Go Back   English Forum Switzerland > Help & tips > Housing in general  
Reply
 
Thread Tools Display Modes
  #1  
Old 20.06.2018, 11:39
zurich99's Avatar
Senior Member
 
Join Date: Jan 2010
Location: zurich
Posts: 384
Groaned at 1 Time in 1 Post
Thanked 306 Times in 119 Posts
zurich99 has earned the respect of manyzurich99 has earned the respect of manyzurich99 has earned the respect of many
what is the Swiss etiquette/process for buying a house?

Hello,

Before I start I have looked over the internet and this forum, maybe im not searching the right key words but i haven't found anything helpful.....so here goes the question.

When you have found a property, looked around it and said 'we would like it' what happens next?

This is how its played out for us:
In April a new house came up on Homegate, we called them, they said they would send the details. They never did, we went on holiday and have had a lot of things going on so we left it (as it was very expensive anyway 1.690m chf)

Last week we thought what the hell, lets try again and just have a look, as it is still on the market 3 months later.
They finally sent us the documents and we had a showing last thursday. The showing was difficult because my German was not quite up to scratch and he either didn't want to or couldn't speak any English. Thus we came away unsure that I understood the answers to my questions (always a problem , I know how to ask but the answers - always so complicated!)

He is the owner but he owns a Property company that built these Dopplehaus (4 in total) 2 we sold a long time ago, and 2 were rented (this one that we looked at can be sold or rented) and the one attached is long term rented. His company have also just built a load of flats the village too.

So we sent an email asking for clarification that I had understood his answers and questioned the amount of work to be done.
He came back saying the price is 1.6 if you can't afford it there is no point to discuss the questions! - We didn't negotiate at all he just came back with that price deduction.

Well we didn't quite know what to say to that, so we just said, the price is not the issue we wanted to make sure I understood the conversation we had about repairing the floor and painting inside/outside.
He replied with, I have knocked off 90,000 so you can do it all yourself.
We considered this and we are happy (well not happy as its 1.6m but we have accepted that that is what it costs when you dont want to compromise on location)
We sent another mail saying thank you for the clarification and we understand their position and we would like to take the next step in purchasing the house.
we also asked to have another viewing to take photos and clarify an adjoining door with the neighbours house (the utilities are only accessed though our house - I think) as we still dont understand what that means, we said we will bring a German friend with us so we can understand.We offered Friday or a saturday if it was convenient for them.

They replied saying thatnkyou for your interest in buying the house, we would prefer next friday at 6pm.

So - why do they want to wait a week before we go any further?
Im only going by the UK so clearly it is not the same here, you offer, its excepted, its removed from the market and the process goes onward via estate agents.

What happens here? at what point do we say, take it off the market? how to we get it reserved?
We are keen to move quickly as we rent and you know you can only move out twice in a year

*sigh* any advice is always welcome, I honestly dont know what id do without this forum!
Reply With Quote
  #2  
Old 20.06.2018, 12:03
Elu Elu is offline
Senior Member
 
Join Date: May 2017
Location: Olten
Posts: 496
Groaned at 18 Times in 17 Posts
Thanked 960 Times in 407 Posts
Elu has a reputation beyond reputeElu has a reputation beyond reputeElu has a reputation beyond reputeElu has a reputation beyond reputeElu has a reputation beyond repute
Re: what is the Swiss etiquette/process for buying a house?

Hi
I am in the middle of an house-buying-process too.
You can expect that the offer is removed from the market as soon as you pay the "reservationszahlung". In my case it was around 50k, you can expect something between 30k and 80k CHF. Of course this money will count as part of the 10% liquid equity capital you have to bring.
I quite sure they will talk about this reservation payment during your appointment next Friday.

This is where I stand at the moment.

The next step in my case is a "vorverkaufsvertrag" signed at the grundbuchamt, based on this vorverkaufsvertrag I will sign the contract for the mortgage with my bank.
Reply With Quote
This user would like to thank Elu for this useful post:
  #3  
Old 20.06.2018, 12:20
bigblue2's Avatar
Forum Legend
 
Join Date: Mar 2009
Location: Glarus
Posts: 8,086
Groaned at 486 Times in 405 Posts
Thanked 14,715 Times in 5,780 Posts
bigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond reputebigblue2 has a reputation beyond repute
Re: what is the Swiss etiquette/process for buying a house?

being on the market for 3 months should set alarm bells ringing
Reply With Quote
The following 3 users would like to thank bigblue2 for this useful post:
  #4  
Old 20.06.2018, 12:33
zurich99's Avatar
Senior Member
 
Join Date: Jan 2010
Location: zurich
Posts: 384
Groaned at 1 Time in 1 Post
Thanked 306 Times in 119 Posts
zurich99 has earned the respect of manyzurich99 has earned the respect of manyzurich99 has earned the respect of many
Re: what is the Swiss etiquette/process for buying a house?

Quote:
View Post
being on the market for 3 months should set alarm bells ringing
Yes this has also occurred to us, but I can't think why it has been on for a while, much worse properties have sold for more than this price.

Its a fairy newish build 2002.

