Real estate agent costs
Fee will vary from ca 3.000 EUR up to ca 1 % of the purchase price. Please check whether the fee is including B.T.W. Although it is not mandatory to use the services of a real estate agent, a reliable real estate agent can help you;
- find the house / apartment of your choice (extensive network, research based in your criteria)
- do the negociation of the purchase price for you
- check the purchase agreement for you
- check most relevant legal aspects
Mortgage loan advice costs
Our fee for a full service assignment varies from 2.500 EUR – 3.500 EUR (for more complex (entrepreneur) casuses)). This includes;
- Research for best loan option (independent)
- Arranging the loan application
- Write a comprehensive advice report in which is dealt with life events and the financial implications, and potential measures (life insurances, monthly cost protectors)
- Arrange the application for life insurances a/o monthly cost protectors
- Arrange WWFT docs and check settlement note and deed of mortgage loan (notary docs)
N.H.G. Contribution
One off fee for N.H.G. contribution (up to purchase price or market value of max 470.000 EUR) is 0,4% of the loan amount.
Bank warrantee
Costs of a bank warrantee are mostly 1% of the warrantee amount (which is 10% of the purchase price of your home). Some banks do not charge a fee for the bank warrantee.
As an alternative for the bank warrantee you can provide a “waarborgsom” (meaning you pay an amount of 10% of the purchase price yourself to the notary office in the process of the loan application (see purchase contract)). This amount will be settled with the amount payable at the date of transfer of ownership of your new house at the notary office. If you choose for a deposit (waarborgsom) the bank will not charge you for a bank warrantee.
Technical inspection
A technical inspection gives you insight in the technical condition of a house / apartment. Cost indication is 400 – 495 EUR.
Sworn translator
Fee – depending on language and availibility – are ca 300 – 375 EUR.
At the notary office the deeds (transfer of ownership and registration of mortgage loan) are read to you in Dutch language. If you do not understand the contents of the deedsread to you in dutch a sworn translator must be hired.
Notary office costs
Notary costs are roughly divided in costs linked to the deed of transfer of ownership and costs linked to the deed of registration of the mortgage loan, indicatively for both deeds indicatively 2.000 EUR has to be budgetted (roughly 1.000 EUR per deed, including all additonal costs).
Conveyance tax (overdrachtsbelasting)
Coneyance tax is levied when ownership of a house is transferred to the new owner is 2% of purchase price (main residence), 8% of purchase price (non main residence) (house rented out, holiday home) and 10,4% in all other cases (business related real estate, offices or any real estate other than stated above). If you meet all requirements you can be exempt from conveyance tax (0%).