The housing market in the Netherlands is tight and overheated. Buyers are willing to go the extra mile to acquire their dream home. They're less demanding and taking greater risks, such as skipping the building inspection . This can have significant financial consequences and is definitely not recommended. Another thing we're seeing is the "As is, where is" clause being increasingly included in purchase contracts by real estate agents and sellers. What exactly is this, and what risks do you face if it's included in your purchase contract? We'd be happy to tell you more.
The "As is, where is" clause means you buy the property in its current condition. This also means the seller is in no way liable for any defects that may come to light after the transfer. Similar clauses already exist, such as the age clause, which excludes defects due to age. The "As is, where is" clause goes further. It makes you, the buyer, responsible for all defects, both visible and potentially hidden. This clause has no legal definition and therefore carries additional risk for the buyer. Sellers can fully protect themselves with this clause.
With an "As Is Where Is" clause, you purchase the property in its current condition. If any defects come to light after the transfer, you are responsible for repairing or replacing them yourself. This can be expensive. Therefore, with an "As Is Where Is" clause, it's crucial to have clarity about the property's actual condition. This clarity is provided by a building inspection. During this inspection, the property is thoroughly inspected and examined to identify any defects. If we conduct this inspection for you, you will receive a detailed report on the property's technical condition.
In some cases, problems with the property are already clearly visible. Unfortunately, it's also common for problems to be present that aren't immediately apparent during a viewing. These problems are identified during a building inspection. This can include structural issues, such as damaged foundations, cracks in load-bearing walls, or wood rot. It can also involve technical defects, such as leaking pipes and outdated electrical systems. Of course, hidden defects, such as asbestos or damp problems behind the walls, are also revealed.
The risk of unexpected problems for the buyer is very high when an "as is, where is" clause is included in the purchase contract. All responsibility lies with the buyer. This means you could be faced with unexpectedly high costs. This can be prevented by having us conduct a building inspection beforehand. We provide clarity, so you know exactly what you're buying and the potential risks you're taking. You can schedule an appointment with us directly online. Would you like to know more first? Feel free to contact us.
The cost of a building inspection (up to 250 m²) is only €489 including VAT. We'll conduct a comprehensive building inspection and you'll receive a building report. Do you have any questions? We're happy to help and can schedule an appointment with an expert inspector right away if you wish!
