Are you looking to buy a house?
From now on, you can make an offer without a financing condition at Monroe Amsterdam. And you won’t risk a 10% penalty of the purchase price. This is possible with the Secure Bidding certificate.
In today’s real estate market, offering above the asking price is more the rule than the exception. Houses and apartments up to €450,000 are extremely popular. If you, as a prospective buyer, make an offer with a financing condition, you often won’t stand a chance. There are too many bidders making offers without this condition.
If you make an offer without a financing condition but don’t have enough personal funds, you run the risk of having to pay the deposit anyway if the mortgage is not approved. This deposit is 10% of the purchase price. For a purchase price of €450,000, this amounts to €45,000. That’s why mortgage advisors always advise against it. At Monroe Amsterdam, we recommend: Secure Bidding. This is possible for amounts up to €750,000.
What is Secure Bidding?
Secure Bidding is an insurance product that allows you to do two things:
- The insurance covers the bank guarantee, which is equal to the deposit: 10% of the purchase price.
- The insurance ensures that the deposit is paid by the insurer if you do not get the mortgage. This way, you can make an offer without a financing condition without financial risk. And you’ll have a better chance of securing your dream home.
The purchase advisor at Monroe Amsterdam is also your mortgage advisor and handles everything for your Secure Bidding certificate.
How does Secure Bidding work?
- The purchase advisor collects all relevant information from you. Based on a thorough analysis of this data, the advisor assesses your current financial situation.
- The advisor calculates how much you can borrow.
- This calculation is submitted to the insurer.
- The insurer issues a certificate for the maximum loan amount. If the maximum loan amount is not approved, the insurer pays the 10% penalty.
- The advisor also arranges a detailed valuation of the property, followed by an appraisal.
- Secure Bidding is possible for properties up to €750,000. The insurance will cover up to €75,000 of the deposit if the mortgage is not approved. The insurance also covers situations like death or unemployment, with a maximum payout of €40,000.
- The seller gains certainty about the financing, so your offer is more likely to be accepted. Additionally, you can offer less than someone making an offer with a financing condition. This significantly shortens your home search process.
Want to know more? Contact us!
Neem vandaag nog contact met ons op en ontdek hoe wij je kunnen helpen bij het realiseren van je woondromen.
Call or message Monroe Amsterdam:
- Call Philip Knijff at: 06-57346472
- Send a WhatsApp message to Philip
Monroe Amsterdam 