How to Beat Overbidding in Amsterdam’s Market: Why Some Buyers Can’t Win and the Role of Agent Fees
Buying a home in Amsterdam isn’t easy. With only 30% of properties owned by individuals, the market is tight. High demand and low supply put pressure on every buyer, especially with rising prices and constant bidding wars.
Overbidding: Cash is King
Imagine finding the perfect home—only to discover ten other buyers feel the same way. Overbidding is common here, and those with cash or the willingness to bid high often come out on top. But there’s a catch. In the Netherlands, banks only finance up to 100% of a property’s actual value, not the purchase price. If a home is valued at €475,000 and the winning bid is €525,000, buyers must cover the €50,000 difference themselves, along with 2-6% in transaction costs.
Imagine finding the perfect home—only to discover ten other buyers feel the same way. Overbidding is common here, and those with cash or the willingness to bid high often come out on top. But there’s a catch. In the Netherlands, banks only finance up to 100% of a property’s actual value, not the purchase price. If a home is valued at €475,000 and the winning bid is €525,000, buyers must cover the €50,000 difference themselves, along with 2-6% in transaction costs.
The Ups and Downs of Bidding
Losing a bid is part of the process here, and it can feel discouraging. But persistence pays off. My advice? Take a deep breath, let off some steam, and get back in the game. With the right approach and a resilient mindset, your time will come.
Why Having an Agent Matters
A strong buyer isn’t just financially ready—they’re reliable. Agents prefer working with other agents because it saves time and keeps the process smooth. Buyers without an agent often need more guidance, which slows things down. And since selling agents are paid by their clients, extra time spent on buyers without representation is unpaid.
When a deal falls through, sellers typically turn to past bidders with solid offers before returning to market. Here’s where having an agent with a strong network really makes a difference. I help position you as a serious, well-prepared buyer, which can increase your chances of getting a call back.
The Key to Success: Trust Your Agent
Teaming up with an experienced agent is a big advantage. I’ll guide you through Amsterdam’s complex market, present you as a reliable buyer, and keep the process moving smoothly. With the right agent and a realistic approach, you’ll be well-positioned to find a home that matches your goals and budget.
Why Paying a Percentage Fee Aligns Our Interests with Yours
There are rumours in the market that some selling agents charge an extra fee above the fixed fee if the sale price exceeds a certain amount. While this can be very lucrative for them, as a buyer, it’s a tricky situation. With over 20 years of experience as a certified purchase agent in Amsterdam, one of my key roles is to keep you grounded throughout the process.
If a property is underpriced, I’ll know and I’ll advise you accordingly. If we don’t win the bid, it’s disappointing, but my job is to help you stay realistic and focused. Just like with overbidding, sometimes walking away is the best option.
We offer a full-service package with a no-cure, no-pay policy. We only get paid if we deliver a successful deal. Our fee is 1.5% of the purchase price, excluding 21% VAT, and is based on the work we do. We would be out of business very soon if we advised you to bid much higher just to increase our fee. To put it simply: for every €10,000 increase in price, we make only €150 extra. Hardly enough to get excited about, right? It’s certainly not worth inflating the price.
I’ve built my reputation over two decades by being transparent, working hard to get the best deal for you, and always keeping your best interests at heart. I prefer to rely on your referrals, which are the true measure of my success.
Let’s work together to find you the perfect home, without the added pressure of inflated fees or unrealistic expectations. E-mail me at info@burgemeestervastgoed.nl, and let’s get started today!
Increased NHG Limit for 2025: Opening Doors to Homeownership
The National Mortgage Guarantee (NHG) Limit for 2025 is Set
The National Mortgage Guarantee (NHG) limit for 2025 has been set at € 450,000. For mortgages that include additional energy-saving features, this limit will be 6% higher, reaching € 477,000. Additionally, the one-time premium for obtaining a mortgage with NHG will decrease to 0.4%. These changes will enable more homebuyers to secure a mortgage with NHG.
The NHG limit is recalibrated annually using an established method that takes into account the development of housing prices.
