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The buyer pays a reservation deposit upon signing the contract. This fee may be forfeited if the final purchase contract is not signed within the agreed timeframe. Therefore, you should only sign the reservation agreement once you are fully committed to the purchase and have confirmed your ability to fund it.Since securing financing can be a challenge, Maxima offers a unique guarantee: if you use our financial services and your mortgage application is declined, we will refund your reservation fee in full.

Standard real estate purchase contracts typically include penalty clauses to protect both parties. These most commonly apply to delays in the process, such as a late payment of the purchase price or a delay in the physical handover of the property. Usually, a daily penalty accrues for every day the deadline is missed. Penalties may also be triggered if specific legal declarations in the contract prove to be false or incomplete (for example, if undisclosed legal encumbrances are discovered).

For the security of both parties, the buyer never sends the purchase price directly to the seller's account. After the purchase contract is signed, the funds are placed in a secure escrow account, where they remain until the ownership transfer is officially recorded in the Land Registry. Only then are the funds released to the seller. Escrow services are typically provided by a notary, an attorney, or a bank—which is standard practice if the buyer is using a mortgage. While real estate agencies cannot actively offer escrow services under the Real Estate Act, they can facilitate it under strict security conditions upon the client's written request.

Ownership is only legally transferred once the new owner is registered in the Land Registry, not merely by signing the purchase contract. Therefore, it is essential to submit a formal application for registration. The Land Registry charges a 2,000 CZK administrative fee for each filing. Because even a minor error in the application—such as a typo in the property description or purchase price—can lead to the filing being rejected, we strongly recommend having a lawyer prepare the application alongside the purchase contract. At Maxima, our legal team handles this entire process for sellers free of charge, as our commission is covered by the buyer.

When applying for a mortgage, it is highly beneficial to work with a dedicated mortgage advisor. Given the vast range of banks and financial products currently on the market, navigating these options independently can be overwhelming. Our consultants offer these services completely free of charge. They will help you select a tailored loan with the lowest possible interest rates, favorable monthly payments, and the best overall terms. Additionally, they manage all administrative tasks to ensure the bank approves your mortgage on schedule. We recommend consulting a financial specialist before signing a reservation agreement.

Selling a flat or family home with an active mortgage is a standard process if you have an experienced financial advisor and real estate specialist. Your existing mortgage will be settled using the purchase price paid by the buyer. If the buyer is also taking out a loan, those funds are used directly to pay off your mortgage. The remaining balance of the purchase price is then moved into escrow and released to the seller's account. While banks may charge a fee for early repayment upon sale, this is legally capped at 1% of the prepaid amount, up to a maximum of 50,000 CZK.

The sale of real estate is subject to income tax at a rate of 15% on the profit—the difference between the original purchase price and the final sale price. However, in many cases, you may be exempt from this tax. You are exempt if you satisfy the holding period requirement: owning the property for at least 10 years, or 5 years for properties purchased before 2020. Furthermore, you are exempt if you have resided in the property for at least 2 years prior to the sale, or if you reinvest the proceeds from the sale into your next primary residence.

Buyers currently have no acquisition tax liability, as the previous 4% tax was abolished in September 2020. However, once you become the legal owner, you are responsible for the annual property tax. You must file your first tax return by January 31 of the year following your purchase with the tax office in the district where the property is located. The tax is then paid annually by the end of May; you will receive a notification from the tax office with the exact amount due.