Bid without a financing contingency
With the Bid Insurance from Libero Aankoop
Buying a house in an overheated market? The Bid Insurance is the strategic move you need to make right now. While other buyers hesitate because of financial risk, you bid with complete confidence. The secret to a winning bid isn't just the price, it's removing uncertainty for the seller. With Libero Aankoop you bid without contingencies, while staying fully protected against financial risk.
What is the Bid Insurance and why do you need it?
The Bid Insurance is a unique guarantee that lets you place a bid without a financing contingency, without taking on any financial risk yourself.
In today's market, sellers almost always prefer a buyer who offers certainty right away. Normally, bidding without a contingency is extremely risky. If your mortgage falls through, you pay a penalty of 10% of the purchase price. The Bid Insurance solves this for you:
- The coverage: we guarantee payment of the penalty if your mortgage is unexpectedly rejected.
- Your advantage: you get the negotiating power of a cash buyer, while keeping the safety of a fully insured bid.
This significantly increases your chances of landing your dream home, without putting your own financial future on the line.
4x more chance of an accepted bid
When buying a house, you don't want to keep losing the race. In practice, a bid without a contingency increases your chances of acceptance by up to 4x. The Bid Insurance makes this achievable for everyone:
- Maximum certainty for the seller: your bid becomes final right after the statutory reflection period. This makes you the most attractive candidate, even if you don't offer the highest price.
- No financial risk for you: the 10% penalty deposit is covered. If financing unexpectedly falls through, you're financially protected against these costs.
- The perfect combination: use the insurance as the ultimate trump card in combination with our Dual Bid for an unbeatable bidding strategy.
Bid without a financing contingency and win the seller's trust
Sellers love certainty. A bid without a financing contingency shows that you're serious and that the deal no longer depends on the bank. In a tight housing market, that significantly boosts your chances.
- Your bid becomes just as strong, in terms of certainty, as that of buyers without a mortgage
- You compete on equal footing, even if you still need financing
- The risk of the contractual penalty is covered under the applicable conditions
How does the Bid Insurance work?
First, Libero Financieel carries out a thorough financial analysis.
Next, Libero Aankoop helps you determine the smartest bidding strategy.
You place an attractive bid with the seller.
If, despite the check, financing still doesn't come through within the terms of the insurance, you're protected against the contractual penalty.
When is a Bid Insurance worthwhile?
A Bid Insurance is especially worthwhile if:
- you want to bid without a financing contingency
- you're in a competitive housing market
- you want to boost your chances
- you want to limit your financial risk
Not every situation is suitable. That's why we always assess first whether it's responsible.
Want to bid with the power of certainty? Stop hoping and start winning. With the Bid Insurance, you're first in line for your dream home.
Frequently asked questions about the Bid Insurance
Before we use the Bid Insurance, Libero Financieel first carries out a thorough financial check. This lets us carefully map out your financial options and risks. Because we rely on our data, expertise and your financial position, we're able to offer this certainty.
If, despite a positive financial check, the bank still rejects your mortgage (within the agreed terms), the insurance covers the contractual penalty you owe the seller.
No, it's an optional tool. However, in today's market we see that buyers with a Bid Insurance simply succeed much faster than buyers who bid with a contingency.
Yes. Libero Aankoop handles the bidding strategy and the bid itself. Libero Financieel handles the financial check, mortgage advice and the Bid Insurance. This partnership lets us move fast and keep everything well aligned.
No. A financing contingency gives you the right to walk away from the purchase free of charge if your mortgage is rejected. With a Bid Insurance you actually give up that contingency: you bid without one, while the risk of the contractual penalty is covered under the applicable conditions.
If your mortgage is definitively rejected through no fault of your own, and you meet the policy conditions, the insurer pays the contractual penalty to the seller. You pay the premium for the Bid Insurance yourself.
Yes, with some providers you can place two bids on the same property at the same time using a Bid Insurance, such as with a Dual Bid. Ask your advisor whether this is possible in your situation.
Yes. With a Bid Insurance, you can bid without a financing contingency even as a buyer who needs a mortgage. An advisor first assesses your financial situation, and if the outcome is suitable, you can use the Bid Insurance.
No. You first need a financial assessment. Only with a suitable outcome do you receive a bidding certificate that lets you bid without a contingency.
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