Transfer of an unrenovated house - experiences, tips?

2018-09-18 15:09:19

However, here only the renovation needs to be financed, as the saved purchase price corresponds to the right of residence (which therefore does not need to be financed either).

However, the brother also has to be paid out. And the question is how well the family gets along.

The house is valued in its current condition (at whatever value). Why should the brother accept a decrease in value due to the right of residence (if he is difficult)? The question is therefore what value the house has now for the dispute between the two children and, on the other hand, what value it has for the bank after the transfer and registration of the right of residence. If the family gets along well, this is no problem at all.

However, we can only look into the crystal ball here, as we have no values at all.

2018-09-18 17:09:08

Why should the brother accept a loss in value due to the right of residence

The house is of course valued before the right of residence when it comes to determining the payout to the brother. In the event of inheritance, the right of residence of the mother expires upon her death, so the sister then has a house no longer encumbered by it, and logically the brother’s share of the inheritance (which the payout is meant to replace) is not encumbered by it either.

2018-09-18 18:15:59

Brief note on this:
In the context of the current [Baukindergeld] subsidy, it should be noted in my opinion that it is not a gift, but a purchase.
Although this should at least partially apply due to the partial payment to the brother, it should definitely be clarified with the [KFW].

2018-09-19 10:34:39

How well do you get along in the family? If very well and it’s not about a few euros more or less, then just estimate a value for yourselves. Done and dusted.

If you want it precise and also want to properly evaluate the right of residence (depending on your mother’s age, it may well be that her apartment no longer has any value), then go to an expert.

Notary fees for the transfer are manageable. Tip: transfer from mother to you does not incur real estate transfer tax. To your husband, it does. So maybe first transfer the whole property to you and then half to your husband (then also no real estate transfer tax).

Thanks for your opinion and the tip!
We get along well. And basically, I can hardly imagine that he’s making a fuss about it. His wife and he plus children live in the parents-in-law’s house, or rather the house already belongs to my sister-in-law. So they have already dealt with the topic of transfer and payout on that side...

But of course, one has also seen horses vomiting in front of the pharmacy...

2018-09-19 10:36:18

Sorry. I somehow quoted incorrectly :)

2018-09-19 13:29:40

Thank you again for the suggestions and advice. We will certainly get in touch again regarding various topics here :) It's practically just getting started...

Similar topics
28.10.2018	Buying a house but the seller requires the right of residence - How to proceed?	21
13.11.2018	Grandma's house \| Right of residence \| Rent by oneself	15
11.08.2020	"Uncooperative" (unused) housing right causes problems	20

Transfer of an unrenovated house - experiences, tips?

nordanney

11ant

Musketier

Merymery

Merymery

Merymery