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Other Added - How to Buy a Property in Bulgaria
Dental insurance has become quite essential, as have visits to dentists. The amount of money that people are spending on dentists is increasing, and many companies provide dental insurance along with medical insurance. To keep up with the rising expectations of employees from companies to provide them with dental coverage, a lot of private companies have started opting for dental insurances. Since their systems and financial structures do not provide for them to have their own dental insurance plan, they buy insurance plans for all their employees from an insurance company. The dental insurance companies provide special quotes and terms for small businesses and enterprises. This makes it easier for the businesses to avail of these insurance policies and satisfy their employees with a plan that is comparable with other larger companies.Almost all dental insurance companies offer plans for small businesses and selecting an appropriate plan from countless regional and national plans offered can seem like an overwhelming assignment. The Consumer's Guide to Dental Insurance can prove very useful to the owners of small business to help find a plan that is best for their company. These guides help small business find dental insurance companies that offer a wide range choice of regional and national plans for small companies. The guide gives information on what different policies cover, the cost of each, etc. The small business must then decide to cover the policy totally, or have employees pay a certain percent. More and more small businesses are opting to have the employee pay a certain percent.
2. Private sale
Some property sellers prefer to handle their sale privately, by advertising locally. However a private sale may hardly be found. But the advantage of this kind of bargain is that there are not any estate agent fees to be paid and you might end up paying less.
You have to consider that a private seller might not deal with you in the same professional manner as an estate agent does. Especially when difficulties or delays arise, the situation can become a bit tense.
3. Online property listings
When you want to buy a property in Bulgaria and you want to get a quick impression of what’s on the market, the online property listings are very convenient and helpful. It is usually possible to look for properties according to features, price range and location. Internet listings can be accessed via estate agents’ home pages or independent property web sites.
You should keep in mind that a photo posted on the internet might not give you an adequate impression of the property, so it is better to remain skeptical until you have actually seen the property.
Arrange a viewing
If you have the chance you have to go and see the property with your own eyes. Check the property you view for:
- General Condition (fixtures and fittings, layout etc.)
- State of Repair (insulation, heating, plugs, plumbing etc.)
- Structural problems (dampness, cracks in walls or ceilings, crooked doors, damaged foundations etc.)
If you have no possibility to go to Bulgaria to view the property that interests you, you may require more pictures of certain features of the property. Also you may ask for the things that are not described in the advertisement as fixtures and fittings, insulation, heating, plugs, plumbing, etc.
Reservation
Once you have determined which property you wish to buy, you can reserve it either by phone, post or e-mail. You may be required to pay a reservation fee, which is refundable, and the property will be reserved for you for a certain period of time. If the property is sold via Estate Agent you have to call them to secure the deal.
Preliminary Contract and de
How would you like to leverage sales into a largely untapped market segment of potentially lucrative customers that number in the millions and are convenient to target? The segment we recommend is the growing U.S. Hispanic market. According to the current U.S. Census, Hispanics are now officially the nation’s largest minority at nearly 40 million consumers, or 13.7 % of the U.S. population, having surpassed the African-American market in size during just the past two years. And this group, which surged 58% between 1990 and 2000, continues to grow unabated. Younger on average by ten years compared to the rest of the population, and with larger households by almost a third, Hispanics are the customers of today and tomorrow.REACHING THE HISPANIC BUYERU.S. Hispanics, often also referred to in the West and Southwest as the Latino market, are a target group unlike any other in the American experience. The difference is that Hispanics acculturate to their life in the U.S., but they are not assimilating in the same way as our Irish, Italian, Polish, German and myriad of other forbears who became Americans by being blended in the famous “Melting Pot.” The key for this difference is the Spanish language. Multiple studies from firms like Roslow Research and Synovate show consistently that two-thirds of all U.S. Hispanics prefer Spanish for communicating at home and at work, even after they become bilingual. There are many reasons for this phenomenon, but chief among them is the development of a national U.S. Hispanic media infrastructure, something that no other ethnic group has ever enjoyed. Hispanics have the ability to find news, entertainment and information in Spanish
Although the property prices in Bulgaria are quite low compared to the other European countries, there is still a wide variety of prices depending on the property type and location (as a rule the properties in Sofia and at the Black Sea are more expensive). The first thing you will need to figure out is how much you can afford to spend and thereafter to determine the price range for your purchase. Apart from the actual price of the property, there are a lot of other one-off costs you have to consider.
The expenditures
There are some differences in the property-buying process in Bulgaria from those in the UK. Below is the list of one-off costs which provides you with a rough estimate of the expenditures you will have to cover. It is advisable always to take all eventualities into account when making your estimates.
1. Deposit
Usually you are required to put down at least 10% of the price.
2. Solicitor
You will need to employ a local solicitor, who speaks English, for all the legal aspects of buying a property. Some charge a flat rate, others a percentage of the property price (usually 1%). We recommend to get some quotes before choosing one.
Solicitors in Bulgaria frequently represent both sides of a transaction, but are legally obliged to be diligent and fair.
3. Preliminary contract
Its cost is of around ?100, with an extra ?15 or so payable for a translation of the contract – remember that the English version is not legally binding.
4. Survey / Valuation Fee
5. Agency fees
Agency fees in Bulgaria are often split between buyer and seller; a typical fee might be 6% with buyer and seller each paying 3%. Sometimes the buyer is responsible for the whole fee; would-be buyers should clarify beforehand precisely what percentage of the value will be the fee and for what proportion of that fee he or she is liable. Occasionally – and this is most often the case with new-build properties – the fee is included in the purchase price; again, though, the buyer is advised to find out if this is the case and, if so, what proportion of the overall price pertains to the fee as it may affect the resale value of the property.
6. Stamp Duty
The government charges a tax based upon the property’s purchase price. This is called country tax and it is the equivalent of the Stamp Duty in the United Kingdom. This is a maximum of 2% of purchase price charged at completion.
7. Notary Fee
The notary puts on public record that the title deed has been signed in their presence and understood by the parties concerned. The notary is further in charge of the submitting of the title deed with the other related documents of the transfer to the cadastral and the property register (land register).
The Notary will pay registration and state fees collected previously from the buyer.
Registration confirms you as the legal owner of the property and registers you at that address. The fee charged depends upon the price of the property (See Stamp Duty).
8. House-hunting Expenses
Property-hunting can be quite a costly business. Expenses include money for travel to Bulgaria, hotels and eating, and telephone calls.
9. Removal Fees (if not only a holiday home)
Doing the removal yourself is time-consuming and stressful. If you decide to employ a company, ask around for quotes first.
Find a Property in Bulgaria
After having calculated how much you can afford, you can start on the most exciting part of the property-buying process: selecting your future property.
But before you start spending your nights digging through piles of Bulgarian property web sites and looking at estate agents’ brochures, it is advisable to sit down and think about what exactly you want. Property-hunting is exhausting and time-consuming, and you can save yourself a lot of work and energy by deciding on certain prerequisites before starting out on the actual property search.
Choosing the location and the neighbourhood
Make sure you select an area you feel comfortable in, and which suits your personal needs. If you are going to spend only your holidays in Bulgaria, then maybe you will prefer a property in a ski or sea resort. If your intention is to retire in Bulgaria, then a small village may be suitable for you. But it is a must to check the infrastructure in the region. The same is the situation if you are thinking of purchasing a property in Bulgaria for part-time retirement.
If you are a young, childless professional, you might want a lively pub scene in the area, whereas if you are an overworked parent of two children, a good school and a playground might be more important to you.
Anyway in Bulgaria there is a place for everybody – quiet lovely villages with animals and gardens, or undisturbed mountain villages, or lively cities, or luxury sea or spa resorts. Here are the essential points to consider when choosing your future location and neighbourhood:
1. The Prices
Find out what area you can afford a decent property in by looking at the prices of properties sold recently in different locations.
2. Your feelings
Make sure you feel comfortable in that location.
3. Distance and transport
You can arrive in Bulgaria by plane, by car, by bus or by train. The major airports are in Sofia, Varna and Bourgas. From there you can take a bus or a taxi to your final destination. For more information you can see Arriving in Bulgaria. So when you choose your property’s location consider how you would get to there and how long it would take you. The best possibility is that your future property is close to the major airport and the road infrastructure is in good condition.
4. Local Amenities
What you need depends on your lifestyle and preferences. Look out for shops, public transport, leisure’ facilities like pubs and clubs, children’s activities, parks etc.
5. Schools
If you have kids, find out what is the situation with the local schools.
6. Crime rate
Find out the crime rate in the region.
7. Condition of the region and neighbourhood
Keep in mind that the state of the houses in your neighbourhood influences the value of your own. The resort regions are likely to be more fancy than the ordinary villages.
8. Local Authority Services
Find out how often the waste is being collected, if the road infrastructure is regularly maintained, if the gardens and parks are kept in good condition etc.
Choose a Property
In addition to deciding what area you want to live in, you will have to make up your mind in regard to the characteristics of the property you intend to buy.
Below there is a list of property features you will have to consider:
1. Property type
Do you want a house or a flat? If you prefer a house, should it be detached, semi-detached or terraced?
Under the Bulgarian Act on Foreign Investments, foreigners are not allowed to own land but may own buildings. Foreigners wishing to own land can do it by setting up a Bulgarian company to hold the land. Bulgarian company incorporation costs less than ?600. Bulgaria’s ownership policy will be harmonized with the EU in the future, most probably in 2007.
2. Property Features
Determine what size the property should be (keep in mind that bigger home mean higher heating costs).
Decide on the number of bedrooms and bathrooms, the face of the building, whether you want a garden. If you are looking for apartment, have you any preferences for the floor number.
3. Old or new?
A new property will be more expensive to buy, but with an old property high expenses might incur for repairs and improvements. There are also many properties that are sold “off-plan”, which may be pretty favourable for you.
4. Garage
If you intend to have a car in Bulgaria, check whether you have good parking facilities on the street or if there is a garage.
Bulgarian Property-Hunting Resources
After having decided on your priorities, you can start off looking for a property to buy. There are different resources for property listings.
1. Estate Agents
In Bulgaria the Estate Agents can advertise the properties and handle negotiations. Agents usually have a wide range of properties available and can offer detailed information.
Buying property in Bulgaria should only be undertaken with good professional advice. It is essential to use a reputable real estate agent – the boom in what is a largely unregulated market has led to a huge increase in the number of companies selling property, some of which may not have the experience or professional approach of longer established agencies. It is advisable to ask for references from previous customers, particularly other foreigners.
2. Private sale
Some property sellers prefer to handle their sale privately, by advertising locally. However a private sale may hardly be found. But the advantage of this kind of bargain is that there are not any estate agent fees to be paid and you might end up paying less.
You have to consider that a private seller might not deal with you in the same professional manner as an estate agent does. Especially when difficulties or delays arise, the situation can become a bit tense.
3. Online property listings
When you want to buy a property in Bulgaria and you want to get a quick impression of what’s on the market, the online property listings are very convenient and helpful. It is usually possible to look for properties according to features, price range and location. Internet listings can be accessed via estate agents’ home pages or independent property web sites.
You should keep in mind that a photo posted on the internet might not give you an adequate impression of the property, so it is better to remain skeptical until you have actually seen the property.
Arrange a viewing
If you have the chance you have to go and see the property with your own eyes. Check the property you view for:
- General Condition (fixtures and fittings, layout etc.)
- State of Repair (insulation, heating, plugs, plumbing etc.)
- Structural problems (dampness, cracks in walls or ceilings, crooked doors, damaged foundations etc.)
If you have no possibility to go to Bulgaria to view the property that interests you, you may require more pictures of certain features of the property. Also you may ask for the things that are not described in the advertisement as fixtures and fittings, insulation, heating, plugs, plumbing, etc.
Reservation
Once you have determined which property you wish to buy, you can reserve it either by phone, post or e-mail. You may be required to pay a reservation fee, which is refundable, and the property will be reserved for you for a certain period of time. If the property is sold via Estate Agent you have to call them to secure the deal.
Preliminary Contract and dep
What does wealth mean to you? Use these quotes from famous people to think about what it means to be wealthy.1. “Man was born to be rich, or inevitably to grow rich, through the use of his faculties.” – Ralph Waldo Emerson2. “Wealth is not a material gain, but a state of mind.” – Jerry Gillies3. “Wealth is the accumulation of possibilities.” - Writer in Mexico4. “There is wealth within the sound of your voice.” – Russell Conwell5. “Wealth comes from knowing what others do not know.” – Aristotle Onasis6. “Never forget: the secret of creating riches for oneself is to create them for others.” – Sir John Templeton7. “…Every person who gets rich by creation opens a way for thousands to follow – and inspires them to do so.” - Wallace D. Wattles8. “The great road to wealth is to learn useful facts.” - M.R. Kopmeyer9. “Money is for making things happen.” – Richard Branson10. “When you realize that prosperity is your divine heritage, you should persist in claiming it.” – Catherine Ponder11. “No one can become rich without enriching others. Anyone who adds to prosperity must prosper in turn.” – G. Alexander Orndorff12. “If you are not as wealthy as you like, there is something you don’t know.” – David Wood13. “Priorities lead to prosperity.” – Michelle Singletary14. “Ideas will be the major source of new wealth.” – Brian Tracy15. “Study well what the billionaire does. It may make you a millionaire.” – John Emmerling16. “Wealth is largely a result of habit.” – John J
The government charges a tax based upon the property’s purchase price. This is called country tax and it is the equivalent of the Stamp Duty in the United Kingdom. This is a maximum of 2% of purchase price charged at completion.
7. Notary Fee
The notary puts on public record that the title deed has been signed in their presence and understood by the parties concerned. The notary is further in charge of the submitting of the title deed with the other related documents of the transfer to the cadastral and the property register (land register).
The Notary will pay registration and state fees collected previously from the buyer.
Registration confirms you as the legal owner of the property and registers you at that address. The fee charged depends upon the price of the property (See Stamp Duty).
8. House-hunting Expenses
Property-hunting can be quite a costly business. Expenses include money for travel to Bulgaria, hotels and eating, and telephone calls.
9. Removal Fees (if not only a holiday home)
Doing the removal yourself is time-consuming and stressful. If you decide to employ a company, ask around for quotes first.
Find a Property in Bulgaria
After having calculated how much you can afford, you can start on the most exciting part of the property-buying process: selecting your future property.
But before you start spending your nights digging through piles of Bulgarian property web sites and looking at estate agents’ brochures, it is advisable to sit down and think about what exactly you want. Property-hunting is exhausting and time-consuming, and you can save yourself a lot of work and energy by deciding on certain prerequisites before starting out on the actual property search.
Choosing the location and the neighbourhood
Make sure you select an area you feel comfortable in, and which suits your personal needs. If you are going to spend only your holidays in Bulgaria, then maybe you will prefer a property in a ski or sea resort. If your intention is to retire in Bulgaria, then a small village may be suitable for you. But it is a must to check the infrastructure in the region. The same is the situation if you are thinking of purchasing a property in Bulgaria for part-time retirement.
If you are a young, childless professional, you might want a lively pub scene in the area, whereas if you are an overworked parent of two children, a good school and a playground might be more important to you.
Anyway in Bulgaria there is a place for everybody – quiet lovely villages with animals and gardens, or undisturbed mountain villages, or lively cities, or luxury sea or spa resorts. Here are the essential points to consider when choosing your future location and neighbourhood:
1. The Prices
Find out what area you can afford a decent property in by looking at the prices of properties sold recently in different locations.
2. Your feelings
Make sure you feel comfortable in that location.
3. Distance and transport
You can arrive in Bulgaria by plane, by car, by bus or by train. The major airports are in Sofia, Varna and Bourgas. From there you can take a bus or a taxi to your final destination. For more information you can see Arriving in Bulgaria. So when you choose your property’s location consider how you would get to there and how long it would take you. The best possibility is that your future property is close to the major airport and the road infrastructure is in good condition.
4. Local Amenities
What you need depends on your lifestyle and preferences. Look out for shops, public transport, leisure’ facilities like pubs and clubs, children’s activities, parks etc.
5. Schools
If you have kids, find out what is the situation with the local schools.
6. Crime rate
Find out the crime rate in the region.
7. Condition of the region and neighbourhood
Keep in mind that the state of the houses in your neighbourhood influences the value of your own. The resort regions are likely to be more fancy than the ordinary villages.
8. Local Authority Services
Find out how often the waste is being collected, if the road infrastructure is regularly maintained, if the gardens and parks are kept in good condition etc.
Choose a Property
In addition to deciding what area you want to live in, you will have to make up your mind in regard to the characteristics of the property you intend to buy.
Below there is a list of property features you will have to consider:
1. Property type
Do you want a house or a flat? If you prefer a house, should it be detached, semi-detached or terraced?
Under the Bulgarian Act on Foreign Investments, foreigners are not allowed to own land but may own buildings. Foreigners wishing to own land can do it by setting up a Bulgarian company to hold the land. Bulgarian company incorporation costs less than ?600. Bulgaria’s ownership policy will be harmonized with the EU in the future, most probably in 2007.
2. Property Features
Determine what size the property should be (keep in mind that bigger home mean higher heating costs).
Decide on the number of bedrooms and bathrooms, the face of the building, whether you want a garden. If you are looking for apartment, have you any preferences for the floor number.
3. Old or new?
A new property will be more expensive to buy, but with an old property high expenses might incur for repairs and improvements. There are also many properties that are sold “off-plan”, which may be pretty favourable for you.
4. Garage
If you intend to have a car in Bulgaria, check whether you have good parking facilities on the street or if there is a garage.
Bulgarian Property-Hunting Resources
After having decided on your priorities, you can start off looking for a property to buy. There are different resources for property listings.
1. Estate Agents
In Bulgaria the Estate Agents can advertise the properties and handle negotiations. Agents usually have a wide range of properties available and can offer detailed information.
Buying property in Bulgaria should only be undertaken with good professional advice. It is essential to use a reputable real estate agent – the boom in what is a largely unregulated market has led to a huge increase in the number of companies selling property, some of which may not have the experience or professional approach of longer established agencies. It is advisable to ask for references from previous customers, particularly other foreigners.
2. Private sale
Some property sellers prefer to handle their sale privately, by advertising locally. However a private sale may hardly be found. But the advantage of this kind of bargain is that there are not any estate agent fees to be paid and you might end up paying less.
You have to consider that a private seller might not deal with you in the same professional manner as an estate agent does. Especially when difficulties or delays arise, the situation can become a bit tense.
3. Online property listings
When you want to buy a property in Bulgaria and you want to get a quick impression of what’s on the market, the online property listings are very convenient and helpful. It is usually possible to look for properties according to features, price range and location. Internet listings can be accessed via estate agents’ home pages or independent property web sites.
You should keep in mind that a photo posted on the internet might not give you an adequate impression of the property, so it is better to remain skeptical until you have actually seen the property.
Arrange a viewing
If you have the chance you have to go and see the property with your own eyes. Check the property you view for:
- General Condition (fixtures and fittings, layout etc.)
- State of Repair (insulation, heating, plugs, plumbing etc.)
- Structural problems (dampness, cracks in walls or ceilings, crooked doors, damaged foundations etc.)
If you have no possibility to go to Bulgaria to view the property that interests you, you may require more pictures of certain features of the property. Also you may ask for the things that are not described in the advertisement as fixtures and fittings, insulation, heating, plugs, plumbing, etc.
Reservation
Once you have determined which property you wish to buy, you can reserve it either by phone, post or e-mail. You may be required to pay a reservation fee, which is refundable, and the property will be reserved for you for a certain period of time. If the property is sold via Estate Agent you have to call them to secure the deal.
Preliminary Contract and de
Here are six ways you can prepare your home for a move and to get a great asking price.1. Moving is high on the list of what many homeowners truly dislike doing. In your plan, you have to remember this is not going to be your house sometime in the near future. Go visit a model home and you will see there are very few personal things to remind you this home is not yours. They have left the place very neutral so you can picture yourself and your things in it. So, step one is neutralize.2. Plan ahead so you don't feel so rushed about getting your place in order. Very often people make the decision they want to sell and wait until the last minute to have an exit plan. Depending on the size of the house and property, be realistic about the time it will take in achieving the steps needed. Make a written plan that includes a step-by-step schedule. Decide how much money you can allot to your plan and build your plan around it. Step two is plan ahead.3. Start with getting rid of things you would think: "Why would I pay to move this?" Moving furniture and other things is costly. Even if your intention is to get a rent-a-truck and do your own packing, larger trucks are more expensive to rent. Some people rent a smaller truck and find they have to make more than one trip. If you are moving close by, this could merely be an inconvenience. If you are moving a distance, this could be a major headache. So, be ruthless, discard every useless item. And do this before cleaning because it will save you the time and energy of cleaning and packing something you never intended to keep. So, step three is toss, toss, toss.4. Packing is another step you
If you are a young, childless professional, you might want a lively pub scene in the area, whereas if you are an overworked parent of two children, a good school and a playground might be more important to you.
Anyway in Bulgaria there is a place for everybody – quiet lovely villages with animals and gardens, or undisturbed mountain villages, or lively cities, or luxury sea or spa resorts. Here are the essential points to consider when choosing your future location and neighbourhood:
1. The Prices
Find out what area you can afford a decent property in by looking at the prices of properties sold recently in different locations.
