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How to pick a company/legal team to represent me in a Czech Republic real estate purchase?

This is the critical question every investor needs to ask themselves. Forego this step and you set yourself up for a lot of stress and very probably, lost capital.

Here are the critical factors we would emphatically insist on in a company representing our capital:

1. Experience on the local market of at least 5 years and a proven track record of successful investments for clients.

In Czech Republic, established relationships with trustworthy partners cannot be overemphasized. These things can only be developed with time.

2. Without vested interest in the properties they are recommending to you.

A totally impartial advisor is the absolute best idea. You can be sure you are not getting ‘pushed’ a certain property because it benefits them but not you.

3. They acknowledge potential risks, inform you of them and then present their strategy for minimizing these risks.

Czech Republic is no place to have a ‘head in the sand’ approach to investment and you should be wary of any company who says there is nothing to be worried of.

 

Nathan Brown www.czechpoint101.com

POSTED BY NATHAN BROWN ON FRI 23RD JULY AT 15:38 GMT
TAGS: Czech Property


Nathan Brown

Nathan Brown

Czech Property Expert

Nathan has been providing honest, reliable assistance to foreign investors in the Czech Republic since 2003 and is owner and Managing Director of the popular Property Management & Real Estate service CzechPoint101.

With branches in Prague, Brno, Ostrava and most recently in Pardubice, Nathan’s ever growing team offer a complete service with knowledge of the local market inside & out.


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