House found - financing possible?

Thank you for your answers and reassuring words.

The purchase price is the purchase price without additional costs.
The loan amount is €296,000.

I forgot to ask one important question.
Would you use KFW 124 for over €100k? It's only a 10-year fixed interest period, but I believe I read that the loan can be repaid early afterwards. The broker advises me not to use the loan (probably because his commission decreases?).

Is the house worth it? An expert is definitely advisable for such an investment. Or get an impression through a price compass from, for example, McMakler or something similar. 330,000 for 120sqm from 2013 including land ... it won't be in the middle of nowhere, but it doesn't sound too bad.

We have looked at it three times. Apart from the usual settlement cracks in the roof structure (normal after 10 years), nothing to see. You just can't take every wall cabinet in the kitchen off the wall.
I had the value determined by two banks. Bank 1 says 425,000€, Bank 2 says 385,000€. I don't know yet what to make of that.

I would have no concerns investing 1500 monthly with an income of 6k. Two points that apparently have not yet been considered: the alternative is probably a rental apartment, which also has to be paid for. And, the own home is a retirement provision, so you can also spend a little less elsewhere for a few years - if things get tight (loss of salary or something). Regards

I had the value determined by two banks. Bank 1 says €425,000, Bank 2 says €385,000. I still don’t know what to do with that.

Do yourself a favor and spend a few euros on an independent appraiser. And don’t trust the banks :cool:

You are not doing badly, but you are simply very anxious - which also puts a great strain on your household budget: leasing the cars for only 12 months is significantly more expensive than with the usual terms (especially if they are new vehicles). Are you at least using the (in my opinion even almost obvious) option to lease used vehicles (returns from 36-month leases)? What I do not understand is: how you on the one hand present yourself as someone who only spends money that is already available, but on the other hand have to pay 1,500 per month for loans. That sounds contradictory to me.

I had the value determined by two banks. Bank 1 says €425,000, Bank 2 says €385,000. I do not yet know what to make of it.

Well, given the price of only 329k, it is obvious that both banks do not share your fear of an imminent loss of value of the house. Banks especially are well aware of the artificial aging of heating systems caused by legislation ;-)

Do yourself a favor and spend a few euros on an independent appraiser. And don’t trust the banks :cool:

I consider a third appraisal nonsense. Even in good times, every appraisal is just a rough estimate and especially in the current situation, with volatile interest rates and political uncertainty, this is even more true. You can use an appraiser for the building structure, but after 10 years, there should hardly be anything to find there.