2. Your feelings
Make sure you feel comfortable in that location.
3. Distance and transport
You can arrive in Bulgaria by plane, by car, by bus or by train. The major airports are in Sofia, Varna and Bourgas. From there you can take a bus or a taxi to your final destination. For more information you can see Arriving in Bulgaria. So when you choose your property’s location consider how you would get to there and how long it would take you. The best possibility is that your future property is close to the major airport and the road infrastructure is in good condition.
4. Local Amenities
What you need depends on your lifestyle and preferences. Look out for shops, public transport, leisure’ facilities like pubs and clubs, children’s activities, parks etc.
5. Schools
If you have kids, find out what is the situation with the local schools.
6. Crime rate
Find out the crime rate in the region.
7. Condition of the region and neighbourhood
Keep in mind that the state of the houses in your neighbourhood influences the value of your own. The resort regions are likely to be more fancy than the ordinary villages.
8. Local Authority Services
Find out how often the waste is being collected, if the road infrastructure is regularly maintained, if the gardens and parks are kept in good condition etc.
Choose a Property
In addition to deciding what area you want to live in, you will have to make up your mind in regard to the characteristics of the property you intend to buy.
Below there is a list of property features you will have to consider:
1. Property type
Do you want a house or a flat? If you prefer a house, should it be detached, semi-detached or terraced?
Under the Bulgarian Act on Foreign Investments, foreigners are not allowed to own land but may own buildings. Foreigners wishing to own land can do it by setting up a Bulgarian company to hold the land. Bulgarian company incorporation costs less than ?600. Bulgaria’s ownership policy will be harmonized with the EU in the future, most probably in 2007.
2. Property Features
Determine what size the property should be (keep in mind that bigger home mean higher heating costs).
Decide on the number of bedrooms and bathrooms, the face of the building, whether you want a garden. If you are looking for apartment, have you any preferences for the floor number.
3. Old or new?
A new property will be more expensive to buy, but with an old property high expenses might incur for repairs and improvements. There are also many properties that are sold “off-plan”, which may be pretty favourable for you.
4. Garage
If you intend to have a car in Bulgaria, check whether you have good parking facilities on the street or if there is a garage.
Bulgarian Property-Hunting Resources
After having decided on your priorities, you can start off looking for a property to buy. There are different resources for property listings.
1. Estate Agents
In Bulgaria the Estate Agents can advertise the properties and handle negotiations. Agents usually have a wide range of properties available and can offer detailed information.
Buying property in Bulgaria should only be undertaken with good professional advice. It is essential to use a reputable real estate agent – the boom in what is a largely unregulated market has led to a huge increase in the number of companies selling property, some of which may not have the experience or professional approach of longer established agencies. It is advisable to ask for references from previous customers, particularly other foreigners.
2. Private sale
Some property sellers prefer to handle their sale privately, by advertising locally. However a private sale may hardly be found. But the advantage of this kind of bargain is that there are not any estate agent fees to be paid and you might end up paying less.
You have to consider that a private seller might not deal with you in the same professional manner as an estate agent does. Especially when difficulties or delays arise, the situation can become a bit tense.
3. Online property listings
When you want to buy a property in Bulgaria and you want to get a quick impression of what’s on the market, the online property listings are very convenient and helpful. It is usually possible to look for properties according to features, price range and location. Internet listings can be accessed via estate agents’ home pages or independent property web sites.
You should keep in mind that a photo posted on the internet might not give you an adequate impression of the property, so it is better to remain skeptical until you have actually seen the property.
Arrange a viewing
If you have the chance you have to go and see the property with your own eyes. Check the property you view for:
- General Condition (fixtures and fittings, layout etc.)
- State of Repair (insulation, heating, plugs, plumbing etc.)
- Structural problems (dampness, cracks in walls or ceilings, crooked doors, damaged foundations etc.)
If you have no possibility to go to Bulgaria to view the property that interests you, you may require more pictures of certain features of the property. Also you may ask for the things that are not described in the advertisement as fixtures and fittings, insulation, heating, plugs, plumbing, etc.
Reservation
Once you have determined which property you wish to buy, you can reserve it either by phone, post or e-mail. You may be required to pay a reservation fee, which is refundable, and the property will be reserved for you for a certain period of time. If the property is sold via Estate Agent you have to call them to secure the deal.
