The purchase decision has been made - what happens next?

Hello everyone,

since I still can't make sense of the abundance of different information, I will now try it here.

The current status is as follows:

We have viewed a potential house. Both the house and the sellers are likeable, and we have decided that we want to buy the house. After discussions with Interhyp and my house bank, we now have 6 non-binding offers for financing – two of which are suitable for us. Today there is another appointment to specifically discuss these two offers.

But what happens next, concretely? Do we first have to conclude a fixed loan contract, and then go to the notary with the seller so that a draft purchase agreement can be made? Or does the notary appointment take place before concluding the loan contract? Or do you go to the notary with a loan commitment from a bank, and once the purchase agreement is signed, conclude the loan contract? Or is it done completely differently?

Could someone please shed some light on this?

Thanks :)

Hello,

how to proceed is entirely in your hands. There are no binding guidelines on which step to take next.

However, I would recommend the following approach:

1. Inform the sellers that you want to buy the house and are currently in the process of arranging the financing.
2. Choose the optimal financing for you.
3. Request a (binding) financing confirmation from the financing institution.
4. Clarify the processing time for the loan application.
5. Request a draft purchase contract with a payment deadline matching point 4.
6. Sign the loan application.
7. Sign the notary contract.
8. Sign the loan agreement.

Points 7 and 8 can also be done in reverse order.

Personally, I would never sign a real estate purchase contract if the financing is not yet secured (binding financing confirmation).

Regards,

Dirk