Buying a house

How does a sale take place?

Once the seller and buyer agree on the most important matters, including price, delivery date, dissolutive clauses and any agreements on movables, the selling NVM estate agent records the agreements in the deed of sale.

Only when both parties have signed the deed of sale will the sale be concluded.

Dissolving clauses are an important consideration. If you want these to be included in the purchase agreement, you need to include them in the negotiations. As a buyer, you do not automatically get a dissolving condition.

Buyer and seller must agree on additional arrangements and dissolving clauses before the deed of sale  is drawn up. Examples of dissolving clauses are:

1. financing arrangement clause

2. No housing permit

3. Negative outcome of a technical inspection

4 Failure to obtain National Mortgage guarantee

5. NVM NO-Risk clause

The sale is not concluded until the deed of sale is signed by both parties. This stems from the Real Estate Sales Act and is called the requirement of written form.

What exactly does the three-day reflection period mean?

A verbal or e-mail-confirmed agreement is therefore not sufficient. Once the seller and the buyer have signed the purchase agreement and the buyer (and possibly the notary) have received a copy of the agreement, the legal reflection period comes into effect for private buyers. Within this time, you as a buyer can still decide not to buy. After this time, the sale is final, unless the dissolving conditions apply.

The legally stipulated three-day reflection period means that, as a buyer, you can dissolve the sale without giving reasons. The three-day reflection period starts as soon as a copy of the signed purchase agreement is given to the buyer. The reflection period can last longer than three days if it ends on a Saturday, Sunday or generally recognised public holiday. Rules have been drawn up for this. The NVM estate agent can indicate exactly when the reflection period ends.

As a buyer, can I expect advice from the selling agent?

The estate agent represents the seller's interests. He advises the seller during the sales process. Therefore, the selling broker cannot and should not represent your interests at the same time. So if you want guidance and advice during the buying process, it is wise to use a buying NVM estate agent yourself.

What is the difference between a buying agent and a buying coach?

An Ameo buying agent has undergone multi-year training as an estate agent, he must comply with the Code of Honour and has the largest network and database in the sector. In addition, NVM leads the way with innovative tools so you always have an edge over people without an NVM broker. The above does not apply to a buying coach. This is just a 'coach', not a professional estate agent.

 

 

 

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