Buying Procedure

The procedure for buying a property in Bulgaria can be divided into several steps:
1. Find the proper real estate in Bulgaria – see detailed information with the various offers for properties in Bulgaria and find the most suitable option. Choose best one for you and we will arrange the process of buying your property in Bulgaria.
2. Stage of booking (reservation) property in Bulgaria – The chosen property is taken out of the market for a period of 20-30 days, when paying the deposit (to reserve the property) at the rate of 1 000 – 2 000 Euro. During this period, the property will be marked as and the seller agrees not to offer this property to third parties. If you are not in Bulgaria and already have chosen your apartment, you can book it distantly.
3. The Preliminary Sales Contract – After paying the deposit a preliminary contract is signed within 30 days, ( this agreement doesn’t need to be certified by a notary public). The preliminary agreement contains all details of the deal: the price, description of the property, administrative address of the property, for off-plan properties – the term for finishing the property, square meters of the apartment; seller information and documents of the property, conditions and terms of payment, method of payments by installments, the term of putting the building into exploitation (license for exploitation – Act 16); terms of drawing up the notary deed, the term for finished property (“fully furnished property” or BDS – Bulgarian State Standard), is there a management company to promote and rent your property and how much it will cost.
4. Notary Deed – the official document of the property – the seller transfers ownership to the buyer upon payment of 90% or 100% of the real estate price. It is drawn up by the local notary public in the presence of the buyer and the seller. After the signing, the notary public certifies the deed and registers it with the Registry Agency. The entire procedure takes no more than two days, then you get your document in possession of the property.
5. Registering property in the tax administration – after receiving permission to use the building (license for exploitation – Act 16). If you purchase a property during the construction stage, registering the property of the tax office may take place after obtaining permission to use the building (license for exploitation – Act 16). In other cases – within 2 months after receiving the Notary Deed.

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