How to sell your property
With over 23 years combined experience in the international property scene and investors in property ourselves you can be assured that the team at Plus Property Bansko will be here to support and help you every step of the way.
Understanding the Selling Process
We appreciate that it is always good to know how the selling process works here in Bansko and the main question we’re asked is:
‘Are there any additional costs when selling?’
The associated costs/fees of selling a property in Bansko are as follows:
- Ensure Municipality Tax is Paid Up to Date
- Ensure Maintenance Fee (if applicable) is Paid Up to Date
- Ensure Utility Bills are Paid Up to Date
- Our commission (which is included in Sale Price)
- Official documents the seller is required to provide (approx. 50 €)
- Lawyers Fees – if you need legal representation because you cannot come and sign over personally a Power of Authority will need to be arranged. (The cost of this will vary depending on your individual circumstances)
To help you understand the selling process we’ve laid out below the 3 main stages of selling a property here in Bansko.
The 3 Key Stages of Selling a Property in Bansko
Stage 1: Marketing Your Property For Sale
Register your property with the local Property Agents
In Bansko there is no need (or benefit actually) to limiting yourself to one Property Agent. In fact I would recommend putting your property on with say 3 agents that you are happy to work with. Doing this will increase your coverage with international and local prospective buyers. We would ask for a copy of your Title Deeds and a set of keys for ease of viewings.
Agree a Sales Price Once a sales price has been established I would also strongly suggest that you agree the same price and commission level with all the agents listing your property for professionalism and fairness and also to avoid any confusion with potential buyers.
Stage 2: Once A Buyer Has Been Found
Reservation Deposit and Reservation Agreement
Once an offer has been made and a price has been agreed, the buyer then places a Reservation Deposit (usually with us the agent) and a Reservation Agreement is signed. This is when you need to advise any and all other agents that your property is reserved and so they need to take it off the market and not show it to any more potential buyers.
Appoint a lawyer As the seller it is your obligation to provide the necessary legal documentation required. This is where we are happy to apply for these for you however if you cannot come and sign personally you will need a Power of Authority to be arranged by a lawyer. We know independent local lawyers and will be happy to pass on contact details to you so you can choose one.
Agree a date for Notary This is usually around 4-6 weeks from the signing of the Reservation Agreement and is a mutually convenient date for you and the buyer. On average it takes 3-4 weeks for your lawyer to have all the necessary legally required documentation prepared including a POA if needed.
Decide whether you are coming to sign yourself or whether you want to give a lawyer a Power of Attorney If you are coming back to sign yourself then the Notary Date can be agreed and flights booked. However if it will be difficult for you to return and sign then you can give a lawyer a Power of Attorney to sign on your behalf. This is relatively quick if it is done while you are still in Bulgaria however it can also be done if you are not in Bulgaria. It just takes a little longer and costs a bit more as documents need to be notarized, apostiled and sent by courier.
Stage 3: Completing the Sale
Signing of Title Deeds at Notary
This is the date when you (or your lawyer on your behalf) signs and completes the sale at the Notary. This is when you sign over ownership of the property to the buyer.
Receive The Final Payment At the time of signing the final payment is also made by the buyer to your nominated account. The Title Deeds and registration are transferred to the buyer’s name and they take responsibility of the property. That’s it!
Are you ready to get started?
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Frequently Asked Questions
You can use this guide to familiarize yourself with rules, laws and other important information relating to your property.
Plus-property is specialised in sourcing and selling both newly built and resale properties at reasonable prices reflecting current market conditions. Our clients purchase properties here for holidays, to live here permanently, to rent out and also for long term investment. We offer our clients some of the best properties available and we aim for the best prices in the industry. We are constantly working to find and offer the best quality and location of property at competitive prices.
Our clients know our property deals are competitive so we sell the lower priced property very quickly. Developers are happy to sell their properties with us. Resale owners also place their properties with us to sell. Our clients are happy to buy quality completed properties at reasonable prices in the best areas.
With our experience of the property industry, the team at Property Plus now believe the property prices will start to rise slowly.
This is reflected throughout the major cities and resorts in Bulgaria where small and steady increases have been seen over the last 12 months. We believe the property prices in Bansko will also start to grow as the lower prices evidenced over the last couple of years are starting to fade out. If you are looking to buy a property in Bansko there will not be a better time than now.
We are constantly looking to make your buying process safe and easy, and we introduce all our clients to local legal advice, currency exchange, mortgages where available, property management, furnishing and rentals when required.
For clients specifically looking at property investments, land and development projects we are able to source a selection for you to look at and can discuss associated costs, risks etc.
We offer some of the best properties in Bansko and surrounding villages. We are experienced, honest, professional and easy to work with. Now, with prices still very competitive, is a good time to give us a call.
Working in the Bulgarian property market for many years we have seen the best and worst properties. As we have in-depth knowledge of local areas, infrastructure, complex pedigree and legal information we are able to locate and offer the safest and best deals on the market.
We only work with the best properties and we are able to help you in sourcing the right property for you for the right reasons. We will ask you the right questions such as whether you are looking for high rental income or capital appreciation, furnished property and/or on-site property management, low down payments or pay in full for the lowest price. Whatever your priorities and reasons are, we are able to offer the right property suitable for you.
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