House purchase procedure and its financing

The procedure is always discussed with the client at the start of any purchase negotiations.

1

NO-OBLIGATION ORAL RESERVATION

The reservation is valid for a period of three days and is non-transferable.

2

RESERVATION CONTRACT

Contains terms and conditions of the apartment reservation, incl. determination of the reservation fee amount.

3

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.

4

PURCHASE CONTRACT

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.

Payment schedule

 AmountDue date
Reservation feeCZK 200 000payable upon signing the Reservation contract, it is a part of the purchase price
1st Deposit20 % of the purchase pricepayable upon signing the Agreement on future purchase contract
2nd Deposit30 % of the purchase pricepayable upon the family house rough construction without a garage - horizontal + vertical supporting structures (without windows)
3rd Deposit30 % of the purchase pricepayable upon the rough floors, sanitary technical installations piping, and windows construction
Balance due20 % 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

 

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