ᐅ Contracts Signed – Doubts Within the Cooling-Off Period
Created on: 28 Mar 2018 06:48
S
Stagenberger
I signed the contract with the bank and the developer last week and was initially optimistic.
But now I have some doubts about the developer. The reasons are:
1. Several negative reviews online (though almost as many positive ones as well), which I only discovered after signing the contract; if I had seen them beforehand, I might not have signed.
2. I don’t personally know anyone who has built with this company. However, most people say the company has a good reputation and that they are not aware of any negative experiences.
3. The originally very low-priced offer was somewhat optimistically estimated, as my architect friend pointed out (this is also one of the criticisms mentioned online). With additional corrections costing around 20,000 (about 22,000) it is now roughly at the same price level as the competition.
4. The bank representative almost let slip shortly before signing that there could possibly be problems with the loan-to-value ratio “due to the value of the house” (which ultimately did not occur).
5. I reviewed the offer from my second favorite developer and found that it actually offers slightly better services for almost the same price.
Why I originally chose this developer:
Good advice beforehand, detailed costs, they were the only ones to visit the plot, and I had a good feeling.
What would you do in my situation?
a) Have the contract reviewed again by other experts (second architect, second lawyer)?
b) ["Radical solution"] Withdraw from the contract and go with my second choice (a different developer, almost the same price)?
c) Build with the architect, which might be more expensive and would significantly delay the process since he currently has several large projects underway?
d) ?
But now I have some doubts about the developer. The reasons are:
1. Several negative reviews online (though almost as many positive ones as well), which I only discovered after signing the contract; if I had seen them beforehand, I might not have signed.
2. I don’t personally know anyone who has built with this company. However, most people say the company has a good reputation and that they are not aware of any negative experiences.
3. The originally very low-priced offer was somewhat optimistically estimated, as my architect friend pointed out (this is also one of the criticisms mentioned online). With additional corrections costing around 20,000 (about 22,000) it is now roughly at the same price level as the competition.
4. The bank representative almost let slip shortly before signing that there could possibly be problems with the loan-to-value ratio “due to the value of the house” (which ultimately did not occur).
5. I reviewed the offer from my second favorite developer and found that it actually offers slightly better services for almost the same price.
Why I originally chose this developer:
Good advice beforehand, detailed costs, they were the only ones to visit the plot, and I had a good feeling.
What would you do in my situation?
a) Have the contract reviewed again by other experts (second architect, second lawyer)?
b) ["Radical solution"] Withdraw from the contract and go with my second choice (a different developer, almost the same price)?
c) Build with the architect, which might be more expensive and would significantly delay the process since he currently has several large projects underway?
d) ?
K
Knallkörper28 Mar 2018 22:30Spunk schrieb:
The lines tend to blur with those, depending on the engine and equipment. By the way, all three share the same chassis along with the engine and transmission. The Octavia is longer and requires more sheet metal.Generalizations and trivial statements do not exactly mark you as an expert either.
Spunk schrieb:
Car manufacturers calculate in 0.1 cents (!).
I can’t confirm that—I have worked in the automotive industry for many years. Even whole cents rarely matter, since you never regain the opportunity cost.
Mercedes sells slightly over 2 million passenger cars per year. If they save just 0.1 cent on a small portion, it generates a profit increase of 2,000 euros—no one would change a contract or pick up the phone just for that.
B
Baumfachmann29 Mar 2018 00:02Quality doesn’t always correlate with price. I negotiated a downgrade from KfW 55 to KfW 40 at no additional cost, plus a 3.5% discount, as well as two extra roof windows, an additional patio door, and a fireplace.
Many people negotiate when buying a car but not when buying a house. It’s also difficult if you unintentionally signal to the seller that you are eager to buy the house and even reveal your budget.
Many people negotiate when buying a car but not when buying a house. It’s also difficult if you unintentionally signal to the seller that you are eager to buy the house and even reveal your budget.
T
toxicmolotof29 Mar 2018 00:35MayrCh schrieb:
Again. No. The market is currently strongly driven by supply and demand. A tradesperson or construction company with fully booked schedules inevitably charges different prices than someone who urgently needs jobs right now.Still, both must have done their calculations, and neither is selling themselves short. I do not deny that there are outliers on both the high and low ends, but these are not the norm with a 95% confidence level. Statistics don’t lie.Then comes a lot of hot air... it gets interesting here:
MayrCh schrieb:
The production costs of different manufacturers might vary by only a few euros, yet the car with the VW badge is 1,000 to 2,000 € (depending on the trim level) more expensive than the Seat—that is 10 to 20%. Great: 10% is essentially the same price. Whether we’re talking about 1.49 euros for fabric softener or 350,000 euros for a house, within this range you get comparable value for comparable value. A house that costs 30% more or less won’t be the same. Just as a Duster priced at 15,000 euros is not the same as an Audi Q3 for 30,000 euros.
Models, brands, and products are almost* interchangeable, by the way.
*Exceptions prove the rule.
Car: lots of industry, little craftsmanship; houses are exactly the opposite.
Of course, a cheap house will have cheaper tiles, cheaper windows, cheaper roof tiles, etc. (although that doesn’t necessarily mean less durability, windows made in Poland are simply cheaper without being worse).
A cheaper house can also be less expensive because the people who build it are paid less than others. This is why Winnetou in northern Brandenburg, Oderbruch, close to Siberia, can build a palace for little money, while Arifas, because there is no big money there either, has to settle for something simple.
Prefab house sector: A Scanhaus Marlow from the HRO area is simply cheaper to produce than a Viebrockhaus. Even if you compare like with like.
Karsten
Of course, a cheap house will have cheaper tiles, cheaper windows, cheaper roof tiles, etc. (although that doesn’t necessarily mean less durability, windows made in Poland are simply cheaper without being worse).
A cheaper house can also be less expensive because the people who build it are paid less than others. This is why Winnetou in northern Brandenburg, Oderbruch, close to Siberia, can build a palace for little money, while Arifas, because there is no big money there either, has to settle for something simple.
Prefab house sector: A Scanhaus Marlow from the HRO area is simply cheaper to produce than a Viebrockhaus. Even if you compare like with like.
Karsten
Similar topics