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Buying a Bulgarian Property with Us as Your Agent: Your Guide to a Smooth and Secure Purchase

Bulgaria is increasingly becoming a sought-after destination for property buyers, drawn by its affordable prices, beautiful landscapes, and welcoming culture. However, navigating the Bulgarian property market can be challenging, especially for foreign buyers. That’s where we come in. As your dedicated property buying agency, we’re committed to making your journey to owning a piece of Bulgaria as smooth and secure as possible.

Your Trusted Partner in Bulgarian Property Acquisition

Our primary role as your agent is to meticulously check and collate all necessary documentation to ensure the seller can legally sell the property on the open market. Recent changes in Bulgarian law have significantly strengthened buyer protection, requiring sellers to be debt-free before a sale can proceed. This means no outstanding judgements, fines, or unpaid national or municipal taxes.

The notary, a crucial figure in the Bulgarian property transaction, plays a vital role in verifying this. They have access to a national database that allows them to confirm the seller’s financial standing. Furthermore, the notary re-examines all documentation immediately before creating the property deed, ensuring that all inheritance and ownership aspects are properly verified.

Standard Checks: Ensuring a Transparent Transaction

Before you even consider making an offer, we conduct a thorough due diligence process on your behalf. This includes verifying the following:

• Up-to-date Property Plan (Skitsa): We ensure the plan of the property, showing the outline of any buildings and land boundaries, is current and accurate. This is crucial for understanding the property’s exact dimensions and boundaries.
• Property Tax Payment: We confirm that the property tax, based on the municipality’s valuation, has been paid up to date. This prevents you from inheriting any outstanding tax liabilities.
• Recent Government Valuation: Bulgarian paperwork needs to be recent to be considered valid. We ensure a new government valuation is available, or that the existing one is re-stamped with a new date. This is generally necessary if the document is older than six months.
• Deed Verification: We meticulously review the property deeds to confirm ownership. All owners must be present at the deed signing, or a designated representative with a notarized Power of Attorney must be present and agree to the selling price.

The Deed Signing Process: Clarity and Security

Once all the necessary paperwork has been gathered and verified, the deal can move forward to the deed signing. The notary will prepare the deeds in the new owner’s name. It is essential that both the buyer and the seller (or their legal representatives) attend the signing.

Here’s what you can expect during the deed signing process:

1. Deed Reading: The notary will read the deed aloud in Bulgarian.
2. Translation: A approved translator will translate the document into English (or another language, as required) for the buyer. This ensures that the buyer fully understands the terms and conditions of the sale.
3. Declaration Signing: Both the buyer and seller will sign a declaration at the bottom of the deed, confirming their understanding and agreement.
4. Courthouse Registration: Once signed, the deed is submitted to the courthouse, where it is assigned additional land registry identification numbers and officially recorded.
5. Deed Collection: The completed deeds are typically available for collection after 24 hours.

This is a serious undertaking, and the translator will ensure the buyer understand the document fully before it is signed.

Beyond Property Buying: Comprehensive Services for Our Clients

We understand that buying a property is just one piece of the puzzle. We offer a comprehensive suite of services to help you navigate all aspects of living and doing business in Bulgaria:

Company Formation

If you’re considering starting a business in Bulgaria or buying a property, we can assist with company formation. We guide you through the legal requirements, paperwork, and registration process, ensuring your business gets off to a solid start. Bulgaria offers an attractive corporate tax rate, making it a popular destination for entrepreneurs and home owners alike.

Managed Property

Protecting your investment is paramount. We offer comprehensive managed property services, including:

• Finding tenants if you choose to rent out your property.
• Collecting rent and handling tenant communication.
• Arranging for repairs and maintenance.
• Overseeing cleaning and landscaping.

This allows you to enjoy the benefits of property ownership without the day-to-day hassles.

Virtual Office

For businesses looking to establish a presence in Bulgaria without committing to a physical office space, or those wish to manage there property in the best way posible we offer virtual services. This includes:

• Property Management.
• Safe secure storage for Documentation, images etc.
• Question answering service.
• Project progress logs and so much more
• This virtual office is free of charge, you dont even need to of purchased your property from us.

A virtual office is a cost-effective (free) way to enhance your business productivaty and credibility in the Bulgarian market.

Living in Bulgaria: A Brief Overview

Bulgaria offers a unique blend of affordability, natural beauty, and rich history. Here are some considerations for those contemplating living in Bulgaria:

• Cost of Living: The cost of living in Bulgaria is significantly lower than in many Western European countries.
• Climate: Bulgaria enjoys a temperate climate with four distinct seasons, offering warm summers and snowy winters.
• Culture: Bulgarian culture is rich in traditions and folklore, with a strong emphasis on hospitality.
• Language: While Bulgarian is the official language, English is widely spoken, especially in tourist areas and major cities.
• Healthcare: Bulgaria has a public healthcare system, and private healthcare options are also available. However, it is advisable to obtain private health insurance.

Why Choose Us?

We are more than just a property buying agency; we are your dedicated partners in making your Bulgarian dream a reality. Here’s what sets us apart:

• Experience and Expertise: We have extensive knowledge of the Bulgarian property market and legal system.
• Transparency and Integrity: We operate with the utmost transparency and integrity, ensuring your interests are always protected.
• Personalized Service: We provide personalized service tailored to your specific needs and requirements.
• Comprehensive Support: We offer a full range of services, from property buying to company formation and managed property.
• Commitment to Excellence: We are committed to providing the highest level of service and support to our clients.

Ready to Begin Your Bulgarian Adventure?

Buying a property in Bulgaria can be a rewarding experience. With our expertise and dedicated support, you can navigate the process with confidence and find the perfect property to call your own. Contact us today to discuss your requirements and let us help you make your Bulgarian dream a reality.r