Pay for the property from existing equity or not?

Hi!

Thanks for your first replies :-)

Construction will start in March 2014 - hopefully finished by September 2014.

The plot will probably have to be paid around mid-November.

Regards,

GTSport1982

then I would definitely have a total financing calculated. Possibly worthwhile

then I would definitely have a total financing calculation done. Possibly useful

...and then please make sure to sign within 2 weeks... no, no...!
Equity is anyway set accordingly and belongs to a total financing... whether it is liquid or tied up in the property.

Somehow, there was recently a thread discussing exactly the problem of calculating different offers and then not completing any of them. Somehow you are supposed to lower your "Schufa score"... dear OP, just search through here. Because once your house construction and financial planning are fixed, the financing now comes from cash funds ;)

...and then please sign within 2 weeks... no, no...! Equity is set accordingly anyway and belongs to overall financing... whether it is available in cash or tied up in the property.

Somehow, there was recently a thread exactly about the problem of having different offers calculated and then not closing them. Somehow, you are supposed to lower your "Schufa quota"... dear OP, just browse through here. Because once your house construction and financial planning are set, the financing from cash funds comes now ;)

Hello

I was talking about having it calculated and not signing :rolleyes: well at least you still have a 2-week cancellation period :p but yes you shouldn’t rush anything. If construction plans/cost breakdown are already known why not. If you are at the beginning of the planning phase then hands off. Still, I would have a household budget done to see what I can afford.

In the end, you want a house for 380k and only get 130 :confused: