Buying Process.

Step 1: Plan your trip to Bulgaria. Decide your property requirements and e-mail me the details. I will identify potential properties offered for sale for you to select to view.
Step 2: Contact me for further arrangements. Let me know when are you coming, how long you have planned to stay, your specifications and arrangements, also if your require accommadation to be booked.
Step 3: Arrival in Bulgaria. On your request a team member of my friendly staff can wait for you at the Airport (Sofia, Varna or Burgas). Your next stop is Veliko Tarnovo. Here, your viewing trip's plan will be made according to your requirements. I have negotiated discounts for our clients at Veliko Tarnovo's hotels and private houses, as well as rent-a-car companies. Other discounts are available too.
Step 4: Viewing trips. We advise you to plan 3-5 days to view the properties.During your daily viewing trips, you will be accompanied by one of my fluently English speaking real estate consultants and you will be provided with comfortable transportation. On the property inspections we will also inform you about the region's details.
Step 5: Select a property/properties. At any moment of your inspection trip you can select a property to buy. I will guide you through the rest of the buying process. At NO point you will be urged by myslf or my staff to make a property purchase.
Step 6: Sign a preliminary contract. The preliminary contract is similar to "Sold subject to contract" in UK and is needed to reserve the desired property. It will be signed by the seller and by you. I strongly recommend you to sign such a contract and pay 10% of the asking price of the purchase price in order for it to be removed from the market. This is due to the growing interest in rural houses and possibility that the house may be purchased by someone else. After Your company has been registered , you pay the remainder of the final price of the real estate.
Step 7: Buying property with or without land. According to the Bulgarian Constitution, foreign individuals can buy buildings but not land. The normal practice is to set up your own Limited Liability Company, which will possess the purchased property (land and buildings). It is expected that the law will be changed in 2014 when an LLC will no longer be required, after Bulgaria joins EU fully. As managers of the company, you then own the land and properties.
Step 8: Register a company, I collaborate with a respected law firm, which will advise you on the registering process and prepare all the documents, required to establish your company (Articles of incorporation, Memorandum for appointment of Director/ Directors, Proof that at least 70 per cent of the registered capital has been paid). It is a straightforward process which takes 2-4 weeks. If you require help, I can provide assistance with opening a bank account with 5000 levas (€ 2 500, 1 800 pounds) initial company capital, needed for your company registration. After listing your company with the National Tax Register Authority you can withdraw your money or transfer it to your personal bank account. I will make sure that you are involved with the entire process and will be assisting you along the way.
Step 9: Checks on Title documents, Licence and Permissions, Debts on Titles, Terms of Contract. After you have reserved the property, the lawyer will make checks on property's Title documents.
Step 10: Sign Notary Act (Contract of Purchase) Complete the purchasing process by signing the final legal contract in front of a Bulgarian Notary Public. For this purpose the following fees should be paid that are formed on the basis of the selling price - fee for the tax service which amounts up to 2 % of the property price - fee for a notary.
Congratulations!!! You are now officially owner of a Bulgarian property!