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How to Sell Property in Bulgaria: Points to Consider

 


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House Sales Bulgaria ( http://www.housesalesbulgaria.com/) is one of the web’s leading experts on property in Bulgaria, listing thousands of the best properties for those interested in buying real estate in Bulgaria, helping countless vendors sell their property in Bulgaria and keeping abreast with the very latest property news in Bulgaria. If you’re looking to sell property in Bulgaria, here is House Sales Bulgaria’s advice on things to take particular consideration of as you go through the process.

As with selling real estate in any country, when you sell property in Bulgaria there are some things to take particular note of to ensure that the transaction goes smoothly. First, you have to find your buyer, and the importance of what is an obvious starting point can’t be overstated in this current market. Real estate in Bulgaria has been affected by the global financial crisis (just as most real estate markets around the world have been affected). That doesn’t mean that no one wants to buy Bulgarian property, but that it’s more important than ever to get your property in front of the people that do.

Use a listings service that harnesses the power of the internet to best capture the most people searching for real estate in Bulgaria online. List your property only with companies that understand the Bulgarian property market today and not that of five years ago, and companies that have access to groups of potential buyers. For instance, statistics show that Russian investors are currently accounting for a large market of buyers of Bulgarian property. How can your property listing company achieve maximum visibility of your property to the market which is most likely to buy right now? Take factors such as these into consideration and your property in Bulgaria will be matched with it’s buyer as soon as possible.

Once you have found your buyer and agreed on a price, ensure you take a deposit of at least 10% of the agreed sale price. At this stage, if not before, make sure you have legal experts experienced in property in Bulgaria to help you draw up the preliminary contract between yourself and your buyer. This initial contract will detail the new Title Deed and the payment of the agreed sale price. Your legal expert will help to arrange the draft of the new Title Deed and other documentation such as a tax evaluation of the property. You will then need to appear at the Notary Public for the execution of the new Title Deed and to receive the remaining balance of the property sale price from your buyer. If you are not able to appear in person, you can appoint your lawyer in Bulgaria to appear on your behalf.

Just as every property is different, every property transaction is different, however if you follow these tips when you come to sell property in Bulgaria , you can make sure that the process goes quickly, smoothly and – above all – legally.

Find further information at http://www.housesalesbulgaria.com/ , from market analysis and breaking news on the real estate market in Bulgaria to processes and best practice when buying and selling.

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