Multiple offers for construction financing bad for Schufa?

Hello,

I have two questions - please don’t laugh at me ;) I am still quite clueless:

1. Is it correct that it is recorded with Schufa if I make inquiries at several local banks to find the most favorable construction financing offer for me?

This was told to me by a real estate agent. Specifically, she recommended going to a local bank instead of anonymously online, as her clients usually got better deals at local banks than online. However, she mentioned as an advantage of online brokers that their inquiries, unlike possible personal inquiries at local banks, do not affect Schufa.

I am confused. Is that really the case? I always thought that a credit is only listed at Schufa when I sign a binding credit approval with the bank – and not already when I am given an offer.

2. Is it common with credit brokerage via online consultation that the inquiry only runs until the first bank responds with a financing offer? This was told to me by the online broker and explained by the existence of a kind of honor code: that the other banks are not kept working on the inquiry unnecessarily once an offer is there. But that seems very strange to me, as I then have no opportunity for comparison if I only have one offer.

What do you think?

Best regards

No, both of these are quite nonsense.

1. There are 2 different inquiries at Schufa, a conditions inquiry and a credit inquiry. The former is meant to be used to make you a concrete offer and is not stored. The latter should only be used when an actual loan is to be concluded and the bank intends/should give the approval. These inquiries remain stored, I believe for 4 weeks, and (there are different statements about this) may also affect your scoring.

2. It would be pretty pointless if you want "the best" offer and always only get "the first quickest from any bank." It may be that some people work like that, then they are the wrong intermediary for you. Usually, a few banks with the best conditions (not just interest rate, but also your other needs) are filtered out in a preliminary inquiry and then concrete inquiries are made there.

If you encounter such a statement as above, just go to the next intermediary. At Focus, for example, there is also a current conditions comparison, where you can then also inquire directly at the banks.

Hello Glücksdrache,
that is very helpful. Thank you very much for that. It was then my mistake to rely on a single advisor.
That's how you learn.
Best regards

Everything your real estate agent says is nonsense. You can hardly trust her in any other matters either. She is just pushing you to buy quickly.

Do you already have negative entries in your Schufa? If not, you can totally ignore your score because it will not affect anything in your life anywhere. Even your mortgage loan is priced independently of the Schufa. They only check whether your previous information is correct or whether you, for example, have withheld loans from the bank.

Do you already have negative entries in the Schufa? If not, your score can be so irrelevant to you because it will not affect anything in your life anywhere. Even your mortgage loan will be priced independently of the Schufa. They only check whether your previous information is correct or whether, for example, you have concealed loans from the bank.

That is a blanket statement that is not correct as such. There are banks that do include the Schufa score in the overall assessment and thus also in the design of the conditions.

described it very well. However, it does actually happen that some manage to make a loan inquiry instead of a conditions inquiry.