SaschaL
2021-04-01 14:54:05
- #1
Thank you.
I understand that one can see all this critically – but I haven’t done anything wrong. I never claimed that the house wasn’t worth it – I just said it SEEMS too expensive to me – that’s why I’m asking here. But as I said: all good, it would be much worse if I had written: Look, bought it yesterday for 600 and you all say: Wow, good seller, worth a maximum of 500. Nobody wants that either (well, except one person). Of course it’s normal and perfectly fine that the seller tries to cover their costs + prepayment penalty and get a bonus. His plan was not to sell after four years anyway.
Regarding the target property: I could build it – all good. I just lack space and time (meaning: no idea how much longer I have to wait for "my" plot – possibly 1-2 years, then waiting time until construction starts (currently almost everywhere at least a year) and then construction time... annoying), fortunately there is no lack of money – although more is always good :) But even if I buy the house, I will acquire the reserved plot – it doesn’t hurt and they probably won’t get any cheaper. The thing is: I’m currently renting and that’s completely fine. There are a few things where I say: Moving tomorrow would also be okay – but it doesn’t have to be. So I’m relaxed. I’d be excited about it – but nothing is really forcing me.
But sure: If I buy it, I wouldn’t sell earlier than five years (that’s how I would choose the fixed interest period, ergo no prepayment penalty – then at least I have the choice once. If I then sell at the same price, I’m stuck with the property transfer tax and notary fees (50k), maintenance costs, and any renovations – but of course I would have paid rent for those five years as well. That should work out... and if the market is unexpectedly bad, then no one forces me to sell.
I understand that one can see all this critically – but I haven’t done anything wrong. I never claimed that the house wasn’t worth it – I just said it SEEMS too expensive to me – that’s why I’m asking here. But as I said: all good, it would be much worse if I had written: Look, bought it yesterday for 600 and you all say: Wow, good seller, worth a maximum of 500. Nobody wants that either (well, except one person). Of course it’s normal and perfectly fine that the seller tries to cover their costs + prepayment penalty and get a bonus. His plan was not to sell after four years anyway.
Regarding the target property: I could build it – all good. I just lack space and time (meaning: no idea how much longer I have to wait for "my" plot – possibly 1-2 years, then waiting time until construction starts (currently almost everywhere at least a year) and then construction time... annoying), fortunately there is no lack of money – although more is always good :) But even if I buy the house, I will acquire the reserved plot – it doesn’t hurt and they probably won’t get any cheaper. The thing is: I’m currently renting and that’s completely fine. There are a few things where I say: Moving tomorrow would also be okay – but it doesn’t have to be. So I’m relaxed. I’d be excited about it – but nothing is really forcing me.
But sure: If I buy it, I wouldn’t sell earlier than five years (that’s how I would choose the fixed interest period, ergo no prepayment penalty – then at least I have the choice once. If I then sell at the same price, I’m stuck with the property transfer tax and notary fees (50k), maintenance costs, and any renovations – but of course I would have paid rent for those five years as well. That should work out... and if the market is unexpectedly bad, then no one forces me to sell.