For those of you who have just joined us, This is a continuation of the 10BTC starting auction for a whole freehold house in Ichstedt, Germany.
The original post can be found here;
https://bitcointalk.org/index.php?topic=196368.0 for those of you that want to follow.
My biggest mistake last time was not providing enough information, so, I am going to provide as much as I can now to avoid spamming of the thread.
OK so here we go:
This is a full HOUSE for sale in Germany, in the village Ichstedt and in the state of Thuringia.
The house is 245KM from Kreuzberg, Berlin, where you can buy a beer for bitcoin
It is also only 350KM from Prague.
Its major cities surrounding are Halle, @ 74km away, and Leipzig @116KM away.
About the house itself: It has 74M2 of living space with 4 bedrooms, a basic kitchen. Attic and basement space not included in that. It also has an outbuilding, a garage and another outside cellar, making up a total of 180m2 enclosed space.
The plot is exactly 451m2 according to the deed. It is a triangular parcel bordering a canal which can be seen in the photos.
It is not leaky. There is water, gas and electric connections to the house. It has not been renovated since before dinosaurs walked the earth, so if you don’t want to live like a caveman I would suggest new kitchen, bathroom, and rewire the whole house plus a good paint job and sand the floors and doors. The windows are all (on last inspection) not broken and doors are secure. The garage has a nice overhead door and just needs cleaning out and is ready to park your car/campervan or caravan to stay in whilst you renovate the house.
Basically to sum up the property condition; Watertight and connected to all facilities, renovation project. This is built from STONE and wood beams in circa 1830 and it is still here now. This is a solid house.
I am going to say this SIX times to prevent confusion.
THIS HOUSE IS NOT LISTED.
THIS HOUSE IS NOT UNDER ANY MONUMENT PROTECTION.
THIS HOUSE IS NOT DENKMALSCHUTZ!
THIS HOUSE IS NOT A HISTORICAL PROPERTY
THIS HOUSE IS SUBJECT TO ONLY NORMAL BUILDING REGULATIONS.
And finally……
THIS HOUSE IS NOT BLOODY DENKMALSCHUTZ!
The location: a very picture postcard village, ideal if you want to get away from it all or start again. The internet connections in Germany are OK, this village will get an 8MB connection and maybe a 20MB connection so if you are someone who works without geographical ties this could be your biggest adventure yet.
TAXES:
Property taxes currently stand at 120 euros a year and 55 euros for water runoff (usage of the sewer system by the gutters on the house). This will go up if occupied; how much to I do not know. But not a lot, German habitation taxes are very, very affordable.
Legal fees; Will be 2.5% of the declared price on sale, plus lawyers fees and notary fees of ABOUT 500 euros, give or take. As pointed out before, Notary fees are fixed in Germany on a scale depending on the cost of the transaction. However lawyers fees are not. So depending on how much escrowing/power of attorneying/messing round we do, depends on the final legal costs. All to be borne by the buyer, on top of your bid. 500 euros will need to be sent as a deposit to the Notary dealing with the sale, before any legal work can commence.
