Single-family house - developer rejected

Hi,

Of course, there are such criteria. If the developer goes bankrupt in the middle of construction, the bank also has a lot of trouble on its hands! They want a stress-free working life just like everyone else...

I would definitely take such a "warning" seriously and check (have someone check) the developer's financial statements. And address them openly about what that is supposed to mean!

Especially with the developer models, I would be very critical. If they go under at the "right" time, you won't even have the land.

You should definitely take Nordanney's notes to heart. It doesn't have to happen, but it can. And if there really is a payment plan with overpayments attached, then you can really only say:

Hands off!

Best regards,

Andreas

I would take the bank's statement seriously – I mean, a bank would not spread something like that lightly, see Leo Kirch...

Clearly: Look for other developers. CreditReform already has credibility!

So in terms of the payment plan, it is quite classic, billing is done after the service has been provided. Today we were at the local Volksbank, which comes from the same town as the developer, and they have no problems with this construction company... It's all a bit strange... Well, we will keep pondering. But anyway, many thanks for the tips. Regards Chris

I would also put the company to the test

Well, all alarm bells would go off for me too, and I would look for another company. Have you at least taken a look at the financial statements in the [Bundesanzeiger]?