Ecologically built house with wooden facade - Features

... and after a few bidding rounds were actually selected as potential buyers. Unfortunately, in my opinion, the already excessive purchase price has risen significantly again, accordingly parents / financial advisors / building experts have, of course, thrown up their hands... ... the house viewing with the expert is still scheduled for tomorrow.

Hello everyone,

First of all, sorry that I haven’t been in touch for a while; in the last few days the events have kind of escalated a bit: We have thrown our hat into the ring for the house and, after a few bidding rounds, have actually been selected as potential buyers. Unfortunately, the purchase price, which I already considered to be excessive, has risen significantly because of this; accordingly, parents / financial advisors / building experts have of course thrown their hands up in despair... One parent would now actually even go so far as to have a house built for us on their (demolition) plot; how this legally looks would still have to be clarified (probably entry as co-owner), but it certainly wouldn’t be to our disadvantage. Advantage: You would have a modern house built to your wishes, 10 minutes by car to the city center (independent city in the Rhine-Main area), large plot, garden. Disadvantage: construction stress, current building costs, probably only available in two years, not the natural location we actually wanted. Advantages of the wooden house: lots of nature, large garden + meadow plot, immediately move-in ready. Disadvantages: see this thread, 20 minutes to the next larger town, 300-resident village, no infrastructure, high depreciation risk if the real estate market cools down again? On paper, the new build seems much more attractive, but you still can’t help but think about it...

By the way, I’m not expecting any decision help or anything (I haven’t provided enough info/details for that anyway), just wanted to give an update on the current status. So far we haven’t signed anything, plus the house inspection with the expert is scheduled for tomorrow. This week will still be very interesting o_O

Best regards,
Hausbaufaehig

a few bidding rounds

Personally, I would prefer the infrastructure and, given the case that you get along well with your parents? Then the property can simply be divided in the land register. Ask the building authority how it looks with access roads etc. (lowering the curb, etc.) You can also build a wooden house on the parents' property. Are you under pressure? Small apartment with children or something like that, or do you have time?

One round of bidding is already bad, but several rounds are a pretty clear sign that maybe you bid way too much. Especially if you already consider the price to be excessive yourself. I kept away from bidding procedures during our search, because Pyrrhus sends his regards. I would also advocate calmly going through the two options and clarifying the question marks regarding the new construction possibility.

then the ACUTE question is:

what is

- the value of the property?
(I see no information about size and location)

- what is the value of the house?

--> how does this total value (property AND house together) relate to your offer?

in other words:
is it advisable to urgently look for the "emergency exit"?
or is the purpose of the inspection with the expert "just" to avoid overlooking any significant defects?