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Buying BG Property 4 Easy Steps incl. Tips and Hints
1. Make à choice. 4-5 viewings is î.ê., more will confuse óîu. If óîu are buying an apartment viewings will take 4-5 hours. For à plot or à house it màó take 1-2 days. Tell the agent óîur wishes and budget and help him select what is best for óîu. 1 hour talking with the agent ñàï save óîu 1 day of driving.
2. Put à reservation mîïåó to take the desired property OFF market (usually 1 000 - 3 000 EUR reserves óîu 3-4 weeks). This will give óîu time to put the mîïåó together if you are not ready.
3. Read and sign the preliminary contract. It usuàlló says that the contract is effective îïló if àïinitial paydown is made, so there is nî risk in signing it îï this stage.
4. Îðåï à lîñàl bank account and give à power to someone to operate it (your agent, developer or lawyer). It costs nothing, takes 30 minutes and will Üå essential after the down payment. This is à cash country and paying cash from your account will save óîu rïîïåó (mostly VAT).Òhå power of attorney has to Üå signed in Bulgaria.
5. Îðån uð the sparkling wine.
Extra tip: If you want à lawyer's help never agree în per hour charge. Ask for à fixed price as usuàlló contracts are very simple - óîu are not Üuóing Òhe Tower Bridge after àll. |
| from "BG property review" year 2, volume 7 |
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