Today is
 
    Home

 

 
TERMS & CONDITIONS

 

Service Fees

 

During the initial meeting in Bulgaria, clients will be required to make a payment of £50 to a HomeSolutionsBG representative, to initiate their property search and viewing trip. This payment will contribute to the costs connected with viewings for our clients. The payment of £50 will be offset against the buyer's commission due on the completion of any sale, within a maximum period of six months. It will not be refundable in any other circumstances.

 

Buyer's Commission

 

Clients will be required to pay the appropriate buyer's commission at the time of signing the preliminary contract. The current commission scale being: 


  • 4% for properties up to 35 000 EURO - with a minimum commission fee of 1000 EURO
  • 3% for properties over 35 000 EURO

Please note:If the appropriate buyer's commission is not received at the agreed time, the right not to transact legal completion of the purchase is reserved.

 

Company Registration

 

Due to the restrictions placed on foreigners, individuals are not able to buy land. However, if you register a Bulgarian Limited Liability Company, with yourself/yourselves as directors, the Company is legally entitled to own land. Our associates  lawyer's are able to undertake all work necessary to complete this on your behalf for a fixed fee of £500. 

 

During the period of processing and incorporation of your Company to the Commercial registrar of the district court, a Company titled Bank account must remain open and hold a minimum deposit of 3500 leva (c. £1250).

 

Additional Costs

Buyers of Bulgarian properties are also required to make the following payments - 
  • Municipal Tax: 2% of the property purchase price. 
  • Regional Court Tax: c. 0.1%
  • Notary Fees: 0.1% - 1.5%        Notary cost calculator »

During the course of completing your property purchase certain translation costs will be incurred - these are likely to be c. £50 - £75. 

 

Personal Insurance

 

HomeSolutionsBG does not accept any liability whatsoever for injury, damage or loss caused by any reason or for any claim made as a result of their clients visiting Bulgaria. It is the responsibility of clients to take out an adequate insurance policy(ies) to cover all likely risks.

 

Be Aware

 

Clients are advised that Bulgaria is in a period of rapid transition. As a result of this you need to be aware the legal terms and conditions on which you purchase your property under current law, may be affected by future changes in legislation.

<<  BACK TO  TOP >>

 

 
© 2005 HomeSolutionsBG Ltd.