BUYING A HOME IN THE NETHERLANDS | part 2: bidding & mortgage approval

This is Part 2 of my 'buying a home in the Netherlands' series. Watch Part 1 first here: • YOUR ULTIMATE GUIDE TO...
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This video is all about the bidding/buying stage - what happens when you find a property you actually like. It is the most stressful part of the whole process, but it actually consists of only 4 steps and is not as scary as it seems! Stay until the end to see what it was like when we first got our keys!
PS: The sun was doing some weird things during the recording of this video so sorry about the multiple lighting changes lolol
TIMESTAMPS
⊹ 00:00 - Introduction
⊹ 00:22 - Step 1: Bidding
⊹ 02:35 - Step 2: What happens if you bid is accepted
⊹ 04:42 - Step 3: Mortgage approval
⊹ 06:40 - Step 4: Final inspection & getting the keys
⊹ 09:59 - Vlog footage from when we first got the keys!
LET’S CONNECT
⊹ Subscribe to my channel - bit.ly/3jXAM2V ​
⊹ Instagram: ​ / leesa.yu
RELATED VIDEOS BY ME
⊹ How to buy a home in the Netherlands - Part 1: • YOUR ULTIMATE GUIDE TO...
⊹ How to furnish and maintain your home in the Netherlands: • AMSTERDAM HOME SHOPPIN...
⊹ How to find a job in the Netherlands: • HOW TO FIND A JOB IN T...
⊹ Amsterdam shopping guide (groceries, clothes, beauty, books, drugstores): • SHOPPING GUIDE IN THE ...
⊹ My 5 biggest mistakes when moving to the Netherlands: • MY BIGGEST MISTAKES | ...
⊹ My Netherlands winter survival guide: • NETHERLANDS WINTER SUR...
⊹ Expat Q&A - Top 10 questions my friends & family ask me: • AMSTERDAM EXPAT Q&A | ...
LINKS
⊹ Referral link for OHAO (our mortgage broker)(link will give you 75 EUR discount): www.ohao.nl/expats/via-a-frie...
MUSIC
⊹ Remil - Evening Tea - thmatc.co/?l=502C384E
⊹ frumhere, kevatta - warm feeling - thmatc.co/?l=D9C5CA21
tags: buying a home in the netherlands, buying a house in amsterdam, homebuying process, buying a home as an amsterdam expat, amsterdam life, moving to the netherlands, living in amsterdam, moving to holland, how to buy a home in the netherlands, looking for an apartment in amsterdam, homeowners in the netherlands, how to buy a home as a non-Dutch citizen, bidding for a home

[@climbersisyphus]

Thank you so much for this video series! you're so great at explaining things and being very thorough and detailed oriented.

[@LeesaYu]

I’m glad you found it helpful!!

[@annasimakova2481]

Leesa thanks for such a clear explanation. Super useful! Congrats with buying your home 🎉 I also plan to buy this year

[@LeesaYu]

I’m glad you found this useful! Good luck with your home buying process! ☺️

[@airamespana6296]

Leesa your apartment looks lovely! Thanks for showing that last part and for sharing all the useful information.

[@LeesaYu]

Thanks so much! I’m glad you found the video useful 🥰☺️

[@tetianatrofymets3318]

Thank you for sharing your tips. Congratulations on your new home! It looks lovely. I'm wondering how you arranged the change from a gas stove to an induction one? (I heard that it would require changing the electrical wiring to make a separate socket controlled by a separate circuit breaker).

[@LeesaYu]

Thanks so much! It indeed required quite a bit of effort, and we asked our builder to do this for us. We first had to check if the electricity loading of our apartment could handle the additional appliances, before changing the wiring. I recommend getting a professional to do this for you, rather than doing it yourself!

[@DamaxThomas]

I love the change in the bath/shower room. Thanks for sharing, It is always interesting to see how purchasing a house abroad looks likes. I bought my house in Japan, it is similar. The search phase is for sure easier. The Netherlands is good enough to endure the cooler weather for many more years?

[@LeesaYu]

Thank you! Cool that you can compare the home buying process across 2 different places. Definitely plan to stay here a little longer :)

[@nayaramiranda9767]

Congrats Lisa!! Your apartment is beautiful. Could you please share how much I should expect to a bathroom renovation?

[@LeesaYu]

Thanks so much! Our bathroom renovation cost about 10K, not including tax and also included some additional kitchen renovation work too. All quotes I received were between 10-15K 😬

[@adambell3430]

Thanks very much for these very informative videos. For the structural inspection, do you have to find a company first at the start of the process, and are they able to quickly do the report once your bid is accepted? Here in the UK, it can take weeks & weeks to get those done as they have a big backlog of work. Also, for paying any excess money above a mortgage (or the entire purchase price if you don't need a mortgage), do the monies get paid via the notary or someone else?

[@LeesaYu]

In our case, our makelaar found a company for us but she only contacted them when our bid had been accepted. I think it does help to already have some companies in mind beforehand to speed up the process. It took only a few days to organise the inspection and get the report. Also yes, the money goes to a notary bank account :)

[@nicomele5301]

Thanks Leesa, very informative video. Question, do you have to pay for the structural inspection and valuation inspection? If so, what are the costs? I know in Australia those are generally covered by the lender.

[@LeesaYu]

You actually have to pay for these separately here, although both are tax deductible. The structural inspection cost us 390 EUR, and the valuation inspection cost us 675 EUR. Hope that helps!

[@climbersisyphus]

Was the €18k including the bid or separate from the expenses you paid?

[@LeesaYu]

Additional expenses paid (not part of the bid)!

[@climbersisyphus]

Wow! But they weren’t all upfront costs right? It’s a combination of some costs before you got the house and after you got the house and started doing maintenance etc?

[@LeesaYu]

@climbersisyphus I assume you’re referring the additional upfront costs that I mentioned in my 3rd video. If you go to 01:00 of that video and pause it, you will be able to see how that figure was calculated. Some of the costs are one-off fixed costs, some of the costs are recurring (indicated in the video too). Hope that clears it up for you!

[@trishnikasrija11]

is it possible to buy alone

[@LeesaYu]

Yes of course! You just need enough money :)

[@sassince]

Sweet girl.