Valuation of existing property

2019-09-27 20:55:46

Of course he is allowed to make a profit, everything is okay, I am just shocked by the extent. But I wouldn’t care either if I didn't have the concern of losing too much myself (because it just seems so inflated right now). We are talking about a run-of-the-mill little house that would suit us now but might have to be sold again in ten years. The location of the town is very good, within the town it’s rather mediocre, so not a dream.

Don’t you read the newspaper...? Loans are cheap, interest savings are largely eaten up by “appreciation.” Personally, I also wouldn’t sell below value. Why would I?

2019-09-27 21:06:12

Hello Yvonne, thank you. I don't want to speak badly of anything. I consider the house to be mediocre. At a fair price, it would be good for us. There are advantages, but buyers won't be lining up either. We don't want to overpay because we might sell again and it's simply not a dream property. Maybe in ten years we could spend twice as much, but we don't want to do that now.

2019-09-27 21:13:05

Hello Yvonne, thank you. I don’t want to speak badly of anything. I consider the house to be mediocre. At a fair price, it would be good for us. There are advantages, but buyers will not exactly be lining up either. We don’t want to overpay because we might also sell again and it’s not a dream property. Maybe in ten years we can afford twice as much, but we don’t want to do that now.

How do you come to the conclusion that buyers won’t be lining up? Just one counteroffer is enough and you’re out.

2019-09-27 21:24:05

Yes, I know that. We are not even in negotiations yet. And that’s exactly what it’s about for us. It would be annoying if another interested party takes it for 5000 more than the pain threshold we have set. It feels more like 50,000 too much. Does this purchase price - annual rent - factor no longer exist at all currently, or can a factor of around 30 really be justified in rural areas (even if in the metropolitan outskirts)?

2019-09-27 21:25:41

Yes, I know that. We are not even in negotiations yet. And that's exactly what it's about for us. It would be annoying if another interested party takes it for 5000 more than the pain threshold we have set for ourselves. It just feels more like 50,000 too much. Does this purchase price - annual rent - factor even exist anymore or can a factor of around 30 really be justified in rural areas (even if in the metropolitan outskirts)?

There is no factor. How long have you been looking? Do you have a price feel in your area?

2019-09-27 21:35:33

For investment properties, they say 24 annual net cold rents equal the real price. But is that the case here? Is the property rented? Do you first have to evict the tenant? K.

Valuation of existing property

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