The Bulgarian Buying Process

The process is straight forward and we will be happy to assist you in this endevor.

1. We will verify the legality of the documentation, property ownership, sale permissions, planning permissions and carry out prelininary provenance checks regarding the property.
2. We have a strict code of compliance that all properties must comply with before we will consider listing them.
3. Because of the stringent checks we conduct, ensures the sale process is smooth and free of nasty surprises, which you may experience with less organised companie or listing agents
4. Verify the ownership requirements and where necessary establish a Ltd Company, the later is only necessary if you are purchasing land, it does not apply to purchase of apartments
5. Place a refundable deposit on your behalf in a guranteed bank account, (usually 10% of the purchase price or £500 which ever is the greater) notify the vendor funds have been deposited and establish a pre-final contract to secure the property and remove it from the availability listings
6. Under Bulgarian law any foreigner purchasing property will have an offically appointed government translator present to explain exactly what is written on all documentation before you sign, there is a nominal charge for this service. There is a simple buying process chart at the bottom of this page to help you
7. Attend the government appointed notary office to sign the documents for your property and make the final payment for the property, pay the notary fee (which is based upon its taxable value) and any municipal taxes

If you wish to reserve a property please click the option form link below, fill in the details and enclose a cheque for £500 made payable to “Start Foundation Ltd". This reservation fee is fully refundable against the property / land sale price.

Under current Bulgarian law foreigners cannot own land. The solution is to form a company on your behalf, which buys and owns the land, this does not apply to appartments. This is due to change and as Bulgaria has completed its negotiations for entry into the EEC and is due for full admission in 2007. The changes to the Bulgarian legislation have been drawn up and are in the process of presentation to the Bulgarian congress.

When you purchase through PrimeHomes4U we will take care of the details to make sure that you BUY with Confidence

Money Transfer

Can be achieved using bankers draft, WorldPay, Visa / Mastercard or your bank.

Because prices of property and land are low, there is a tendncy to panic buy without full appreciating what the implications could be Buy in haste repent at leisure

This is not a process Prime Homes4U advocates with less reputable agencies, but because we conduct extensive presale checks to ensure that sales can proceed quickly and efficiently. We offer a fast track “Remote Purchase” we purchase on your behalf and complete all the necessary paper work and contracts but name you (the buyer) as the beneficiary

The process is simplicity in itself, remember we have already pre qualified the property which means we can immediately proceed to raising a “Preliminary Contract” when we receive 10% of the sale price or £500 deposit whichever is the greater, from you as a deposit. This is important part of the property deeds and as we, on your behalf (the buyer) complete the first part of the sale at the Notary office which, retains the original and a copy is sent to you, as soon as you pay the balance the sale is completed.

All that remains is for you to travel to Bulgaria (if necessary) within a reasonable time to sign the deeds, and complete the set up of their company (if necessary) with assistance from our lawyers and us.

Please remember, the 10% or £500 deposit starts the legal process and incurs costs. The deposit is not refundable if you withdraw from the contract, but may be refundable less costs, if the seller withdraws or fails to provide material fact that would have adversely affected the buying decision.

If your decision to visit Bulgaria is to locate and purchase a property you must be prepared with the following.

Please note: credit cards are not widely used in Bulgaria, it is still predominantly a cash based society.

Transport

Depending upon the length of your visit, you may want to hire a car, if you do our advice is to use reputable companies such as Avis, Hertz, Europcar. And avoid the many cheap back street companies, our personal experience and research hiring’s has identified that dealing with them and their hidden charges can come as a nasty surprise at the end of a hire. Viewing properties on our listings, you will always be accompanied by one of our English speaking representatives for which there may be a charge of 50euro per day

We can arrange hotel accommodation for you, where possible at preferential rates

For UK residents funding and mortgaging is available via the link button on the property page.