Buying a property is a big step that can have a major impact on your financial future. Although the whole process may seem straightforward, many buyers encounter problems that could easily have been avoided. To help you avoid common mistakes and complications, we have compiled a list of the five most common problems to watch out for when buying a property.

1. Reservation agreement – Don't underestimate the details

One of the biggest mistakes buyers can make is signing an inappropriate reservation agreement. A bilateral agreement between the buyer and the real estate agency does not bind the seller, which means that they can withdraw from the sale without any problems. To ensure security, always request a tripartite reservation agreement that includes all parties involved and provides you with legal protection in case the seller changes their mind.

2. Property size – Check the actual size

The advertised size of the property can be misleading. Many brokers include balconies, basements, or other spaces that are not part of the living area in the total area. This mistake can cost you a lot of money if the price per square meter takes into account areas that you will not ultimately use. Before signing the contract, check the actual size in the land registry and find out what is included in the apartment or house. Don't forget to check whether the usable or floor area is listed, as this can affect the price.

3. Other properties related to the purchase – Don't forget about land and shares

When purchasing real estate, it often happens that the purchase contract does not include all the components that belong to the property. These may be land, shares in non-residential premises, or other parts that remain with the original owner. Find out what belongs to the property and verify this at the land registry, where you can obtain an overview of all the properties owned by the owner. This step will help you avoid unexpected costs in the future.

4. Late handover of the property – Include conditions in the contract

If the seller delays the handover of the property, this can be a complication for you. To avoid a situation where you have to wait longer than necessary for the handover of the property, include a penalty clause in the purchase contract for each day of delay. The penalty should be high enough (for example, 2-3 times higher than the rent for a comparable apartment) to motivate the seller to move out quickly.

5. Property furnishings – Make sure you know what is included in the sale

When viewing the property, you may notice furniture or appliances that you like. The real estate agent may promise you that the furnishings will remain part of the sale, but when you take possession, you may find that you are moving into an empty apartment. To avoid misunderstandings, make sure that all furnishings that are to be included in the sale are clearly stated in the reservation agreement. This will help you avoid disappointment when you take possession of the property.

Conclusion

Buying a property is a complex process that requires careful preparation. By avoiding these common mistakes, you will have greater confidence that the transaction will go smoothly and without complications. Always make sure you have the right contracts, verify the information, and carefully review all the terms and conditions related to the purchase. With these steps, you will be one step closer to your dream property.