Pictures of the house:
[img=http://s20.postimage.org/p8qkpusbd/image.jpg][img=http://s20.postimage.org/52n2qywnt/image.jpg][img=http://s20.postimage.org/hijskppzt/image.jpg][img=http://s20.postimage.org/f2hz6v7x5/image.jpg][img=http://s20.postimage.org/ylmkg86op/image.jpg][img=http://s20.postimage.org/r6x8nukt5/image.jpg][img=http://s20.postimage.org/mmb28x13t/image.jpg][img=http://s20.postimage.org/5zthzu861/image.jpg][img=http://s20.postimage.org/i33f158m1/image.jpg][img=http://s20.postimage.org/6f9d6ljh5/Picture4.jpg][img=http://s20.postimage.org/x1ltvkno9/image.jpg][img=http://s20.postimage.org/bt85e597d/Picture6.jpg][img=http://s20.postimage.org/5gt04b655/Picture5.jpg][img=http://s20.postimage.org/ozxldo4wp/Picture1.jpg][img=http://s20.postimage.org/vro0gitw9/Picture8.jpg][img=http://s20.postimage.org/5kmtkkbmh/Picture15.jpg][img=http://s20.postimage.org/8fzwrffmh/Picture7.jpg][img=http://s20.postimage.org/4kwiouwgp/Picture18.jpg][img=http://s20.postimage.org/vwwd3xql5/Picture17.jpg][img=http://s20.postimage.org/p7ptnx595/Picture21.jpg][img=http://s20.postimage.org/a09u3kdeh/Picture20.jpg][img=http://s20.postimage.org/jm3ejv4k9/Picture19.jpg][img=http://s20.postimage.org/g3renh3o9/Picture22.jpg][img=http://s20.postimage.org/v0zvohgwp/Picture26.jpg][img=http://s20.postimage.org/mk0ddkc7t/Picture25.jpg]AUCTION RULESThe auction stats at 10 BTC and has no reserve. Bidding is in increments of at least 1BTC, but if you say have a total balance of 111.15 btc and you want to throw the lot at me then I will accept it, as long as the previous bid was LESS than 110.
This auction thread is for BIDS ONLY. Questions can be posted on the original thread here:
https://bitcointalk.org/index.php?topic=196368.0and I suggest if you have the time to read the thread as I think all points have now been covered.
ESCROW
I WILL ACCEPT ESCROW. This is how it will happen.
1. You win and send a deposit of 500 euros to the notary in Germany.
2. On confirmation of the deposit, a ‘purchase agreement’ is sent to you signed to show we accept your bid. You then sign the agreement to say you legally agree to buy the house. You then post original to the notary, and send a scan copy to us. You will also need to sign a ‘POA’ for the notary to act on your behalf, at your local german consul, or go to Germany. I suggest you check where the nearest German consul is before getting too involved here- if they are 1000 miles away and you are not prepared to go to them, this deal is not going to work.
3. the deal is now legal, the notary will begin the transfer of title. You will pay the owed funds in BTC to the escrow champion who will also convert them to Euros. You will be responsible for the escrow fees.
4. we will send a certificate of ‘all payments received’ to the escrow champion, signed and notarized. This document, when given to the German notary, is irrevocable proof that you have paid for the property and we will have no way whatsoever after that and the purchase and sale agreement has been given to the notary, to prevent the property being registered into your name.
5. the escrow champion transfers the funds to us and sends the certificate of payment received, via registered mail, at the same time.
VIEWING ETC
If you want to view the property in the next 3 days, then contact me with your name, and ID and I will authorize you to visit and tell the local police station/neighbours you are going to be there. This will prevent your arrest. Any damage done by you will be reported to the police for criminal damage. I have to say this, because apparently the motto of this forum is ‘trust no one’ so I am trying to get into the spirit of it.
SPAMMING OF THE AUCTION
Again I ask you to post all questions and comments here:
https://bitcointalk.org/index.php?topic=196368.0 as otherwise the auction just gets too confusing for people to follow.
AUCTION FINISH:
Auction finishes at 00:00 GMT Sunday 12th May 2013, however if bids come in with half an hour to go, I will extend the auction by half an hour. When there has been no activity for half an hour the auction is finished.
PM OFFERS:
I have had several PM offers but only public offers will be considered bids.
PAYMENT AND AUCTION FINISHING:
Payment to the notary to be instigated Monday and balance sent to escrow the same.
PUBLICITY:
I will continue, for the voyeurs amongst us, to update people on how the sale is going. I would like, but hold no duty, for the buyer to continue to do the same to show that such a deal really can happen. I have been contacted by the press for an interview, already interested in this sale but I have declined at this time to respect the privacy of the future owner of the property, as I don’t have the right to broadcast this sale too much, they might not want their house in the paper. I would ask any press members to respect their privacy also unless they so choose to give statement. If they are interested in press publicity I am happy to give statement myself but only in co-operation with the future buyer.
OK then…..back to the auction we go, round II. Lets see what happens!
