Choosing Your Real Estate Appraiser in the Netherlands

If you have been thinking about purchasing a real estate property for personal use or as an investment, you’ll need to hire the services of a real estate appraiser in the Netherlands. If you plan to finance your home through a bank or other lender, you’ll more than likely need to get the property appraised first. Banks and most lenders want to know the value of the home for your and their own protection, as well as make sure that the home they are financing is worth the total amount that you take on the loan.

NWWI Appraisal?

Most institutional money lenders or banks require a NWWI appraisal. Let us explain to you how this works in the Netherlands. The Dutch Housing Value Institute, the NWWI, validates (approves) reports of home appraisals from affiliated appraisers and ensures that each appraisal is drawn up uniformly and according to clear guidelines. Lenders, intermediaries and consumers receive clear, objective and reliable home appraisals that provide insight into how the appraised value has been established.

A valuation report is an important tool in risk management for both consumers and financiers. And precisely at a time when house prices achieved in the past are no longer self-evident when selling, a correct and complete substantiation of an appraised value is of great importance for all parties involved.

In most cases, the appraisal indicates that the home does indeed meet or exceed the asking price. In some cases, however, the appraisal will come back saying that the home is worth less, the same or more than the selling price. If it is the case, that the buyer has paid more than market value it is clear that the buyer normally has to either drop the deal or try to negotiate with the seller to get a price that meets the appraisal. If the appraised price is the same or more than the buyer has paid for, there is no issue with the lender or bank.?

For those very reasons, a real estate appraiser is very important. When you are dealing with a home, one appraisal can make a deal or break it. Even though you may not be financing your purchase through a lender or the bank, you should still make an effort to get the home appraised and find out the true value. You should also make a point to find the best appraiser that you can afford. If you hire an appraiser who isn’t that experienced, you’ll pay for it later when you discover that the property isn’t worth what you paid for it.

A real estate appraiser will go through the home performing an evaluation, and then provide you with a written evaluation after he has gathered all necessary information. Appraisers will also take into consideration the replacement costs as well, if necessary. Also, they will have to very land descriptions as well. There is a lot of work involved with appraisals, which is why it’s so very important that each step of the process is performed correctly by a qualified real estate appraiser. An appraisal in the Netherlands will cost you between €800-1.000.?

If you have a real estate agent, he or she will more than likely be able to make a recommendation. Keep in mind that this doesn’t mean the recommendation is the best; it’s just someone who your agent works with. To ensure that you get the right appraisal on your home you’ll need to find yourself an appraiser who is capable of completing the job.

When you look for your real estate appraiser, you should look for someone who comes highly recommended. You can ask your dedicated real estate agent, family and friends for their opinions, or search even the Internet. If you take your time and search for the best real estate appraiser that you can find – you’ll normally get an appraisal that is right on target.

Stark Real Estate has a profound knowledge of the market and is up to date. Remember: A real estate deal is a good deal when everyone is happy! So, we from Stark Real Estate invite you to book an appointment with us, face-to-face or on Zoom, to answer all your questions.?

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Karola Grünenbaum,?

director Stark Real Estate ?

https://www.starkrealestate.nl

https://www.thehaguehousesandhappiness.com?

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