House purchase foreclosure auction - What price is realistic

  • Erstellt am 2020-01-10 08:07:00

Burner610

2020-01-10 12:19:26
  • #1
With us, the standard land value is, for example, €24 per sqm... so really at the very bottom of the world, but still very nice. We could also build and would pay €20K for the plot. The €200K has been a limit for us for a used property of this age. You also have to consider the age. We don't need to talk about whether we can afford it here, don't worry about that.
 

HilfeHilfe

2020-01-10 12:20:11
  • #2
75k market value and bought for 100k. You want to buy it for 200k 2 years later. Hello?? Are you serious
 

nordanney

2020-01-10 12:24:59
  • #3

Age basically does not matter for a property. Here you would have a property that has a modern standard (new wiring + roof).

But then 180K is not enough for a house.

Want to have it both ways, but it doesn’t work.
 

Burner610

2020-01-10 12:31:03
  • #4
For a new build, our budget would of course be higher and also available. It's just that you don't want to pay too much for a house that is quite a bit older. Sure, I could also fork out 250k for it, but then I might as well pay a bit more and build.. Our budget of 200k was the actual limit for this used property, not what we can afford.. Sorry if that came across wrong.. I don't know why the market value was so low there. With the condition of the house and the size of the plot, the value is much higher than the 75k that was mentioned..
 

Burner610

2020-01-10 12:41:19
  • #5


That is not correct, it has apparently been vacant. Then the case would be different again, right? At least as far as the tax for him is concerned..
 

boxandroof

2020-01-10 12:50:26
  • #6
Does he want or have to sell now or not? If yes: the possible taxes are only his problem If no, then he apparently wants to be forced with an amount that is above the current market value. In both cases you just have to see what this whole thing is worth to you. Maybe something like rent-to-own is also possible.
 

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