daytona
2015-06-25 18:47:23
- #1
Hello everyone,
we are about to complete the purchase of a plot of land. However, we would like to pay for the plot in 2 installments. The first about 60% now and the last at the end of the year. The reason is that we would like to "secure" the plot and did not want to take out a loan since the remaining amount would be available interest-free at the end of the year.
The question now is, does that make sense? How does it work with ownership? You can only start building once it is fully paid, right? How is access to the plot for the planner, architect, etc.?
In the draft purchase contract, the area is stated as an approximate figure, but the price is exact based on the area we want to have measured. The exact survey will provide the precise result, whereby additional area must be paid for afterwards, but a shortfall does not need to be compensated...?!
Thanks and best regards
we are about to complete the purchase of a plot of land. However, we would like to pay for the plot in 2 installments. The first about 60% now and the last at the end of the year. The reason is that we would like to "secure" the plot and did not want to take out a loan since the remaining amount would be available interest-free at the end of the year.
The question now is, does that make sense? How does it work with ownership? You can only start building once it is fully paid, right? How is access to the plot for the planner, architect, etc.?
In the draft purchase contract, the area is stated as an approximate figure, but the price is exact based on the area we want to have measured. The exact survey will provide the precise result, whereby additional area must be paid for afterwards, but a shortfall does not need to be compensated...?!
Thanks and best regards