House-buying terms in Rotterdam

Asking price and valuation

The asking price is the amount at which the seller offers the home. A valuation is an evidenced opinion of the home’s worth for a defined purpose, such as finance. The two amounts can differ.

Mortgage and monthly cost

A mortgage is a loan for the home secured against the property. The monthly cost depends on the loan, interest rate, term and chosen conditions. An early calculation is not a final offer.

Buying costs

Buying costs is a broad label for expenses that often fall to the buyer of an existing home, such as transfer tax and the notarial transfer. Check the purchase agreement for the amounts that apply to you.

VvE and leasehold

A VvE manages the shared parts of an apartment building. Leasehold means the land may remain owned by another party. Ask about charges, agreements and future changes.

Termination clauses

A termination clause sets out when a purchase can end under agreed conditions. Make sure its wording and dates match your finance and documents.

Continue reading

The page on costs of buying a house in Rotterdam connects terms with amounts. The steps for buying a first house in Rotterdam places them in purchase order.