Purchase opportunity single-family house from the 80s - risk?!

  • Erstellt am 2022-10-17 11:37:43

Alibert87

2022-11-11 13:03:16
  • #1


I would like to :) But no. Negotiations are still ongoing, or rather I'm actually waiting for a "small" interest rate drop so that we can reach our desired rate. Especially since I would like to speak with the seller personally (no appointment was possible at the moment).
 

hauskauf1987

2022-11-15 09:18:44
  • #2
If time allows, go for it! Our houses were gone within 20 minutes, there was no waiting :O
 

Alibert87

2022-11-17 10:01:56
  • #3
One more question to the group: We are planning about 100TE for modernization/repairs. What is the most sensible/cheapest option for how we should handle our building savings contract (30TE funded, 30TE blank loan possible, building savings loan would be max. 70TE at about 2.2%, can be paid out on 01.02.2023

1. Take the 100TE modernization directly as a loan and include the building savings contract 30TE plus 30TE blank. Here I don’t know if the bank will accept the building savings contract, since it will be paid out in Feb. 2023
2. Do not take a loan for the modernization. This will be covered by the entire building savings contract. -> Drawback: overall burden is higher because the building savings contract has to be paid off faster
 

Alibert87

2022-12-02 21:23:26
  • #4
So friends of good decisions: we have been awarded the contract (if we want) I was able to negotiate down to 520TE.
What now, should we do it? We have been looking for a good 3 years now, and the current general situation (interest rates, costs in general rising, etc.) is not so rosy. But who knows if it will get better?!
Does anyone know if it is possible to start renovations before the notary appointment?
Will the bank cooperate if there are invoices that were made before the notary purchase?
 

hauskauf1987

2022-12-03 07:45:19
  • #5
Buy!
Interest rates have fallen by almost half a percent, so you have your desired price, so why not?

Renovation before the notary? a) The seller won't agree to that, and b) it also doesn't make sense, why?
 

Buschreiter

2022-12-03 08:09:32
  • #6
We were at least able to send the craftsmen through the house before the notary appointment so that they could write their offers. We then had the first electricians, etc., in the house directly the day after the appointment. It was a matter of negotiation with the seller and led to a complete renovation within 6(!) months. And that in difficult times…
 

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