Is buying a house sensible in the current market situation?!

So you are looking for a detached house, close to the city center in the front near the pedestrian zone (but with its own garage) and at the same time a quiet garden in the back (and accessible via a private bicycle path). Without any backlog of renovations and all ideally for half a million (or less. Where a terraced house already costs that much). Correctly understood?

You notice something... somewhere you have to make compromises. Otherwise, in 5 years you will still be in the rental apartment. Maybe by then with a notice of own use in your hand...

Sure, that would be enough. But honestly: it can sometimes take years and the meantime can really wear you down. I’d rather have the bird in the hand than the one on the roof (something like that was the saying, right?). I still remember very well how we searched for real estate almost daily on the usual portals and got more and more annoyed week by week because the dream property didn’t come up or nothing new came up at all. That was very annoying too.

Ultimately, it’s your decision, which no one can take away from you. Make a list of the hard facts your dream house absolutely has to meet and the absolute no-gos. Compare the contents with the house offered and then make your decision.

That’s not so easy, you rarely miss something you never had or know. I can come to terms with certain things/processes (carrying my wife’s pedelec down to the basement every day) but I don’t want to do it :) Maybe the garden access doesn’t matter to me at all, no idea (just an estimate at the moment)
It’s not so easy since it’s still a relatively blank slate.
I can say what bothers me now and could also say after some time what would bother me in this terraced house (if I were living in it)

not meant entirely seriously... one could wait until, in the current situation (covid-19), one or the other house becomes unaffordable and thus more "good" offers come in

Many are waiting for that. I work at a credit institution and our list of registered customers for real estate brokerage plus financing is long, very long! If the financing of a property, in which we are also registered in the land register, gets into trouble, we know exactly who we only have to notify once. No one sits down and posts that on eBay Classifieds. However, we have had hardly any cases so far where Corona threatens the financing. Not much will happen there anymore and the vaccine is already on the way.

So you are looking for a detached house, close to the city center in front near the pedestrian zone (but with your own garage) and a very quiet garden at the back (accessible via a private bicycle path). Without renovation backlog and ideally for half a million (or less. Where a terraced house already costs that much). Correctly understood? Do you notice... somewhere you have to make compromises. Otherwise, in 5 years you will still be standing in the rental apartment. By now maybe with a notice of personal use in hand...

Exactly! That’s the wish and I don’t think almost everyone doesn’t want it that way... that’s what I’m working towards. Without sounding too naive, why should I settle for significantly less. But I thank you for the honest words

Many are waiting for that. I work at a credit institution and our list of registered customers for property brokerage plus financing is long, very long! If the financing of a property where we are listed in the land register gets into trouble, we know exactly whom we only need to notify once. No one sits down and posts that on eBay Classifieds. However, we have had hardly any cases so far where Corona threatens the financing. Not much more will happen there, and the vaccine is already on the way.

was, as written, not meant entirely seriously. In my opinion, it is also the case here that in the locations we look at, there are no "losers" who do not have enough breathing room through their own performance or generous inheritances. When I think about the inheritances pending in my circle of friends, it makes me sick. That is more than impressive

and because almost everyone wants it that way and it meets a low supply level, what is the likelihood of that?

Sorry, but most interested parties (in dual-income households and under 40) can afford half a million, it’s really not that much anymore with the low interest rates!

And why should a seller want to offer something like that below market price? I’m not familiar with Osnabrück but if you have to pay 550 TE for a renovated terraced house, you won’t get your dream house for under 750 to 800 TE. So make friends with this price or lower your expectations. That's it.

About the location. Close to the city with children, I don’t find that very appealing. Better something in the suburbs, like a semi-detached house. Sure, then you will have to commute more but just find something with good bus connections or similar.