You already own a flat. Its estimated value appears large enough in the assets overview to support the next purchase. For a payment due today, however, you need an actually available sum of money. There must be a specifically clarified process in between. This text does not appraise any property and does not promise any additional loan.
Record three different figures
Write down the estimated property value, outstanding related liabilities and actual available cash separately. An estimated asset position can be important for an overall assessment. It does not thereby become an immediate source of disbursement.
Similarly, a value after deduction of a debt is still not a confirmed sale proceeds. A real sale would have its own conditions, costs and a concrete payment date. If the flat is to be retained, a possible additional financing is a new matter to be clarified with its own encumbrances.
The purely fictitious balance comparison
A flat is assumed for the example to be worth 250.000 euros. The assumed outstanding debt associated with it amounts to 150.000 euros. The notional difference is 100.000 euros. But the accounts actually available for the next purchase only hold 20.000 euros.
For an immediately planned payment of 50,000 euros, therefore, 30.000 euros of liquid funds are initially missing. The calculation 100.000 plus 20.000 equals 120.000 euros of asset positions does not close this timing gap in payment. It represents a different question. None of the figures is an actual property valuation.
Explicitly name the required transition
Question for your plan: Is the existing flat to be sold, are funds to come from a clarified other asset, or will another financing be considered? Each option has its own data and outstanding prerequisites. Do not enter an anticipated bank commitment as already available credit.
With an additional financing, the burden of both projects must be traceable together. Reserves already needed for the first flat must not be entirely allocated to the second purchase unnoticed. This article does not set an allowable loan-to-value ratio and makes no statement about internal bank accounting.
Keep the result in two overviews
Continue to keep assets and available cash side by side. This is not a contradiction and not a devaluation of the existing property. It prevents an economically existing value from obscuring the unclarified financing of the next actual deadline.
Any further purchase will thus be decided only on the basis of the money source that has actually been clarified. Appropriate advice can assess which option would be possible and sustainable. A high estimated flat value alone does not decide this question.