What costs are involved in selling your home?
Anyone selling a home mainly thinks about the proceeds. Yet there are also costs you'll want to know about in advance. That way you know what's actually left over after the sale, and you can plan your next step properly. In this article we outline the main items.
Agent's fees
The biggest item is usually the fee for your selling agent. This can be a percentage of the sale price or a fixed amount. When comparing, pay attention to what's included: photography, floor plans, a presentation on Funda, viewings and negotiations. A lower rate with many separate extras isn't always cheaper in the end. On our selling agent page you can read how we work.
Presentation costs
A strong presentation attracts more buyers. Think of professional photography, a floor plan with dimensions, a video or 360-degree photos. Sometimes these costs are charged separately, sometimes they're included in the package. It can also pay to invest in small touch-ups or styling. Our article on getting your home ready to sell has practical tips.
Energy label
When selling, you're required to have a valid energy label. If you don't have one yet, a certified adviser must assess the home. The costs depend on the type of home. More information can be found on our energy label page.
Measurement report and legal documents
To correctly state the living area, the home is often measured according to a fixed measurement instruction. For an apartment you'll also need owners' association documents, such as the deed of division, minutes and the long-term maintenance plan. Gathering these documents sometimes takes a while, so start on time.
Repaying the mortgage
When you sell, you repay your current mortgage. Depending on your contract, an early repayment penalty may apply, although this often doesn't apply when moving house. Check with your lender. If you have a new home in mind, taking your interest rate with you can be worthwhile. Discuss this with an adviser via mortgage advice.
Double housing costs
If you buy first and sell afterwards, you may have two mortgages for a period. Sometimes a bridging loan is needed. Those double costs are part of the costs of moving and should be included in your planning.
Which costs does the buyer pay?
In the Netherlands, the buyer usually pays the transfer tax and the notary costs for the transfer. This is called "buyer's costs" (kosten koper). As a seller, you therefore usually don't contribute to these, unless you agree otherwise.
Knowing what your home is worth
Before weighing the costs against the proceeds, you'll want to know what your home is realistically worth. Request a free valuation. Our agents look at recent sales in your neighbourhood and the condition of your home. That way you know where you stand before you decide.
Personal advice
Want to know what selling your home will cost and yield in your situation? Get in touch with one of our selling agents in Amsterdam, Utrecht, Rotterdam or Arnhem.
Don't forget the small items
Besides the big costs, there are smaller items that add up quickly. Think of the costs of clearing and cleaning the home, any repairs arising from an inspection, and moving costs. Cancelling or switching energy and internet contracts can also involve costs. Include these items in your budget, so you're not caught by surprise.
What's left net?
To know what you'll have left, subtract the mortgage debt, agent's fees and other costs from the expected sale price. The remaining amount is your net equity. You can use it for a next home or to save. Read more on this topic in our article on making use of home equity. A good calculation in advance provides peace of mind and helps you plan your next step.