For buyers

The stages that go through when buying a vacation property are the following:

1. Selection of a holiday property. If you cannot find what you are looking for yourself, we can help you with the selection. Send us the basic criteria of the property you are looking for using the inquiry form above and we will get back to you.
   2. Organization of inspection. Once you have selected properties, we will arrange a viewing at a time convenient for you so that you can familiarize yourself with the property on site.
   3. Property selection. One of the most important steps is to make the right choice of property. For this purpose, 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’ve made your choice, we’ll negotiate with the owner about the terms of the deal and agree on the price you’re willing to pay.
   5. Deposit payment. 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. Property inspection. One of the important stages is to determine whether the property has material encumbrances or court foreclosures.
   7. Preliminary contract. A step that is recommended but not mandatory. The owner may request payment of a portion of the sale 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 Civil Code, 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, terms, penalties, etc.
   8. Preparation of documents. After a preliminary contract is signed and the buyer has paid part of the price, the seller must obtain the documents necessary to finalize the transaction in front of a notary. Usually the transaction is finalized within 1 month, but it can be done in shorter terms as the documents can be issued by express order. At this stage, a draft for the Notary Act is being prepared.
   9. Finalization of the transaction. The last stage is the signing of a final purchase and sale agreement through notarization (Notary Deed), through which the seller transfers ownership of the property to the buyer. On the day of the transaction, a second inspection of the property for the absence of encumbrances and foreclosures is mandatory. The buyer can require the seller to provide a “Certificate of Encumbrances” (CERT) on the day of the transaction, which is issued on the same day, or obtain one himself from the Registry Offices.
   10. Property declaration after purchase. After the property has been acquired, it should be declared in 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 period in which the acquired property should be declared is 2 months from the date of the transaction.

1. Local tax. This is a tax that is paid once upon acquisition of immovable property in a compensatory way according to Art. 49, para. 1 of ZMDT, and is paid in the municipality of the location of the real estate. The basis for its calculation is the value of the transaction or the tax assessment. It is different in different municipalities. For sea and mountain areas, it varies from 2% to 3%.
   2. Notary fee. It is calculated according to the rates for notary fees according to the Law on Notaries and Notarial Activities.
   Transaction registration fee. The transaction signed in front of a notary is subject to registration (entry) in the Registration Agency, for which a state fee is due, which is 0.1% of the sales price.
   3. Commission for the intermediary. The remuneration that the buyer owes the intermediary may or may not be different. Usually the commission amount is around 2% – 3%.
   4. Bank transfer fee. According to the Law on the Limitation of Cash Payments, no more than BGN 10,000 can be paid in cash, therefore the amount for the purchase and sale of the property must be transferred by bank transfer, for which a bank fee is due.

1. Местен данък. Това е данък, който се заплаща еднократно при придобиване на недвижимо имущество по възмезден начин съгласно чл. 49, ал. 1 от ЗМДТ, и се заплаща в общината по местонахождението на недвижимия имот. Основа за неговото изчисляване е стойност на сделката или данъчната оценка. В различните общини той е различен. За морските и планинските райони той варира от 2% до 3%.
2. Нотариална такса. Тя се изчислява по тарифите за нотариалните такси съгласно Закона за нотариусите и нотариалната дейност.
3. Такса вписване на сделката. Подписаната пред нотариус сделка подлежи на регистриране (вписване) в Агенцията по вписванията, за което се дължи държавна такса, която е в размер на 0,1% върху продажната цена.
4. Комисионна за посредника. Възнаграждението, което купувача дължи на посредника може да е различно, а може и да няма такова. Обикновено размерът на комисиона е около 2% – 3%.
5. Такса за банков превод. Съгласно Закона за ограничаване на плащанията в брой (ЗОПБ), в брой не могат да се плащат повече от 10,000 лева, за това сумата за покупко-продажбата на имота следва да бъде преведена по банков път, за което се дължи банкова такса.

First of all, you need to decide which destination you prefer the most for your vacation – seaside or mountain. The choice of vacation properties is large, but there are many details that you should familiarize yourself with before making your choice. You need to get to know the area well, what kind of 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 service charge that is paid and many more. We know the market well and can help you choose a vacation property.

As 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. That is why the investor, who is the owner of the land on which the complex is built, or an external facility management company, collect an annual fee from all owners. Definitely, a well-maintained complex is a better investment decision than one without maintenance.

Since in most cases the vacation properties are located in residential complexes of a closed type, the management of their common parts is regulated according to the provisions of Article 2 of the Law on the Management of Condominiums. According to the law, maintenance relations are regulated in a written contract with notarization, between the investor and the owners of individual objects in the building. When relationships are regulated in a similar way, their mandatory nature follows from this. For this reason, it is good to agree on the terms of the contract for maintenance and management of the common areas during the negotiation process.