What to consider when buying property from a private individual?

  • Erstellt am 2024-02-03 09:45:57

JackSparrow777

2024-02-03 09:45:57
  • #1
Hello, we are a young couple and relatively new to searching for property. From time to time, something interesting also appears on Ebay Classifieds. What should be particularly considered here, what documents must the person absolutely provide us with? Understandably, we don’t want to be taken advantage of…. do you have good experiences with property from private sellers?
 

jens.knoedel

2024-02-03 10:05:27
  • #2
There are no differences compared to property purchases from non-private sellers.

The seller does not have to present anything at all. Regarding the property itself, there are basically no documents - only the land register where it is recorded.

However, what is mainly interesting are:
- cadastral map
- construction encumbrance information
- contaminated site register
- statements on development
- zoning plan if available

All of these are documents that you can easily obtain yourselves. The notary will also check various things again - outstanding amounts for development or similar.
 

Rübe1

2024-02-03 10:05:48
  • #3
Also applies to commercial providers: is it actually a building plot? Preliminary building inquiry (34 Building Code) or development plan? If financially interesting, have a soil survey prepared before the purchase contract. Contaminated sites?
 

ypg

2024-02-03 10:07:03
  • #4
In general, one does not buy a plot of land so often that one can speak of experience. Classified ads now have nothing to do with "private": all exposés from the major portals, including commercial ads, end up there. If a property is "only found there," i.e., listed there, I would rather have doubts, even if they are unfounded: an uninformed person sells "building land" to clueless buyers who start building a house without knowing that the meadow in the outer area is not buildable and private contracts do not apply. Documents: it is not an obligation to provide them. You can and must take care of this yourself. But you can look up the data and documents of the plot in the land register. Since it is a notarial contract, I would have no concerns about a later purchase if everything is in order. Ps. Classified ads and the like are a hotbed for scams. Ads are offered that do not exist, and then they cheat via advance payment and deposit.
 

11ant

2024-02-03 14:21:39
  • #5
Ah, always these stories fragmented across multiple threads – building a house is more of a holistic project!



You want, as a young couple with plans for children, to first burden your household finances by selling two existing developed plots (one of which is paid off) and buying a third plot. Paying capital gains tax twice and property transfer tax once sounds not very smart at first glance. Then perhaps you have to develop the new plot or clear old buildings – in a carnival session’s applause, this would be called the next rocket stage. What do you think about putting the project altogether in a third thread (with links to the two "old" ones) so it could be discussed holistically?

Buying a new plot would perhaps not be your "last resort" in your situation, but at best "Plan B." I would first examine both current plots and houses regarding the following questions:
1. How young are the existing buildings in terms of the quality of their construction?
2. Do the plots offer sufficient building area for an extension or larger new build?
Maybe the not yet paid off one of your two current houses is more suitable for enlargement, and you only owe more – that would still be a more efficient approach than the complicated way!

Show – as said, best in a consolidation thread, with the questionnaire partially "doubly" filled out for the two properties (let’s call them X and Y) – your two current domiciles!
 

ypg

2024-02-03 19:14:25
  • #6


Just ask first before making accusations. Always the same! … it may be that way, but it's cheeky to always rush past the OP like that…

.. before once again disenfranchising the OP with expressions.
 

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