Sell old house, build new house with the money - experiences

  • Erstellt am 2024-09-22 13:31:33

Singelküche

2024-09-22 19:42:20
  • #1
In my case, it was stated as § without an amount in the purchase contract. I don’t believe the buyer had to pay more at the notary because of that.

Actually, it only postponed the handover of the keys; the transfer of possession was confirmed as usual upon receipt of payment.

Even my banker was impressed; he always has all contracts reviewed by a colleague before signing.

The buyer’s financing bank also approved it without any complaints.

The bank already knows the value of the property anyway.
 

nordanney

2024-09-22 19:58:28
  • #2
Yes - the purchase price from the contract. Usually 10% less = lending value. If the purchase price is low, the value of the property is low. And if you thereby, for example, jump from 79.5% loan-to-value to 80.5%, the "trick" can backfire badly due to worse conditions. Yes, this actually happens in practice when the buyer only has dollar signs in their eyes because they can save taxes.
 

Rafi911

2024-09-22 20:07:48
  • #3


That would be great, but who buys a house and lets the old owners keep living in it?
 

Rafi911

2024-09-22 20:09:41
  • #4


Yes, I even built the house myself ;-) Thank you, that is a good tip :-)
 

nordanney

2024-09-22 20:46:00
  • #5
The one who wants to have the house. It's quite common nowadays and I've done it myself twice already.
 

ypg

2024-09-22 21:57:13
  • #6
The buyers of our former house. We were allowed to continue living there for 8 more months. Rent-free, since it was not rented out.
 

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