ᐅ Buy a house today, pay in 4 years

Hello everyone,
I have a complicated situation. We want to buy a house. The owner is willing to sell it to us but wants to receive the payment only in four years when he retires.
He suggested a lease-to-own arrangement, but we don’t think that works since it’s an older building.
We also need to be registered in the land register because we require a loan for the renovation and purchase. The purchase price is about 200,000€ (approximately 220,000 USD).
Is there, for example, a possibility that he receives 20,000€ (around 22,000 USD) now, and the remaining 180,000€ (about 198,000 USD) is placed in an escrow account?
Or do you have any ideas on how something like this could be arranged?
Regards,
Jens

schwimmer0815 schrieb:

I have a complicated issue: we want to buy a house. The owner is willing to sell it to us, but wants to receive the money only in four years when he retires.
He suggested a rent-to-own agreement, but in our opinion, that’s not feasible since it is an older building.

I don’t see how the year the house was built is relevant here. And you shouldn’t wait four years before using the search function here, because this topic has already been discussed recently and very actively: https://www.hausbau-forum.de/threads/miet-kauf-erfahrungen-tipps.42721/

schwimmer0815 schrieb:

Is there, for example, a possibility that he receives €20,000 (around $22,000) now and the remaining €180,000 (around $200,000) is placed in an escrow account?
Or do you have any ideas on how to arrange something like this?

There are literally thousands of options that match your username (4711 is a famous German number), but you can only select one if, among other things, you understand his motivation.

---

https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/

schwimmer0815 schrieb:

Or do you have any ideas on how to regulate something like this?

Ask a notary you trust for a reasonable solution. There are actually thousands of possibilities...

If you buy today and pay in four years, the seller is essentially giving you a loan. This loan is properly secured in the land register, just like a bank loan would be. What is complicated about that?

Hello everyone,
Thank you very much for the information. It is very helpful.
The idea of the elementary school is a good one. We need to take a closer look and will also talk to our financial advisor. We want to pay as little interest as possible. It is likely that interest rates will continue to rise in the coming years.
Best regards,
Jens

karl.jonas schrieb:

If you buy today and pay in four years, the seller is essentially just giving you a loan. This is secured in the land register in the same way a bank loan would be.

However, this becomes a deal-breaker for the original poster’s desire to obtain a bank loan, especially since renovations need to be done or are planned. Besides that, it is very likely to become an expensive undertaking—not now, but in four years, when interest rates for bank loans are expected to be significantly higher than they are today.

A forward contract for four years is unaffordable... (and would have to be reflected in a reduction of the purchase price).