones from other federal states). We bought a nice plot in a new development area. We moved out of the city (plots from 350 - 800? euros, currently simply none to be found) to the countryside. My husband now commutes about 25-30 minutes, I probably about 35 minutes. Both partly working from home. For our just under 1000 m² plot, we paid 78€ per m², directly to the NLG, without broker or any fuss.
 

Tarnari

2020-10-05 20:11:25
  • #6
We conducted the bidding process ourselves. It is quite simple. The seller has a price in mind. The base is set lower. People come, inspect, bid. In the end, there is a highest bid that either suits the seller or not. There is no obligation to buy for the buyer and no obligation to sell for the seller. Thus, as already mentioned several times, bid what it is worth to you and see what happens. Then either drop out or increase your bid when outbid. If you have the highest bid in the end, the seller is willing to sell at that price, but you feel uncomfortable with it, don’t do it.
 

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