Reflection period

Buying a house is one of the most significant purchases you will ever make. An excellent way to ensure you make the right decision is to have plenty of reflection time.

What is reflection time?

Reflection time is the period before someone commits to buying a house. This period allows you to thoroughly research your purchase before embarking on it. As a buyer, you can still withdraw and cancel the purchase free of charge.

How long is the statutory reflection period?

The reflection period for a house lasts three days after signing the buying agreement. This is stated in the law. Of these three days, at least two must be working days. Weekends and public holidays are not considered reflection time. Therefore, sometimes this period exceeds three days.

Our Walter Buying Service experts pay close attention to the timeline; if necessary, we use the opportunity to schedule a building inspection during the statutory three-day reflection period after signing the purchase agreement. We ensure that everything is scheduled and executed on time. You can still cancel the sale in the reflection period if anything critical is detected (costing a lot of money).

What happens if you want to cancel the sale after the statutory reflection period?

After the reflection period expires, you no longer have the right to cancel the deal. The selling party may have plans to move already. If you want to cancel the buying contract after the reflection period, you will pay a penalty of 10% of the purchase price. So it is essential to consider whether you want to buy a house.

Why should you use the reflection period?

The reflection period is essential because it allows you to obtain information about the house. For example, you can concentrate on getting information about the location, home condition, and surroundings. By properly taking the time to check over everything, you can ensure that you make the right decision.

Walter advisor

Buying a home?

Book your free orientation call with a Walter advisor. We will take you through the process of buying your next home.

Book a call — it's free

Continue reading

A variety of tools for calculating a mortgage loan are available online. However, these tools give a rough estimate and offer no guarantees. For proper insight, it is better to consult a bank directly or an agent: your financial adviser. Continue reading →

A remodeling estimate is required if you plan to remodel and want to have the costs paid for within the mortgage loan Continue reading →

An age clause protects the sellers when the home is sold from liability for hidden defects in the home due to its age. These defects were not previously known to the sellers at the time of the sale. Continue reading →

Buy a home?

Looking for your next home? Walter is ready to help right away.

Try Walter for free

WhatsApp

We answer your questions from Mon to Fri from 09:00 to 18:00.

Send a message

Phone

Call us Mon to Fri from 09:00 to 18:00 on +31 85 080 6860.

Call us

E-mail

E-mail us and we will respond as soon as possible.

Mail us

Join 166,082 buyers
Magnific Magnific Magnific

Walter Living is registered in The Netherlands with the address Walter Tech, B.V. Singel 542, 1017AZ, Amsterdam. Our Chamber of Commerce number is 73708585 and our tax ID is NL859636033B01.

Service

Would you rather contact us via WhatsApp? Send an app to +31 85 080 6860

Walter Living, BV. All rights reserved.