Value of the house, discrepancy between appraiser/bank!

The top condition is usually available up to 60% loan-to-value. Insofar as in the present constellation it doesn’t matter. What counts in the end anyway. That means the comparison with other banks is the most important thing you should do.

I have already considered comparing with other banks and will make an inquiry, even at the risk that my score with Schufa, currently 99.65, will probably decrease and the banks will probably combine a lowered score with higher interest rates in a favorable manner.

Our area is in demand; even a cramped mid-terrace house from 1971 with a 180m² plot, not renovated, still sold for €195K despite being listed at €228K. For such offers, a real estate agent doesn't even need to create a brochure; they simply refer to the listing on, for example, Immoscout.

even at the risk that my score with Schufa will probably drop from 99.65 now

Why should the score drop? Nothing will happen at all.

The value of my semi-detached house was estimated by an appraiser at 250K€, while a bank set the value of the house at 176K€. Thus, there is a discrepancy of about 30% - I assume this is the bank’s safety margin. After the expiration of my 10-year fixed interest period, I need follow-up financing of about 90K€. These 90K€ are more than 50% of the house value according to the bank, but clearly under 50% according to the appraiser. Is it to be expected that the lower valuation by the bank will lead to a higher interest rate?
Kind regards Karl

Hello Karl,
I’ll just say this:
5 different appraisers, 5 different figures
5 different banks, also 5 different figures

For the appraiser who orients himself by market value, it’s likely between 220 - 270K€
For the banks rather between 150 and 220K€ (depending on the bank and safety margin).

If you provide key data such as:
Address (street + town suffice)
Year of construction
Size (plot/living area)
possibly the modernizations of the last 10-15 years, then I can also give you 2 figures (Sprengnetter and vdp valuation).

Therefore

PS. Probably a follow-up loan of 100,000 EUR will be cheaper than the 90,000 EUR, and with special repayments it could also have fallen below the old value within 2 years. In terms of interest rates, I have often experienced recently that the 100k loan has less interest (effective in total) to pay than the one with 90k
(same with 190k compared to 200k), so ask about that too!