If you’ve found your dream home, the next big step is making a realistic and attractive offer. But how do you decide what that offer should be? In this blog, we’ll guide you through the key considerations when making an offer on a house in the Netherlands, helping you increase your chances of success while staying within your budget.

Understand the Market Conditions

Before making an offer, it’s crucial to have a solid understanding of the current market. Is it a seller’s market, where demand is high and homes are selling above asking price? Or is it a buyer’s market, where you might have more room for negotiation? Here are a few things to consider:

• Market Value: Research recent sale prices of similar homes in the same neighborhood. This will give you a clearer picture of the property’s actual value, rather than relying solely on the asking price, which could be either inflated or under market value.
• Time on the Market: How long has the house been on the market? If it has been listed for a while, there may be more room for negotiation. On the other hand, if it’s new to the market or located in a high-demand area, you may need to act fast and offer closer to (or above) the asking price.

Determine Your Maximum Budget

Before making an offer, it’s essential to know your financial limits. Here are a few tips to help:

• Mortgage Pre-Approval: It’s a good idea to get pre-approved for a mortgage before making an offer. This way, you know exactly how much you can afford, and it demonstrates to the seller that you are a serious buyer.
• Consider Additional Costs: When determining your budget, keep in mind that there are additional costs involved in buying a house in the Netherlands, including transfer tax (usually 2% for existing homes), notary fees, and closing costs. These can add up, so be sure to account for them when making your offer.

Work with a Real Estate Agent

Navigating the Dutch housing market can be tricky, especially for first-time buyers or international buyers unfamiliar with local practices. A real estate agent (makelaar) can provide valuable advice on market conditions, help you evaluate a property’s true value, and guide you in making a competitive offer. They also handle the negotiations with the seller on your behalf, which can be a significant advantage in a fast-moving market.

Conclusion

Making a realistic and competitive offer on a house in the Netherlands requires thorough preparation and an understanding of market dynamics. By researching the market, assessing the condition of the property, setting a clear budget, and deciding on a strong offer strategy, you can increase your chances of securing your dream home.

If you're unsure of how to approach the process or need help navigating the complexities of making an offer, our team of experienced mortgage advisors and real estate professionals is here to help. Contact us today to discuss your options and get expert advice on securing the perfect home at the right price!