Subcontract before purchasing the property?

According to the building authority, the land registry entry in Baden-Württemberg is done online. Therefore, they assume that this will be registered within the four-week payment period for the purchase price of the property and that the loan disbursement can begin promptly.

However, the change in the land register only takes place once the property transfer tax has also been paid. Payment of the purchase price alone is not sufficient for this.

I would definitely factor in the possibility that no excavators will be moving before March 20. If it still works out this year, all good, but I consider it very unlikely. Do you even have a building permit yet? That can also take months depending on the state and municipality.

I would definitely include the possibility that no excavators will roll before March 20. If it still works out this year, all good, but I consider it very unlikely. Do you even have a building permit yet? That can also take months depending on the federal state and municipality.

We were just at the general contractor this week and discussed the schedule. If the contract is signed in the next four to six weeks, it will still fit into this year.

Since there is a development plan (new development area), we only need a building application under the simplified procedure. This is cheaper and faster. The building authority we visited yesterday supports us for a quick start since there are no building applications yet for the new development area.

However, the change in the land register only takes place once the real estate transfer tax has been paid. Simply paying the purchase price is not sufficient for this.

Don’t take the issue of registering a land charge lightly. It’s not just 4 weeks. Just because the transfer to the district office works digitally doesn’t mean they work faster. The usual time is 2-3+ months. For me, it took more than 3 months. Without the bank’s land charge registration, there is no disbursement of the loan.

Of course, you can do it via the pledge of the conveyance note, but a) you have to go back to the notary for the land charge registration (which of course costs), and b) the conveyance note also costs.

You see all this too positively. There were exactly 2 things I couldn’t influence during the construction. Exactly the situation with the land register entry for the bank and the neighboring construction site that delayed the start date.

So take off the rose-colored glasses and align yourself with the usual time (comment by Lumpi) or go via the conveyance note. You can also just wait and see, but if the general contractor starts and the loan isn’t ready for disbursement, it’s first a stop, then possibly over the winter?!

Good Luck!

We have received €50k from the loan in advance without a mortgage. More than that was not possible.

You know what you still have to pay, if you can manage with the equity for the next 3-4 months I don't see a problem now.

Best inform yourself with as many friends/acquaintances/family members as possible who live nearby (preferably in the same municipality or at least in the same jurisdiction regarding the land register and real estate transfer tax) about how long the whole process took.

For example, with us, the notice for the real estate transfer tax came faster than the payment request for the purchase price of the land. Overall, it didn’t take that long... signed with the notary a few days before Christmas (but after New Year's the notary no longer worked) and construction started in mid-April after everything had been finalized for several weeks... we had already submitted the building application (also simplified) before we were officially registered in the land register.