Reduction in NHG Premium
The reduction of the closing premium from 0.6% in 2024 to 0.4% in 2025 is particularly beneficial for first-time buyers and those with mid-range incomes. For a mortgage of €450,000, buyers will pay € 1,800 in premiums starting next year instead of € 2,700, resulting in a gross savings of € 900.
Affordability Limit Set
The government aims to produce 100,000 homes annually, with two-thirds designated as affordable. The limit for affordable purchase homes will be indexed according to the Consumer Price Index (CPI) again this year. For 2025, the upper limit for affordable purchases will be €405,000, compared to €390,000 in 2024.
Enhanced Protection
The NHG provides homebuyers with access to responsible mortgages when purchasing a home. With an NHG mortgage, buyers face fewer risks and often benefit from lower interest rates. The NHG also serves as a safety net for households experiencing personal circumstances such as relationship breakdowns or disability. This safety net allows buyers to make more informed and confident decisions when purchasing a home, knowing they have additional support during challenging times.
While I appreciate these developments, the housing market remains largely locked for individuals without savings or parents who can offer a family loan. I celebrate every opportunity created to help young people find their own place. My name is Barry Burgemeester and my goal is to be a supportive agent for everyone, so if you have any questions or need assistance, please feel free to reach out via email: info@burgemeestervastgoed.nl
5 Onmisbare Tips voor het Succesvol Kopen van een Huis in Amsterdam
Wij kopen al meer dan 20 jaar huizen aan voor expats in Amsterdam en omstreken. Toch weten ook steeds meer Nederlandse klanten ons te vinden. Speciaal voor hen heb ik dit stukje in het Nederlands geschreven: 5 onmisbare tips voor iedereen die in de Amsterdamse regio een huis wil kopen.
Tip 1: Begin met sparen voordat je denkt aan een huis kopen
Voordat je een woning gaat kopen, is het belangrijk om een goed financieel plan te hebben. Voor de aankoop van een huis heb je al snel 2-6% van de koopsom nodig voor kosten koper (zoals notaris- en makelaarskosten). Dit is nog exclusief mogelijke overbiedingen en het eventuele verschil tussen de koopprijs en de taxatiewaarde van de woning. Ben je jonger dan 35 jaar en koop je een huis onder €510.000? Dan kom je in aanmerking voor een eenmalige vrijstelling van de overdrachtsbelasting. In andere gevallen moet je rekening houden met een kostenpost van 4-6% van de aankoopprijs.
Tip 2: Raadpleeg een hypotheekadviseur voordat je begint met zoeken
De huizenmarkt in Amsterdam is erg snel. Daarom is het cruciaal om te weten wat je kunt lenen, zodat je snel kunt handelen wanneer je jouw droomhuis vindt. Een hypotheekadviseur kan je hierbij helpen. Zorg ervoor dat je eerlijk bent over je financiële situatie, inclusief eventuele spaargelden of leningen, zodat je weet wat jouw mogelijkheden zijn.
Tip 3: Kies voor een lokale en gediplomeerde aankoopmakelaar in Amsterdam
In Amsterdam kom je regelmatig uitdagingen tegen zoals erfpacht, Vereniging van Eigenaren (VvE), funderingsproblemen en regelgeving rondom verbouwingen. Daarom is het belangrijk om een ervaren en gecertificeerde aankoopmakelaar in de arm te nemen die de markt door en door kent. Het beroep “makelaar” is niet beschermd, dus kies bewust voor iemand met kennis van de Amsterdamse huizenmarkt. Een professionele makelaar zorgt voor begeleiding bij de bezichtigingen, onderhandelingen, en kan doorslaggevend zijn bij het sluiten van een deal.
Tip 4: Laat je niet ontmoedigen door teleurstellingen
Het kan gebeuren dat je meerdere biedingen verliest. De verschillen tussen de vraagprijs en de uiteindelijke koopprijs kunnen soms enorm zijn, en er zijn altijd mensen die meer kunnen bieden. Zorg ervoor dat je een realistisch beeld hebt van wat je kunt uitgeven en dat je weet wat de marktwaarde is van een woning. Een goede aankoopmakelaar helpt je bij het maken van strategische biedingen en voorkomt dat je onnodige fouten maakt.
