Is Bieden met Zekerheid the Right Choice for Homebuyers?

With homes in short supply and prices rising, many buyers consider bidding without a financing contingency to improve their chances. But is it the best option? A financing contingency allows you to cancel the purchase without penalty if your mortgage falls through, protecting you from paying 10% of the purchase price. The purchase contract sets a deadline for securing your mortgage, and you must prove serious efforts were made.

Bieden met Zekerheid offers a way to bid without a financing condition. It provides a certificate showing coverage (up to €750,000). If your mortgage falls through, insurance covers the penalties, giving you an edge in a competitive market.

Key Benefits for Buyers

  • No financing contingencies: Sellers view your offer as more secure.
  • Increased confidence: The insurance covers penalties if your financing falls through.
  • Competitive advantage: Bidding without a financing condition helps you stand out in a tight market.

Costs of Bieden met Zekerheid

The cost is around €1,175, excluding additional costs like a valuation report. You pay a small amount per property.

Risks and Downsides of Bieden met Zekerheid

While Bieden met Zekerheid seems attractive, but it carries risks. Acting as your real estate agent without proper knowledge and depending solely on a certificate could lead to serious mistakes—or even prevent you from buying a home. This product is often used as a revenue model for mortgage advisors who are pushed into acting like real estate agents after just a two-day course. While the title of a real estate agent isn’t protected, real estate is still a profession that requires skill and experience. I always recommend working with a certified agent to avoid costly errors.

Is Bieden met Zekerheid Right for You?

Though the benefits are appealing, bidding without a financing condition has risks. If your mortgage isn’t approved, insurance might cover penalties, but you could still lose the home. Make sure your finances are in order before making this decision.

Risks for Sellers

For sellers, accepting an offer without a financing condition may seem like a good deal, but there are risks. Without proper checks on the buyer’s financial stability, the sale could still fall through, leaving the seller to start over.

Conclusion

With 17 years of experience in the insurance industry, I strongly advise caution with Bieden met Zekerheid. Without solid financial planning and the right expert guidance, the risks are high. Always work with a certified real estate agent to protect yourself. Ensure your finances are solid before proceeding for a smooth transaction for both you and the seller. Keep your head up, do not get too disappointed if you lose a bid. With the right help, you will succeed!

 

I’m Monique Burgemeester. With a background in insurance, I bring a strong focus on transparency and safety to real estate. I’m open to new approaches, but my core belief is that buying a home should always be clear and secure. I’m dedicated to providing all the information you need to make informed decisions. Feel free to send me an email if you have any questions: monique@howtobuya.house