The purchase of a new apartment

The purchase of a new apartment

For many of us, the decision to buy a new home can be a difficult and complicated moment. In the following seven points, we will show you that buying a new apartment can be a simple and pleasant experience. Step by step, we will comprehensibly guide you through the entire process of buying a property from YIT. If you have any questions, please contact us - we will be happy to help you! 

SELECTION OF PROPERTY

On our site, we have a wide range of YIT projects with individual apartments available. You can use a number of filters in your search. We recommend clarifying the locality in which you would like to live, and the price and size of the apartment. Pay attention not only to the number of rooms, but also to the fittings and added value, such as a terrace, garage, cellar stall and other advantages of a particular project. 

You should also be interested in the energy performance of the property and the costs of operation. The PENB B energy class is standard for YIT’s apartments, so they are low-energy. More and more often in projects, you can also encounter other sustainable elements to save expenses on energy, such as photovoltaic panels, recuperation, triple-glazed windows, LED lighting and measures for the use of rainwater. 

SENDING AN INQUIRY

Once you have selected your property, you can send a non-binding inquiry through the online form on our website. You can find the forms at the bottom of each project and on the page with the search for all apartments. If you are interested in multiple apartments, just fill in one form and enter the names of the selected apartments in the "comment" box. You can also make an inquiry by phone via the hotline at +420 800 200 666. 

Once we have received your inquiry, we will add you to the database. In the next few days, you will be contacted by a YIT sales representative, with whom you will agree on the next steps. 

RESERVATION OF PROPERTY

At the meeting, the salesperson will present our offer of projects, listen to your wishes and advise you on the choice of a suitable property. If you choose a specific apartment according to your wishes together, you can reserve it for three to five days. The reservation is oral and non-binding and can be cancelled without providing any reason. 

FINANCING

During the period when you have a property reserved, you need to clarify the financing possibilities. You can pay for the property either entirely from your own funds or pay only 10% of the purchase price of the property from your own funds and pay the rest through a mortgage loan. If necessary, we can help our clients and agree on an individual payment plan. 

If you decide to finance your purchase with a mortgage, you can use the services of our financial advisors as part of the Hypo.YIT service. You will discuss your options at a meeting with a mortgage advisor, who will subsequently prepare a customised mortgage loan and estimates for you. We will take care of all administrative matters and the mortgage advisor will be available to you the whole time, from the signing of the Preliminary Purchase Contract to the arrangement and use of the mortgage. 

PRELIMINARY PURCHASE CONTRACT

If you decide to purchase a selected property while it is still under construction, we will first conclude a Preliminary Purchase Contract (PPC). You will discuss all the points of the contract with the salesperson, both parties will clarify all the information that the future contract will contain. You will have all your questions answered and then you will sign the contract together. The signing of PPC usually involves the payment of the first part of the purchase price of the property according to your payment plan. We then withdraw the selected property from the public offer. 

With the signing of the Preliminary Purchase Contract, you will automatically receive access to the YIT Plus client portal. All important documents and other information will be safely stored here. 

CHANGING HOW THE APARTMENT LOOKS

The process for client changes allows you to customise the new property to your needs and wishes. Depending on the project, you can choose from a variety of décor options in different colours of tiles, floor coverings, interior doors and other fittings in your future property. Standard fittings are included in the price of the property, but you can also choose from an offer of extra fittings at a predetermined price. 

Our experienced colleagues from the Client Change Department will guide you through this process and if you are interested, they can advise you on the selection and placement if you are interested. You can also use the online Configurator tool. However, client changes can only be implemented at a certain stage of the project construction. These deadlines will be sent to you at the start of the client change process simultaneously with a notice. 

CONSTRUCTION AND SIGNING OF THE PURCHASE CONTRACT

During the course of the construction, we will inform you about the completion of the individual phases. An important milestone is the rough construction of the building the completion of the building construction, which are connected with the payment of another part of the purchase price of the property according to your payment plan. 

The final milestone is the final building approval, which is related to the final payment of the purchase price of the property. After the completion of the construction, we will contact you and arrange for the technical pre-acceptance, where you will be able to check the state of the property and the client changes that were made. A number of administrative activities are ongoing on our part, in particular the deposit of the final declaration of the owner of the property to the cadastral office, the acquisition of a descriptive number for the building and, for example, the conclusion of contracts with suppliers. 

After fulfilling all the conditions arising from PPC, we will sign the Purchase Contract. The Purchase Contract is concluded and signed by correspondence. We will submit the signed Purchase Contract to the Land Registry to make a deposit of your ownership right (transfer of ownership of the property). We will take care of the registration process in the cadastre and you can just look forward to your new home.  

HANDING OVER THE APARTMENT AND MOVING IN 

Our complaint technicians will agree with you on the date of the handover of the apartment after the purchase contract has been entered into the Land Registry. When handing over the apartment, you once again check whether everything looks and works as it should. Any deficiencies will be registered in the handover protocol and the agreed deadline for the removal of defects will be agreed. You will receive the keys and your Purchase Contract at the meeting. 

But the handover of the apartment is not the end of our services. We will help you move, for which you will receive a voucher for moving within Prague and the surrounding area. Through the YIT PLUS portal, you will be able to reach out to our Customer Care department and resolve any questions and comments you may have with them.  

If you have any questions, we are at your disposal at +420 800 200 666 and at the e-mail address domov@yit.cz. 

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