Financing purchase of existing house BW, 800-850k€

Yes, you can also have quadruplets. Both can lose their jobs at the same time. I understand what you want to express with your post, but you can also exaggerate the pessimism. Sure, anything can happen... but everything can also go more or less normally or, yes, even well. And, excuse me, with 25% of the household income, really only the high earners can still finance their house... or would that work for you with about, say, 1,600 euros household income? ;-)

We pay 800 euros monthly for our financing (5-year-old condominium with 90 m2 living space, 60 m2 terrace, 2 garages, upscale standard). That was the amount with which we can sleep well and still be able to "live".

.. Sorry, only the real high earners can still finance their house with 25% of the household income … or would that work for you with about, say, 1,600 euros household income? ;-)

25% would certainly be healthier than well over 33% of the household income – which nowadays threatens to become completely "normal" due to the current exaggerations. That it probably can't be done differently at the current clearance sale prices is another matter..

Sorry, what kind of regulation is that? I've never heard of that before. Then soon no one will buy or build anything anymore. 50% of one salary? With two salaries of 3,000 net and a combined household income of 6,000 euros, you're supposed to calculate with 1,500 euros income, or what? You can't even cover your living expenses with a cheap rental apartment. And even if you mean the 1,500 euros just for housing, that's still pretty conservative.

yeah, with 1,500 repayment to the bank. After all, you still want to eat your beef fillet and go on vacation, right?

Sorry, what kind of regulation is that? I've never heard of that before. Then soon no one will buy or build anything anymore. 50% of one salary? With two salaries of 3,000 net and a combined household income of 6,000 euros, you're supposed to calculate with 1,500 euros income, or what? You can't even cover your living expenses with a cheap rental apartment. And even if you mean the 1,500 euros just for housing, that's still pretty conservative.

The '25%' referred to cold rent or repayment. For 1,500 per month, you can already borrow quite a lot of money from the bank, and I consider that healthy. Nevertheless, options are limited due to the circumstances in urban areas and in the south. Not because building is inherently more expensive there (that's nonsense), but because the land alone is so expensive and the shortage of craftsmen drives up the prices of trades.

Then I understood the whole thing wrong. I thought it was 25% of total income and not 25% for the loan. :-)

Will you tell us how the story ended? I always find that very important so that all other contributors and readers can benefit from it :-)

Hello everyone and sorry for the late reply.

Many thanks again to everyone for this exchange, it has, in my opinion, guided us in the right direction with our undertaking.

This ultimately led to us rejecting the offer which is non-negotiable but apparently actually corresponds to the original price of 925k€. We did not even submit our offer because we ourselves do not want to buy it at this price. Besides, there is apparently already at least one offer for exactly this target price.

The final reason for this decision is a combination of various thoughts. We calculated it through in several scenarios and are still convinced that we CAN finance the nice property – but the suspected enormous operating costs of the house, which emerged from the second appointment and review of the documents, combined with other expenses such as the operation of the granny flat or the pool maintenance, scale too heavily for us over the decades with the factor time.

Without even giving the self-designed home a real chance, we do not want to indulge ourselves in such tempting overall packages, especially after the last appointments with home builders. In my opinion, the new houses are simply too attractive in terms of price for that. We will therefore continue and intensify the battle for the plots. :cool:

I would therefore like to once again express our thanks for your time and honest, very informative as well as stimulating participation in our project. It’s quite possible that I will get back to you again :)

I wish you all a relaxed Christmas and much success in your projects.

Best regards