Britons living in Bulgaria. Guide to Bulgaria, Sofia and Varna

Don’ts and Do's - Sofia Echo

Don’ts and Do's Sofia Echo, Bulgaria - Sep 4, 2008 In July, JJ arrived in Bulgaria, ready to move in. This time it was other Britons who killed his enthusiasm, he said. Some compatriots, living near JJ’s new ...

Don’ts and Do's - Sofia Echo The rush of Britons and Irish to buy properties in the country in the past several years is well known and scarcely worth commenting on. So, the Briton in question, J.J., contacts the company in October 2007, arrives in Bulgaria, sees the property and decides to buy it. If it were not for the company beating about the bush, as J.J. And he ended up paying more than 65 000 euro. In April 2008, the company’s lawyer called J.J. The deal was to be closed by June 2008 but then it turned out that an extra month was needed for the apartment to be finished because there was no electricity and water. This time it was other Britons who killed his enthusiasm, he said. Some compatriots, living near J.J.’s new apartment, told him that nothing had been done on the property because the constructor had no money left to finish the project. Any property purchase will now experience an interminable set of “problems” […] E-mails are now ignored, phone calls blocked. At the last moment, he cannot be contacted / is unable to attend. Anything to create delay / waste your time and money,” J.J.’s letter said. On August 11 in a desperate attempt to defend his rights, J.J. Eventually, he was arrested and charged with assault in Bourgas but there was no trace of his money.J.J. He only had an errand agreement.After J.J. We then paid them the money and the deal was supposed to complete on March 15 2007. They said there was a problem with the land, which was completely untrue, and they maintained this deceit until they were forced to complete in early March this year.” J.D. He then heard no more from them, again despite what they say in their emails, until after we spoke to him (and contacted them) during a further visit to Bulgaria in January of this year,” J.D. It turned out that police had indeed received tip-offs about the company. One of them had led to a pre-trial investigation.[…] The tip-offs had been received over the past two years and this is the only information I can give you,” the police official said, leaving the whole saga entirely in the hands of Bulgaria’s judiciary.Do’sJ.J and J.D. Clients should look for a longstanding agency on the market, which in the Bulgarian case is 10-15 years because it is a young market,” Stoyanov said. The fact that a company has operated for 10-15 years on the market is a guarantee of quality. Such an agency will want to preserve its image and willn’t let its clients down,” he said. They lack know-how, neither do they know the market or want to know it.”It is also important to check whether the agency is a member of international and Bulgarian organisations. This guarantees quality.Step two is the brokerage contract. It is extremely important because it settles the type of property the client wants, the commission for the agency, the method of payment, the deal’s deadline and the way the contract can be annulled.Step three. Once the company finds its client a property, a consultation with lawyers should follow. Reputable real estate agencies offer such consultations. They either have a judicial department or work with lawyer’s offices. A reliable lawyer’s office will be one, which, just like in the real estate agency’s case, has existed for at least 10-15 years on the market.Step four. It is a sale-trade contract, which settles when the deal will be executed. Usually the deadline is within a month or 45 days. However, a good agency will continue supporting its client until the deal’s execution,” Stoyanov said.Step five. It is important to choose a notary of repute. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be properly credited and provide an active link back to our site.