Tip 5: Betaal nooit vooraf aan een makelaar in Amsterdam
In Amsterdam is het niet gebruikelijk om vooraf een makelaar te betalen. Alle betalingen, inclusief de courtage voor de aankoopmakelaar, worden veilig en transparant geregeld via de notaris. De notaris is een onafhankelijke partij die zorgt dat alle financiële transacties bij de aankoop van een woning correct verlopen. Dit geeft jou als koper de zekerheid dat alles volgens de regels gebeurt en er geen onnodige risico’s zijn. Betaal daarom nooit vooraf aan een makelaar of andere betrokken partijen; dit is simpelweg niet de standaard werkwijze in de Amsterdamse huizenmarkt.
Met deze tips ben je beter voorbereid op de huizenjacht in Amsterdam. Succes met het vinden van jouw droomhuis!
Ik ben Barry Burgemeester, 23 jaar gediplomeerd makelaar. Mijn missie is om huizenkopers goed te informeren en succesvol een huis te laten kopen.
Understanding the Woningwaarderingsstelsel
As purchase agents, we often help clients who want to buy a home as an investment to rent out. To explain the "Woningwaarderingsstelsel" (Housing Valuation System), here's what you need to know.
The Woningwaarderingsstelsel is a point-based system used to set the maximum rent for a property. It seemed like a good idea but can lead to issues. The system gives points based on the size of the home, number of outlets, and energy label. A property needs 187 points or more to qualify for the free rental market. For example, a studio under 50 m² with an A++ energy label might rent for €1,800, while a 75 m² apartment with an E label might be limited to €1,000 per month.
For many homeowners, the rent they can charge doesn’t cover their mortgage, taxes, and service costs. As a result, many decide to sell instead of rent, which reduces the number of homes available for rent.
Renters are feeling the impact. Rental prices keep rising, and no one is benefiting. As rents go up and homes are sold, more people stay with their parents longer or remain in small apartments. This makes it harder to move in with a partner or start a family.
Buying a home also comes with challenges. You need savings to cover extra costs like taxes and notary fees. More homes are coming onto the market, but the shortage is still so big that overbidding has become common—sometimes making us raise an eyebrow.
If you’re thinking about buying, make sure to budget for all the costs, stay realistic, and work with a local agent. It might be the best plan for the long run.
Why It’s Important to Attend Property Viewings in Person
Why Attending Property Viewings in Person is Important
Your real estate agent can attend a viewing and show you the property through a video call, but it’s not the same as seeing the home in person. Your agent can offer an objective opinion, but this will be **your home**. Only you can get the true feel of the space by being there.
Limited Viewing Dates
Most sellers and their agents set 2 or 3 dates for viewings. It’s important to make sure you or your partner attend at least one of them. If you miss it, there is no guarantee of a second viewing. Demand is high, so don’t count on having another chance.
High Demand Means You Need to Be Present
With today’s shortage of supply and high demand, sellers can choose from many buyers. Sellers prefer buyers who have attended the viewing in person. If you don’t, it might hurt your chances of securing the property.
Make Your Home Search a Priority
If you’re away or planning a holiday, let your agent know. It’s best to start your home search when you can commit to attending viewings in person. We understand that everyone is busy, but being a bit flexible with your schedule can make a big difference in finding your dream home.
Ready to Get Started?
I’m Barry Burgemeester a Certified Real Estate Agent serving Amsterdam, Amstelveen, Aalsmeer, Uithoorn, and the surrounding areas. With over 20 years of experience helping expats, I’m here to guide you through the process and help you find the perfect home.
Finding Your Ideal Family Home Near Amsterdam
For families looking to settle near Amsterdam, Aalsmeer, Amstelveen, Diemen, and Uithoorn offer a perfect mix of comfort and convenience. These towns provide suburban peace with easy city access, offering a range of housing options, from spacious apartments to single-family homes. The housing market is more relaxed than in Amsterdam, though still competitive.
