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Bidding on a house? Do it wisely

Navigating the emotional rollercoaster of bidding for your dream home requires a clear-headed approach to understanding true market value, beyond just the price tag. By mastering negotiation tactics and utilizing tools like a building inspection report, you can ensure that your investment is both sound and satisfying, setting the stage for a successful home-buying experience.
Bidding on your dream home is exciting. The housing market seems to work very differently from other markets with supply and demand. Yet, it's important to control your emotions and use common sense to determine what a house is worth. We're happy to give you some tips!

What is a house worth?

The value of a house depends on what an enthusiast is willing to pay for it, or what a fool will pay for it. If there are few houses for sale in a desired location, the price will be higher than if there are many. The value isn't determined by the house itself, but by the market of supply and demand. But you calculate what you can afford to spend.

Determining the value

Decide clearly for yourself how much you want to spend. Often, there are variables involved. "If the bathroom and kitchen are good, or if the garden is large, then the house can cost €10,000 more." You're on a sliding scale here, and that's not wise. Better safe than sorry. You want to buy a house and can already picture your family living there. Perhaps you're already thinking about the furnishings. Stop! First, you need to be certain that the house meets basic technical requirements. Are the electrical systems safe? Is the foundation sound? Is the roof leak-proof? What maintenance jobs are expected in the next five years? Only when you've mapped out these costs can you calculate a good price for the house. Then you can negotiate with the seller. Another strategy is to make a final offer immediately. Sometimes that yields success.

Hire an expert

A building inspection report will help you prepare for negotiations on your dream home. A good building inspection will also identify hidden defects that you might not discover during a viewing. A building inspector will measure pipes, check electrical wiring, and identify signs of leaks and subsidence. You'll receive a report with a clear explanation and the estimated cost. Request a building inspection report in advance and use it to determine the price of your dream home. With an expert, you're not alone.

Would you like to make an appointment for a building inspection?

The cost of a building inspection (up to 250 m²) is only €489 including VAT. We'll conduct a comprehensive building inspection and you'll receive a building report. Do you have any questions? We're happy to help and can schedule an appointment with an expert inspector right away if you wish!

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