It could be that the formula to get more information (on the Homegate website) requires your Date of Birth, Nationality, civil status, number of occupants, occupation and Employer and thats just to ask what the price is!!!

We just called them , as there is no way im filling out that info just to find out the floor plan.

We did consider when we asked for the plans originally and never received them was because we were not the "correct" nationality.
Reply With Quote
  #5  
Old 20.06.2018, 13:00
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Zürich
Posts: 8,107
Groaned at 344 Times in 234 Posts
Thanked 11,622 Times in 4,008 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: what is the Swiss etiquette/process for buying a house?

As Ilu says, a deposit (and I would say as small as possible - try for 10,000) will ensure the property is removed from the market.

Despite what you may be told, such deposits are refundable - minus advertising and admin costs involved.

Presumably you have the financing sorted and your lender is happy with the property.

From the info supplied the seller seems very bored, or very rich, or simply stupid - or all 3...
Reply With Quote
The following 3 users would like to thank AbFab for this useful post:
  #6  
Old 20.06.2018, 13:07
zurich99's Avatar
Senior Member
 
Join Date: Jan 2010
Location: zurich
Posts: 384
Groaned at 1 Time in 1 Post
Thanked 306 Times in 119 Posts
zurich99 has earned the respect of manyzurich99 has earned the respect of manyzurich99 has earned the respect of many
Re: what is the Swiss etiquette/process for buying a house?

Quote:
View Post
From the info supplied the seller seems very bored, or very rich, or simply stupid - or all 3...
most likely, and most defiantly came across as bored or disinterested.
Reply With Quote
  #7  
Old 20.06.2018, 13:27
Helm's Avatar
Forum Veteran
 
Join Date: May 2011
Location: Zürich<->St.Gallen
Posts: 2,209
Groaned at 13 Times in 13 Posts
Thanked 4,136 Times in 1,371 Posts
Helm has a reputation beyond reputeHelm has a reputation beyond reputeHelm has a reputation beyond reputeHelm has a reputation beyond reputeHelm has a reputation beyond reputeHelm has a reputation beyond repute
Re: what is the Swiss etiquette/process for buying a house?

Quote:
View Post
being on the market for 3 months should set alarm bells ringing
No. Not necessarily. It depends on the area. A house in the Goldküste for 1.6 million doesn't sell after 3 months? Hell, put alarm bells and a whole disaster siren ringing.

A house in, say, Eschenbach? No reason to think there is something fishy about it.
Reply With Quote
The following 4 users would like to thank Helm for this useful post:
  #8  
Old 20.06.2018, 13:37
Guest
 
Posts: n/a
Re: what is the Swiss etiquette/process for buying a house?

Quote:
View Post
being on the market for 3 months should set alarm bells ringing

3 months is hardly a long time and seeing some work needs doing....


On a property already built sale, it is normal a 5% deposit is given to the notary to hold whilst the paper work is completed, in case you decide not to go through with the purchase and you haven't got a very good reason such as a major hidden default" then not only do you lose the 5% depositi to the owner, ypou also have notary costs to pay.


The bank will finance you up to 80% of THEIR valuation on the property so get them involved at a very early stage.


MAKE SURE YOU UNDERSTAND EVERYTHING YOU SIGN !!!!!


If you don't understand something, get it explained to your total satisfaction before even reaching into your inside pocket for the pen.
Reply With Quote
This user would like to thank for this useful post:
  #9  
Old 20.06.2018, 14:29
Forum Veteran
 
Join Date: Jul 2014
Location: lugano
Posts: 709
Groaned at 75 Times in 43 Posts
Thanked 616 Times in 347 Posts
DL21 has an excellent reputationDL21 has an excellent reputationDL21 has an excellent reputationDL21 has an excellent reputation
Re: what is the Swiss etiquette/process for buying a house?

my house was on the market for a couple of years before i bought it. hardly any liquidity here.
Reply With Quote
This user would like to thank DL21 for this useful post:
  #10  
Old 20.06.2018, 14:33
Guest
 
Posts: n/a
Re: what is the Swiss etiquette/process for buying a house?

Quote:
View Post
my house was on the market for a couple of years before i bought it. hardly any liquidity here.



Some people just don't need to sell and a house is more tax advantageous than money in the bank so they decide on a price and that's it. Either it sells for that or it doesn't, they just don't care either way.
Reply With Quote
The following 2 users would like to thank for this useful post:
  #11  
Old 20.06.2018, 14:36
Forum Veteran
 
Join Date: Jul 2014
Location: lugano
Posts: 709
Groaned at 75 Times in 43 Posts
Thanked 616 Times in 347 Posts
DL21 has an excellent reputationDL21 has an excellent reputationDL21 has an excellent reputationDL21 has an excellent reputation
Re: what is the Swiss etiquette/process for buying a house?

dunno - i offered 700k under the asking price and it was accepted without argument. guess i paid too much, but its done now and i like the house so i won't get too worked up about it.
Reply With Quote
  #12  
Old 22.06.2018, 08:06
Forum Legend
 
Join Date: May 2007
Location: Tessin
Posts: 6,303
Groaned at 124 Times in 91 Posts
Thanked 7,487 Times in 3,521 Posts
Mrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond repute
Re: what is the Swiss etiquette/process for buying a house?

