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Old 15.09.2009, 19:11
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Bidding on a peice of land advice?

Me again! we decided against the house by the motorway - thanks for everyones advice.

This time, its a peice of land ...with a house on it, but the house is "kapput"...its falling apart. One would need to buy the house, knock it down (which is not cheap!) and then build one

The old lady passed away with no living relatives and the company selling it have asked people to "bid" - how much do you bid...realistically? we will get the paperwork tomorrow so I guess I will know more.

There is an asking price advertised per m2, so do we bid more, if so how much? whats the margin?

What I also want to know is who gets the money? The lady died, there was no living relatives...so who gets the money?

Any advice, suggestions ? useful questions I should know to ask?

Thanks in advance!
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Old 15.09.2009, 19:48
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Re: Bidding on a peice of land advice?

The price of land can vary very considerably as location is everything. For example, when we brought ours we had the choice of two plots which were quite close but one had a magnificent view but the other didn’t. Consequently the one with the view cost considerably more.

You could search for any other land that is available, or recently sold, and that should give you an idea about the value.

You also really need to know how much the demolition will cost and the price of building a new house.

As it’s an auction I don’t think anyone can answer your question for you. If you really want it put in a high bid but, of course, you might end up with a house that costs more than it’s market value.

I can't answer your question about who gets the money as I don't know the Swiss law for this circumstance, but does it matter to you ? Was there a will ?

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Last edited by Blonaybear; 15.09.2009 at 20:09. Reason: add last sentence
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Old 15.09.2009, 20:49
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Re: Bidding on a peice of land advice?

Have you tried asking your bank for advice? - there are quite tight guidelines on how they will lend and the values of land. This determines the benchmark value although those with deep pockets may overbid.
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Old 15.09.2009, 20:56
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Re: Bidding on a peice of land advice?

Decent land is 600-1000 CHF per square meter around here but there is very little available or for sale. No idea what it is where you are looking. Ask your bank or an architect.
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Old 16.09.2009, 09:41
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Re: Bidding on a peice of land advice?

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Decent land is 600-1000 CHF per square meter around here but there is very little available or for sale. No idea what it is where you are looking. Ask your bank or an architect.

That all depends on where you are looking and what you determine is "decent."
As you said, less land is available, and people are looking further afield. I know a village where a few years ago there were quite a number of lots for sale ranging in price from 300 - 350/m2. Homes now stand on these formerly vacant lots. This village is near the Aare and when it has flooded, some homes were affected. Still this didn't stop people from buying. Now there are just a couple of lots available selling for over 400/m2. The village is nothing special, no shop, no postoffice, no school. Three restaurants. Oh, almost forgot, taxes are quite low.

As suggested, go to the bank. If you don't have their blessings, walk away.

To the OP, knocking down a house is expensive and you have to be sure in the first place this is allowed, and what you will be able to replace it with. You might find the zoning is restrictive as is the land use quotient. For this I would contact a local architect. I wouldn't buy anything until I had drawings from the architect of what is feasible and the costs. For this you will have to pay something, but usually this fee is counted against the total architect's fees if you retain their firm for the project. The Gemeinde might be able to provide you with the name of an architect if you do not have one.
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Old 16.09.2009, 10:12
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Re: Bidding on a peice of land advice?

1) Only bid if you really want to build and live there, not because you think you can get a baragin because there are seriously knowledgable people out there.

2) Go to the "Comune" or whatever you call it in German-Swiss and ask the planning officer. They normally know all about the property in the area and probably that one. They are right nosey.

3) I wouldn't be concerned who gets the money on the sale (or are you thinking of backhanders).

4) Try and get an idea again from the "Comune" planning officer and architects in the area of how much it is to build a standard house.

5) The land is worth the price per square metre times the area of the land land less demolition and disposal costs which I can imagine are high in Switzerland plus at least you have the services on site as well.

If you have any energy in you, you could easily pull a substancial amount of the building down yourself for next to nothing.
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Old 16.09.2009, 16:57
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Re: Bidding on a peice of land advice?

Taken your advice...

Spoke to the bank, the house has not been refurbished since in was built in 1930 - they house is deemed "unsafe"

We are looking for an architect to advise us - the house looks beautiful from the outside but realistically there is not much holding it up! They took out 9 metric tonned of rubbish

Bank think its a good project, they told us how much it was valued 20 years ago, so the asking current price is ok

We need to find out how much it costs to demolish a house and get rid of the rubbish

Am thinking about a "ready made house" or a "Swiss House" - ones that can go up in a few days.......

We will see!
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Old 16.09.2009, 17:40
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Re: Bidding on a peice of land advice?

Just in case anyone didn't see this on Tagi today and you're thinking about buying property, it said (according to my basic German) that land prices are coming down quite a bit around lake Zurich. http://www.tagesanzeiger.ch/zuerich/...story/23162001
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Old 16.09.2009, 17:58
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Re: Bidding on a peice of land advice?

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Just in case anyone didn't see this on Tagi today and you're thinking about buying property, it said (according to my basic German) that land prices are coming down quite a bit around lake Zurich. http://www.tagesanzeiger.ch/zuerich/...story/23162001
Interesting article but be careful - it says that prices for land zoned for residential building (Bauland) has stayed stable or risen slightly whilst building land overall (unbebautes Land - which includes land zoned for industrial use and zoned as 'reserve') has decreased in price quite a bit.
Therefore if you're looking to build say a warehouse it's good news, but not so if you're looking to build residential property.
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