What is your operation area?
Unfortunately I have to disappoint everyone who request us for help with properties which are located further than 30 minutes drive from Prague unless individually agreed conditions which makes the case worth to consider longer driving to the property.

What are the Agency fees?

Residential rentals

Long term residential rentals
In case of mediation of lease Long term contract we are charging commission amounting of one month rent + 19 % VAT Valuable added tax (DPH) Meaning of Long term is time period of 1 year or more. The commission is usually due upon signing of the contract of lease.

Short time rentals
Most of the landlords are looking for long term tenants however some of them are willing to rent their properties for short term which is meaning anything between 3 months and 1 year. Rentals for short term are usually increased for 10 – 35 % depending on length of lease and other conditions. In case we are requested to find apartment or house for short time we charge commission equal to 1/2 month rent.

Very short time rentals
Very short time rentals means anything from 3 days to 3 month. Rental prices for very short rentals already include our agency fees which is paid by the landlord. The offer of such very short time rentals is quite limited in our database, but we however offer some properties for such very short time period.

What is your operation area?
Unfortunately I have to disappoint everyone who request us for help with properties which are located further than 30 minutes drive from Prague unless individually agreed conditions which makes the case worth to consider longer driving to the property.

What are the Agency fees?

Residential rentals

Long term residential rentals
In case of mediation of lease Long term contract we are charging commission amounting of one month rent + 19 % VAT Valuable added tax (DPH) Meaning of Long term is time period of 1 year or more. The commission is usually due upon signing of the contract of lease.

Short time rentals
Most of the landlords are looking for long term tenants however some of them are willing to rent their properties for short term which is meaning anything between 3 months and 1 year. Rentals for short term are usually increased for 10 – 35 % depending on length of lease and other conditions. In case we are requested to find apartment or house for short time we charge commission equal to 1/2 month rent.

Very short time rentals
Very short time rentals means anything from 3 days to 3 month. Rental prices for very short rentals already include our agency fees which is paid by the landlord. The offer of such very short time rentals is quite limited in our database, but we however offer some properties for such very short time period.

Commercial rentals
In case of commercial rentals (office, warehouse, retail, factories) we charge commission equal to one monthly rent usually paid by the landlord.

Sales
Sales commission we charge from the seller side varies from 6 % to 2,0 % + VAT (DPH) and are depending on value of the property.
Who pays for the sale and purchase of real estate real estate agency commission ATLAS reality?
As mentioned above, the standard commission the seller. Commission on the sale of real estate real estate agent is a reward for services provided by the seller. Services for the buyer - finding a suitable property, real estate tours to a candidate, drawing reservation and purchase agreement solicitor ATLAS reality, the legal custody of the funds to the buyer, mortgage service center, ensuring a proposal deposit in the real estate and supervision of payment of real estate transfer tax by seller - all at ATLAS reality for the buyer completely FREE.

Why offer a property through a real estate agency?
Real estate has a much larger real estate advertising opportunities. Leads mostly database also inquiring clients and thus increases the chance of finding any candidate. Real estate also has access to a special real estate websites, where the average citizen is not entitled to enter a custom quote.

It is better to offer property by one or more of Realtors?
It is always better to enter the sale or rental of your property, only one real estate office. In this case, the office has more advertising opportunities exclusively specified property and thus also quickly finds any candidate. Real estate agency also pays more attention to these contracts compared to other (non-exclusive specified). If you enter more property real estate agents, any candidate rather discouraging. And because the property finds in advertising times, with different descriptions and often with different prices. The more realtors real estate offers, the more likely that menu will look in the eyes of the candidate as apparently unsalable - precisely because her owner offers many real estate agents.

How exactly does the process of selling a property transfer to the new owner?
1) The seller and the real estate agency concluded an agreement on mediation.
2) It is found buyers for the property sold
3) The buyer has expressed its interest in the property by signing the reservation contract. The real estate office to lodge reservation deposit (financial escrow attorney realtor) - usually 3% of the total price of the property.
4) Both parties signed the reservation contract (for future contract) is a commitment that the parties sign the purchase agreement. The deadline by which the parties must sign the purchase contract is defined in the booking contract.
5) Before signing the purchase contract, at the same time or immediately after it is concluded deposit agreement or treaty that deals with the safekeeping of money. Specifies whether the funds will be kept:
•   The notary custody
•   In custody attorney
•   The escrow account
•   The non-bank custody
6) If there is any problem with the close of business of the seller, the buyer reservation deposit will be refunded in full. If the buyer fails to comply with terms of the offer to purchase, the reservation deposit is forfeited in favor of the realtor and seller. If a problem occurs with the close of business of the seller, even though they were real estate conditions of the agreement on mediation, real estate agent is entitled to commission for their services.
7) There is a signed purchase agreement
8) If the buyer finances the mortgage transaction and warrants being purchased or other real estate, first in the real estate pre-emption must insert a lien on the property in favor of the lending bank. (Only then what is stated in the cadastre of first refusal and a lien in favor of the lending bank are issued by the bank to the buyer funds)
9) On the basis of the purchase contract real estate agent shall submit to the Land Registry application for registration of the buyer as the new owner. Cadastre has to insert a new owner 60 days.
10) By the time the property cadastre transferred to a new owner, are unleashed funds (from notarial custody, attorney escrow, escrow nonbank deposit) in favor of the seller.
On this occasion, it is recommended to pay a mandatory property tax, which is 3% of the purchase price (or appraised value of the property, depending on which is higher).