Aalsmeer
Close to Amsterdam and Schiphol, Aalsmeer offers modern homes, including villas. With 14,199 households, 36% are families with children. Aalsmeer leads in sustainable construction, with large developments upcoming. Average list price: €583,722.
Amstelveen
Amstelveen is popular with families and expats, offering diverse housing near the city and Schiphol. With 45,149 households, 36% live alone. Over 50% of homes are single-family, and 47% are privately owned. Average list price: €660,222.
Diemen
Diemen combines urban proximity with township tranquility. With 16,669 households, 41% live alone. Developments like Holland Park attract families and professionals. Average list price: €524,818.
Ouderkerk aan de Amstel
Ouderkerk offers a peaceful setting with 6,466 households. Most homes are single-family, with 55% privately owned. Average list price: €666,756.
Uithoorn
Uithoorn’s green neighborhoods are ideal for families. With 13,747 households, 33% are families with children. The new Uithoornlijn tram connects to Amsterdam South. Average list price: €501,065.
ABOUT US
We operate as a purchase agent in Aalsmeer, Amstelveen, Diemen, Uithoorn, and the surrounding areas. Our team is dedicated to helping you find the perfect home. We're always happy to set up a Google Meet or an in-person appointment at our office to discuss your needs and guide you through the buying process.
Whether you're just starting your search or ready to make a move, we're here to assist you every step of the way.
Cold Figures vs. Reality: Home Buying Tips for 2024
In June 2024, the housing market experienced a significant shift. Prices of existing homes surged by 9.7% compared to the previous year, marking the biggest increase in two years, according to CBS Statistics. Despite this, the total number of transactions from June to June dropped by 12%, with only 14,662 homes sold. In the first half of 2024, 92,383 homes changed hands, with the average transaction price reaching €441,112.
Utrecht was the standout performer with a 17.3% price increase in the second quarter. Amsterdam followed closely with a 10.4% rise. The Hague saw prices climb by 5.9%, while Rotterdam experienced a 5.3% increase.
In Amsterdam, buyers typically pay 4.9% above the asking price. However, this figure can vary per home, so evaluating each situation individually is essential. All these statistics provide a clear picture of the 2024 market trends, but what if you're looking to buy a home? Our first expert tip is: stay positive!
Approach the Market with just 3 Home Buying Tips
Given these statistics, how can you navigate the home-buying process and stay realistic? Here are some home buying tips:
1. Understand your financial boundaries before diving into the market. Determine how much you can afford. This ensures you're ready to act quickly when you find the right home. A good financial advisor can provide invaluable guidance. They can help you understand your budget, explore financing options, and ensure you're financially prepared.
2. The demand often exceeds the supply in the housing market. Set realistic goals about what you can achieve within your budget. Understand that conditions can vary greatly depending on the location and specific property. We believe there is a house for everyone, so do not get too disappointed if you lose a bid, the home is not meant to be yours.
3. Work with a certified real estate agent who has an excellent reputation and proper qualifications. Since real estate is not a protected profession, ensure your agent is knowledgeable about local issues, especially in Amsterdam. They should understand topics like ground leases (which can affect your mortgage), moisture problems, owner associations, and foundation issues.
By keeping these points in mind, you can approach the home-buying process with confidence and clarity. Remember, preparation is key. Knowing your financial limits, seeking professional advice, and setting realistic expectations will help you navigate the market effectively.
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My name is Barry Burgemeester, founder of Burgemeester Vastgoed, and a certified real estate agent. I have been helping expats buy their homes since 2001. If you would like to benefit from my expertise, feel free to email me at info@burgemeestervastgoed.nl
Discovering the Charm of Amsterdam's Canal Homes: A Real Estate Perspective
As a real estate agent in Amsterdam, I’ve had the privilege of exploring some of the most enchanting properties this city has to offer. Among these, canal homes stand out as true gems, combining history, charm, and modern living in a way that is uniquely Amsterdam. Let’s dive into the allure of Amsterdam’s canal homes and why they make an exceptional choice for buyers seeking something special.
