House price reasonable?!

I have since also exchanged information with our bank advisor and with the real estate colleagues at the bank. It actually looks like the price for the delivered quality is too high. However, I want to wait for the appointment with the architect. He has already pointed out, after we have now also received the exact floor plans, that it is probably only 170 sqm of living space. The estimate from is probably quite accurate, at around €340,000.

Currently, many sellers simply assume they are in a better position because there are more interested buyers than properties.

Since the family hasn't had the house for too long and probably financed part of it, they are likely trying (understandably) to break even. Maybe they added the applicable prepayment penalty to the purchase price (we had such a case once).

Ps: My house was appraised by an expert for nearly 20,000 euros less than what I wanted. Nevertheless, I was able to sell it for my asking price.

A house is worth as much as a buyer is willing to pay for it.

Well, the traffic values of the banks are NOT market prices!!! The banks themselves say that their tables used for valuation are usually already very outdated and then they also have super strong safety deductions, etc. So you can't rely on those values at all. We bought our apartment at price X and completely renovated it. Afterwards, it was equivalent to a new-build apartment, although it was only 5 years old at the time of purchase. We lived in it for three years and the market drove the prices in the area up tremendously. So afterwards, we listed the apartment ourselves on ImmoScout for price X plus our renovation costs and an additional market premium from our side. The buyers of our apartment financed through the same bank as we had done three years earlier... And what did the bank do at the beginning??? They simply valued the apartment at the price we had bought it three years earlier... "A revaluation is not planned even three years later!" was their statement... So much for banks and their valuations. In the end, we sold the apartment at our desired price as well. Today, 1.5 years later, the apartment would be even a decent bit more expensive! Markets are just extremely intense at the moment when it comes to price increases... But what else are people supposed to invest their money in if they are rather risk-averse.

So.. Since the homeowner again cannot or does not want to attend a joint appointment today, we are withdrawing from the purchase. We are going on vacation for three weeks now, and if the house is still not sold then, we will talk to him or the real estate agent again.

Have a great vacation!!! And if fate wills it, the house will still be available in three weeks. You never know what kind of situation people are in...