Five things every first-time buyer in the Netherlands must know

Buying your first home in the Netherlands is a significant financial decision, especially for international buyers. With unfamiliar roles such as two estate agents, a bank, a mortgage adviser and a notary, the process can be stressful. Cherene Kruger, founder of Homes for Expats, emphasizes the importance of understanding the role of estate agents, who represent the seller, not the buyer.

Overbidding can be challenging for international buyers due to the asking price not reflecting the market value. AI can provide research tools, but human expertise and experience are crucial. Cherene's pragmatic approach involves researching the area, comparing market values, and understanding the property's worth to the buyer.

Before falling for a house, Cherene suggests clients include two standard conditions: a financing clause and a technical inspection. The financing clause protects the buyer from penalties, while the technical inspection can uncover issues like hidden mould or rotten beams that may lead to renegotiation or withdrawal from the purchase.

A recurring misconception is that owning a property allows for easy rental income, but Dutch rules can affect this. It's essential to consider mortgage conditions, municipal rules, VvE rules, and Dutch tenancy law. Cherene advises buyers to register with a mortgage adviser or their bank early to know their affordability and move when they find the right home. The most crucial piece of advice is to have financing discussions before house hunting, not after finding the perfect property.