The Property Buying Process In Bulgaria
Buying property in Bulgaria can be a very wise decision. At the moment the average price is good and you can expect some raise over the next few years and everybody can find what they are looking for, no matter if it is a second home, investment, vacation villa or a combination of the above. On the other hand, the process of looking for the right property can be long, exhausting and sometimes more expensive then you thought, so it is best to be patient and to have in mind a few important tips when buying real estate in Bulgaria.
There are many websites offering properties for sale in every part of the country. The first task when you start looking is to go through those sites and see what's on the market. Take it as preparing your homework, thus when you go to Bulgaria things will be a lot easier and you will not get lost in the real estate ocean. Although there are people buying properties based only on the online information and pictures, who now own a property in Bulgaria without ever visited the country, this is not advisable. As you probably know very well nowadays there might be a huge difference between the reality and the pictures. It is best if you pick 5-8 even 10 properties and visit them with the real estate agent that you chose.
When visiting a property for sale in Bulgaria there are a few important questions that you need to ask. How many potential buyers visited the property before you? Are there any offers made for the property at the moment? Has the electric system been checked in the last year? What kind of repairs have been done to the property? What are the annual taxes for the property? For how long does the seller owns the property and have they been living there?
Another important thing is to take a quick look around the neighborhood and see what the neighbors are like.
In Bulgaria when looking at a real estate people usually bring their camera with them or use their phone to make some pictures. After visiting 5-8 properties you might forget some of the specifics, that's why the pictures are very useful. It is also good to take a tape measure with you. Don't be afraid to use it. After all, you are about to buy a property and you have to know the exact measures. Don't count on what is written on the property ad, sometimes the size of the property is a lot smaller than the announced.
When you find a property that suits you, make an offer. Don't be afraid to negotiate a better price than the announced...
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