How to buy an apartment in Bulgaria

Buy an apartment in Bulgaria can any individual, even if it is not a citizen of the European Union. Comfortable climate accommodation, low crime, the presence of resorts suitable for summer and winter holidays and the lack of a language barrier make an attractive acquisition of real estate in this country. Read in this material about what steps you need to take to purchase.

The choice of apartment in Bulgaria is better to carry out after a small study, based on the following parameters:

Budget. What amount are you ready to spend? Note that in addition to buying expenses, you will have to incur overhead of paperwork.
Mortgage in the bank. Will you buy an apartment for your own funds or use the loan? The initial fee must be at least 30%.
Purchase goal: temporary or permanent accommodation, renting.
Are such criteria as infrastructure, internet access, view from the window, sights?
There are both mountainous and beach resorts in Bulgaria. Decide what is preferable for you.

To search for a suitable apartment option, you can use Bulgarian sites about buying and selling real estate or contact the real estate agency. The second option is suitable for those who do not want to spend their time on an independent selection. But for the provision of such services will have to pay the commission.

You can buy an apartment in Bulgaria without leaving the object, but experts recommend to do it only if you personally know the seller and trust him. In all other cases, it is better to personally inspect the property.

To travel to Bulgaria, checks the object and design of the transaction you will need:

Apply for a visa. This can be done by contacting the Bulgarian Embassy, \u200b\u200bor through a travel agency.
Decide with the timing of the trip, based on the number of meetings with sellers. Book tickets.
Think out a cash transfer option. It may be a translation into a billing account in the Bulgarian bank.
If you take a mortgage, prepare a set of documents.
Connect international roaming and ensure that there are funds on a mobile phone account.

After the choice of the property, it must be consistent with the bank if you get it in the mortgage. The real estate company will make you a preliminary contract for which you pay the deposit seller.

The seller must prepare documents for making a deal. At this time, you sign documents with the bank. After that, the contract of sale, which is signed by the notary. Commission notary make up 5% of the transaction amount. If the purchase is carried out without attracting credit funds, then on the day of the conclusion of the transaction you translate the balance of the amount to the seller's account. In the case of mortgage, money will be transferred by the bank after registration of the contract of deposit.

After the conclusion of the transaction, you will need to register real estate in the tax inspectorate and conclude an agreement with the communal service. In Bulstat, after registration, the tax number will be issued. If the transaction is issued with a mortgage, then the contract of collateral is recorded in the notary, after which the burden on property is established. These documents are presented to the bank. You will be given a schedule of payments.

Experts recommend buying ready accommodation and do not invest cash in facilities under construction. In addition to the mortgage, some sellers offer sale in installments. An apartment in Bulgaria can be bought with both minimal finish and with a complete set of furniture.