Current house-buying strategy in an environment of falling prices?

I do believe that is common. I only described it a few posts above.

Now I’ve reread your post back then – and you had a very good instinct. Almost as if you were the saleswoman ;-D. I’ll go into more detail:

The sword is double-edged. As you have already noticed yourself, your offer is far from his original asking price, and still very far from his current one. The chance that he’ll agree to it is currently low.

Sort of. In the end, he sold close to my original offer, albeit slightly above it.

On the other hand, the waiting strategy has its pitfalls. With every further price drop, you invite more potential competitors on board for whom the item then appears in the filter / moves into their feasibility range.

I didn’t wait, but (encouraged by this forum) made an offer early on when the listed price was still over 150k higher than my offer. Quite the opposite: apparently, my offer was the first substantial one – and that then prompted him to lower the price further – which then triggered the search alert for my competitor. But honestly: I would have done the same in the seller’s position. However, I wonder if this often happens like this. By the way, there was no agent involved here. I can imagine that an agent considers it beneath them to lower a house estimated at over 800k to around 550k in the listing. My intuition tells me that an agent would rather wait until their mandate expires. What does your experience say?

In general, I don’t know where your assumption comes from that your assumed market value would be correct, so far below the listing price?

Quod erat demonstrandum :-). My estimate was just slightly below the price ultimately achieved.

About 1 year after the last response: how do you evaluate the price situation on the real estate market today?

So in our environment, nothing decent has come onto the market for about a year. It seems to be selling quietly. What comes onto the portals is... not purchasable.

Hello SoL and thank you very much for your contribution.

Not purchasable because the price/performance ratio is not right, or are the offered properties themselves not decent in terms of substance?

Not purchasable because the price/performance ratio is wrong or are the offered properties intrinsically not decent?

Yes...

Too expensive, no substance, financial suicide...

I have not been watching the market for long at present. The last time I "really" observed it was 10 years ago, but back then only condominiums. Since then, I have not dealt with buying real estate.

Was the situation significantly better in the last decade?