Preliminary Contract and de
You have made the decision that you want to make money online. The biggest problem you are now facing is how to do this. You thought it would be simple to do a search for information on how to make money online, but the results are so vast and so many that you can quickly suffer from information overload.This is where a lot of people make the mistake and try and go for the wrong products or they look at the wrong way to work online. There are many good ways to earn a great income but there are equally many bad ways which will end up taking any finance you have. You will end up with nothing left in the bank just a whole heap of bad ideas and scams. This is why it is imperative that you do your research well, and that you know what is good and what is bad.If you want to learn just one thing, this would have to be it. It is impossible for you to become a millionaire overnight with zero amount of work. Even if you have to invest some money into a scheme, you will not make a dime without putting some time and effort into the project. You won’t be making money in your sleep, you won’t be spending all day on your yacht, and you won’t be finding that the opposite sex is running after you. None of these will happen overnight.These could be goals you aim for in the future, but to see the dreams become a reality then it will take a lot of time and effort. In other words you need to work.To start to make money online, you need to realize that whatever money you spend is an investment. It could be a book you buy, but unless you do something with it then its dead money. You might buy into a scheme which can earn you a lot of money, but only when you spend time wor
Choose a Property
In addition to deciding what area you want to live in, you will have to make up your mind in regard to the characteristics of the property you intend to buy.
Below there is a list of property features you will have to consider:
1. Property type
Do you want a house or a flat? If you prefer a house, should it be detached, semi-detached or terraced?
Under the Bulgarian Act on Foreign Investments, foreigners are not allowed to own land but may own buildings. Foreigners wishing to own land can do it by setting up a Bulgarian company to hold the land. Bulgarian company incorporation costs less than ?600. Bulgaria’s ownership policy will be harmonized with the EU in the future, most probably in 2007.
2. Property Features
Determine what size the property should be (keep in mind that bigger home mean higher heating costs).
Decide on the number of bedrooms and bathrooms, the face of the building, whether you want a garden. If you are looking for apartment, have you any preferences for the floor number.
3. Old or new?
A new property will be more expensive to buy, but with an old property high expenses might incur for repairs and improvements. There are also many properties that are sold “off-plan”, which may be pretty favourable for you.
4. Garage
If you intend to have a car in Bulgaria, check whether you have good parking facilities on the street or if there is a garage.
Bulgarian Property-Hunting Resources
After having decided on your priorities, you can start off looking for a property to buy. There are different resources for property listings.
1. Estate Agents
In Bulgaria the Estate Agents can advertise the properties and handle negotiations. Agents usually have a wide range of properties available and can offer detailed information.
Buying property in Bulgaria should only be undertaken with good professional advice. It is essential to use a reputable real estate agent – the boom in what is a largely unregulated market has led to a huge increase in the number of companies selling property, some of which may not have the experience or professional approach of longer established agencies. It is advisable to ask for references from previous customers, particularly other foreigners.
2. Private sale
Some property sellers prefer to handle their sale privately, by advertising locally. However a private sale may hardly be found. But the advantage of this kind of bargain is that there are not any estate agent fees to be paid and you might end up paying less.
You have to consider that a private seller might not deal with you in the same professional manner as an estate agent does. Especially when difficulties or delays arise, the situation can become a bit tense.
3. Online property listings
When you want to buy a property in Bulgaria and you want to get a quick impression of what’s on the market, the online property listings are very convenient and helpful. It is usually possible to look for properties according to features, price range and location. Internet listings can be accessed via estate agents’ home pages or independent property web sites.
You should keep in mind that a photo posted on the internet might not give you an adequate impression of the property, so it is better to remain skeptical until you have actually seen the property.
Arrange a viewing
If you have the chance you have to go and see the property with your own eyes. Check the property you view for:
- General Condition (fixtures and fittings, layout etc.)
- State of Repair (insulation, heating, plugs, plumbing etc.)
- Structural problems (dampness, cracks in walls or ceilings, crooked doors, damaged foundations etc.)
If you have no possibility to go to Bulgaria to view the property that interests you, you may require more pictures of certain features of the property. Also you may ask for the things that are not described in the advertisement as fixtures and fittings, insulation, heating, plugs, plumbing, etc.
Reservation
Once you have determined which property you wish to buy, you can reserve it either by phone, post or e-mail. You may be required to pay a reservation fee, which is refundable, and the property will be reserved for you for a certain period of time. If the property is sold via Estate Agent you have to call them to secure the deal.
