Procedure for purchasing a property in need of renovation

Yes. Then hands off. Good luck with the further search!

Thanks again for your advice.

The real estate agent was also very honest. He said that 8 years ago he would probably have priced the house at 160 and likely needed over a year to sell it. It's really crazy how things have developed.

Yes, that's true. We heard from neighbors that they basically received their houses from the city about 30 years ago as a gift because no one wanted them. When I think about the fact that our house isn't even completely renovated yet and is just a small semi-detached house, it is currently worth at least €400,000 o_O.

But you will find something! Usually, a better opportunity still comes up.