You've been looking for a holiday property in Bulgaria but you are not confident that you know the market well. You can't decide - sea or mountain, northern or southern Black Sea. We can help you with this difficult task. We know the holiday property market well and its specifics. When buying a property, one is biased because it is related to feeling, sympathy and can be misleading in making a decision, especially when it comes to vacation properties. That is why unbiased professional advice is especially important at such a time.
How does it work?
Contact our consultant We are always at your disposal to answer your questions, no matter what they are. Everyone is important to us! Property selection We can find a suitable property for purchase or rent, according to your individual criteria - we will consult you, make an analysis and find the most correct purchase decision. Buy at the best price We only work with one side of the transaction and protect your interests as a buyer. This is how we guarantee you a purchase at the best price! Our mission is professional and quality service to customers looking for a vacation property with the purpose of purchase. We guarantee that the selection of real estate will be a quick and easy process, fully complying with their criteria. Our vision is aimed at building a sustainable business model, with a constant increase in the quality of the services offered. In our daily activities, we put passion and dedication, which, in combination with the skills accumulated over the years, makes us a desirable and reliable partner in the face of our customers.
We are guided by ethical and moral norms, which are the basis of our company policy, daily activities and behavior.
Veselin Marinov
CEO
WHY CHOOSE US?
Our focus is on working with the one party we represent.
To you as a buyer looking for real estate with the purpose of purchase, we can offer an individual selection. We know the holiday property market well, we cooperate with many investors and private sellers, but also with a large partner network.
Frequently asked questions from buyers
The stages of buying a vacation property are as follows:
1. Selecting a vacation property. If you cannot find what you are looking for yourself, we can help you with the selection. Send us the main criteria of the property you are looking for using the inquiry form above and we will contact you.
2. Arranging a viewing. Once you have selected properties, we will arrange a viewing at a convenient time for you so that you can get to know the property on site.
3. Selecting a property. One of the most important steps is to make the right choice of vacation property. To this end, we will help you with advice, and we will not spare you the shortcomings that we know about.
4. Negotiating terms and price. Once you have made your choice, we will negotiate with the owner about the terms of the transaction, and we will agree on the price you are willing to pay.
5. Payment of a deposit. At this stage, a “stop deposit” must be paid to stop the property from being sold. The amount depends on the price of the property, but most often it is in the amount of 1000 euros.
6. Inspection of the property. One of the most responsible stages is to determine whether the property has any encumbrances or court foreclosures.
7. Preliminary contract. A stage that is recommended but not mandatory. The owner may request payment of part of the sales price (10%) before starting the preparation of the documents. For this, it is good to conclude a preliminary agreement. According to Art. 19 of the ZZD, the preliminary contract must be concluded in writing. It describes the conditions under which the transaction will be finalized through a notarized contract (Notarial Deed), the rights and obligations of the parties, the method of payment, deadlines, penalties, etc.
8. Preparation of documents. After a preliminary contract has been signed and the buyer has paid part of the price, the seller must obtain the documents necessary to finalize the transaction before a notary. Usually, the transaction is finalized within 1 month, but this can also happen in a shorter period, since the documents can be issued by express order. At this stage, a draft Notarial Deed is prepared.
9. Finalization of the transaction. The last stage is the signing of a final purchase and sale contract through notarial certification (Notarial Deed), through which the seller transfers ownership of the property to the buyer. It is mandatory that a second inspection of the property be carried out on the day of the transaction for the absence of encumbrances and foreclosures. The buyer may require the seller to provide a “Certificate of Encumbrances” (CE) on the day of the transaction, which is issued on the same day, or to obtain one from the Registry Offices.
10. Declaration of the property after purchase. After the property has been acquired, it must be declared to the tax office at the location of the property, by submitting a tax return under Art. 14 of the ZMDT. This is an obligation of the new owner, for which he is responsible. The legal deadline within which the acquired property must be declared is 2 months from the date of the transaction.
1. Local tax. This is a tax that is paid once upon acquiring real estate for a fee in accordance with Art. 49, para. 1 of the Real Estate Tax Act, and is paid in the municipality where the real estate is located. The basis for its calculation is the value of the transaction or the tax assessment. It is different in different municipalities. For coastal and mountainous areas, it varies from 2% to 3%.
2. Notary fee. It is calculated according to the tariffs for notary fees according to the Notary and Notary Activities Act.
3. Transaction registration fee. The transaction signed before a notary is subject to registration (registration) in the Registry Agency, for which a state fee is due, which is 0.1% of the sales price.
4. Commission for the intermediary. The remuneration, which is owed to the intermediary, is usually 3.6%.
5. Bank transfer fee. According to the Cash Payments Restriction Act (CPA), no more than 10,000 leva can be paid in cash, therefore the amount for the purchase and sale of the property should be transferred by bank transfer, for which a bank fee is due.
The fee that the buyer owes us as an intermediary may vary, or may not exist. Usually, in cases where a commission is due to us, it is 2% of the value of the property, plus a 1.6% commission for legal services. If you have your own lawyer and want to work with him, then you only owe us a 2% commission. For the majority of our vacation property transactions, we do not charge a commission from the buyer!
First of all, you need to decide which destination you prefer the most – sea or mountain. The choice of vacation properties is large but there are many details that you need to familiarize yourself with before making your choice. You need to get to know the area well, what infrastructure and amenities it has. It is also good to know details about the complex in which the property is located, how the common areas are maintained, the amount of the service fee and much more. We know the market well and can help you with choosing a vacation property.
Since most holiday properties are part of large gated complexes (holiday villages) that have infrastructure – swimming pools, gardens with green areas, playgrounds, live security and much more – maintenance is particularly important to ensure the comfort of all residents. This is why the investor, who owns the land on which the complex is built, or an external facility management company, collects an annual fee from all owners. A well-maintained complex is definitely a better investment decision than one without maintenance.
Since in most cases vacation properties are located in gated residential complexes, the management of their common areas is regulated in accordance with the provisions of Article 2 of the Condominium Management Act (the Condominium Management Act). According to the law, maintenance relations are regulated in a written contract with notarization, between the investor and the owners of individual units in the building. When the relationships are regulated in a similar way, their mandatory nature follows from this. Therefore, it is good to agree on the terms of the contract for maintenance and management of the common areas during the negotiation process.