Preliminary Contract and de
Certainly, the concept behind film lamination is easily understood. It simply boils down to taking the extra steps that are necessary to preserve documents in order to increase their life expectancy as the years roll on by applying a thin, clear plastic covering. While many establishments exist that offer professional laminating services, there are those who prefer to buy the necessary tools that will allow them to apply this protective coating themselves, in order to save on the costs of contracting a professional laminator. In order to take on such a task, however, it’s best to arm yourself with a few of the “tricks of the trade” that will ensure a smoother, easier process and a more attractive result.The “Dos” of Film Laminating1. If you’re planning to do cold laminating, then it’s important to remember that the curing time is about 24 hours. If the prints aren’t allowed to sit flat for the proper amount of time before mounting, then you won’t achieve maximum adhesion, and the result will be less-than-perfect prints.2. If, on the other hand, the plan is to use thermal lamination, then be sure to leave a menu edge for prints with a heavy ink coverage.3. Be sure to allow adequate time for the printed documents to dry before applying the lamination. No less than four hours should be given to this part of the process, in order to ensure optimum results.4. Do your best to control the level of humidity in the area where the prints are being processed. If that’s not possible, then take the time to use a hair dryer in order to remove any lingering moisture.5. Although you may choose to apply a cold laminant, it’s best to use
2. Private sale
Some property sellers prefer to handle their sale privately, by advertising locally. However a private sale may hardly be found. But the advantage of this kind of bargain is that there are not any estate agent fees to be paid and you might end up paying less.
You have to consider that a private seller might not deal with you in the same professional manner as an estate agent does. Especially when difficulties or delays arise, the situation can become a bit tense.
3. Online property listings
When you want to buy a property in Bulgaria and you want to get a quick impression of what’s on the market, the online property listings are very convenient and helpful. It is usually possible to look for properties according to features, price range and location. Internet listings can be accessed via estate agents’ home pages or independent property web sites.
You should keep in mind that a photo posted on the internet might not give you an adequate impression of the property, so it is better to remain skeptical until you have actually seen the property.
Arrange a viewing
If you have the chance you have to go and see the property with your own eyes. Check the property you view for:
- General Condition (fixtures and fittings, layout etc.)
- State of Repair (insulation, heating, plugs, plumbing etc.)
- Structural problems (dampness, cracks in walls or ceilings, crooked doors, damaged foundations etc.)
If you have no possibility to go to Bulgaria to view the property that interests you, you may require more pictures of certain features of the property. Also you may ask for the things that are not described in the advertisement as fixtures and fittings, insulation, heating, plugs, plumbing, etc.
Reservation
Once you have determined which property you wish to buy, you can reserve it either by phone, post or e-mail. You may be required to pay a reservation fee, which is refundable, and the property will be reserved for you for a certain period of time. If the property is sold via Estate Agent you have to call them to secure the deal.
Preliminary Contract and deposit
The next step will be the sign of the preliminary contact and the payment of the deposit. The deposit may vary from 10% to 20% of the purchase cost.
Survey and Valuation
You are basically conducting a mini-survey and valuation every time you view a property. It is also advisable to have a more in-depth inspection and valuation done in order to assess the property’s condition and find out whether the house is actually worth its price.
The Conveyance
After your offer has been accepted, the conveyancing process starts. This includes all the legal and administrative issues that have to be addressed when a property is transferred from one owner to another. The common practice is to hire a solicitor or a licensed conveyancer to deal with the legal aspects. Hiring a professional solicitor has become cheaper and his services are well worth the money.
What the conveyancing process involves Before the exchange of contracts:
- Checking the “title deeds” of the property to find out whether it really belongs to the seller
- Establishing the property’s legal boundaries
- Putting together a list of fixtures, fittings and contents to establish what is to be included in the sale
- Preparing a enquiry form for the vendor to find out about any material or structural defects they are aware of
- Surveying local authority plans for details on upcoming developments that could influence your property’s value
- Negotiating with the seller any repairs or changes to the offer
- Advising you on the draft contract for sale prepared by the vendor’s solicitor
- Arranging the date for the completion and the exchange of contracts
- Handing over the deposit
- Handing over the keys and title deeds
- Paying stamp fees and notary fees
Completing the Sale
The completion date, which has been set in the contract, is the day the house becomes officially yours.
For further information on Bulgarian properties or any aspect of property buying process, visit the new Find Bulgarian Property Portal.
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