Plot with some special features - various questions

Expanding the search radius is out of the question for us. In the worst-case scenario, we are even willing to keep renting instead and stay living here where we are now (it’s roughly the same location as the plot).

I would say you haven’t been searching long enough with that attitude

Allegedly, negotiations are already underway with a developer who wants to build a multi-family house there....

That might well be true; I wouldn’t want to rule it out; it also fits the sale price.

Your advantage here: the developer will hardly buy the plot outright but will negotiate with the seller about selling off the parcels individually. It could also be that condominiums are planned, in which case he (I wouldn’t do it any other way) would sell off first and then go to the notary. In both cases, the seller waits quite a while for his money. So if you find a second buyer faster .....

... let’s wait and see.

I wouldn’t recommend that if your heart is set on the plot!

Rhenish greetings

I would say, with this attitude, you haven’t been searching long enough yet

What do you mean by that? We want to continue living in this part of Cologne and are absolutely not willing to move further away. Buying a house is not a must for us and we also see it less as an investment and more as the highest form of consumption. It certainly makes more financial sense to keep renting and invest the money well diversified in securities. We would rather limit ourselves if necessary and continue renting where we currently live. We don’t live badly at all but if we acquire property, everything has to be 90-95% right and that is never the case with a semi-detached house. If something no longer fits with neighbors etc., you are out after three months, with ownership it is no longer so easy.

Your advantage in this: the developer will hardly buy the plot, but rather negotiate with the seller about selling the parcels piece by piece. It could also be that condo units are planned, then he (I would not do it differently) would first sell off and then go to the notary. In both cases the seller waits quite a while for his money. So if you find a second buyer faster .....

No, he only has developers for an apartment building on hand, someone who wants to buy the entire plot.

I would not recommend that if your heart is attached to the plot!

I haven’t been searching for very long yet but still believe that this is a pretty good opportunity that is not easy to find. I would want to find someone interested in the second half of the plot. I had hoped that more experienced users here might have a tip or two on how I could proceed. Friends and relatives are out of the question. Basically it probably only works somehow over the internet... Anyone got an idea?

For me, it was especially interesting to find out if anyone has an idea what I could do to find another interested party. Then you can still negotiate with the seller regarding the purchase price, demolition costs, etc.

Just place an ad on one or more real estate portals where you describe the (shared) property.. Then people will come to you

Or you hire a real estate agent for it, but in the end, they have to be paid..

Just place an ad on one or more real estate portals where you describe the (shared) property.. Then people will come to you

This is only possible with the express consent of the seller!

Rhenish regards

Good evening,

What do you mean by that?

You describe it further down: You have not been searching "that" long yet. I have been in the job long enough not to miss that.

If it were different and accordingly your desire for ownership were manifest, you would also look around in other corners of or around Cologne. There are very nice areas there; also cheaper than the offer you are interested in.

We simply want to stay living in this part of Cologne and are absolutely not willing to move further away.

That is a statement I do not hear all that rarely. However, quite a few of my clients have decided—after a long search for THE plot—to expand their search radius; often building quite far from the place of desire.

It certainly makes more sense to keep renting and to invest your money well diversified in securities.

Yep

If something no longer fits with neighbors etc., you are out within three months; with ownership, that is no longer so easy.

That is comparable to a long-lasting, good marriage. The partner wants to be taken seriously and respected; if togetherness becomes a habit or one of the partners remains single in the relationship, the partnership breaks down. Meaning, as soon as you own a property, you treat your neighbors much more considerately

No, he only has developers for a multi-family house at hand, so someone who wants to buy the entire plot.

To then do what? Sell condominiums? And pay capital gains tax for that? Rather not

I have not been searching that long yet but still believe that this is quite a good thing that is not often found. I would want to look for someone who is interested in the second half of the plot. I had hoped more experienced users here might have one or the other tip on how I could proceed.

Whatever you intend cannot happen without the seller’s consent. I deleted the listing, so I do not know right now whether a realtor is involved. If that is the case, the seller has certainly entered into contractual obligations. Therefore, the realtor would not be amused if the conditions were changed unilaterally.

The most elegant way, in my view, is to adjust the listing accordingly. With the tenor that one partner has already been found. Then 600 THOUSAND euros is still a lot of money, but not 1.2 million

If the seller agrees, you can feel free to inform me, and I will see if I can do something for you.

Rhenish regards

We want to continue living in this part of Cologne and are absolutely not willing to move further away. Buying a house is not a must for us and we see it less as an investment and more as the highest form of consumption.

I read this often: we don't want to leave here, we like it. Friends live next door. Parents around the corner from my wife.

after a long search for THE plot - decided to expand their search radius; often built quite far from the desired spot.

If you want to choose from more offers, that is, want to have options, then you also have to try your neighbor's cherries – they might not taste better, but also good

therefore I currently don't know if a broker is involved.

Nope, it's private!