Are you about to buy a new house or apartment? Then you will have to deal with the key transfer. This is a crucial moment in your moving process, and good preparation is everything here. In this article we explain step by step how the key transfer works and which matters you need to arrange. We discuss the most important points of attention and answer frequently asked questions, so that you can receive the key to your new home carefree.
What is a key transfer?
The key transfer is the official moment when the purchase property changes hands. This usually takes place at the notary and marks the end of the buying process. During the key transfer, the deed of transfer is signed. Only after signing this deed are you officially the owner of the property.
The key transfer has not only a legal, but also a symbolic value. When the keys are handed over, the seller literally and figuratively transfers the house to you. From that moment on, you are responsible for all rights and obligations of the house. Make sure the key transfer goes smoothly so you can enjoy your new home carefree!
What to arrange for key transfer?
There are a number of things you need to take care of before the key transfer. After all, everything must be in order before you receive the keys. At least the following are taken care of:
- Financing: make sure financing is complete and the purchase price is paid in full.
- Documents: bring a valid ID and all necessary documents, such as the bill of sale, to the notary.
- Agreements: have you made arrangements with the seller about items left behind? Check that these are clearly recorded to avoid misunderstandings.
- Final inspection: inspect the property on the agreed date. Note the meter readings (gas, water and electricity) and check the condition of the house.
By preparing these steps properly, you will avoid surprises. Good preparation ensures a stress-free key transfer!
How does the key transfer take place?
Both the selling party and the buying party are present at the key transfer. The key transfer takes place at the notary's office. In normal course, you have just completed the final inspection.
At the notary, the deed of delivery and mortgage deed are signed. The notary checks that everything is correct and registers the transfer in the Land Registry.
Receiving the key: finally comes the best part of buying a house. The moment you receive the key to your new home and are officially the new owner!
How long does a key exchange take?
A key exchange usually takes between 1.5 and 2 hours (including final inspection). The final inspection takes about 30 to 45 minutes, depending on the size of the house and any points of interest. At the notary, the inspection and signing process takes an average of one hour. During this process, all documents are checked and ownership is officially transferred. Sometimes delays can occur, for example due to incomplete documents or outstanding debts.
Want to save time? Make sure all papers are in order and discuss in advance with the seller what exactly you will be inspecting. That way you avoid unnecessary waste of time and you can enjoy your new home faster!
What do you need to arrange after the key transfer purchase home?
After handing over the keys to your new home, make a few more arrangements to make your condo all yours.
- Utilities: put gas, water and electricity in your name.
- Change of address: notify your new address to the municipality, post office, banks and insurance companies.
- Insurance: take out buildings insurance and make sure your contents insurance is up to date.
- Lock replacement: replace locks for added security.
- Draw up contracts: record any agreements with the seller right away.
These steps will get your new home all ready for occupancy.
Practical tips for a smooth key transfer
Buying or selling a home often takes long enough. No one is waiting for mistakes or possible defects during the key exchange. Therefore, make sure you pay attention to the following things so that everything goes smoothly.
- Communicate clearly: make sure buyer, seller and notary are on the same page. Discuss time and location well in advance to avoid misunderstandings.
- Be critical during the final inspection: check each room carefully. Note discrepancies and record them immediately to avoid problems later.
- Bring an extra pair of eyes: at this important moment in your life, you don't want to overlook anything. Ask a realtor, friend or family member to watch with you so you don't overlook anything.
- Plan your time well: make sure your schedule allows for space so you can do the inspection and key transfer without rushing.
- Check keys and locks: immediately test that all doors and windows are working properly. Security always comes first!
These tips will ensure a stress-free key exchange!
