florlp
2017-10-10 20:34:58
- #1
Hello dear forum,
we are very seriously interested in a (still undeveloped) plot of land in a new housing development that is emerging. Together with you, I would like to list the steps that are necessary or advisable from the expression of purchase interest to the actual purchase. I’ll start:
We are currently at step 6. We have fallen in love with a plot, have already imagined what the future house could look like there, and have already informed ourselves about loans at the bank in advance. What happens next?
Land register entry?
I would like to see the land register entry. Is it common to be given a power of attorney by the owner so that one can request a copy from the office? Or do you rely on the owner’s copy that you can view from them? Do you possibly get to see the land register entry again at the notary before signing?
Agreement with the seller:
Provided there are no more surprises in the land register entry, I imagine that you would seek a conversation with the seller and make an appointment at the notary. How did you ensure that everyone could attend the notary appointment? Did you already record anything in writing before the notary appointment?
Notary appointment:
You sign the purchase contract and have x days to transfer the money. What counts as proof that you have paid the money? Does the seller report the receipt of the money and what do I have to do then to be registered as the new owner?
Development:
The development will be carried out by the municipality next year. We as the new owners will bear the costs.
When the development is completed and we have compared different providers again, we can start with the construction.
we are very seriously interested in a (still undeveloped) plot of land in a new housing development that is emerging. Together with you, I would like to list the steps that are necessary or advisable from the expression of purchase interest to the actual purchase. I’ll start:
[*]Find public announcements about new housing developments or the development of further sections in the local newspapers.
[*]Contact the municipality. Unfortunately, we have no chance of obtaining one of the few municipal plots, but we have been referred to other landowners.
[*]Decide on one of the available plots and have it reserved.
[*]View the development plan and, if applicable, the land use plan from the collective municipality / city administration (some are available online, if not, just ask).
[*]Present the development plan to an architect and roughly clarify whether the dream house can be realized on the plot considering the requirements. (This does not mean already starting detailed planning or committing to a provider/architect).
[*]Make an appointment with your bank advisor and discuss financial room for maneuver and limitations.
[*]...and now?
We are currently at step 6. We have fallen in love with a plot, have already imagined what the future house could look like there, and have already informed ourselves about loans at the bank in advance. What happens next?
Land register entry?
I would like to see the land register entry. Is it common to be given a power of attorney by the owner so that one can request a copy from the office? Or do you rely on the owner’s copy that you can view from them? Do you possibly get to see the land register entry again at the notary before signing?
Agreement with the seller:
Provided there are no more surprises in the land register entry, I imagine that you would seek a conversation with the seller and make an appointment at the notary. How did you ensure that everyone could attend the notary appointment? Did you already record anything in writing before the notary appointment?
Notary appointment:
You sign the purchase contract and have x days to transfer the money. What counts as proof that you have paid the money? Does the seller report the receipt of the money and what do I have to do then to be registered as the new owner?
Development:
The development will be carried out by the municipality next year. We as the new owners will bear the costs.
When the development is completed and we have compared different providers again, we can start with the construction.