Sell your property without delays and for the maximum price. The ideal time is now
Do you own a property you are planning to sell? According to current statistics, there is no better time to sell than now. Property prices continue to rise, even though peak demand has subsided and the era of the cheapest mortgages is long behind us. Entrust your property to a real estate professional who can arrange its sale at a price even higher than its market value. Transactions recorded in the Land Registry (katastr nemovitostí) show that, on average, we can sell properties for 11 % more than the current price maps indicate, says David Novotný of Bohemian Estates International.
According to Eurostat data published this October, house and flat prices in the Czech Republic rose by 8.7 % in the second quarter of 2019 compared with the same period last year. Property price growth in the country is the sixth highest in the entire European Union. Deloitte's Real Index study shows that the average sale price of flats in Prague and regional cities rose to 60,700 Czech crowns per square metre during the second quarter of 2019. This represents an increase of 10.8 % compared with the same period in the previous year. Prague accounts for the largest share of the total number of flats sold, at three fifths.
Sell only with professional support
Anyone wishing to sell a property above market value with maximum convenience should not attempt to sell it themselves. An independent property professional has an unrivalled advantage over a layperson in terms of knowledge and experience of the property market.
“The independent real estate company Bohemian Estates has been operating on the market for more than ten years and has a team of experienced professionals at its disposal. We have the specialist know-how to sell a property for the highest possible price, in a short time and with minimal tax liability. We know the pitfalls of selling inside out and understand what to avoid. Our legal department will ensure watertight contracts. If demand exceeds supply, we increase the sale price through an auction among interested parties. Professional, eye-catching presentation is also a matter of course. We do not limit ourselves to standard advertising, but actively offer the property to promising prospective buyers. Thanks to the broad portfolio we manage, hundreds of domestic and foreign investors will learn about the property,” says David Novotný.
How does it work?
Experts from the real estate company will inspect and value the property. An integral part of the process is arranging professional photographs and presentation, including so-called home staging. In addition to property advertising on the Czech and international markets, they will directly approach selected target groups of prospective buyers, fully arrange viewings and conduct all negotiations with buyers. The legal department will provide qualified legal services and draw up all contractual documentation. This service is particularly beneficial if you are busy – on the basis of a power of attorney, the real estate company can handle all matters connected with the sale on your behalf, right up to handing the property over to its new owner.