Buying BG Property 4 Easy Steps incl. Tips and Hints


1. Make a choice. 4-5 viewings is o.k., more will confuse уоu. If уоu are buying an apartment viewings will take 4-5 hours. For a plot or a house it maу take 1-2 days. Tell the agent уоur wishes and budget and help him select what is best for уоu. 1 hour talking with the agent can save you 1 day of driving.

2. Put a reservation money to take the desired property OFF market (usually 1 500 - 2 000 EUR reserves уоu 1-2 weeks). This will give уоu time to put the money together if you are not ready.

3. Read and sign the preliminary contract. It usually says that the contract is effective only if aninitial paydown is made, so there is no risk in signing it on this stage.

4. Open a local bank account and give a power to someone to operate it (your agent, developer or lawyer). It costs nothing, takes 30 minutes and will be essential after the down payment. This is a cash country and paying cash from your account will save your money (mostly VaT). The power of attorney has to be signed in Bulgaria.

5. Open up the sparkling wine.

Extra tip: If you want a lawyer's help never agree on per hour charge. ask for a fixed price as usually contracts are very simple - you are not buying The Tower Bridge after all.




News

IMPORTANT -for our clients

Dear clients,

We are glad to inform you that Black Sea

Bulgaria's Borovets Resort - Sky High Skiing and Prices to Match

The winter resort of Borovets, one of Bulgaria's main ski destinations

Foreign Tourist Arrivals in Bulgaria Up 30% y/y

The number of foreign tourists, who visited Bulgaria in 2007, is expec