Closing costs buying a house in the Netherlands

Closing costs buying a house in the Netherlands

The following taxes and closings cost buying a house you will experience by buying a house in the Netherlands.

 

Transfer tax (Overdrachtsbelasting)

The standard rate is 2% based on the transaction price, with an exemption for first-time buyers.

 

Purchase agreement (Koopovereenkomst)

  • The real estate broker of the seller will create this pre-sale agreement without any charge for the buyer.
  • In the Amsterdam market, the notary will make this agreement and will charge the buyer. This is negotiable.

 

Deed of delivery (Akte van levering)

  • This is the formal contract which the notary will make. The average rate is about € 700 including VAT.
  • Negotiable, you can compare these rates.

Mortgage arranging cost (advieskosten)

  • Rates start at € 1.750 till € 5.500.
  • In most cases, there is no VAT to pay.

Mortgage contract (Hypotheekakte)

  • The notary is obliged to handle this contract. The average rate is also € 600 including VAT.
  • Tax deductible in most situations.

Interpreter

The costs of an interpreter start at € 300 including VAT.

Estate agent fee (Makelaarscourtage)

  • 1,75% (plus BTW) of the purchase price.
  • The seller pays the estate agent. If you use an estate agent/realtor to help you buy a house (aankoopmakelaar) rates start at € 2.750.

 

Appraisal (Taxatierapport)

  • Prices start at € 500 including VAT.
  • In case you have a mortgage with NHG you need a so-called NWWI validation it will cost additional €75.
  • Tax-deductible and negotiable.

 

Architectural examination / home inspection (bouwkundig keuringsrapport)

  • Prices start at € 420 including VAT.
  • This document is not obliged but gives you information about the technical state of the house you want to buy.

 

Tax implications

  • Mortgage interest payments are tax deductible as long as the property/house is to be used as the main residence for a maximum of 30 years.
  • Tax deductions automatically disappear if you decide to leave the country but continue to own the property. As a non-resident taxpayer, you will not enjoy tax-deductible mortgage interest payments so make sure the rent you receive covers both costs and interest.
  • Increases in the value of the house are tax-free as long as it is used as the main residence (no capital gains tax).

 

 

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