Hello,
We have been on a potential interested parties list for a new housing development that is expected to be built within a foreseeable time frame for about a year now.
Yesterday, we received an “Expression of Interest - Response” from the city. Besides the usual details like name, address, etc., there were also some questions about the building style, the number of housing units, whether it’s a single-family house or something else. They also asked about the approximate plot size, when we plan to build, and what I find quite strange, “how much we are roughly willing to pay.” Do you think the city is already filtering potential candidates based on this or are they only accepting those who are willing to pay the most?
Additionally, the form needs to be signed, but I assume this is just non-binding, right? The title of this PDF makes me a bit cautious.
Thanks in advance for your help and opinions!
We have been on a potential interested parties list for a new housing development that is expected to be built within a foreseeable time frame for about a year now.
Yesterday, we received an “Expression of Interest - Response” from the city. Besides the usual details like name, address, etc., there were also some questions about the building style, the number of housing units, whether it’s a single-family house or something else. They also asked about the approximate plot size, when we plan to build, and what I find quite strange, “how much we are roughly willing to pay.” Do you think the city is already filtering potential candidates based on this or are they only accepting those who are willing to pay the most?
Additionally, the form needs to be signed, but I assume this is just non-binding, right? The title of this PDF makes me a bit cautious.
Thanks in advance for your help and opinions!
H
HilfeHilfe23 Nov 2019 10:57It's strange. But maybe the city actually wants to screen or get an idea of the customer base in order to prepare for the allocation.
Is the question referring to the purchase price of the land, or to the entire construction project?
I believe many municipalities are interested in allocating land only to buyers who can actually afford to build. There are probably many who do not realistically assess the costs.
A building obligation within X years is now basically standard practice for municipalities. They want to avoid the effort involved in reversing sales and similar processes.
When a municipality itself allocates the land, there are usually point systems or similar methods in place. Different factors come into play depending on the system, and in some cases, having too high an income can even be disadvantageous!
Best regards! mini_g!
I believe many municipalities are interested in allocating land only to buyers who can actually afford to build. There are probably many who do not realistically assess the costs.
A building obligation within X years is now basically standard practice for municipalities. They want to avoid the effort involved in reversing sales and similar processes.
When a municipality itself allocates the land, there are usually point systems or similar methods in place. Different factors come into play depending on the system, and in some cases, having too high an income can even be disadvantageous!
Best regards! mini_g!
Try searching the local council bulletin to see if this topic has been discussed. Perhaps it will become clear what they want, and if there is no land use plan yet, you can check there. The preferred building types and plot sizes are usually outlined in that plan. If it does not exist yet, then good luck—it will likely take a few more years.