Quote:
View Post
As Ilu says, a deposit (and I would say as small as possible - try for 10,000) will ensure the property is removed from the market.

Despite what you may be told, such deposits are refundable - minus advertising and admin costs involved.

Presumably you have the financing sorted and your lender is happy with the property.

From the info supplied the seller seems very bored, or very rich, or simply stupid - or all 3...
Many sellers seem to prefer to keep the ad running and they put in the ad the property is reserved. I really do not understand why they do this and it is agitating to the buyer.

Sounds to me like the owner of this particular property is not under any pressure to sell and is just plain lazy.
Reply With Quote
The following 2 users would like to thank Mrs. Doolittle for this useful post:
  #13  
Old 22.06.2018, 11:35
Senior Member
 
Join Date: Feb 2015
Location: Hausen am Albis, ZH
Posts: 269
Groaned at 6 Times in 5 Posts
Thanked 437 Times in 172 Posts
Massa has an excellent reputationMassa has an excellent reputationMassa has an excellent reputationMassa has an excellent reputation
Re: what is the Swiss etiquette/process for buying a house?

Quote:
View Post

We offered Friday or a saturday if it was convenient for them.

They replied saying thatnkyou for your interest in buying the house, we would prefer next friday at 6pm.

So - why do they want to wait a week before we go any further?
Im only going by the UK so clearly it is not the same here, you offer, its excepted, its removed from the market and the process goes onward via estate agents.
There is simply no urgency here to sell and in a lot of cantons demand outstrips supply. When we were looking to buy we found estate agents were a total joke and would offer appointments 2-3 weeks out from initial enquiry and only Mon-Fri during office hours.

I would get the valuation from your bank ASAP before committing further. Check out UBS - they have a free service which will give you report and valuation of the suggested property. Surveys here are not common so this will help a little but ultimately it's caveat emptor.

After 3 years of searching we bought eventually in ZH canton direct from the owner - every canton is different with regulations etc. In addition here in ZH at least you cannot sign the sale documentation if you don't fully grasp German - the notary will explain this to you and you'll need to arrange a POA. I'd be happy to talk you through our experiences on a quick call and what to look out for if it helps - simply too much info to impart by text. if interested please send me a PM.
Reply With Quote
The following 3 users would like to thank Massa for this useful post:
  #14  
Old 22.06.2018, 15:32
Forum Legend
 
Join Date: May 2007
Location: Tessin
Posts: 6,303
Groaned at 124 Times in 91 Posts
Thanked 7,487 Times in 3,521 Posts
Mrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond repute
Re: what is the Swiss etiquette/process for buying a house?

Quote:
View Post

I would get the valuation from your bank ASAP before committing further. Check out UBS - they have a free service which will give you report and valuation of the suggested property. Surveys here are not common so this will help a little but ultimately it's caveat emptor.
Indeed it is buyer beware. I would not rely on the bank's valuation unless they send someone to do an on site appraisal. If the seller does not have a proper evaluation (which is not free) available get one done.
Reply With Quote
This user would like to thank Mrs. Doolittle for this useful post:
  #15  
Old 22.06.2018, 16:30
Forum Legend
 
Join Date: Oct 2014
Location: Steinach SG
Posts: 8,554
Groaned at 417 Times in 313 Posts
Thanked 11,185 Times in 5,876 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: what is the Swiss etiquette/process for buying a house?

We had our parent's house appraised early last year by two independent assessors. It's a 3-apartment buildng that is about 80 years old. Surprisingly to me the various price components listed in the appraisals differed considerably in imputed value but the resulting appraisal sum was almost the same with 890k and 910k, respectively.

In addition, one of us asked an acquaintance who does appraisals professionally (10-15 a month) to give his private opinion. We sat down, showed a few pictures from the outside, described the state and major work that will need to be done in the coming years, etc. Plus the Gebäudeversicherungssumme (the sum the building is insured for), that was the only amount we mentioned, he didn't want any other either. After perhaps ten minutes he said it would probably sell fairly quickly if we put it up for 880k, if we were willing to wait it might go for up to 960k. Showing him the other appraisals had no influence on his opinion, quite the contrary he seemed to see it as confirmation.

All this leads me to think that the assessors know pretty well what the house will probably sell for and impute for the various price components whatever they need to arrive at the expected result. It's the only way I can think of that explains how they can differ so much in the detail figures but still arrive at almost the same amount.
Reply With Quote
Reply

Tags
house buying, process, swiss etiquette




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is the process of after graduation of a Swiss University unbalanced Permits/visas/government 38 10.02.2019 23:28
What is the etiquette for meeting the neighbors? Marichan623 Other/general 23 13.04.2015 10:39
What is the etiquette for using a grill by the lake/river Diyacomp Other/general 30 31.07.2013 19:09
What's the process with number plates when buying a car from another canton? JennyWaddell Transportation/driving 21 07.06.2011 12:45


All times are GMT +2. The time now is 01:16.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0