Evaluate the object correctly - the right strategy

I like the attitude - I think in the medium term the right buyers/sellers will always be found. It's clearly about the money, but I won't buy myself blindly into an ecosystem with a neighborhood that I might not fit into in the worst case.

Sale can take from a few hours to a couple of months - everything is possible. I haven’t yet reached the mindset to blow half a million in a few hours.

This mindset comes with time on its own: You know what you can finance, you know what the place is worth, you know what renovation costs you have to bear. After a long time of searching, these rough calculations become very fast.

Well, the mindset of "blowing half a million" is usually unhealthy. The ability to know what you want, to quickly evaluate and decide, on the other hand, is not. The money is not gone; it only changes its state of matter.

This mindset comes with time on its own: You know what you can finance, you know what the place is worth, you know what renovation costs you have to bear. After a long time of searching, these rough calculations become very quick.

Yes, it is a learning process. That is clear. Still, the feeling is not pleasant to hand over so much money.

On the contrary. When it really comes down to you signing, then you know that in that moment you are doing the right thing. Half a million euros? Doesn’t matter, you know what great thing you’re getting for it. I thought it was a nice moment.

It will take a few months to develop a sense of pricing. For me, it was helpful to have a house appraised by the inspector. I then recreated his calculation in Excel and was thus able to assess other properties quite well. The necessary parameters (BRW, construction price index, value-preserving measures) can be found online, updated annually.

In addition, you should know the strengths and weaknesses of a construction year to estimate follow-up costs. A realtor wants a quick success. An informed buyer, who maybe offers less but knows what he is doing, can be more attractive than one who agrees immediately and then backs out again after two weeks or at the notary. So you need to project knowledge and determination and be able to defend your price. The realtor must hit a stone wall with the emotional approach towards you.