The journey to homeownership often involves navigating complex financing hurdles, with potential buyers facing challenges such as securing mortgages within stipulated timelines. A familiar scenario unfolds as potential homeowners in Prague select a flat, pay a deposit, and initiate the funding process, only to face obstacles in securing personal funds and familial support.

To address these challenges, Ownest, in collaboration with Bezrealitky.cz, offers a comprehensive solution. They provide a platform to calculate the affordability of a mortgage based on individuals’ income, offer advice on monthly repayments, and assist in selecting a property from public offerings that align with the proposed budget.

Martin Ponzer, director of Bezrealitky.cz, emphasizes the importance of reversing the traditional approach, stating, “Many people find a property, start negotiating with the owner, and then deal with the money. It’s wise to reverse this and first know what kind of mortgage the applicant can achieve.”

Vladimír Brůna, the head of B&K Real Estate Investments, cautions against mortgages becoming a source of significant hardship, emphasizing that they should never be “to the blood.”

The collaboration between Bezrealitky.cz and Ownest provides access to selling prices of flats in specific localities, offering transparency through data collected from the land registry. The price map on Sreality.cz and actual prices on Bezrealitky.cz by Ownest allow users to input income and expenses, revealing the range of mortgages they can apply for with various banks. The platform also displays available flats for sale, provides a comparison with actual prices, and offers a security rating based on factors such as crime statistics, noise levels, flood risks, transportation accessibility, and the catchment area of primary schools.

This consolidated information, previously scattered across the internet, is now conveniently accessible in one place. With Bezrealitky.cz and Ownest, potential homeowners can assess their mortgage repayment ability in just four minutes, gaining valuable insights into housing options that align with their financial possibilities.

Article by Prague Forum