Buying a house in the Netherlands
Is it compulsory to have a written contract to buy a house or is a verbal agreement binding as well in the Netherlands?
I have made an offer and signed a ‘contract of sale’ for a house. Can I still withdraw the offer?
Yes, there is a lawful period which is valid for three working days. During this period, you are legally allowed to turn down the property.
It is also standard to have a clause that allows you to pull out in case you cannot secure a mortgage. Always check if this clause is in your contract. In case you are unable to get a mortgage, you need to provide proof of this from two different banks; otherwise you face financial liabilities up to 10% of the deposit.