Hello, here’s the update after almost a year:
We received an appraisal from a real estate agent commissioned by the landlady: He is asking for a selling price of about 700K EUR (value already reduced by 15% discount because it’s rented). When I query the Spardose property valuation tool, I get a value of about 650K EUR. So much for the crystal ball comparison. My 5% rental yield... well, let’s just say: luckily I never said that out loud. Also thanks to you :D
The current situation is that the landlady asked us once if she could do some cosmetic repairs before the sale, but now apparently can’t get any craftsmen for it and is thus postponing the sale again and again. That’s fine by us. Doesn’t seem that urgent.
The time has really helped us to clarify whether we want to stay in this house or not. Ultimately, the too small garden is probably the exclusion criterion for us. Since then, we have been diligently searching for a house with a bigger garden or a corresponding building plot. If it’s not going to get cheaper, it at least may be closer to our wishes.
Many thanks here for the tips.
Best regards