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Property in Germany:Need Your Advices
Posted on 13/04/2005 7:47 pm
Property in Germany:Need Your Advices
Hi all,
I am live 50KMs away from Munich.
One of my friend wife is a real-estate agent and she gave an offer in buying land(Wohnen Grundstück), for me the offer looks reasonable and would like to go forward but still i wanna make sure if that rate is reasonable or not? also wanted your advices.
My Questions:
1. Is it a good way to buy land and construct a house of my choice or buy ready made house?
2. If i buy land now, do i need to pay property tax, if so how much? any web reference to study the legal proceedings.
3. Any reference where i can check the land price offered is reasonable or not?
4. My bank offers finance, but of high intrest rate, any reference to the any financing companies who offers low intrest rate?(I will pay 50% of the land costs, need 50% as finance)
5. Legal steps to proceed with a real-estate agent.
6. Initial charges like notary etc etc
7. Advices from you if someone of us already planned to have a house or flat in germany?
Best Regards
Deepak
deepak_bansal
Member since 09/03/2004
Posted on 14/04/2005 8:37 am
Re: Property in Germany:Need Your Advices
hi deepak,
i too would like to buy an apartment but am not sure if my bank would finance it since i have been here only for about 2 years...
how long have u been here? do we need to have a niederlassung to get finance`?
regards!!
bizzare
Member since 13/11/2004
Posted on 14/04/2005 1:19 pm
Re: Property in Germany:Need Your Advices
I bought flat and I can say that everything depends.
Usually you can get a credit but not from every bank. Some of them have strict rules about NE and some not.
For example Deutsche Bank and Volksbank offered credit to me and few other banks did not.
I suggest www.immowelt.de where you can find "immobilien rechner" where you can see how much you will have to pay and also your credit plan.
Dracus
Member since 01/12/2003
fredjeffry
Member since 24/06/2004
Posted on 15/04/2005 10:23 am
Re: Property in Germany:Need Your Advices
THIS IS just ina spirit of fun ... i think fred shud have google or "Search Engine " as his middle name ... as he really gets the right links for anyone who needs help.
Cheers Fred
stier
Member since 13/10/2004
Posted on 15/04/2005 1:01 pm
Re: Property in Germany:Need Your Advices
Hi all,
Thanks for your replies.
@Fred: Already googled, got those references, then only came to know about the taxes, notary feees etc etc. There none mentioned , how we can estimate the land costs, r v paying more euros per m2 than the market value etc etc.
Tried to find out thru german colligues, but none has the answer. Will inform you in detail if i come to know these answers.
Regards
Deepak
deepak_bansal
Member since 09/03/2004
Posted on 15/04/2005 1:25 pm
Re: Property in Germany:Need Your Advices
I would search for Zwangsversteigerungen on your place.
There you can get immo 30-70% cheaper.
DvD
Member since 30/11/2004
Posted on 16/04/2005 4:25 pm
Re: Property in Germany:Need Your Advices
Hi all,
I am also currently investigating the possibility to buy some Immobilien here in Germany-of course relaying most of all on a bank credit.
In the course of this I am now blocked at the issue/problem of (still) missing NE (unlimited residence-permit).
I’m living in Bayern, Munich area, GC since 06/2001.
Could someone (Dracus?) share some information/experience please, which Banks are ready still to consider financing an Immobilien-Kauf besides of missing NE?
Thanks, and best regards,
Boyko.
(reachable also at boyko@post.com)
BoykoBG
Member since 16/04/2005
Posted on 16/04/2005 5:26 pm
Re: Property in Germany:Need Your Advices
Hi,
if you need money from a bank it is not easy for a GC. I can not say, that trust7 can make it easy, but we can check your chances with our cooperation bank, which is Deutsche Bank, before you spend a lot of time and feel like a beggar, if you are unlucky and meet stupid people at your bank, who do not know about high qualified foreign experts.
http://www.trust7.com/en/intro
Scroll down and you will find our 'Financial Service' with contact mail. This is for whole Germany.
Have a nice weekend
Detlef
trust7
Member since 23/09/2004
Posted on 18/04/2005 9:47 am
Re: Property in Germany:Need Your Advices
Hi Detlef
Thanks for the link, when I have more clear my future you can be sure I´ll send this email.
Just one comment I want to add.
I think is not a big discover that buying a house is better than rent it. Most of us think about it and some of GC could do that.
I asked once in my bank (HVB). Till now, they were very helpfull and friendly and there (finally) could find a clever woman who was able to spend some minutes to me.
She checked my "availability" (I think they called "Bonitätprüfung"
and I had no problem to get a credit for a house BUT there are a requirement added to the system the bank uses to calculate/approve/deny credits that is the person asking for an hypotecary credit HAVE to have minimal of 5 years living in Germany.
I post it once, but Lieber Detlef, maybe you can ask for that clause to your bank. It is not related with GreenCard Vissum or kind of residence, is just a kind of ground request to approve money for houses or at least, my Bankberaterin told me that.
Regards
YO
YO1
Member since 17/11/2003
Posted on 18/04/2005 12:34 pm
Re: Property in Germany:Need Your Advices
Hi YO,
there is no minimum of 5 years with our cooperation bank. The prerequisite is an unlimted workpermit and an unlimited 'Aufenthaltserlaubnis' which you can get after 3 years, if you do not have it already.
And, of course, some money
Have a nice week
Detlef
trust7
Member since 23/09/2004
