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The costs that an real estate agent charges for assisting in the purchase of a house are often calculated as a commission. On average, buying agents in the Netherlands charge around 0.75 to 1.25 percent of the purchase price, which can be in the form of a percentage or a fixed fee. In addition, it can vary per buying agent whether they charge on a no cure no pay withdrawal fee or start up fee basis. In the current housing market there is a lot of scarcity, so it may happen that buying agents often have to accompany you to viewings. They often want to cover themselves with withdrawal costs or start-up costs, which is why there are more buying agents using this option nowadays.
Buying a house has become a lot more complicated in recent years. Finding a house that meets all your needs is unfortunately no longer a given. You also have to be careful and know what to look for when negotiating. A buying agent helps you with that.
Together with a buying agent, you search for the house that fulfills all your wishes. During the viewings, the buying agent gives thorough advice about the house, so that you can make a well-considered choice. Most of the buying agents in the Netherlands have a good technical background; they immediately see in what condition the house is and whether there are other (technical) points of attention. The role of an real estate agent is ultimately to protect your interests during the negotiations and ensures that you as a buyer get the best deal. This is therefore a great advantage to enter the negotiations and to realize the best purchase price. This way, a buying agent can save you a lot of money, which is certainly not an unnecessary luxury in the current housing market.
A buying agent is a costly expense, regardless of the performance. For many people, the costs of a buying agent outweigh the benefits. If you want to use a buying agent for the purchase of a house, it is wise to make clear arrangements about the costs beforehand. In addition, it can be financially attractive to agree on a bonus structure with the real estate agent. If the purchase broker can negotiate a better price, he or she will receive a bonus. In this way, each can come out of the purchase of the home positively.
Unexpected costs that a buying agent can charge
Before you start working with a buyingagent, it is advisable to discuss all costs, including the small print. At the time you discuss the costs with the buying agent, ask for the costs including VAT and what the conditions are. Discuss which tasks the buyingagent will perform for you. This way you can avoid unexpected costs. Common costs of a buying agent are:
– Extra payment per viewing;
– Start-up costs when entering into the contract;
– Withdrawal costs when withdrawing the assignment;
– Additional costs for preparing the purchase agreement;
The moment you withdraw your search assignment from the buying agent, costs may be involved. After all, the buying agent has already been busy finding your perfect home. Therefore, ask the broker what the withdrawal costs are or whether the buying agent works on a no-cure, no-pay basis. In some cases, a buying agent charges a start-up fee. While it happens regularly that the withdrawal costs are the same as the start-up costs. Are you interested in a buying agent who works on a no cure no pay basis? Always ask at an early stage. That way you don’t waste each other’s time.
When you start looking for a home, it is important to know what kind of brokers there are. For example, you have the internet broker and the traditional purchase broker. In most cases, an internet broker does not know the neighborhood very well, which can be a disadvantage unless you have done some good additional research yourself. The internet broker can help you with administrative tasks and negotiating. This way you save a lot of time! In most cases you pay a bit more for a traditional buyingagent, but he often has a lot of knowledge of the area and knows the other local agents. This way he also knows what kind of negotiation techniques different real estate agents use and which houses will be on the market in the neighbourhood.
A buying agent asks a fee for his services, this is often called a commission. The prices differ per broker office. In general, the commission is a percentage of the purchase price. Percentages are therefore more common for sales. When purchasing a home, it is more common for the buying agent to use a fixed amount and for this to be agreed upon in advance, so that there are no surprises.
When buying a house, several costs are deductible and others are not. Below is a clear overview of which costs are deductible and which are not. The cost of the purchase agent is not deductible, but many other costs are. If you bought your first home last year, it is wise to have a professional do your tax return. Especially since you have many expenses that are tax deductible, which can save you a lot of money. Looking for a good tax advisor? Then make an online appointment at My Online Tax Advisor.
– Mortgage adviser
– Notary fees for mortgage deed
– Cadastral fees for mortgage deed
– Valuation costs
– Costs for application NHG (National Mortgage Guarantee)
– Penalty interest
– Construction interest
– Costs of new construction deposit, renovation loan or renovation deposit
|– Purchase agent costs
– Notary fees for the deed of sale
– Costs of renovation (unless national monument, then other conditions)
– Repayment of owner-occupied home debt
– Cost of bank guarantee for payment of deposit
If you are a starter between 18 and 35 years old and you are going to buy a home for the first time, it is possible to buy a home with a starters exemption. This means that you can buy a home without the 2% transfer tax. This is only when you acquire a home under €400,000. For example, when the purchase price of a home € 401,000. Is you are not entitled to the exemption.
The purchase agent costs are not the only costs involved in buying a home. The “buyer’s costs” (k.k.) run up considerably, which means that in addition to the mortgage you must have saved well. In the table below you will find an overview of average costs of different services and taxes when buying a house.
Cost of different services
Costs including VAT
|Transfer Tax||(2% van koopsom)||€ 6000,-|
|Mortgage Advisor||€ 2500,-||€ 2500,-|
|Apply for NHG||0,7% van koopsom||€ 2100,-|
|Notary||€ 1000,-||€ 1000,-|
|Appraisal||€ 550,-||€ 550,-|
|Building inspection||€ 375,-||€ 375,-|
|Movers||€ 1250,-||€ 1250,-|
|Total||Dependent on price of house||€ 13.775, –|
Note: If you are a starter between the ages of 18 and 35 and you are buying a home for the first time, then the 2% transfer tax is not applicable. For homes over € 400,000, – you do pay 2% transfer tax.
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1 december 2021
Easy and fast
They found two realtors for me very quickly, then I was able to choose the one I liked without any additional fees.
1 december 2021
Marcel is very helpful
It was very easy for my buying agent to schedule appointments for viewings and even good bids!
27 augustus 2021
Below are the most frequently asked questions surrounding the cost of a buying agent. Can’t figure it out? Then contact us directly at 020 – 2442 818.
Are the costs of a buying agent deductible?
The costs that the purchase broker charges for his services are not tax deductible. Other costs surrounding the purchase are deductible, such as the appraisal costs, mortgage advisor, notary fees and applying for an NHG.
Do the costs of a buying agent differ per city in the Netherlands?
Every real estate agent in the Netherlands determines himself what he or she charges for the costs as a buying agent. In most cases, this depends on the average sales price in a city. Because of this, the costs for a buying agent differ per city.
Can you include the cost of a buying agent in the mortgage?
No, you have to pay the costs for the purchase agent yourself. When you buy a house there are many costs you have to pay yourself. You need your own money for: 2% transfer tax, notary fees, mortgage advice, technical inspection and the real estate agent.
What are the costs of a no cure no pay buying agent?
A no-cure, no-pay purchase broker only has to be paid after a successful purchase of a house. However, it is often the case that if you withdraw the assignment without any result, there are withdrawal costs. After all, the buying agent has already invested a lot of time in the purchase process.
What are withdrawal costs (in Dutch: intrekkingskosten) of a buying agent?
The moment you withdraw the assignment from the purchasing broker, you owe the broker a fee. In many cases, the broker has invested a lot of time and money, you have to pay some of this back. However, this is often not in proportion to the costs of a successful purchase.
What is the difference between brokerage and costs of a buying agent?
Commission is a percentage of the sale price of a house. Most buying agents charge a fixed amount and perhaps a bonus. Above all, do not agree on a commission with the buying agent, because then you will be more expensive with a more expensive house.