How to Buy

Buyers Guide

How to buy land in Bulgaria?

1. Find the piece of land in Bulgaria. Search on our site or simply email us with your requirements and criteria. If we donít already have anything you like, then we will go the extra mile and request our people to find new properties in Bulgaria, according to your requests. We have an extensive database of land in Bulgaria for sale and only upload pieces, which we believe will be of interest to our customers. Once again, if you donít find what you are looking for just ask.

2. Request additional information about the piece of land in Bulgaria, which you like. Generally we post all available information, but if you need to know anything not already there, just email us and we will do our best to come up with the information you need. Note, that on some building plots, the parameters of the plot are just outlined and only a complete architectural project will come up with the exact building parameters.

3. Plan your viewing trip to Bulgaria. We can help with that and recommend a travel agent and book accommodation in Bulgaria. No maps or pictures can replace see the piece of land in Bulgaria and the surrounding with your own eyes. Meeting our people in Bulgaria will clarify all questions or clarification you might have. We can meet you at the airport, take you to your hotel and arrange a time to meet and talk and view the property. You will be offered to see similar plots, which are not on the web site.

4. On many occasions we can help you finance your purchase of the land in Bulgaria and / or the complete development project. Some of the favourable terms include putting down as little as 20 percent and do not repay off anything for the first year. If you purchase the land and you wish to develop it, we can provide complete project management, architectural drawings, supervision and control, marketing and sales off-plan to our customers.

5. Set up a limited company as only Bulgarian nationals can buy land in Bulgaria without registering a company. As shareholder in a limited company you are liable for the company's financial commitments up to the value of your share in the company's registered capital ie: if the company incurs any expenses or debts your liable is limited to the full amount of your investment in the company. Your limited company will officially exist as soon as it is added to the Commercial Register of the district court, in the region where the company will be based.

6. Once the company is up and functional you can proceed with the purchase. At this or previous steps you can put down a deposit, usually 10 percent of the price.

7. You sign the Preliminary Contract, which spells out all the details for the sale, price, parameters, seller, buyer, etc. Between 3 percent and 4 percent are all additional taxes, charges, fees, solicitor and notary fees, municipal fees, etc. Our commission is 3 percent and is due at this point. Once this contract is signed, searches are carried out to make sure that the titles deeds are valid, that any relevant licenses and permissions are taken into consideration, that any debts on the title are brought to light, and that the terms of the final contract are agreeable to both buyer and vendor.

8. The last step in the buying process is to sign the Notary Act - essentially an official declaration that you have agreed to buy the property. At this point any state and municipal taxes must be paid and any outstanding balance of monies must be paid to the vendor.

9. We always recommends using a Solicitor or Lawyer as this is the only way you can make sure everything is clean and there are no bad surprises later.

 
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