Advice on how to sell a property in Bulgaria
Hundreds of people bought property in Bulgaria during the late 1990s-2000s because nice holiday home apartments were very cheap in comparison to other European countries and Bulgaria was considered an up and coming country and the properties were nearly guaranteed to double, sometimes triple in their value, over the next ten years or so. Many properties did see an increase in their value, but many others did not especially those on the coast and in the ski resorts. Because of this, many property investors now wan to get rid of their property and there are a few parameters you should follow to sell your property in Bulgaria. Selling property in Bulgaria can be a very aggravating because there are so many bureaucratic procedures that must be followed in order for the sale of a property to be legal. The entire process can take up to 6 weeks from the sale of the property to the deposit of your funds.
Once you have found a buyer, agreed on a price you should make sure that this price is written down and signed by both parties. It is important that a deposit is taken and this is usually held by your property agent. A reservation deposit should be 1000 euro- 2000 euro, to ensure the buyer has serious intentions about purchasing your property. Once this phase is complete, scan and send all the documents to the agent who is assisting you with sale. There are numerous pages of paperwork that are required to complete the deal and often times it takes the agent some time to complete everything. One of the final steps in selling property in Bulgaria is to have a notary inspect all the documents. Once this is done and the deed for the property is in the new property owner’s name, it is just a matter of a few days before the money for the sale is deposited into your bank account.
To sale an apartment in Sunny Beach doesn’t differ at all from the information above, but there are a few tips that may help you sale the property faster. The first thing is to take lots of pictures of your property and it would also help to send thhe agent a copy of the apartment’s floor plan to go alongside pictures when the internet marketing begins. A good rule of thumb is to also make sure the apartment and rooms are clean, presentable and that the property is in a reasonably good condition for the selling.
Before allowing someone to view your apartment, make a few cosmetic changes to it, or in other words, stage it. Fresh flowers, a new rug or lighting fixture, or even something simple as reorganizing the furniture, can make a world of difference when someone comes in to view a home. This will definitely make selling an apartment in Sunny Beach faster and a more pleasant experience.
Even though selling property in Bulgaria can be more of a headache than learning experience, by following the above directions and having a little patience, the process should be easy enough. By having a representative or agent walk you through the paperwork and process of the sale, you will have your property sold in a matter of no time.
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