The real estate agent wil always determine the asking price together with the seller(s) of the property.
When buyer and seller have an agreement about the selling of the house (price, date, resolutive conditions), the real estate agent will make up a purchase agreement which has to be signed by both parties. After the buying party has received the signed agreement, he/she will have three days for consideration. After these three days, the home will be 'sold' (mostly under resolutive conditions like the financial issues).
For an existing house, the loan in 2015 can be to a maximum of 103% of the market-price (under normal conditions). In the coming years this percentages will go down to 100% in 2018.
Kosten koper (k.k.) means 'buyer's costs'. These are the costs that have to be paid by the buyer for transferring the house. The 'buyers costs' is about 10% of the purchase price.
Included in this k.k. are:
- Transfer Tax;
- Notary fees for drafting the deed of transfer;
- Land Registry Fees for registration deed of transfer.
In addition to these costs, the buyer must also take account of:
- Notary fees for drafting the mortgage;
- Land Registry Fees for mortgage registration.
The commission for the real estate agent is not included.
When buying a new house, an option is often used. It means that a potential buyer is getting a bit more time to make the decision about buying. Other parties will have to wait.
For an existing house, an option is seldom used. It will always be the decision of the seller and the selling real estate agent, if an option will be given.