Financing | Single-family house | Feasibility | 2nd rank

The question is how quickly, in the current situation, one can find a buyer who doesn't back out just before the notary appointment and who is willing to pay the full appraised value.

Currently, there is fear going around that either the apartments will become more expensive (Betongold) or everything will collapse because no one has liquidity anymore. Therefore, I actually want to sit out the whole thing with the condominium in the portfolio.

Well, then just wait in case of doubt. If the apartment was such a bargain, it should be possible to sell it at a good profit. There are definitely still liquid people... Otherwise, be sure to clarify the financing before the notary. Otherwise, you might end up underwater.

Well, then just wait in case of doubt. If the apartment was such a bargain, it should be able to be sold with a good profit. There are definitely still liquid people... Otherwise, definitely clarify the financing with the notary beforehand. Otherwise, you might go under.

That is now exactly my main goal! Which actually should have been finished a long time ago... but that dear little Corona critter...

Therefore, I actually want to wait it out with the condominium in the portfolio.

Is there a default risk on the current tenant's rent payments? Or civil servant/pensioner/social/asylum benefits recipient?

Is there a risk of default on rent payments with the current tenant? Or civil servant/pensioner/recipient of social/asylum benefits?

The risk of default is very low, as the rent is paid entirely by the authorities. In any communication with the authorities, I assist my tenant (positive karma) and can contribute to ensuring that no payments are missed. -> has been like this for many years.

Regarding the condominium: Not "only" 30k has been repaid. The condominium has a proven value of 250-300k and an outstanding debt of 120k

A note from me. The value of a rented condominium is different from that of an unoccupied one (namely lower). At the price you mentioned, the yield does not even reach 3% (at a purchase price of 300k approx. 2.5%, purchase ancillary costs not considered, which also have to be paid). And that is gross before management costs and taxes. So an extremely unattractive investment - at least for a capital investor in the real estate sector.
The owner-occupier will demand a significant price reduction because they have to enforce a termination for personal use.