Hello All:
My girlfriend and I have been renting the same flat for several years and would like to seriously look into purchasing something now that I have permanent residency.
The problem is that we don't really know where to begin in the whole process. My girlfriend is Czech, but she's never owned property before. I never owned property in my native Canada, so this would make a first time home buyer out of me also.
I've recieved a lot of conflicting information about what to do and what not to do. I've been told to avoid real estate agencies, as their commission fees are extortionate for Czechs and even more so for foreigners, and try to strike a deal direct with the property owner.
There is also the legal end of the matter. I have heard, though can find no document to back it up, that a Canadian needs to have an s.r.o. to legally have a mortgage in the Czech Republic. Does anyone know of a web site that concretely pins down what a foreigner has to do to legally get a mortgage here?
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