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

  • Erstellt am 2022-10-17 11:37:43

BackSteinGotik

2022-10-17 22:17:48
  • #1


It has already been written here – there is no "the" price. At most, there is a price suitable for you, which you are still willing to pay today. This includes the additional costs for gas and the massively increased costs of money. Then you have to see what you can and want to pay. With that, you can enter negotiations. If you have enough equity and still have chances for a loan, your position is certainly better than last year. Everything else will show itself. Show open interest, find your price idea, and then you can only wait. Maybe someone else will buy, or nothing will come, and the seller will be glad to still have you at hand.
 

Joedreck

2022-10-18 06:08:12
  • #2
I would simply turn the tables. If you don't agree with the price from the broker, you offer what suits you. Together with the note that the offer [e.g. 3 weeks] remains valid. After that, no longer. Since you were in contact before the broker, a broker commission is basically not due. However, they will move heaven and earth to get their money if you buy it.
 

Alibert87

2022-10-18 09:20:34
  • #3


that's the problem; and then a kind of bidding process starts. I think good properties in A and B locations are "unfortunately" still in demand. And when I see what some people from friends and acquaintances receive as a "financial boost," then we're out. I can't work and save that much...
 

Alibert87

2022-10-18 09:48:05
  • #4


Roughly, we have budgeted 100k for modernization and partial repairs. Well aware that we will replace the windows: solid wood from the year of construction, and doors as well, prospectively. We would renew the roof insulation ourselves or insulate the attic floor (we don't need the space).
 

Alibert87

2022-10-18 09:56:33
  • #5
Yes, he doesn’t have to do it. That’s clear. We had (do we still have!?) the hope that the owner, as he said, wants to give a young family the chance to buy. And yes, that might just be "bla bla"... It’s really a dilemma, because we really like the house. We really assume that the agents’ assessments will nullify that. Then the house goes to the open market and some buyer with too much money sitting idle buys it for their child (we’ve already had that situation). That’s life, yes, but I find it disgusting :)
 

Alibert87

2022-10-18 09:59:17
  • #6


What do you mean by "rock-solid offer"? To get ahead of the agents' assessment? I think that doesn't affect the seller. He wants to test the price.
 

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