FAQ

Sale upon registration

Sale by registration often occurs when there is great interest in a home. With this sales method, several interested parties can make an offer on your house at the same time. If you sell a house that you expect to see a lot of interest in, real estate agents sometimes suggest starting a sale by registration immediately. You can also do this later in the sales process. You may proceed to this at any time. This may mean that if during a normal sales procedure it appears that interest in your house is so great, we advise you to register. Ongoing negotiations are then broken off and the interested parties can make a bid by registering.

In most cases it is better not to start a registration right away. We can explain this in a personal conversation.

How does sales by registration work?
In consultation with the seller, the selling broker determines the date and time at which interested parties can make their offer at the latest. All bids are expected no later than a set time (closing registration).

Immediately after the closing time, all bids received are reviewed and the seller announces whether and, if so, to whom he will award the house. This happens without further negotiations. Bidders will be informed immediately and our broker will then draw up the draft purchase agreement.

What should you pay attention to when registering as a seller
When selling upon registration, we talk about 'awarding'. This means that as a seller you determine which offer you think is best. Who do you give the deal? The best bid usually appears to be the highest bid. But this is incorrect. There are also other factors, such as the resolutive conditions, that determine what is most favorable to you. So consider in advance which conditions the offer must at least meet and whether your expectations are also realistic.

And remember, once the purchase agreement has been signed by both parties, you as a seller can no longer accept a better proposal. The buyer, on the other hand, has a reflection period of 3 days after signing.

What should you pay attention to when registering as a buyer
After it has been announced that your dream house will be sold through registration, it is first of all important to view the house. This is often done by appointment or through an Open House. We recommend doing this together with a buyer's agent. He looks objectively at the house and can advise you well in making an offer.

Your bid
You send your offer, including the resolutive conditions, to the selling estate agent before the set closing time.

Please note that you always express a bid in euros in an absolute number, for example 400,000 euros. Bids such as '1000 euros above the highest bid' are not valid.

Think carefully in advance, preferably in consultation with your estate agent, about what is a good offer in your situation. If you find certain guarantees important or want to include additional resolutive conditions, you must include this in the offer. But beware, only set conditions that are essential to you. Too many resolutive conditions make an offer less attractive. The seller can also award it to someone who offers a lower price, but sets fewer conditions.

After the closing of the registration, the broker will inform the bidders whether or not it will be awarded. It is therefore possible that no award is made at all. The decision not to 'award' does not have to motivate the seller.

The selling broker also does not enter into further negotiations with bidders.

If your offer is accepted, the selling broker will further elaborate the draft purchase agreement. After both parties have signed the agreement, the legal cooling-off period starts for you as a buyer. The cooling-off period is three days. You can still cancel the purchase within this cooling-off period.

If your offer is accepted, the selling broker will further elaborate the draft purchase agreement. After both parties have signed the agreement, the legal cooling-off period starts for you as a buyer. The cooling-off period is three days. You can still cancel the purchase within this cooling-off period.