Single-family house from 1987. Evaluation of the price and the "necessary" work

nice to read something like this :) That's why, I think this won't be an energetic black hole here :) That's how this single-family house was nicknamed on the first pages :D

I don't know the details, but if the sale drags on a bit and the renovation takes time anyway, then winter will be over again. I do have hope that energy costs will recover in the medium term.

Nice to read something like this :) That's why I think this won't be an energetic black hole here :) That's how this single-family house was dubbed on the first pages :D

The opposite would then possibly be the very modern houses, optionally in the submarine or plastic bag design. People then complain (also here in the forum!) that the place can no longer be cooled down during longer heat periods, which scientists say are becoming more frequent and longer. So they put in an air conditioner and keep it running :rolleyes: I consider a reasonable compromise to be sensible and pleasant in terms of living quality, and that can definitely be achieved with an energetically sensible(!) renovated existing building.

so just before us there was another couple there. There are still interested parties (whether also potential buyers, no idea) But the price will probably only be adjusted by a maximum of €10,000. However, we don't want to gamble and hope that the realtor is "bluffing". The house was basically already sold (that's why the listing was deactivated at the time) The notary appointment was already set. But a day before, it was canceled due to financing not being approved)

Of course the realtor is bluffing – or why would another couple coincidentally be walking through the house before you? Currently, you are hoping for a 2% price reduction, but the realtor and the owners have certainly built in more leeway. If the story about the failed financing is true, but the realtor still does not ask for secured financing in advance, the rush probably isn’t that big.

In the good old days, he would have gathered enough interested parties in the first round before deactivating the listing to be able to close with at least 3 people. Apparently, it’s different now – but he knows that it could be you. If he can read your signals, he will know that you would even pay extra – even if he knows that the owners would sell for €25,000 less.

But if you’re very emotional about this, you will probably have to bite the bullet...

So, through the thread it occurred to me that I owe you an update.

So, we have a notary appointment next week. We inspected the house with an energy consultant. It was rated as top. What MUST be done is the conservatory. The windows are of high quality and do not need to be replaced (would only be an aesthetic issue). According to the consultant, "How long do you plan to live here to recoup the money as savings?" The roof is also completely fine and already insulated. It would be a waste of money. What I "should" do: insulate the basement ceiling, insulate the chicken ladder to the attic, have a gas/water specialist check the heating for adjustment.

Otherwise, the usual work will be done, new bathrooms, new floors, etc.

Still, I have a slight gut feeling. The price is fixed at 540,000. Interest rates have risen daily. The payment is already quite high. The standard of living can be maintained normally. Initially, only €500 per month will be saved instead of €1,100 (for 3-4 years).

I would like to gamble and see if the other interested party can also manage it. But the risk that he can is high. Status two weeks ago: This is not a bluff by the agent. I even know the other interested party. He himself is also "well-known" in the town. He owns a house and has a well-paid job.

It is even so that the guy has already had a kitchen planned. We found out about it by chance when we ourselves were looking for a kitchen. The consultant at the studio only said, "I already saw the picture of this kitchen last week and planned a new kitchen"... We were even able to see the design. I’d say, I only plan a new kitchen if I’m already relatively sure...

Our luck was that the other interested party went on vacation for 2 weeks.

Yeah, that’s how it looks... I don’t really know why I have this gut feeling... is it "just" the high payment?! Fear of such a step?! Condominium to single-family house. With a more than double payment? Fear of renovation? Fear of stress? Wife with a 3-year-old child... I don’t know :)

Of course the agent is bluffing – or why is another couple coincidentally walking through the house in front of you? At the moment you’re hoping for a 2% price reduction, but the agent & the owners have certainly built in more leeway.

Well, how much buffer they built in only plays a subordinate role if they have enough interested parties. We also had the situation that subsequent viewings usually saw the previous ones (I talk too much^^), and we also didn’t make a secret of how many viewings we had. Sure, that created a certain sense of competition among the interested parties, but that wasn’t just pure psychology. We also factored in buffer, we even wrote in our info document that we were open to prices from X to Y. But in the end, we had 3(!) commitments, 2 of them at our maximum asking price and only one slightly below. Therefore, of course, we sold at that price. The buffer that the owners or agents have calculated only applies if the market does not allow for enough.