Why advertise some flats, which were already composed a reservation deposit?
Indeed advertise some apartments on reserve than was composed, in the meantime, until it is to be transferred to the CN. It is a measure that is used to protect the property owner if the cadastre reject the transfer or candidate does not get a mortgage. Thus advertise apartments, but do not do tours - that we have a database of potential candidates given an apartment in case of failure to transfer. In the past it happened that the owner waited several months for the transfer, which however did not happen. We understand that it may be uncomfortable for some clients - that's why we have free line where clients can inquire about the current condition of the property. We also have in-service demand system that sends only the current real estate business, which is composed of the reservation.

Do you employ your lawyer or you contract fills assistant at the office?
Neither one nor the other. Our lawyer could be affected by our interests and assistant usually does not have a law degree or professional liability insurance. We chose the golden middle way. We work with external law firm, which has professional liability insurance and does not hold the interests of any party, but the business case as a whole.

I want to determine the best selling price. How should I proceed?
The correct selling price means the best possible real trading (market) price on the market at any given time. Determining the correct selling price is not a simple matter. Neither expert in certain circumstances may not correctly identify the market price. Houses are commodities for which the price can be determined on the basis that in the vicinity someone sold a similar property. Relatively well, it is possible to determine the selling price for flats in prefabricated houses in housing estates (where there are many other similar apartments sold or offered). The situation is much more complex, for example, at home, where each property is largely specific. Very, it depends on the experience of a broker or on its ability to raise quality data for assessment. Determination of the market price is the average price of real estate found on the internet! Also not true that real estate prices quoted online are market prices. Realistically realized prices is mostly more or less different from the prices bid. Property that had "administration" price, usually on the Internet has offered not because they were sold.

Can I sell the property, even if it is not paid on the mortgage and real estate collateral for banks so seriously? (We bought a property with a mortgage, this property is therefore affected by this mortgage collateral. Now we have financial difficulties and for this reason we are considering the sale. We sell property, when it is binding pledge in favor of the bank?)
Yes, it is today quite standard situation. Mortgage on property already more than 10 years captures most buyers. Property with a mortgage can be sold and converted into a mortgage BUYER (with the consent of the bank), or you can pay off the mortgage loan early. It is important to find out what options allows your mortgage contract.

• it is necessary to contact your bank and request the actual amount of liability outstanding loan (mortgage) to the intended date of sale and acceptance premature repayment of a mortgage loan.
• Opinion banks should include confirmation that after the payment obligation of the loan will be erased lien.
• CAUTION If no sale was made at the end of the agreed interest period (period of fixation mortgage), you will be in this case the bank is also likely to demand a penalty for early termination or repayment mortgage.

Who pays the tax on the acquisition of immovable property?
According to the current law, a taxpayer from the acquisition of immovable property by the transferor (seller), unless the parties agree otherwise. This means that unless otherwise specified in the contract, pays this tax is always selling. I remain, however, that the transferee (buyer) is the guarantor in this case tax payments. This situation usually contracted solved Institute escrow relevant part of the purchase price and the estimated tax payment of acquisition of property from custody.
The final tax on the acquisition of the property is 4% of the agreed price or higher prices charged directly determined by the competent financial authority in the amount of three-fourths prices locally normal prices, or an expert opinion.
Contrary with old law a new law severely limits the obligation to submit for determining the tax base valuations. Expert opinion is not required, for example in the transfer of residential real estate, recreation, garages, etc., While real estate transactions that are part of the business assets of the duty to preserve evidence of an expert. The tax is payable within the deadline for filing tax returns, ie. Until the end of the third month following the month in which it was written transfer of ownership in the Land Register.

What are most popular and requested areas for foreigners to live?
In most cases our clients are families with children. Most of parents are looking for housing close to the schools or in areas where is good public transport connection to the school. Majority of schools for foreigners and expatriates are on Prague 6, 4 and 5.

Can foreigner or a legal entity acquire property?
Yes, it can. According to the internationally valid contracts, foreigners can acquire residential property without restrictions. Legal entities may acquire real estate in the Czech Republic in the case that you a seat within Czech republic.

What is the "Community of unit owners' (Spolecenstvi vlastniku jednotek) and how is established?
Unit owners is a special type of legal entity that exists in the case that the property is at least five apartment units of at least three different owners. Has to be foud when is in a building with at least five units listed the third owner different from previous.

What to do if I have electronic device from USA which works on 120 Volts power supply?
If you need electronic devices from USA works in Czech Republic you can buy power changer, AC - AC Converter or transformers at Manak elektro Louka shop tel. 518 329 058, cell phone 605 944 445, ZIP 696 76, Louka nad Veličkou, Louka No. 31, working hours Mon-Fri 8.00-17.30, Sat: 8.00-11.00