House purchase procedure and its financing
The procedure is always discussed with the client at the start of any purchase negotiations.
NO-OBLIGATION ORAL RESERVATION
The reservation is valid for a period of three days and is non-transferable.
Contains terms and conditions of the apartment reservation, incl. determination of the reservation fee amount.
AGREEMENT ON FUTURE CONTRACT
An agreement that already addresses payment conditions and its content is already very close to the very purchase contract. Both the future purchaser and the future seller agree in the Agreement on future contract on the conditions under which they will conclude the purchase contract. It integrally contains a method of financing the purchase of real estate as selected by the future purchaser.
A contract under which the object of purchase/sale is transferred from the seller to the purchaser. It precisely specifies the subject of the transfer and its final price.
|Reservation fee||CZK 200 000||payable upon signing the Reservation contract, it is a part of the purchase price|
|1st Deposit||20 % of the purchase price||payable upon signing the Agreement on future purchase contract|
|2nd Deposit||30 % of the purchase price||payable upon the family house rough construction without a garage - horizontal + vertical supporting structures (without windows)|
|3rd Deposit||30 % of the purchase price||payable upon the rough floors, sanitary technical installations piping, and windows construction|
|Balance due||20 % of the purchase price (inclusion of the reservation fee)||payable upon sending written notice for the conclusion of the Agreement on the unit ownership transfer|