A Glimpse into History
Amsterdam’s canal homes date back to the 17th century, during the Dutch Golden Age. The famous canal ring, known as the Grachtengordel, was created to accommodate the city’s growing population and thriving trade. These canals were both practical and beautiful, forming a stunning urban landscape that remains largely unchanged today. Canal homes were originally built for wealthy merchants and traders. Their tall, narrow fronts were designed to avoid high taxes based on the width of the property. Despite their narrow appearance, canal homes are often surprisingly spacious inside, extending deep into the block.
Architectural Beauty
One of the most captivating aspects of Amsterdam’s canal homes is their architectural beauty. Each house has its own unique character, often featuring ornate gables, large windows, and intricate details. The common styles include stepped gables, bell gables, and neck gables, adding to the city’s picturesque skyline. Inside, these homes often feature high ceilings, exposed wooden beams, and large windows that let in plenty of natural light. Many canal homes have been meticulously preserved and restored, offering a perfect blend of historic charm and modern amenities.
The Allure of Canal Living
Living in a canal home offers a lifestyle that is both peaceful and vibrant. The tranquil canals provide a serene backdrop, while the bustling streets and rich culture of Amsterdam are just a step away. Residents can enjoy the best of both worlds – the calm of canal-side living and the excitement of city life. Imagine waking up to the gentle sound of water lapping against the canal walls, sipping your morning coffee while watching boats glide by, and taking leisurely walks along tree-lined canals. For many, this is the epitome of a dream lifestyle.
Practical Benefits
Beyond their beauty and history, canal homes offer several practical benefits. Their central location means easy access to Amsterdam’s top attractions, shops, restaurants, and cultural venues. Many canal homes also come with private gardens or terraces, providing rare green spaces in the heart of the city. Additionally, these homes are built to last. Their thick walls and solid foundations offer durability and comfort. Modern renovations often include state-of-the-art insulation and heating systems, combining old-world charm with modern convenience.
Investing in a Canal Home
For those considering real estate investment, Amsterdam’s canal homes are an excellent choice. Their historical significance and unique charm make them highly desirable properties. Limited supply and high demand ensure these homes maintain their value and often appreciate over time. Amsterdam’s commitment to preserving its historic buildings means that investing in a canal home is not only financially rewarding but also contributes to the city’s cultural heritage.
Conclusion
Amsterdam’s canal homes are more than just residences; they are a testament to the city’s rich history and enduring charm. Whether you’re drawn to their architectural beauty, the allure of canal-side living, or the practical benefits they offer, owning a canal home in Amsterdam is a unique and rewarding experience. If you’re looking to immerse yourself in the magic of this historic city, there’s no better way than by making a canal home your own.
Contact me today to explore the possibilities and find your dream canal home in Amsterdam.
Why You Need an Expert Agent to Buy an Amsterdam Home
Wondering what makes Barry the top buying agent in Amsterdam? Beyond his friendly, personable service, excellent reputation, and unique service level, Barry's deep market knowledge and years of experience make him the ideal guide for any expat searching for their dream home.
Navigating the housing market in the Netherlands is challenging, especially in the Amsterdam region, where only about 30% of people own homes. This low ownership rate creates a high demand with limited supply. If you're moving from abroad, Barry can help make your transition smooth and hassle-free, ensuring you find the perfect property for your new life in the Netherlands.
Here are some of Barry's most frequently asked questions from first-time buyers to give you an insight into how his service works.
1. I have never bought property before. Where do I start?
First, determine your budget by assessing your savings and mortgage eligibility. The very first step is to find out how much you can borrow. The market is highly competitive, so you need to be ready to act quickly. Consulting a mortgage expert is crucial, and we can help with that.
You can borrow up to 100% of the property’s value, but you'll need an additional 4-6% of the property's price to cover taxes, estate agent fees, notary fees, and other expenses. Once you know your numbers, make a list of requirements and start your search online. Keep in mind that properties in the Amsterdam region often sell above the asking price. We'll always be honest with you about whether your expectations align with reality.
