New rate twice as high - experiences

Next morning, the realtor calls: "I spoke with the owners and explained the situation." HALF AN HOUR later, realtor calls: "You can buy the house for €480,000."

Wow. You really had incredible luck that the owners lowered the price so quickly. Congratulations

Congratulations! I'm glad you have a happy ending! I think you can also see a bit of the market change there. Demand is still high, but opportunities are decreasing with the current interest rate situation.

Very cool, thanks for the update!

Banks actually always value inventory with a significant markdown. Even in absolute boom times.

Back then, during the absolute boom time in 2020, we had a similar structure. The house was perfect for us. But the bank valued it 100,000 euros lower. So it fell through.
The owners were promised too much by the realtor and therefore didn’t want to lower the price. We even spoke with them personally, and you could really tell it hurt them that they couldn’t sell the house to us. But the house was worth so much more and the bank was wrong.

Then we started building ourselves. After 8 months, they called us again. They no longer had the realtor. Asked if we were still interested...

Sometimes it’s really crazy how fate can play out. If the realtor had estimated a bit more realistically and advised better back then, we’d be in another city now with probably a different circle of friends.

Thank you all :)

Yes, a lot has come together indeed, luck, fate, call it whatever you want :)


that's how it can go :) But as people always like to say: When one door closes, another one opens somewhere else :)

Thank you very much for the feedback! That is very valuable and encouraging. The shift from a seller's market to a buyer's market is therefore indeed not an empty talk.

Good luck with the renovation!

also here again :)

I'm glad you "appreciate" the summary so much :)
For me, however, it was important (regardless of the outcome of the story) to give you the final feedback here, because a lot has already been written over many pages and support has been given with advice and help :)