Huge demand for real estate financing

Despite pandemic increased demand for financing with GELDPILOT24

Since the beginning of the year we have been experiencing a real run on real estate financing.
The number of interested parties at GELDPILOT24 has multiplied compared to the previous year.
The reasons for this are surely various. However, the main reasons are likely to be the still extremely low interest rates, but the pandemic situation is also influencing demand.
Tangible assets, which of course includes real estate, are becoming increasingly interesting for people.

Corona has the most positive influence on construction financing for families willing to build.

With the building child benefit, they now have three months more time to present a building permit or a purchase contract for a property in order to receive the generous state subsidy. The background is of course the Corona pandemic. As a result, the granting of building permits and the signing of purchase contracts has been delayed in some cases. The application for subsidies can still be submitted until the end of 2023. This deadline remains unchanged. For construction projects not requiring planning permission, the earliest possible start of construction must be between January 1, 2018 and March 31, 2021. Applications must be submitted online via the KfW grant portal within six months of moving into the subsidized property. Since September 18, 2018, families have been able to use the government grant to build a house or purchase real estate. Each child receives EUR 12,000, paid in ten annual installments of EUR 1,200 each. Income limits apply for the receipt of the subsidy: The upper limit is a taxable household income of 90,000 euros for one child, and 15,000 euros for each additional child. With this graduation, the support is interesting for a large number of families.

In addition, it is possible to apply to the Kreditanstalt für Wiederaufbau (KfW) for investment grants instead of loans for some projects.

Finding customer-oriented advice is not as easy as one might think. We at GELDPILOT24 see as a basic condition that at least full market access has, is called a platform with several hundred different banks and building societies. As Finanz+Versicherungsmakler our partners stand obligatory on the side of the customers.

What many people don't know is that it is also possible to use several funding channels and special loans in parallel. With a family with appropriate economic basic conditions and two children this can already times up to € 80,000 at financial advantage with a real estate acquisition at a value of € 350,000 total costs. Not infrequently, the dream of owning your own home can only be realized by taking advantage of these opportunities. Unfortunately, only very selected financial experts and banks really proactively advise on these possibilities. Because economically this usually has disadvantages for the consultant or the bank. But if you take customer orientation really seriously, you shouldn't thwart such opportunities for your customers in an unprecedented phase of low interest rates.

Customers increasingly use contactless advice.

The acceptance of and demand for advice via video is growing steadily. It is not only since Corona that customers have increasingly appreciated professional video consulting and electronic tools. Being able to initiate bank orders on mobile devices has long since become a matter of course. So why not handle the entire bank appointment online?