House inspected, what’s the next step?

Due to the low purchase price, I also conclude that it is not a highly sought-after area. Thus, the demand should be correspondingly low, and you should have time to thoroughly examine the property. If this is not necessary, I would ask the agent at what price the seller would be willing to sell quickly and hassle-free. The more you engage the agent in conversation, the more information you will receive. Do not be too impressed if the agent says that there is a lot of demand... blah blah blah. That is the agent’s job. Therefore, try to show as little emotion as possible. Technically, the next step would be an agreement on the purchase price and terms between you and the seller. Based on this information, a draft purchase contract will then be prepared by the notary of your choice. The notary is usually chosen by the buyer. Once the draft contract is approved by both parties, the contract can be signed. I wish you much success and hope to have helped you with my many years of experience after your house search.

Well, but at a purchase price of 189k it certainly can't be a sought-after location. I would definitely negotiate and never put myself under pressure. Make a binding offer at the amount it is worth to you, including financing confirmation. Even if it may not look like it now, the next house will surely come.

Sorry, the price says nothing about a location. Surely it is not central or close to a big city, but there are enough municipalities with train connections to the big city that are cozy themselves, offer sufficient infrastructure, and also settlements where you can still get adequate living space for such sums. That can also be called a good location! My house was in the same price range, under 200,000 like many others. And it was a nice terraced house with a basement, in good condition, so you could move in immediately without renovation. Please show some foresight instead of talking it down, gentlemen!

Hello, thanks already for the answers. The location is fine. It is located on a side street (traffic-calmed) of an older residential area. We are a small town with a total of about 80k inhabitants. The price is relatively low because it is quite small, 100sqm, and not in absolute top condition. The interior condition is renovated and refurbished. The pipes were done in the early 2000s. However, I see the facade and the roof as in need of renovation. I cannot estimate the cost though.

You can move in with a clear conscience immediately. That was important to us.

We still have time until next week, then all viewings will probably be completed.

Now I do have one or two more questions:

When is a second viewing usually?

Can someone tell me what material this is? > picture

The image is far too small to see anything on it.

Be brave and see yourselves as someone who is ready to be "the money" in this matter. Under no circumstances should it feel as if you will or will not be granted an old building.

When you are "the money," the question of when the second viewing is also becomes less important. Firstly, soon; secondly, when you can bring the expert with you.

For price determination, I would focus on two factors: budget and expert assessment. My personal opinion: don’t get overheated, don’t cut just on principle. In any case, the bank would notice an overpayment and at least respond with unattractive interest rates. I would set the found value as it objectively presents itself; if I were in a cheeky mood, I would put the offer on a deadline. I increasingly see market developments in Stuttgart suggesting a relaxation in mid-level segments.

Good luck and relaxed hunting
Gabriele

Here is the picture again