PART 2 – Is now the right time to buy a house? (click here for the video)

Mie-Lan Kok Expat Estate Agency 2

However, you may still wonder if buying a home is the right for you.

Nowadays you don’t hear positive news about the current real estate market. That news has resulted that many prospective buyers decide to wait until the market will turn around before making a purchase. In fact, just the opposite should be the case. NOW is the time to get involved. The bad market is great for buyers. There are many reasons why now is the perfect time to take advantage of the many benefits offered by the current market. The larger inventory of homes for sale means that buyers now have a much larger selection of homes that are available. As a result, you have a much greater chance of finding a home that suits you the best. Considering the large number of properties that are currently available on the market, many sellers have recognized that they must be willing to negotiate on their price. This provides you as a buyer with the perfect opportunity to take advantage of.

Than the interest rate in the Netherlands is at the moment historical low. So that means you pay less interest over the life of the mortgage.

Another benefit for you as a buyer is that in 2011 the transfer tax or stamp duty has been decreased from 6% to 2%. So that safes you 4% on the purchase costs.

So why should you buy now?

Reasons to buy a home now

  1. Large numbers of houses for sale
  2. Great possibilities to negotiate
  3. Historical low interest rate
  4. Low percentage transfer tax