Most logical and frequently asked question is the question of the procedure of buying property in Bulgaria. Team Property Format Ltd. ready to tell You more about this.
So, first important point is the selection of properties and clarifying the needs of the buyer. Our experts do not just automatically show you the available options of real estate in the housing market, and approach this issue with all your soul, put myself in Your place, suffer Your needs for yourself and having full information about available properties, are the most competent and high-quality list for inspection of apartments. Turning to us, You will receive individual approach and qualitative feedback from each of the experts. Your need to find the best housing for You will be the first priority for the experts Property Format Ltd.
After examination of the selected objects, each buyer is faced with the fact that several apartments resonates in his heart. Therefore, our specialists residing in Bulgaria, always honestly tell You about all the pros and cons of this facility and the district where the selected housing. Also, experts Property Format Ltd. will defend Your interests in a conversation with the seller, and if possible, You will get extra discount from the owner of the object. Based on this information, You will be able to make the most proper choice.
The next step is a legal review of the apartment on the purity, that is, before the payment of the reservation You already know that this property has a clean history and is ready for booking. It should be noted that Your chosen property is exposed by the specialists of our company triple checking before the booking, during the preparation of documents and in the day of final registration. It provides a full guarantee purity of the transaction. Also, experts Property Format Ltd. will inform You about the availability of acts 14, 15 and 16 for Your chosen housing. Read more about acts of construction, we recommend to read the article: Acts 14, 15 and 16.
An important step in the acquisition of housing is the backup object. Selecting an apartment, house or land, You sign the advance agreement and leave a reservation fee. Most often it is equal to the standard 2,000 euros, at Your request, the Deposit can be increased. This document will specify all the data of Your selected real estate, the price of the object, which cannot be changed, the deadline by which it must be made deal.
A further step is the preparation of the documents for the transaction. This includes the ordering of cadastral schemes, tax assessment and a certificate of absence of encumbrances. Sometimes required also the signing of the preliminary contract, notarial certification of powers of attorney and declarations, open a Bank account, signing of the bar contract. Also during this phase is the inspection of the property on absence of debts on the light/water/taxes/maintenance fee. If any, the seller extinguishes them at the date of the transaction.
The long-awaited and welcome step is the signing of the deed. A notarial act is a document of title, and the final contract of sale of real estate. It lists all participants, the notary, the seller, the buyer and/or their agents, translator. Also spells out detailed information on object of sale and purchase, the amount and documents required for this transaction. On the day of signing the notary act takes place full payment of the property, unless otherwise disclosed in the preliminary contract.
A special item I want to mention post-sale registration of real estate. The company Property Format Ltd. will take care of the future of real estate registration in tax office, BULSTAT service, as well as when the need for water and electricity company. We recommend you read about this point in more detail in the section: Post-sale registration of real estate.
Bulgaria
