Thank you for your hints. The property is included in the 500000. I know what that costs. There are now a few options on the table. Thank you for that.
However, it will be difficult to find a buyer who agrees to that. I see the 12-month right of residence as rather unproblematic, but no reasonable person would make the purchase payment before handover. The clean solution is to sell, store the stuff, move into an apartment.
However, it will be difficult to find a buyer who agrees to that. I see the 12-month right of residence as rather unproblematic, but no sensible person will make the purchase price payment before handover. The clean solution is to sell, store the stuff, and move into an apartment.
It depends on the situation. Here the demand is huge – the supply tends to zero. Old buildings are traded here at values that really make you feel sick. I tend anyway to define a shorter right of residence – if necessary at all. The actual transfer of ownership would of course be correspondingly earlier (= after payment), from then on we would only be (temporary) tenants. Whoever wants our house – and the demand is really grotesque – will also accept that – especially since they then get a lower price. I also have to look at the whole thing from the perspective of the ongoing mortgage contract or rather I have to arrange the extension so that the sale coincides temporally with its expiration. Nevertheless, I will discuss the (transition) financing on site with a bank – there is no real reason not to grant a short-term loan. On the other hand: a timber frame house goes up quickly. The question then is how long the interior work will take. One must definitely consider the option of temporarily moving into an apartment on site – and that would have the immense advantage that you can keep an eye on the whole thing during construction (especially the interior work) (when building our current house I was on site EVERY day – but it was a conventional build). First of all, the deal with the land must work – and that still takes its time (development plan not yet approved).
No sensible person will make the payment of the purchase price before handover.
You will surely find someone for whom the land register entry is sufficient (I know Swiss law, but I assume the difference between ownership and possession is known there as well). Not everyone who buys a house wants to move in there.