Semi-detached house overpriced - Is the financing realistic?

Are you demanding an expert opinion in the forum now ;)))

Well, Nida35a has already written that real estate around Berlin is like gold dust. But I don't want to pay for gold bars and only receive dust ;-)

Well, Nida35a already wrote that real estate around Berlin is like gold dust. But I don't want to pay for gold bars and only get dust ;-)

You did receive an assessment that the new building is cheaper than your "old and worn" semi-detached house. +/- 0.5 million is the value + a premium for the enthusiast who is blindly desperate.

The question is still a bit how much the property is actually worth. Here, currently 300-500€ more are already being paid than the standard land value from 2018. That would change the situation a bit.

But it still sounds like it’s too expensive. I would just express interest and wait to see if anything is possible with the price.

But regardless, the question is also what it’s worth to you personally. We once didn’t buy a house in an absolutely dream location because everyone around us thought it was too expensive. Considering what we are now building four years later for the same high price, in hindsight, I would have preferred to have had the absolute dream location. But of course, you only know that afterward. On the other hand, I’m glad we didn’t get another property. Difficult decisions....

You have received an assessment that the new building is cheaper than your "old and shabby" semi-detached house. +/- 0.5 million is the value + a premium for the enthusiast who is blindly desperate.

The houses in 2018 went out at the price you mentioned. Accordingly, is the value the same as in 2018? There has been no increase in value up to today in Berlin and the surrounding area? I'm curious to see what my bank says when I mention the seller's desired price.

Thank you for the info. Are the semi-detached houses also basemented?

Yes, otherwise they would not have enough living space.

I am curious to see what my bank says when I mention the seller's asking price

So the price is okay for you? For the house, you can apply any valuation. €400,000 is just as mathematically justifiable as €700,000. But as I said, it’s too expensive for the location. I tell you this as a real estate banker. Stay away from it at that price.