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What an estate agent does

An estate agent to help you buy or sell your property

An estate agent assists in buying or selling property. You can choose to engage them for the entire process or just a part of it. They provide pricing guidance, ensure regulatory compliance, and manage key exchanges. Additionally, they help find properties or buyers, including specialized ones like farms or listed buildings. They also arrange viewings, negotiate deals, and draft purchase contracts.

 
 

Pros of using an estate agent

  • Market Insight: First to know about new listings.
  • Organization: Handle contracts and negotiations. 
  • Expertise: Benefit from their knowledge and experience.
  • Objectivity: Provide a rational perspective, free from emotional bias.

Cons of using an estate agent

  • Cost: Typically 1%-2% of the purchase price or a fixed fee.
  • Pressure to close: May prioritize closing over the best price.
  • Additional costs: Possible extra fees for advertisements.
 

Good to know about an estate agent

It is optional. While an estate agent can handle many tasks when buying or selling a property, their services are optional. You can choose the level of involvement, even if it's just for specific tasks like drafting a purchase contract. If you decide to go solo, ensure you’re well-prepared. 

An estate agent has to:

  • Inform you about their actions on your behalf and their success.
  • Not represent both the buyer and seller of the same property.
  • Obtain your written permission before buying or selling.
  • Comply with standard terms and conditions if they are members of NVM, VBO, or Vastgoed Pro.

 

Cost of an estate agent

You pay the estate agent a commission, a percentage of the purchase price, which usually includes VAT. The commission rate can vary, and you might be able to negotiate the percentage. Different estate agents charge different rates, so it's wise to discuss this upfront.

 

Discuss your situation

Making substantial financial decisions can be daunting, but you don’t have to do it alone. The financial advisers at ABN AMRO are here to help. We will work with you to find the best solution for your needs.

Reasons for taking out a mortgage from ABN AMRO

Support from A to Z

A personal mortgage adviser: from the early stages of your house hunt until the mortgage has been secured.

25 years’ experience

Dutch mortgage market leader and expert in expats.

Service in English

The whole process and mortgage application are in English, with English-speaking mortgage advisers.