If you want to sell your flat advantageously and before this year is out, I would not recommend you to hesitate too long. September and October have for a long time been the best months for real estate sales. Even during these months, however, it is difficult to sell a property without wide and targeted advertising. Therefore I would definitely recommend choosing one real estate agency that will undertake the provision of such advertising in an exclusive agency contract. A good real estate agency has to do a lot more for you. Evropa Real Estate Agency will secure for you e.g. professional digital photos, presentation of exclusive advertising on the Internet, in specialized colour magazines, and in daily newspaper; it will also provide for the elaboration of all necessary agreements, a notary, expert opinion and market estimate FREE OF COST through to handover of the flat, and inclusive of transfers of electricity, gas, telephone etc. In addition to this we give a 5% discount on the commission this year; authentication of signatures and financial security is provided FREE OF COST. For our clients we settle the most advantageous mortgages in the market. For clients who seek a new dwelling we will organize moving directly into a new flat we will obtain for them free of charge with pleasure. Thanks to branches throughout Bohemia we may offer our service virtually anywhere.  
I have inherited a family house and now I would like to sell it. Will I have to pay any taxes?

The straight answer is YES. At the present time we cannot be certain about banks, let alone joint-stock markets, and you will surely appreciate that real estate is one of the safest investments. I will simply persuade you about the benefits of such investment: If you complied with our advice five years ago and bought a flat e.g. 2 rooms + kitchenette for CZK 1.2mil and let it out for 12 thousand, today you own a flat worth CZK 2.5 mil plus 720 thousand have returned to you from renting. The current “decrease” of prices is only a slight balancing of the previous years when the prices were on an immoderately quick increase. This won''t change the fact that real estate still is the most profitable and safest investment.

The process of selling starts with personal viewing of the cottage; we will provide you with a free market estimate of the property on the spot, will acquire information about the property and take photos. If the price ascertained is of interest to you, we will agree on the method of selling. Subsequently we will start advertising the property and doing personal viewing with individual clients. As soon as some client shows an interest in the property, we will prepare the agreements and secure the transfer of money. You only need to see a notary to sign the required documents, and to let us know how you want to receive your money. The commission is only paid to the real estate agency in case of a successfully finalized sale. The commission includes all services related to the sale (adverts, contracts, the notary, etc.). In case the property is not sold you don''t have to be afraid of any expenses as this risk is borne by the real estate agency. If you are interested, you may have a non-binding and free visit of an agent who will give advice regarding the price and answer the questions you might have regarding the sale.

If it is a standard flat the size of which ranges from one room to 4 rooms + kitchen in a prefabricated block or brick house, the average selling time to reach an optimum price is one to two months, but maximum three months. In most cases, if there is no interest in the advert or if the interested parties often ask about a discount during personal viewing, on agreement with the seller the price is decreased after abt. one month; during this time the property is duly advertised in all media including colour catalogues and therefore the interest in it should be obvious. Of course the price is also lowered due to other factors (e.g. a construction in the vicinity of the property, busy roads, changes in the real estate market etc.). In case you want money quickly the price decrease tends to be important for a speedy securing of the money. If you are interested we may provide you with a market estimate of your property without engagements and FREE OF COST, so that you neither sell the flat “below the price” nor offer it for an unrealistic price.

Of course, this is not only possible but also advantageous as a real estate agency directly in the centre of Prague covers a greater number of potential clients because of its availability; thus it is possible to achieve a quicker sale or a higher price. Obviously because of the economic situation the purchasing power in Prague is the biggest. Certainly it is impossible to only chose from real estate agencies according to their locations but it is worthwhile to obtain information about the sale services the agency is capable of providing. Our agency for instance ensures a complete service from personal viewing, taking of digital photos and making them available on the Internet, all kinds of advertising (magazines, catalogues, newspaper, exhibitions), finding a buyer, consultancy, market estimate and expert opinion FREE OF COST, ensuring of the necessary contracts, a notary, a safe transfer of financial means, entry into cadastre... right to the physical handover of the real estate to the new owner.

You don''t need to be worried about his; this is not a scarce situation. It does happen that there are buildings on a plot of land that were not recorded by the cadastral office, or the cadastre reads the so-called “unresolved legal relation”.  However even such land may be sold although it is true that each thing plays its role in determining the market price of the land. If you contact our real estate agency, we are capable of ensuring the sale of such land, or we will try to resolve legal defects promptly so that the plot or house could be sold quickly and at a good price.

Yes, this happens quite often. If the flat is owned by a cooperative housing society, you have “rents” outstanding and no money to pay off the debt (for services, energies, administration etc.), I would recommend you to sell the flat quickly and not to wait for the moment you will be ejected, or the debt unexpectedly growing because of late payment fees. This situation may be resolved by a speedy “sale” or transfer of rights and obligations. In case you have nowhere to live it is possible to obtain a smaller flat or a flat in a cheaper locality for the money acquired by the sale. If you contact a real estate agency, this step should not be yet another problem for you but rather a solution of your situation. We are for instance capable of securing a very speedy sale of your flat despite the state you mention, or a direct buyout may be an option.

Find out from the cadastre who is the real proprietor of the land, and whether there are no easements or a security interest on it. It is also important to find out whether the land is not located in a protected landscape area. It is also worthwhile to check the mode of use of the land, e.g. whether it is not assigned to fulfil the functions of forest, where you may encounter a problem with the protection of the environment (free movement of animals, problems with construction of septic tank, power supply, and further upgrading of a building on the land). These and other issues related to the real estate purchase obviously cannot be ruled out; therefore I would recommend you to contact experts.

