What does ‘kosten koper’ mean exactly?
‘Kosten koper’ refers to the costs you must pay as a buyer when purchasing a property. These costs include:
- Transfer tax: 2% of the purchase price (with a possible exemption for buyers under 35 years old, under certain conditions). This applies only to existing properties and not to new construction.
- Notary fees for the deed of transfer: Costs for drafting and registering the deed of transfer.
- Notary fees for the mortgage deed: Only applicable if you take out a mortgage.
Additionally, there may be additional costs such as:
- Appraisal fees: For the appraisal of a property.
- Mortgage arrangement fees: Costs from the intermediary or bank for arranging the mortgage.
- Buyer’s agent fee: For hiring help to achieve a successful purchase.
Hiring a buyer’s agent is not mandatory, but it’s important to know that a selling agent represents the seller’s interests. Therefore, it is wiser for the buyer to hire their own agent to represent their interests.
