Buying Dutch property explained

a step-by-step guide

How do you go about buying a house in The Netherlands?

The process of buying a house in the Netherlands can seem quite complicated. To give you an impression of what you are about to embark on, we have created a quick guide to approaching the Dutch property market. 

Brickle will guide you through this whole process. Not only with specialized mortgage experts, but also with specialized partners like notaries and real estate agents. We know what strings to pull to get you the best mortgage possible, what areas and neighborhoods are most suitable for you, and have interpreters available to talk you through each step in your own language.  

Start your journey now by planning a free first consult! 

buying a house, brickle mortgages

a step-by-step guide

Buying a House: the process

1

Estimate a budget

Before you can start looking for suitable properties, it is imperative to figure out your financial situation. How much can you finance yourselves? What is the maximum mortgage amount that lenders will provide you with? Defining your budget will give you a clear sense of your financial limits during a house search.

2

Plan viewings

Together with a real estate agent, you can start looking for properties that meet your wishes and your budget. After finding a good fit online, you will plan a couple of onsite viewings together. During these walkthroughs, you can ask all the details about the residences.

3

Place a bid

After viewing a house that meets all your wishes, you can place a bid. If there are many interested parties, the seller may accept bids using a tender. Most of the time though, the seller will negotiate exclusively with you. They can start accepting offers from others after declining your offer.

4

Purchase agreement

After accepting your bid, the realtor will draft a preliminary purchase agreement in which the terms and conditions of the purchase are outlined. This agreement includes cancellation clauses; if either party fails to comply with these clauses, the sale will be cancelled. The purchase agreement always has a cooling-off period of 3 business days.

5

Finalizing the transaction

When both parties have met all the cancellation clauses and the finances are all set, the final purchase agreement can be signed at the notary's. After having a final look at the residence, the purchase agreement will be signed and the keys of your new home will be handed over to you.

our most frequently asked questions

FAQ

When there are a lot of interested parties, the seller can choose to sell by using a tender. You will be expected to make a closed bid before a certain deadline. When the deadline has passed, the seller will review all bids to determine who they will grant the residence to. Some sellers simply choose the highest bid, other sellers choose the bid with the most favorable conditions. 

Even though the property market is cooling down, overbidding is still a well-known phenomenon in the Netherlands. When deciding your bid, we always advise you to think carefully about how much you want to spend. Take your maximum mortgage amount, monthly payments, expected renovation costs etc. into account. Our advisors can help you estimate your expected expenditure. 

An important item to take into consideration:
Mortgage providers will finance 100% of the property’s value. If the value of the property that’s determined by the appraiser turns out to be lower than your bid, you will have to finance the difference yourselves. 

There are a few cancellation clauses that can apply to a preliminary purchase agreement:

  • Financial clause
    This clause allows you to arrange your mortgage within a certain time frame. Mortgage providers do not give pre-approval, they need to know which house you are specifically planning to buy to provide you with a mortgage. 
    If you fail to get your mortgage approved in the set time frame, the purchase will be cancelled. Without this cancellation clause, you are obliged to follow through with the transaction. Insufficient funds will then lead to a fine of 10% of the purchase price. 
  • Structural inspection clause
    This clause gives you the opportunity to carry out a structural inspection of the property. In certain instances, you are allowed to cancel the purchase depending on the outcome of this inspection. In other instances, the seller needs to resolve structural issues before the sale can be go through. This clause ensures that you do not buy a residence with any hidden flaws. 
  • NVM no risk-clause
    This clause gives you the opportunity to sell your current home within a set time frame. If you fail to sell within this time frame, you can renounce the purchase. 

After signing the preliminary purchase agreement, a cooling-off period of three business days takes place. During this time, you can back away from the agreement without any consequences. 

This period starts just after midnight, the day after you signed the preliminary purchase agreement. Weekends and public holidays are not included in this cooling-off period. 

When buying a house, you will need to pay a down payment of 10% of the purchase price. This deposit will be returned to you after the final purchase agreement is completed. For this down payment, there are two options:

  1. Paying the deposit with your own funds
    Prior to a set date, you will need to put down the deposit into a notary’s escrow account. Paying this with your own capital can be beneficial if you already wanted to finance a considerable amount with your own funds. 
  2. A bank guarantee
    We can also arrange a bank guarantee with your mortgage provider. They will then pay the down payment for you, in exchange for 1% of the deposit. 

There are several costs that apply when buying a house. Each service provider (notary, real estate agent, mortgage broker etc.) has a set fee for their services. 

Read all about these costs here >

Yes, there are a few differences when it comes to buying a house or buying an apartment. 

When you buy a house, you will become the owner of the full property (i.e. the building and the plot). When you buy an apartment, you will get a share in the ownership of the building and the plot. This is also known as an apartment right. 

In some cities, the residence can come with a ground lease. This gives you permission to use the plot, but does not make you the owner of the plot. This ground lease is an annual fee. 

Mortgage Broker Mike Beijerbracht Brickle Mortgages

Are you interested in obtaining a mortgage?

Our advisors are happy to help. Schedule your first appointment without obligations to discuss your situation! 

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free consultation

For a calculation of the exact maximum amount you can borrow, more details are needed such as age, type of employment, available own money, other financial obligations, etc. Our advisors will be happy to calculate this amount for you with the appropriate background information from you.

Please schedule a consultation for the purpose of exploring your maximum mortgage capability.

The calculation is only an initial indication of the maximum amount you could potentially borrow based on the income information you entered and a current 10-year fixed interest rate. No rights can be derived from this calculation and therefore does not constitute an offer or advice to buy or modify a product.