Real Estate Consultation

I would like to sell my apartment quickly and profitably. I do not know if I should contact more real estate agencies or sign an exclusive broker agreement. What are the advantages of exclusive broker agreements?

Is it profitable to purchase property as an investment?

There is a simple answer, which is an unambiguous YES. Nowadays, we can’t be sure about the banks or stock market, but I think you will agree that real estate is one of the safest investments. Let me illustrate what I mean. If you took our advice five years ago, and bought a one-bedroom apartment for CZK 1.2 million, and leased it with a monthly rent of CZK 12,000, you would currently own an apartment worth CZK 2.5 million plus CZK 720,000 which returned as rent. The current “decrease” in property prices is only a slight equalization from last year’s market, when prices grew too quickly. However, it is still true that real estate is the most profitable and most secure form of investment.

I have a cottage in Central Bohemia, and since I cannot maintain it any longer, I am considering selling it. I would like to know more details about the sale process and whether I have to pay something to the real estate agency even if the property is not eventually sold.

The transaction begins when one of our brokers visits the house so that we can assess the market value of the property, obtain information about the house and take photographs. If you find the price attractive, we will discuss the method of sale. After that, we advertise the property and bring potential buyers to visit the property. As soon as one of them becomes seriously interested in the property, we draw up the contract and insure the transfer of funds. All you have to do is to visit a notary to sign the documents, and notify us about the method you wish to use for payment of funds to you. The commission for our real estate agency is paid only if the sale is successfully completed. The commission covers all the services provided by our agency (advertisements, contracts, notary services, etc.). If the property is not sold, you pay nothing. The risk is borne by the agency. If our services appeal to you, our broker can come to see your property and help you determine the price. They will also answer any other questions you might have regarding the sale. All without any obligation on your part.

I have been trying to sell my apartment for 3 months without success. How long should I continue to offer the apartment before decreasing the price? On average, how long does it take to sell an apartment?

If it is a standard sized apartment, a studio to three-bedroom apartment in a prefabricated or brick block apartment building, it typically takes one or two months (maximum of three months) to sell the apartment for an optimum price. If no potential buyers react to advertisements after one month, or if they often ask for a price reduction when they visit the property, we discuss with the owner about a price decrease. We then relist the property in the media, including color catalogues, and then gauge the interest from potential buyers. The price might also be decreased due to other factors (if there is a construction site in the vicinity, if there is heavy traffic and noise, changes in the property market, etc.). If you want to get your money quickly, reduction of the selling price can help you get cash in hand within a shorter time period. We can also offer to determine the market value of your property FREE OF CHARGE, and with no obligation on your part, so you can decide on an advantageous selling price for potential buyers. We will make sure that you do not undersell your property.