Hello forum members,
We have decided to buy a house. Since there are countless websites online, it can be easy to lose track.
We are wondering about a fair price. Obviously, the seller and buyer have different interests regarding the price. It should be fair for both parties.
Now to the facts.
House built in 1966 (semi-detached), with a basement, 2 floors of living space (130 m² (1400 sq ft)), 6 rooms, plot size 672 m² (0.17 acres).
Basic features, night storage heaters, roof covered with corrugated fiber cement sheets (without asbestos), garage.
Asking price: €125,000. The house is located in a town with 2,000 inhabitants and good transport links and infrastructure. Doctors, pharmacy, supermarket, etc. It is located in a spa town.
We want to pay about €108,000.
We are aware of the modernization costs: heating system will be replaced, windows renewed, etc.
I would appreciate feedback regarding the purchase price.
We have decided to buy a house. Since there are countless websites online, it can be easy to lose track.
We are wondering about a fair price. Obviously, the seller and buyer have different interests regarding the price. It should be fair for both parties.
Now to the facts.
House built in 1966 (semi-detached), with a basement, 2 floors of living space (130 m² (1400 sq ft)), 6 rooms, plot size 672 m² (0.17 acres).
Basic features, night storage heaters, roof covered with corrugated fiber cement sheets (without asbestos), garage.
Asking price: €125,000. The house is located in a town with 2,000 inhabitants and good transport links and infrastructure. Doctors, pharmacy, supermarket, etc. It is located in a spa town.
We want to pay about €108,000.
We are aware of the modernization costs: heating system will be replaced, windows renewed, etc.
I would appreciate feedback regarding the purchase price.
N
nordanney22 Aug 2013 20:48As with all other goods, supply and demand determine the price!
What is the house worth to you? If it is 108,000 euros, then offer that price to the seller. If other buyers are willing to pay 125,000 euros, then you are out of luck.
You cannot get an assessment from us regarding the purchase price because, first, we do not know the house, and second, see the beginning of my post.
P.S. For the price you are aiming at, you might only get half of the plot without the house from us. Prices are relative…
What is the house worth to you? If it is 108,000 euros, then offer that price to the seller. If other buyers are willing to pay 125,000 euros, then you are out of luck.
You cannot get an assessment from us regarding the purchase price because, first, we do not know the house, and second, see the beginning of my post.
P.S. For the price you are aiming at, you might only get half of the plot without the house from us. Prices are relative…
Hello dear community,
I’m using this thread instead of starting a new one. I have a question and want to apologize in advance for my complete lack of knowledge. I plan to buy a house soon and have found, among other options, an offer for a planned construction of a terraced house (row house). My naive question is: if I accept such an offer, am I then considered the builder myself? My main concern is about the costs. I know that when buying a house, additional costs like property transfer tax and notary fees are added. However, if you are the builder yourself, there are usually about 20% additional construction-related costs (e.g., connection fees for electricity/gas/insurance/temporary construction power). I am not sure if these costs will also apply to me with an offer like this, or if only the purchase price + buyer’s commission + property transfer tax + notary fees + painting and flooring work will be due. I wanted to ask for opinions here first before I make a potentially embarrassing inquiry with the seller.
I’m using this thread instead of starting a new one. I have a question and want to apologize in advance for my complete lack of knowledge. I plan to buy a house soon and have found, among other options, an offer for a planned construction of a terraced house (row house). My naive question is: if I accept such an offer, am I then considered the builder myself? My main concern is about the costs. I know that when buying a house, additional costs like property transfer tax and notary fees are added. However, if you are the builder yourself, there are usually about 20% additional construction-related costs (e.g., connection fees for electricity/gas/insurance/temporary construction power). I am not sure if these costs will also apply to me with an offer like this, or if only the purchase price + buyer’s commission + property transfer tax + notary fees + painting and flooring work will be due. I wanted to ask for opinions here first before I make a potentially embarrassing inquiry with the seller.
This thread is different from the other one...
This offer is from a developer.
At least in this case, you know you have to pay property transfer tax on everything.
The link will probably be removed by the moderator anyway, so just inquire directly with the developer. From what I understand, developers usually handle risks related to the land themselves, such as land preparation. However, development costs are typically the responsibility of the buyer.
For everything else, you’ll probably have to ask the developer yourself... In my opinion, it really depends on their building specification, but maybe someone else knows better 🙂
This offer is from a developer.
At least in this case, you know you have to pay property transfer tax on everything.
The link will probably be removed by the moderator anyway, so just inquire directly with the developer. From what I understand, developers usually handle risks related to the land themselves, such as land preparation. However, development costs are typically the responsibility of the buyer.
For everything else, you’ll probably have to ask the developer yourself... In my opinion, it really depends on their building specification, but maybe someone else knows better 🙂
Connection fees: whoever is the owner at the time of the connection. Usually, this means the developer is still the owner. However, this depends on the municipality’s development plan and how and when costs are allocated. The developer might pass these additional costs on to you, depending on the contract.