Millions are at stake. An experienced professional will guide you safely through the purchase of a property

“Investing in property is a long-term, secure way of growing your money, offering strong returns and almost no risk. However, the purchase itself can conceal a number of potential risks. If you are considering buying a flat or house, it is always essential to consult an independent property expert who has no personal involvement in the transaction and can therefore provide the necessary perspective and impartiality. Such a person can identify all the weaknesses that may not be apparent at first glance, even during an in-person viewing. It is also necessary to thoroughly check not only the current owner, but the entire property from both a legal and technical perspective,” explains the owner and managing director of Bohemian Estates, a real estate company specialising in comprehensive property services, including finding suitable properties, professional assessments of their technical and legal condition, purchase and financing, and potential renovations.

A real estate agency, yes – but…

Selling a property requires considerable effort, administration and paperwork. It is therefore natural for people to turn to real estate agencies, which can make the process significantly easier. However, recent years have seen an increase in dubious property brokers who damage the real estate market. Even with large and reputable real estate agencies, there is no guarantee that their representatives will put your business interests first rather than their own, in the form of an attractive commission for brokering a quick transaction. Nevertheless, experts also do not recommend handling a property purchase independently and relying on your instincts as a layperson.

“A wrong decision can cost you hundreds of thousands of CZK. It only takes a moment. A qualified assessment of a listing requires knowledge of the current situation and a forecast of the property market’s immediate development, maximum flexibility in searching for property listings, a reliable grasp of legal matters and the ability to thoroughly assess a property’s technical condition, as well as professionally comparing the stated value with the actual price during a viewing. In practice, this is a great deal of responsibility for one person – in the vast majority of cases, a layperson who lacks the key skills, time and experience needed to make such fundamental decisions,” warns David Novotný of Bohemian Estates.

“An expert can find properties across the entire market, including off-market listings, whether you are looking for a home or an investment property. An experienced specialist accompanies the client to view the selected property. They check its technical condition, including the condition of the floors, masonry or utilities, for example, and send the client a full analysis once it has been prepared. This gives you confidence that, in such an important transaction, you are not buying an overpriced, poor-quality property,” adds Novotný.