Should we buy an overpriced property?

  • Erstellt am 2021-06-23 11:32:12

Bauer123

2021-06-24 08:27:47
  • #1
The rate is just 20% above the current rent and you have a house where everything fits. You don’t have to renovate/repair anything major and can move in.

If you can afford the rate - go for it. And 130k debt in 20 years... so what, who knows what will happen then.

And also without a realtor.. consider yourself lucky. Don’t miss this opportunity. You will probably regret it later if you don’t take it.
 

Tolentino

2021-06-24 08:56:37
  • #2

Somewhere between a kebab menu and a new car in the lower middle class...
 

Pinkiponk

2021-06-24 09:07:02
  • #3
In this forum there are banking professionals, my opinion is that of a layman: The property valuation by banks tends to be closer to foreclosure value than current market value. I agree with my predecessors who recommend a purchase. I keep my fingers crossed that it works out for you.
 

ypg

2021-06-24 10:13:44
  • #4
Yes exactly. But I don't think that is just a layman's opinion. Market value is not the same as fair market value.
 

nordanney

2021-06-24 11:25:21
  • #5

Market value and transaction value are synonyms and mean the same. Apart from that, there is only the lending value.
 

driver55

2021-06-24 12:11:37
  • #6
I would wait if you only want a house when you retire. :D Any other questions? What amounts are we even talking about here? What and where is the object of desire? And that your assumed 20% might not be that at all has already been pointed out. ;) BTW: the real estate agent (money counter?) was probably derived from the then currency Mark. :)
 

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