When you want to know what your house in The Hague is worth, you carry out an appraisal. An expert will come and check all the points of the house, look at the land registry data and take into account the housing market at that time.
Above we have already briefly mentioned that a valuation report NVM must be validated. Also in home in The Hague, at least this is often a requirement. It is the job of the Dutch Property Valuation Institute to check whether the appraiser has done everything according to the rules.
It is important to check that there is no conflict of interest. This is because sometimes people want a higher appraisal value for their mortgage, but this is not allowed. The NVM has strict quality requirements and if they are tampered with, the appraiser can be fired. So make sure you always get an NVM-validated valuation report.
An appraiser can set his rate, which is why prices can vary widely. In addition, appraisers in The Hague may work for a radius around 20 kilometers (measured from the office or the object to be appraised). This also makes dependent on a limited supply.
Are you going to buy a property in The Hague? If so, you need an appraisal that is NVM-validated. Especially if you are a starter. This is because the bank wants to be sure that you are not paying too much for the property. Has the value of your home in The Hague increased? Then it could just be that your interest rate could be lowered. Reducing the risk for the mortgage lender is reduced, which means your interest rate can be lowered.
Do you want to switch to another mortgage provider? However, you must first be able to show an NVM-validated valuation report about your home.
Selling your home in The Hague? Then you can have your home appraised in advance of a good initial indication of the value. At the end of the day, the municipality determines the WOZ value, but an appraisal gives you a good picture of the market value.
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