chand1986
2021-12-07 18:57:10
- #1
Hello everyone,
today I also want to tap into collective knowledge. Here is the current situation:
We are currently renting. In roughly 4 years, we wanted to buy my parents’ townhouse, as they want to downsize around that time. Our current apartment is perfectly located both in terms of commuting and shopping and leisure value. Consequently, the plan was to rent here and terminate precisely when my parents move.
Now the owner has announced that she wants to sell the apartment. It will be offered to us via the right of first refusal (stated in the rental contract). The asking price is €3000/m2, which corresponds to the prices for new residential buildings in our area. The property we live in was built in 1994 and is in good condition, both inside and out.
The problem: The seemingly obvious solution, to rent something else and move additionally once in between, basically doesn’t come into question – we are both currently involved in recent professional transitions with high demands, alongside ongoing further training, etc. Moreover, due to the layout of the very large open space, part of the furniture will almost certainly not fit into a new place.
At the moment I see potential loss of equity lurking everywhere, threatening to thwart our plans for my parents’ house.
Of course, I have already made a (short) list of remaining options and have appointments scheduled with two local banks for advice, which are still pending. Above all, I want to know the value of the apartment in the eyes of the banks.
To avoid being suggestive, I will not mention my own thoughts first, but instead hand over the open question to you:
What do you see as smarter and less smart actions here? What options do you generally see?
I know, actually only what can always happen has happened here – albeit with timing that can be called “suboptimal.”
today I also want to tap into collective knowledge. Here is the current situation:
We are currently renting. In roughly 4 years, we wanted to buy my parents’ townhouse, as they want to downsize around that time. Our current apartment is perfectly located both in terms of commuting and shopping and leisure value. Consequently, the plan was to rent here and terminate precisely when my parents move.
Now the owner has announced that she wants to sell the apartment. It will be offered to us via the right of first refusal (stated in the rental contract). The asking price is €3000/m2, which corresponds to the prices for new residential buildings in our area. The property we live in was built in 1994 and is in good condition, both inside and out.
The problem: The seemingly obvious solution, to rent something else and move additionally once in between, basically doesn’t come into question – we are both currently involved in recent professional transitions with high demands, alongside ongoing further training, etc. Moreover, due to the layout of the very large open space, part of the furniture will almost certainly not fit into a new place.
At the moment I see potential loss of equity lurking everywhere, threatening to thwart our plans for my parents’ house.
Of course, I have already made a (short) list of remaining options and have appointments scheduled with two local banks for advice, which are still pending. Above all, I want to know the value of the apartment in the eyes of the banks.
To avoid being suggestive, I will not mention my own thoughts first, but instead hand over the open question to you:
What do you see as smarter and less smart actions here? What options do you generally see?
I know, actually only what can always happen has happened here – albeit with timing that can be called “suboptimal.”