Purchase opportunity single-family house from the 80s - risk?!

Hello everyone, I would like to provide a bit of input / discussion about our current situation. We currently have the opportunity to purchase a property that is very interesting for us. Unfortunately, almost everything fits for us here (500sqm land, 150sqm living space, good location, great layout, good condition (of course it needs to be modernized, but no renovation)). We would have liked to strike immediately, but unfortunately the heir has now commissioned real estate agents to evaluate the property (the heir wants to give us priority after the evaluation, to buy without agents), so we do not have a price yet. We naturally fear that the agents will flatter the owner to get the contract and convince him not to sell without agents. Due to the unsettled times, it is also difficult for us to assess the price. The prices from about a year ago can basically no longer be used (with last year’s interest rate level, the property would have cost about 600K (possibly even a bit more).

What needs to be done: Guest and main bathroom new, partly new flooring downstairs, all floors upstairs new, painting + various repairs, we would initially leave the outdoor area as is, gas heating about 15 years old (runs - leave it as is for now), water and electricity are fine.

How do we find the suitable / fair price for the property? Thank you! :)

How do we find the appropriate / fair price for the property? Thanks! :)

As always, there are different prices, all of which are correct. What is the property worth to you? What price do supply and demand allow? Enough houses are still being given the same price tag as last year. Enough are still sold at that price - but demand has dropped significantly. Other houses - especially those with gas heating - are rapidly dropping in price. Wait and see what price you are quoted first. Then you can initially decide for yourself whether it fits. And also renegotiate - I would definitely do that, no matter what price you are quoted. Main point of criticism: Gas I would guess that you can calculate 500€ monthly for gas if you use Check24 or similar. That is a good argument for negotiation.

How do we find the appropriate / fair price for the property? Thank you! :)

You? I think the agent does that?! And since the gentleman wants to be paid, the owner will add these costs on top. As a guideline for you, the portals with similar properties from your area could help.

As always, there are different prices, all of which are correct.

What is the property worth to you?
What price do supply and demand allow?

Enough houses are still getting the same price tag now as they did last year. Enough are still being sold at that price – but demand has dropped significantly. Other houses – especially those with gas heating – are rapidly dropping in price.

Wait and see what price you are given first. Then you can decide for yourself whether it fits. And also renegotiate – I would definitely do that, no matter what you are told. Main point of criticism: Gas

I would guess you can calculate €500 per month for gas if you consult Check24 or similar. That is a good negotiating argument.

This property has long been one that truly "impresses" us and where we could see ourselves as a family. However, I don’t want to let myself be blinded and want to stay realistic. Additional costs and rising interest rates are not insignificant... But I also see the current risks as an opportunity to acquire something here that could be our long-term home.

Looking ahead, I would replace the gas heating with a heat pump (but that’s all future talk). As mentioned, we fear that the agents are setting an "old price" to get the contract...

You? I think the agent does that?!
And since the gentleman wants to be paid, the owner will add these costs on top.
For you as a reference point, the portals with similar properties from your area could provide.

He has commissioned the agents to provide a free appraisal. However, they do not receive the order for marketing. (One can think what one wants)
Reference value: yes/no.. We know the approximate prices before the interest rate increase and the political situation quite well.. but currently, what can be set as a "discount"?!
I will try to convince the seller (if the agent suggests too high a price) to reduce the price. That is the plan :)

He commissioned the brokers to provide a free appraisal. However, they do not receive the mandate for the marketing. (you can think what you want) :)

Our newspapers are full of such free valuations. Brokers do this to find clients. If the house was worth 600,000 last year, then it is still worth that this year. The chances of finding someone who will pay 650,000 have clearly decreased, but it is enough if 2 out of the 50 interested parties from last year remain.