Psychology of Buying / Overcoming

You are always wiser in hindsight, and buying over the phone? Yes, if your name is Rockefeller. It can also end sadly with a worthless property. Such mistakes as an average person can be afforded once or not at all. For people like me, who simply have no expertise in the area, this is Harakiri.

Good that way , that is often Harakiri for others, too. With rejections, viewings, and searching, you eventually get a good feeling for the whole thing, to then make the right decision sometime. I don’t believe in the "The One and Only" anyway, but rather that you can make something out of what you like. In my opinion, it is more helpful to break away from rigid parameters because you often didn’t even know that you might like this or that.

If you search systematically over a longer period, the growing market overview definitely helps you to make a good decision. In addition, we did not have to think long about which offer to enter in a bidding process - unlike some competitors, we knew the land prices in the area very well. Searching and also failing therefore helped enormously.

The fundamental decision and thus the "overcoming to purchase" was, by the way, for us a matter of alternatives - the rental market in Berlin is difficult and will not become easier under RRG, the market for houses to rent is tight, the market for really nice houses for rent is practically non-existent. Ultimately, it remained only to buy or build. The land worked out first, so build.

After that, we tried to minimize the risks for ourselves - reputable home builder, personal references, majority of the construction sum only after house handover. It remains a concentration risk, of course - but you have to find ways to deal with it.

I had a conversation with an independent financial advisor at the beginning of the week. I explored the boundaries here. I would like to present in more detail this evening with regard to your feedback. I would have the possibility to obtain a mortgage certificate, with appropriate proof of equity, etc. Would I have a pole position for a "spontaneous" house purchase with this, or is it a pointless paper/advertising gag?

Only do business you understand or whose possible negative consequences do not bother you. Do you understand the mechanics of the offer?

Mortgage Certificate

What is that supposed to be and what does it say inside?

Yes, I understand.

According to my information, I can prove to be eligible to receive a total amount X as a loan (after budget/credit check).