Strategy meeting house purchase or "How far should I go?"

2024-06-07 12:17:39

We also have our house currently for sale and we don't respond at all to bargain hunters offering discounts of 20% or more. There are also quite adventurous reasons given as to why the house is supposedly not worth more.

The highlight was: "We're actually looking for an apartment for 400k, but this is a house. However, we would take it for 400k" (selling price is 530k)

It's not rude not to respond to something like that. It's simply not worth the time to respond to such offers, since the people just want to make a bargain and don't move an inch themselves to perhaps reach a price that is acceptable to both sides. I'd rather wait for a buyer with whom you can negotiate seriously.

But it would be polite to simply write a short rejection. That takes 2 minutes and the other person knows and can continue searching.

2024-06-07 13:13:48

With 20-30 inquiries per day? Usually, only about 5 of them are serious inquiries that we respond to. For inquiries like "What is the final price?" I don’t have to inform the other party that I am rejecting their offer, since it can’t be taken seriously anyway.

2024-06-07 14:24:53

Despite yesterday's ECB interest rate cut, mortgage rates are surprisingly rising. Well, the expected interest rate turnaround is likely to fail, and inflation rose again last month. Not by much, but it is rising.

That will probably also affect prices.

2024-06-07 14:36:17

Despite yesterday's ECB interest rate cut, construction loan interest rates are surprisingly rising.

You still don't understand what the short-term ECB bank rate is and how it differs from the long-term capital market interest rate. There have also been massive increases where at the same time construction financing has developed downward.

Well, the expected interest rate turnaround is likely to fail

No clue again. It is underway. Just a bit slower.

2024-06-08 06:25:48

Despite yesterday's ECB interest rate cut, construction loan interest rates are surprisingly rising. Well, the expected interest rate turnaround is likely to fail and inflation is already rising again last month. Not much, but it is rising. That should then also have an impact on prices.

You also claimed that at the beginning of 2024 we would be at 6.00 percent.

2024-06-08 10:43:09

You also claimed that at the beginning of 2024 we would be at 6.00 percent.

No, it was a forecast and not a claim. In the opinion of most experts, we should have already seen several interest rate cuts by now.

Now Lagarde has made a big mistake again and carried out a symbolic rate cut under political pressure. At the same time, she announced that we will probably not see any further rate cuts. At least for the time being.

Strategy meeting house purchase or "How far should I go?"

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