Seller's Handbook
Step-by-step guide to selling a property
1) Contact us
Let us know your interest in selling any property and set goals for us to achieve.
OUR TIP: You can call, write or preferably come to our office in person.
2) Determining the scope of cooperation
Each client has different wishes and ideas about the scope of cooperation. We offer a wide range of services from simple consulting, to advertising sales including advertising abroad, to finding a suitable client and arranging the entire deal including providing contractual documentation. Let's discuss what specific things we can do for you.
OUR TIP: We do not resist any form of cooperation, we never insist on exclusivity.
3) Property Selection
A property survey is a very important first step. It is necessary to take from the owner the maximum amount of legal, economic and technical information about the subject of the sale. Likewise, professional photo and video documentation of the property needs to be provided. Simply ensure complete preparation of all documents for advertising the property.
OUR TIP: We always recommend that clients prepare a working version of the property description in their own words, as they know their property best.
4) Advertising
Here the ball is in our court - we start advertising according to the agreed scope. Websites, social networks, specialized platforms, and most importantly our own client database - all of this is available to you from us.
OUR TIP: It is always advisable to place a banner on the property you wish to advertise, especially in a window, on a fence, etc.
5) Viewings
Conducting viewings of an advertised property is one of the most important stages of selling it. This is where we work differently to most of our colleagues, as our aim is always to do everything we can to ensure that the prospective buyer sees the property in person. We don't sell pictures on the internet, but we do appeal to the prospective buyer's personal acquaintance with the advertised property.
OUR TIP: We are young and action packed, so we do viewings on weekends and public holidays - be prepared for that.
6) Booking
After the viewings come the negotiations with the specific prospective buyer. We move to the stage of concluding the booking contract. The contract is either tripartite (you, us and the prospective buyer) or the booking contract is concluded with the prospective buyer on your behalf by us alone.
OUR TIP: The booking fee is usually paid on our account, as in case you change your mind about the sale - we will have to refund the booking fee.
7) Preparation of the purchase contract
Once the booking contract is signed and the booking fee is paid, we move on to the drafting stage of the purchase contract. The contractual documentation is prepared for us by experienced attorneys. Our attorneys are always fully available to assist you in any contractual adjustments.
OUR TIP: For our clients from abroad we prepare contract documentation in several languages, don't worry about it - if you were buying a property abroad, you would also welcome signing the purchase contract in Czech, wouldn't you?
7) Payment of the purchase price
As a standard, we offer buyers the option of paying the purchase price to your account - this is always the No.1 choice. This is a completely standard procedure that brings security to both parties. The money is deposited in a bank account (attorney or notary) and is released to your bank account after the buyer becomes the owner of the property being sold.
OUR TIP: The bank's fee for escrow services is usually paid by the buyer.
7) Transfer of title
We usually file the application for entry into the Land Registry, and we always do so after the purchase contract has been signed, the application for entry and the full purchase price has been paid and a receipt for payment has been issued by you or the custodian. The transfer of ownership usually takes 30-35 days (20 days protection period, the so-called seal + 10-14 days for processing depending on the workload of the staff of the relevant cadastral office).
OUR TIP: Always check carefully the personal data on the proposal and in the individual contracts and the delivery address, correspondence with the relevant cadastral office is usually done via the Czech Post.
8) Handover or acceptance of the property
The handover or acceptance of the property usually takes place within a certain period of time after the registration of the ownership right in the land register in favour of the buyer. During this process, a protocol is drawn up in which, in particular, the status of the water, electricity, gas and heat meters is indicated.
OUR TIP: The handover protocol is an important document for billing within the JVU, if you are selling a residential or non-residential unit, carefully check the individual meter numbers and their statuses.
9) Rewrite contracts - HOA, electricity, gas etc.
Have you handed over the flat? Now you just have to go through the round of utility and service suppliers and you're done. Don't forget to approach the management of the HOA to change the registration of residents in the building. If you are selling a residential or commercial unit.
OUR TIP: Don't have time to sort out or rewrite individual utility deliveries? No problem, reach out to our staff and we'll be happy to help you.
10) Celebration
You're done, it's time to celebrate!
OUR TIP: Don't know where to celebrate the purchase of your home? Choose one of the restaurants in Mariánské Lázně.