It does not always depend on the agreement between the seller and the buyer whether they decide to wait with payment of the price for the entry into cadastre. If you need the money quickly it is possible to contact a real estate agency that will either directly buy out the flat, in which case you will receive the money very quickly but the price will usually be much lower than the market price. If you are in a hurry but don''t want to sell the flat at just any price, it is better to contact a renowned real estate agency. They will normally find a buyer within one month from the assignment. Our solution is that we very quickly secure a buyer, who usually obtains a mortgage in case of personal ownership. This doesn''t matter as we are contract partners of all bigger banks, and we ensure not only the processing of the credit but also the payment of the purchase price is usually secured with signing of the contract of purchase and its submission to the cadastre. We will also secure the elaboration of all necessary agreements, the notary, expert opinion, transfers of electricity, gas etc. free of cost.

There are no official tables with market prices of flats and houses. The price of a flat or a house is determined by many factors (locality, type of building, surroundings, civic amenities, age of the property etc. – factors to influence the price are numerous indeed). However it is possible to have an estimate (expert opinion) elaborated by a court-appointed expert for CZK 3 to 6 ths. But even this amount is not decisive. In order not to sell under price or offer your property for an unrealistic price it is necessary to have mainly many years of experience with selling; therefore I would recommend a renowned real estate agency. In our EVROPA Real Estate Agency we will provide consultancy regarding the optimum form of sale of your property including personal viewing and determination of the real market price of a flat or house, without obligation and free of cost, and if you contact us regarding the sale of your flat or house in May/June, the elaboration of expert opinion will also be free of charge for you.

Yes, time-wise it may be somewhat disadvantageous, with regard to cadastral office where the entry takes a longer time. Therefore sellers rather seek for clients who possess cash money. However if you choose a real estate agency that has agreements on cooperation entered into with banks, and the agency ensures that the bank pays the money on the grounds of signing of a purchase agreement, this way of selling is more advantageous as it is possible to attain a higher purchase price as there is not a lot of sellers who are aware of this possibility, and therefore flats sold this way are scarce. Our agency, for instance, has signed contracts on cooperation with the biggest banking institutions (e.g. Česká spořitelna, Komerční banka, ČSOB), and this is also why we settle everything very quickly, both for the seller and the buyer. This obviously regards other real estate like houses, land etc. as well.

From the viewpoint of the best return a smaller flat in a brick house in the centre or the wider centre of Prague may be considered the best investment. A flat in personal ownership or with a bigger cooperative housing society is suitable for letting. Such flat can be easily let out, and there is also an assumption of a long-term improvement on the investment by as much as tens of percent. Obviously such a transaction may seem complicated to someone who doesn''t get around in the real property world, therefore I recommend you to contact professionals who will save your money, time, and nerves. Our agency for instance ensures a complete service with the sale of your existing flat (from personal viewing, taking of digital photos and making them available on the Internet, all kinds of advertising, finding a buyer, consultancy, market estimate and expert opinion FREE OF COST, ensuring of the necessary contracts, a notary … right to the entry into cadastre or transfer with the cooperative housing society) as well as finding of a new property and the related service including the subsequent letting.

First of all, this is not a sale but a transfer of membership rights and obligations in a cooperative housing society. Keeping the offer on files is mostly without charge. Our clients also get free consulting, market estimate, publicizing of ads, taking of digital photos and making them available on the Internet on our website as well as other most frequented realty servers, and an active search for a buyer. The commission for these services is always paid only after the successful finalization of the sale. If you are interested, you may have a free and non-binding visit by an agent who will give you advice regarding the price and answer your questions regarding the transfer.

Yes, I would also recommend selling an old prefabricated flat that can be sold for a very good price now but this can hardly be assumed for the future. From the viewpoint of the best return, for a subsequent purchase or investment I would consider a smaller flat in the wider centre of Prague. Such flat can be easily let out, and there is also an assumption of a long-term improvement on the investment by as much as tens of percent. Obviously such transaction may seem complicated to someone who doesn''t invest in real property every day, but if you contact a good real estate agency there will be no problem. We for instance ensure a complete service with the sale of the existing flat (i.e. ensuring of all necessary agreements by our own lawyer, a notary, elaboration of expert opinion and market estimate FREE OF COST, transfer at the cadastral office and housing cooperatives, transfer of energies etc.). Subsequently we will recommend and find a suitable new flat for you, with which we will also provide a complete service as far as ensuring a long-term letting to a solid interested party from a number of foreign companies. Quality real estate were, are, and will always be a good and advantageous investment. 

This is a situation we deal with very often, and so far always successfully and to client''s satisfaction. If you contact a well-established real estate agency they should arrange everything for you, starting with 1) looking up a new residence; 2) sale or repurchase of your existing flat for a market price; 3) securing of a preferential mortgage FREE OF COST for the possible supplementary payment; 4) and the most important thing is we will let you live in your existing flat and ensure moving directly into the new flat or house. Personally I think it is a very suitable time for such a transaction right now. Not only market prices of flats in prefabricated blocks have reached more or less their maximum level but there are enough family houses or new flats in the market now and the choice is wide. Also the mortgage credit for the supplementary payment can be secured at more than satisfactory financial conditions.