Buying a house in the Netherlands: Guide and Costs

This video covers the second part of buying a house in Holland. It explains the mortgage process, offers tips on bank selection, and discusses insurance options.
I share my experience with costs and provide valuable advice for new homeowners.
I also address a hidden issue we encountered after moving in. Don't miss this essential guide to navigating the final stages of home buying!
🏡 LINK TO PRE-ORDER "THE GUIDE TO BUYING A HOUSE": slowandsteadyblog.com/buying-...
Links for the video:
- First part of this guide: • Buying a house in the ...
- My vlog of moving houses: • Moving to my new house...
- Info about NHG mortgages: www.abnamro.nl/en/personal/mo....
The entire timeline of buying a house:
- 05.04.2023 - We first met with the real estate agent and signed the contract with them the next day.
- 08.04.2023 - 24.04.2023 - we went for house viewings organized by the agent. We visited Zwolle 3 times and looked at about 7-8 houses.
- 24.04.2023 - We had the first consultation with the mortgage advisor.
- 26.04.2023 - We bid on the house, and they accepted the bid the same day.
- 01.05.2023 - We asked the rental company if we could terminate the rental contract earlier to buy a house, and they agreed, so we settled the date with the house owner.
- 03.05.2023 - We hired a technical inspector to check the house.
- 18.05.2023 - Our mortgage advisor applied for a mortgage after collecting all the docs from us.
- 01.06.2023 - We got the mortgage confirmation. It would have been even faster if we were not from Russia.
- 28.06.2023 - We got the keys, signed everything at the notary, and moved to the house.
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Housing in the Netherlands: • housing in the netherl...
All videos about the Netherlands: • everything about the n...
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00:00 First part and what is this about
00:34 Documents for a mortgage
01:30 Obtaining the mortgage
02:52 Banks and interest rates
04:33 NHG Mortgage
05:35 Insurances
06:27 Actions after the mortgage approval
07:27 Getting the keys and notary
08:52 How much it all costs
11:51 What went wrong with the purchase
14:18 Tips for the house inspection
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#buyingahome #netherlands #mortgage

[@dpashutskii]

A little remark. You don't pay transfer cost up to 35 y.o. Not 30 as I said in the video. Check out and pre-order my guide of buying a house in the Netherlands: slowandsteadyblog.com/buying-a-house-netherlands

[@alinam5265]

Congrats! Thank you for all the useful info. Best of luck in your home 😊

[@dpashutskii]

Thanks so much! 😊

[@DamaxThomas]

Hey Dmitrii, we met earlier this month in Amsterdam. You push me off Rails by telling me this World conference was not on the same topic as your KZbin channel which is true. Still I did know you from your channel :p

[@dpashutskii]

That's really amazing 🤩 I can't believe, what a chance!

[@Atif1702]

Hey, Congrats for your new home 🏡 You had the Technical inspection done. Didn't they tell you about the leaking issue? It seems like a waste to hire them if you still have the issues later

[@dpashutskii]

Thanks! No, it was impossible to find this for them. Technical inspector does overall structure check. It makes sense to hire them for old houses because they can find some issues with the building or asbestos etc. They will never discover issues like leaking.

[@user-rl2yc7tu1b]

Nice house,wish the best for you.very useful info.

[@dpashutskii]

Thank you!

[@m3talHalide-rt2fz]

"from a country under a huge number of sanctions"

[@dpashutskii]

100 times more! Thank you!

[@annaisjeronimo339]

That 11K cost at the notary, besides the inspector and translator, could you include that in your mortgage or did you have to have 11k saved up first and is separate to the mortgage

[@dpashutskii]

Already discussed on WA! ;)

[@masoudeshaghinia5680]

Hi, you didn't mention the most important part. you mentioned asking price 385K and agreed on 380. how much was the market value determined by appraiser??? for me this is the most important part. because in my case that I cannot afford overbidding, if the appraiser value the house lower than the agreement, I'd be in trouble. I heard from some people that appraiser usually put the agreement number as the market value and it is more like paperwork but some says opposit. so what was your case?

[@dpashutskii]

As far as I know market value determined by the appraiser in 95% cases is the same as the price on Funda or price you started bidding from. In our case it was the first - 385k in our case. That's why overbidding is almost always goes from your own pocket and it's also the reason why we were looking for a house without overbidding.

[@chrispnw2547]

@@dpashutskii An experienced purchaser hires their own representation (a real estate agent) as they have access to the full history of the transaction history of the home and comparable homes in the area. If the home was purchased 10 years ago for $250K, the current asking price is too high unless significant quantifiable improvements have been made. Multiple appraisals are needed to settle on property value. Also, how long the property has sat on the market is a clue the property may be over-valued. For existing homes, you need a real-estate agent familiar with the area representing YOUR interest. The housing market in the Netherlands is overheated and if you buy at the top of the market, it may become problematic over time when you need to refinance at prevailing rates.

[@dpashutskii]

On average, for the last 10 years, all houses in the Netherlands grew 100%++ in value (more than twice). Doesn't matter whether there were any improvements there or not. Your approach sounds about right in general. But if you apply it to the Dutch market right now, especially in Randstad, you will never buy a house. Overbidding 5-10% (of already overpriced value) is normal with 10+ bidders. Nobody even thinks about over-valued pricing; it doesn't matter when it's so hard to win the bid in the first place. People just want to buy a house. Also, I don't think it's "over-heated". There is no indication of it cooling down in the following years. Supply-demand is insane, and the Dutch government won't fix it easily.

[@QnA22]

​@@dpashutskiiTrue, and over bidding is not as bad for most buyers anyway. Not having a house also incurs cost. So paying 10.000 extra is often cheaper than having to rent something for an extra few months.

[@ronney8195]

Hey Dmitrii do you thing you can do it alone meaning to buy a home alone ? Help

[@dpashutskii]

Yes you can but it depends on your income and the house price. You can easily calculate your maximum mortgage on this calculator: www.abnamro.nl/en/personal/mortgages/calculating-your-maximum-mortgage.html

[@ChannelYoJo]

I think I missed any numbers about monthly payment and downpayment which is especially interesting. In Russia or the US, you need to provide up to a 30% downpayment to get a mortgage. So this isn't the case for the Netherlands? You pay fees and then have your house without downpayment basically? This is...sounds cool and different.

[@dpashutskii]

I think I mentioned the down payment in the previous video (kzbin.info/www/bejne/jHump3mde55kZqM). Correct, the down payment for a residential mortgage is €0 in the Netherlands. The mortgage covers 100% of the cost of the house.

[@michaelatamarrose8846]

​@@dpashutskiiwould you recommend having the 11k saved up already before starting the process or can some fees be settled later e.g. technician check up etc ?

[@dpashutskii]

Saved money is always good for two reasons: 1. Overbidding is still very common so if you want a good house, there probably be overbidding (it's always cash from your pocket). 2. Fees are all paid in one day - at notary when you're signing the deed and getting the keys. So you have to have them at this date, otherwise no house and there will be huge fine (around 10% of the house price).

[@ilyashcherbakov4115]

Hey, if you got a confirmation from the inspector that the previous owner was to blame for the leakage, why wasn’t it in his report?

[@dpashutskii]

You need to go to court to prove that. I think it's a wasted money for lawyers and stress.

[@user-hw7of3oq7x]

all that unpaid taxes finally washed through the system 👍

[@dpashutskii]

Huh?