Purchase of an MHR - Financing through bullet loan + home savings plan

  • Erstellt am 2019-04-27 08:47:50

Niloa

2019-04-29 08:00:50
  • #1
I don’t know much about the legal effects of a financing confirmation. But you haven’t signed a loan agreement yet, have you? So the bank says they will finance you, but they can set the conditions afterward? I don’t want to be a party pooper, but this whole setup seems almost shady to me. The real estate agent belongs to a bank that you’re supposed to finance with. The bullet loan, which is rather unusual. The pressure from the sellers. The short time between viewing and purchase... I would think it over again to see if it’s really worth it.
 

Niloa

2019-04-29 08:04:09
  • #2
Theoretically: you do not have to have signed a loan agreement yet when you sign the purchase contract. Depending on when the purchase price is due, you still have time to obtain a loan.
 

Noelmaxim

2019-04-29 17:17:23
  • #3


What does that matter to the buyer, or to Danny87? Possibly the sellers have no children or no entitlement to the Baukindergeld. One should rather assume that the seller knows what he is doing, but for the buyer that can or should be totally irrelevant, especially since he has completely different problems.

Danny87 has a commitment with the letter from the Postbank, i.e. she can calmly go to the notary appointment and then calmly have her best financing plan put together. The document from Postbank is her security; she does not have to accept the offer if there are better ones, and these – I have already provided them elsewhere – do exist.

Regarding this, it will be the daughter of Postbank – the DSL Bank – which is quickly verified there. Only the Schufa and the property are always the unknown factors. The Schufa is quickly clarified in the scoring system, and I do not see the property as a problem given the high equity contribution.

Danny87 should only be concerned about the IB SH loan regarding the notary appointment, but that can also be quickly checked. She should rather worry about accepting the previous offer, because that is definitely – no matter which model she chooses – too expensive.
 

aero2016

2019-04-29 19:27:29
  • #4
??? Did you read everything??? This time pressure is precisely created with the argument “Baukindergeld for three children” by the seller. He has an appointment at the notary for his new house at the beginning.

But this argument is no argument at all, since the seller will not be entitled until then thanks to the land registry entry. The buyer therefore does not need to be put under time pressure but can also, for example, look at the house again with an expert. At least that would not be wrong.
 

Noelmaxim

2019-04-29 19:42:05
  • #5


Oh yes, sorry, you are right! I actually overlooked that. Thanks for the hint.

Nevertheless, I assume that the early sale is sufficient to meet the requirement "no other property in possession." If this is not the case, Danny87 gains nothing either, if the sellers think so or have been told that way – even if it is wrong.

At the core, however, it is important to clarify this and, if necessary, to point it out to the sellers; I agree with you on that. Whether this improves the arguments so that the seller does not nevertheless jump to another buyer remains to be seen or questioned.
 

aero2016

2019-04-29 19:45:23
  • #6
According to the KfW page, it is like that. Not even the transfer of possession is enough; it must be ownership. And that depends on the land register entry...

But of course it is true that this is not Danny's problem. One just shouldn't let oneself be pressured by it—and that exactly seems to have happened here.
 

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