Finance another house...

Hello,

sorry again but how do you always come to the 250k?

250/340 = 0.73x =~70%. You claimed that these might also not be achievable. Why?

Well, I never mentioned them anywhere.

But I did. And you responded to that.

But as nordanney already aptly posted, purchase price at the time of a property where nothing is really finished, investment backlog that has not been resolved.

The sentence is incomplete, but the statement is probably wrong. Valuation/mortgage/purchase price refer to the time of the unrenovated property - if nothing has changed about that, then the market value today unrenovated is still 340k€+x.

Renovated (100-150k€ are being discussed) the property would have a value of +400 up to possibly 500k€.

I still wish for respect here, even if one doesn't like the statements. You write very aggressively at times.

If you label my statements as nonsense and can’t explain how you support your valuation? Are you surprised by that?

Best regards
Dirk Grafe

As has already been mentioned several times here, an appraisal or a bank valuation is of no use if no buyer is found. He can simply "for fun" offer the house for 350,000. Then he will see whether there is any interest at all or whether someone would buy it. Otherwise, no one here can say for sure, start building, you will definitely get rid of your house for the amount X.

As has been mentioned several times here already, an appraisal or a bank valuation is useless if no buyer can be found.

You are going around in circles. Why should no buyer be found? The assumption that no (!) buyer could be found is equivalent to the assumption/fact that the property is drastically overpriced - which brings us back to the question of what you think that is based on?

I am asking this question for the 10th time now and only get evasions...

He can simply "for fun" offer the house for 350,000.- Then he will see whether there is any interest at all or if anyone would buy it.

Finally a useful thought. By the way, I would have already offered it for 395K€. It costs 500€ for a listing and provides feedback.

Best regards
Dirk Grafe

You are going in circles. Why should no buyer be found? The assumption that no (!) buyer could be found is equivalent to the assumption/fact that the property is massively overvalued – which brings us back to the question of what this, in your/your opinion, is based on?

This is the 10th time I am asking this question and only get excuses ...

Finally a useful thought. By the way, I would have already offered it for 395k€. It costs 500€ for a listing and delivers feedback.

Best regards
Dirk Grafe

Unfortunately, I can no longer find the post, but Bauexperte once wrote in a thread that you can also "burn" a property on the market. At that time, I understood it in the context that one should not just put it on the market but think carefully about it. Maybe I misunderstood that back then.

Okay, I found it after all, but it was from ypg:

That can indeed happen, but the risk here is relatively low. Because what could happen? The property has repair backlog, the owner has sufficient financial resources, the monthly burden is absolutely manageable – so the worst thing that could happen to him is that he (finally properly) renovates the house and lives in it for 30 years.

Drama sounds different.

Best regards
Dirk Grafe

You are going around in circles. Why should no buyer be found? The assumption that no (!) buyer could be found is equivalent to the assumption/fact that the property is grossly overvalued – which brings us back to the question of what your/your opinion is based on?

I am asking this for the 10th time now and only get excuses...



Finally a useful thought. By the way, I would have already offered it for €395K a long time ago. It costs €500 for an ad and yields feedback.

Best regards
Dirk Grafe

It costs nothing at all on Ebay Classifieds, I believe, and that’s enough for an initial assessment. Or you hire an agent at an exorbitant price and then either don’t sell at all or sell at the exorbitant price and be happy about it...
The problem is rather if you list the house with multiple agents to death, in the worst case with different details and at different prices.
If it’s listed multiple times or for a longer period, those for whom it is an option will still look at it if everything else is consistent.
As an interested party, I look, see the house, and call, regardless of whether it has been listed for a while or not. The uncertain interested parties who watch a house for 6 months before calling don’t buy it anyway.