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Risks when purchasing a property

Risks when purchasing a property

Purchasing a property, whether as an investment or for personal use, is a complex process that can be full of pitfalls for an inexperienced buyer. Good preparation can minimise the risks and increase the chances of a successful purchase. However, if you want complete certainty that you are making the right investment, there is nothing better than turning to professionals.

Property as a safe investment

Purchasing a property is one of the safest investments. Unlike money held in a bank account, which is subject to inflation and loses value, property gains value over time. In addition, a flat or house has practical utility – simply put, while the money invested in the property appreciates over time, you can also use it as your own home or let it to others. Above all, properties provide housing, for which demand is very stable in the long term. Nor is it difficult to sell a property whenever necessary and obtain cash.

Where to find attractive investment properties

The question remains: how do you find an attractive investment opportunity? One way is to spend hours and days monitoring property listing portals and hoping to come across an interesting offer at the right time. However, this method requires not only luck, but also sound technical and legal knowledge and experience in commercial negotiations. Otherwise, you risk investing your money on unfavourable terms.

The early bird catches the worm

Good properties are in high demand, so whoever gets to a property first has the advantage. Our BES system guarantees a time advantage: 24 hours a day, it searches all property listings on the Czech internet, from real estate agencies and developers to owners, auctions and off-market offers, matching listings to your specified requirements. This gives prospective buyers exclusive access to so-called off-market properties.

Do not underestimate the risks of purchasing a property

When purchasing a property, you may face various risks that can cost you a great deal of time and stress and, in the worst case, financial loss.

How can you minimise them?

  • Do not give in to pressure from sellers.

  • Keep a cool head and approach the purchase rationally.

  • Thoroughly check every property you are considering to avoid buying an encumbered asset, for example one subject to enforcement proceedings, unresolved easements or unclear ownership.

  • Check the condition of the building and find out whether costly repairs are needed, as these could significantly increase the property's overall costs.

  • Engage a qualified specialist, such as a structural engineer or architect, to inspect the property's technical condition and help you avoid any hidden defects.

  • Allow enough time for an in-person viewing of the property.

  • Do not forget to ask questions; feel free to write them down in advance so that you do not forget anything.

  • Give yourself time to consider the purchase and room to negotiate the price.

Professional guidance when purchasing a property

Buying a property is an important life step, but it does not have to be lengthy, demanding or complicated if you have someone experienced in this field by your side. We offer a comprehensive service that ensures a favourable property purchase from start to finish, saving you time, energy and money. We will find suitable properties based on your requirements, carry out legal and technical due diligence, and guide you through the entire purchasing process. To negotiate the price successfully, we use hard data from audits, Land Registry (katastr nemovitostí) price maps – as well as sixteen years of our experience. This gives you the confidence that you will receive a property of corresponding value for your money.