Selling Property In Bulgaria

Selling a property in Bulgaria can be a very stressful as well as a very straightforward task. All depends on the knowledge on the prospective seller in the process of sale and of course a little bit of luck! To make your property sale experience in Bulgaraia hassle free, the team of Collins Estates recommend you a couple of tips in the proceeds of sale:

USEFULL TIPS IN THE PROPERTY SALE PROCESS:

1/ EXCLUSIVE SALE MANDATE!

Exclusivity is the most effective way to sell your property in Bulgaria in a due course of time. We strongly advice sellers against using multiple agents to market their property. The perceived value can be achieved if the property is not being market to a number of real estate agents. Nowadays buyers are shopping around and if they note that one and the same property is being offered by different agents, they start playing with the agents to gain the best low price for them. This inevitably will affect the seller as the brokers start pressurising him to reduce the price to “catch” the buyer. Exclusivity guarantees the seller that he will receive the NET price which has been stipulated in the agency agreement. Furthermore, a contract with one agency saves time and simplifies the property sale process for the owner. Our experience also shows that exclusive properties sell faster as the real estate agent has got the interest to concentrate in the sale of this particular property, to complete the sale and receive the remuneration.

2/ PROFESSIONAL LEGAL ASSISTANCE !

It’s not obligatory according to the Bulgarian property law to seek for a legal assistance by selling a property in Bulgaria, but we highly recommend to do so, as that way you can avoid possible complicity in the sale process as well as scams. The solicitor is the one who is going to prepare a legal service contract where all the important conditions will be determined as well as the sale price and the way of payment. Also, many people have been advised at the beginning of the so called “boom” of property sales in Bulgaria to set up companies in the name of which to purchase apartments, houses, etc. This involves collaboration between property solicitor and a good accountant!  The legal fees vary depending the complicity and the amount of work the solicitor will be involved. We, from Collins Estates in collaboration with Collins Solicitors are happy to provide FREE LEGAL SERVICES to all our clients who are buying of selling properties with us!

3/ GETTING THE PROPERTY READY FOR SALE!

Many owners think that to sell a property, you can just call an agent and ask him to put in on the market. That’s completely wrong! There is no professional real estate agent who will put a property in their listings just like that. There is a long preparation process which starts with complete legal check of the property in the Property /Land register, Tax office, etc. A professional agent will make all the necessary checks on the property before start marketing it. We, from Collins Estates guarantee that we go through all the check stages, before we release a property in our listings. It’s very important for us the clients to give us their trust and get all the documents ready before we start offering their property. Once we have go all the documents in place to prove the ownership, we can the go ahead, clean up and freshened up the property at our expense, take good professional pictures and make the sale happen! The actual sale is then quite simple! We know our stuff and that’s why people are feeling comfortable working with us! And when the sale is completed, the buyer has his new property, the seller has received his money, the biggest price for us is to see everyone satisfied and happy …. giving us a good testimony which makes every other customer more content using our services!