Defensive offer, or have house prices become so expensive?

2022-01-06 16:26:56

What do you think your current place is worth ... Among acquaintances it was already said that young used homes are worth more than new builds because there are no more plots of land. Take it or leave it (or keep living in 3-4 rooms renting).

That means: The additional costs that scare you now, you will be able to get back at least 1:1 when selling your current property. Auction procedures are your friend.

I don’t know. I somehow had 500k in mind (before maybe 550), but I think that might be too little. We have an attractive house on a great plot size. Brand new and with all the sustainability gimmicks including our own wallbox. However, rural. The city we moved away from is about 38km away, to the southern end it’s a 25-30 minute commute. And here in this rural corner, at least used houses are still available from agents around 450k. But those are 30 years old and by comparison miss quite a lot compared to ours. I’ll wait for the bank appointment, I only have chaos in my head about the sale price. I didn’t really want to do an auction or something like that, it somehow seems antisocial to me.

2022-01-06 16:47:12

Which general contractor was the first offer from?

2022-01-06 16:49:16

I actually didn’t want to do a bidding process or something like that, it somehow seems antisocial to me.

When we sold our house (about 5 years ago), a bidding process somehow happened by itself. But the other way around… o_O The interested parties always bid below the listed price. I didn’t find that bad or antisocial either ;). We had time and within a year a buyer was found on our terms. I think the bidders from back then are kicking themselves today… because meanwhile the few available houses are being listed for much more.

2022-01-06 16:54:37

I don’t know. I somehow had 500k in mind (previously 550), but I think that might be too little after all. We have a nice house on a great plot size. Brand new and with all the sustainability gimmicks including our own wallbox. However, it’s rural. The city we moved away from is about 38km away, commuting to the southern end takes 25-30 minutes. And here in this rural area, at least used houses are still available around 450k from realtors. But they are 30 years old and lack quite a lot compared to ours. I’ll just wait for the bank appointment, I only have chaos in my head regarding the selling price. I actually didn’t want to do a bidding process or something like that, it somehow feels unsocial to me.

With a bidding process you can get the most out of it. And I would definitely do it. Because what you don’t get by avoiding the bidding process, you have to pay elsewhere in the new build anyway.

2022-01-06 17:34:52

What do you think your current place is worth ... In my circle of acquaintances, it has already been said that young used homes are worth more than new builds because there are no more plots of land. Meaning: The additional costs that shock you now, you can get back at least 1:1 when selling the current property.

Agreement.

Auction procedure is your friend.

I actually didn't want to do an auction procedure or something like that, it somehow seems antisocial to me.

With the auction procedure you will be able to get the most out of it. And I would definitely do it. Because what you don't get by avoiding the auction procedure, you will have to pay for elsewhere in the new build.

"Auction procedures" are not a suitable instrument. Those who watch too much TV can sometimes lose track of the subtle differences ;-) between cash for valuables and reality. What the OP is too timid about in selling will harm her result, yes – but concluding that "auction procedures" would be the solution is far from correct.

2022-01-06 17:48:37

Agreement.

"Bidding procedures" are not a suitable instrument. Those who watch too much television can sometimes lose the fine distinctions ;-) between Bargain Hunt and reality. What the OP is too timid about in the sale will harm her result, yes – but to conclude from that that "bidding procedures" would be the solution is far off the mark.

I would not sign off on that. Of course, it also depends on the area and the supply and demand. I compare bidding procedures to a forced auction. And around here, old houses go for several times the market value.

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Defensive offer, or have house prices become so expensive?

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