Should we buy an overpriced property?

Broker, one of the most unnecessary jobs ever :)

If only the fees were paid by the party too lazy to market their property themselves, I wouldn't mind. But instead, this blatant nonsense is forced onto the buyer party, simply because there is demand and they will more or less have to pay it.

Anecdote from my usual financing day-to-day business. New construction multi-family house in a good location ==> loan value corresponds to 16 times the annual rent. Construction costs are perhaps 23-25 times the annual rent. Market value at 35 times the annual rent. 100% financing at purchase = 55% equity required + incidental purchase costs from equity. The valuation in the simple single-family house sector is quite manageable.

Yes, I already suspected something like that. Crazy "nonsense" that (after a short time) construction costs are not equal to market value and that is practically already directly after completion.

Crazy "nonsense" that (after a short time) construction costs are not equal to market value and that this is basically already the case immediately after completion.

A baked cake ready for sale at the bakery counter also has a higher price than the sum of costs for ingredients, machine depreciation, labor wages, etc.

There are not many options. If you can get the house at the estimated price without an agent, that is already great in the current market situation.

If it seems too expensive to you, of course you can also make a lower offer to the seller and hope that you still get it.
It naturally depends on the relationship you have with the seller.
If the seller wants to sell the house to you because he knows you or something, he might come down a bit on the price.
If the seller wants to sell the house at the highest possible price, then your chances are slim.
If the seller also gets an offer from other interested parties that is perhaps even above the estimated price, the outlook is bad for you as well.

I would say if you like the house and can afford it, then buy!

Maybe sell the condominium in a few years and use the money for special repayments. Then the remaining debt after 20 years should also be significantly smaller.

Yes and no. There is the market value/sales value and the mortgage lending value. The mortgage lending value is always below the purchase price (except maybe in favorable purchases within the family). The market value is also an automated valuation. A machine looks broadly at the standard land value and, based on general data (area, year of construction, condition), estimates a replacement value. It is an approximation, nothing more. Not a "real" property valuation.

Our house was even valued at 0 euros because it is 200 years old. :D The national credit lenders would only have supported the land value, which is also a joke considering the real prices locally. According to the broker, there was also a lack of easily accessible comparable prices, since the plots and properties in the area are only available through private deals.

If the fees were at least paid by the party that is too lazy to market their property themselves, I wouldn't mind. But as it is, the audacious nonsense is forced upon the buyer's side because there is demand and they will have to pay it one way or another.

If there were at least a service in return for the many thousands of euros. During a property viewing, the agent gave us the address and said if we had any questions, we should get in touch. And for that, he wanted about €7,000.