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How to buy property in Bulgaria


·  › How to buy property in Bulgaria
The Process of buying property in Bulgaria is quite simple.
It consists of 3 steps.
1. We find the property items for you to meet your criteria and your wishes. It does not mean that we show each property item that we like, but we present you those ones that might interest exactly you. During the property views, our specialists provide you with the consulting information about the objects, areas, features of culture, as well as the legal intricacies.
We recommend you to come to Bulgaria, and to make real estates' viewings with one of our agents.
As a result, you may see all of the offers according to your wishes, to get acquanted with the country and peculiarities of different regions, to feel mood and get confidence in making a decision.
2.When the item is chosen, the selected property is checked for its clean title (presence of mortgage, loans etc.) and for the presence of the necessary documents for the transaction of property rights.
After the inspection is made, you conclude a preliminary sales contract with a seller and pay the advance (2000 euro), or the first donation (30-40-50% of the full cost), or full cost.
The way of payment is at your choice.
The advance ( 2000 euro ) is a reason for removing the object from a sale list.
The details of payments, amounts and periods, as well as legal obligations of the parties are indicated in the agreement on the grounds of your plans and the plans of the building company.
For off-plan property interest-free payment in installments are offered.
Under full payment on a stage of construction are provided discounts.
For registration the property, buying as a foreign physical person you will need to give your international passport. If buying as a foreign juridical person ( company ) - a constituent documents on the company.
3. On the third stage the property is registered under the ownership at the notary in Bulgaria. Before the registration, our lawyer checks the documents for the transaction again, again taken an extract from the register of the "purity" of the object.

Before the transactions the following documents are introduced to a notary (by our agent): the extact from a register about 'purity' of the real estate and a public assesment value, estimated by regional tax service.
After signing the prelimenary sales contract by a buyer and a seller, and after their signs are legalised, the notary presents the notarial act in the district court.
The Judge contributes the change of circumstances on the property to the state register of the real estate and does a mark in the notarial act.

In the course of legalization the following taxes and dues are paid:
local tax in budget - 2% from cost;
the notarial dues (accounted according to the cost of the object);
the collection for contributing record in register.

The sale price of the object, referenced in the notarial act, can not be below the public assessment value of the object.
On the basis of the sale price, notarial rates are defined.

All together they are about 3-4% from the cost, specified in contract.



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