2. Why is it important to have an estate agent who understands my requirements?
A good agent understands your needs and explains what is feasible, making the process smooth and successful.
3. What are the benefits of working with an experienced estate agent from an expat perspective?
An experienced agent will guide you through the process, avoid pitfalls, and ensure the deal is completed smoothly. Sellers prefer working with experienced buying agents. The title "makelaar" is not protected, so make sure you team up with someone who has a diploma and knowledge.
4. Cost breakdown: If I spend €600,000 on a property, how much goes to my estate agent as commission, and what is my return on investment in choosing Burgemeester Vastgoed?
Depending on the transfer tax bill (approximately 2%), expect to pay around 5% of the purchase price in total fees. The commission for working with BV is 1.5% ex VAT. BV offers excellent responsiveness and high-quality service, ensuring a knowledgeable and personal approach. If there's a deal to be made, we'll make it happen!
5. If I have a dispute with the seller, how can Burgemeester Vastgoed assist me?
We will support our clients as much as possible. If the issue is beyond our expertise, we will advise you on the necessary steps and connect you with the right organizations to resolve the issue.
6. Negotiations are not my strong point. How does Burgemeester Vastgoed secure the best price for me, and how is this different from other agents?
At BV, we assist our clients from start to finish and negotiate the best deal possible. Our goal is client satisfaction, and we pride ourselves on our unique, personable service.
7. I’m choosing between Burgemeester Vastgoed and a cheaper, less experienced agent. Why should I choose Barry?
Value is key; choosing a cheaper agent often means lower-quality service. We provide a high level of service and charge a consistent percentage to ensure this quality. If you're serious about finding your dream home, we'd love to chat with you. Call or email us now for an appointment, and take the first step toward securing your perfect property.
For more information or to schedule an appointment, contact Barry Burgemeester at info@burgemeestervastgoed.nl today!
Expert Tips for Bidding on a Home in the Netherlands
Bidding on a property is a skill honed over years of experience. Having an expert on your side, like Barry Burgemeester, can make all the difference. Barry combines diligence with extensive knowledge to help you get the best deal. We recently sat down with Barry to answer common questions about bidding on a home in the Netherlands.
What does it mean to 'bid' on a house in the Netherlands?
Bidding on a house shows your interest in purchasing it—it’s more than just a price offer; it's a proposal. Sellers consider factors like flexibility, financing conditions, and budget. If you're unsure about presenting yourself in the best light, a real estate agent can guide you through the process.
What happens during the bidding process?
Your real estate agent will draft and submit your offer to the seller or their agent. To make you an appealing candidate, your agent will help you create a compelling profile. With many competitors vying for the same property, thorough preparation is essential.
Why should I use a real estate agent to bid on a home?
Securing your dream home involves many fast-moving parts, often negotiated in Dutch. Without fluency in the language and familiarity with the market, it can be challenging to keep up. A skilled real estate agent ensures you bid on properties that offer good value and fit your budget.
What should I know about overbidding?
The Amsterdam market is highly competitive, often requiring overbids. Determining the right amount to overbid is tricky, but a seasoned real estate agent can provide strategic advice to benefit both you and the seller.
How do I finance a bid when overbidding?
Before bidding, you need to understand the extra costs involved in overbidding. A real estate agent like Barry, with his extensive experience, can help you estimate the total cost. This way, you can secure your finances and be ready to act quickly.
What happens if I win the bid?
Congratulations! But remember, the initial verbal agreement or email confirmation isn't binding. A deal becomes binding only after all parties sign the sale and purchase agreement. Barry will guide you through this process smoothly and answer all your questions.
Get in Touch with Barry Burgemeester
Bidding can be daunting, especially in an unfamiliar market. However, with the right real estate agent, you can feel confident that your interests are prioritized. For a free consultation, email info@burgemeestervastgoed.nl today.
About Barry Burgemeester
Barry Burgemeester is a certified real estate agent with over 23 years of experience. Originally from Utrecht, he is passionate about helping clients in Amsterdam and beyond. Specializing in assisting expats, Barry expertly guides them through finding their dream home every step of the way.