Zaba12
2021-06-23 12:25:40
- #1
Yes and no. There is the market value/traffic value and the lending value. The lending value is always below the purchase price (except maybe for cheap purchases within the family). For the market value, it is also an automated valuation. A machine looks generally at the standard land value and estimates an objective value based on framework data (area, year of construction, condition). That is an approximation, nothing more. No "real" property valuation.
You must not worry about the lending value at all; otherwise, you will start doubting the whole topic of building/buying a house. Land from the city and still the unsecured portion of the loan was over €70k, even with €100k equity. There was no item not assigned to the house construction. If you now assume that others build on market-value usual plots… manoman.