Explanation of the property buying process in Bulgaria :

After you have made the decision to buy a certain property you need to place a deposit in order to reserve it. The deposit is 10% (in some occasions could be 20% or 30%, it depends on the vendor's decision) of the selling price. Please note that our commission of 3% (or EUR500.00 whichever amount is greater) must be paid together with the reservation deposit and it is non-refundable. Upon receipt of cleared funds we will take the property off the market for a period of 30 days. During this period of time you need to start the purchase and pay the rest of the property price.

The reservation deposit of 10% (20%, 30%) is refunded when you complete on your purchase. This means that you will pay 10% (20%, 30%) less on the completion day.
If the vendor pulls out of the deal the reservation deposit can be transferred to another property we sell, or if you decide not to buy then we will make a full refund of the money you have paid so far.
You can also reserve the property by paying a deposit equal to the full price. This amount will be treated as a reservation deposit and the reservation deposit terms will apply. Please see the previous paragraph.

All deposit funds must be paid into our UK bank account:

HSBC
Bulgarian Property Advisors
Sort code 40-09-06
Acc. No. 51547674

or our Bulgarian account:

Bulgarian Properties Ltd

First Investment Bank - branch Veliko Tarnovo, Bulgaria

IBAN: BG22 FINV 9150 10EU R0K6 LP   

Swift Code (BIC): FINVBGSF

Address of the bank: 5 Bacho Kiro, 5000 Veliko Tarnovo, Bulgaria

We will not be responsible for deposits paid into a different account number!!!

Our practice shows that most of the Bulgarian properties are being sold very quickly due to the booming market in Bulgaria. If you find a property on our website that you really want to own, we recommend that you reserve that property by placing a deposit to secure it and arrange viewing later in order to avoid disappointment.
If you have not decided yet, you can see many properties (depends on how much time you have to spend in Bulgaria) in different regions of Bulgaria. Please note that we receive many properties for sale on a daily basis and we can always offer you something, which has not been published yet.
Before making an investment in the Bulgarian Real Estate Market you should first carefully consider several important factors:
Trading in Bulgaria is slightly different as it is in every country. The Bulgarian Legislature is not yet entirely unified with the other European countries Legislature or the EU regulations. The Bulgarian State is regularly issuing new laws which gradually synchronize our legal system with that of the European Union before entering the EU.
Until then for example every vendor will have the right to promote his property with the help of as many agencies as he/she wants. In a result, there is an immense interest from many clients in one and the same property. The clients are all competing with each other if they decide to proceed with reservation. Sometimes during the process of paying the money for the reservation of a property, which takes up to 5 days the property can be bought by someone else who has managed to reach first the vendor. It is the way the market in Bulgaria is developing.
However, we will quickly proceed with the reservation, but there is always a risk of somebody competing unfairly and stealing the deal.
Bulgarian Property Advisors Ltd is not responsible for any deal lost through competition with other agencies. The money already paid into our bank account for the reservation of the "lost" property/s can be transferred for the reservation of other properties offered by us or can be transferred to your bank account. It will be your decision.
Other reasons for "losing" a deal are the difficulties of reaching the vendors simply because the areas chosen for investment are very rural and not many vendors have cell phones. This practice takes time, although we do our best to get to the vendors as quickly as possible.
In any case, the vast majority of properties for sale on the Bulgarian Real Estate Market in Bulgaria are in the rural farming areas near towns and cities which means that the properties need full renovation and redecoration and sometimes they have structural damages.
All of these Bulgarian properties have similar characteristics and need similar amount of money for renovation so if you lose one deal you can always choose another.
We recommend our clients to be ready to pay the reservation deposits for the properties they like as quickly as possible in order to avoid any disappointments.
In order to avoid any disappointments, we recommend our customers to visit the properties first, before buying them. We will not be responsible for the properties, bought online, without visiting in Bulgaria! This means that If you decide to buy on line, you will be buying at your own risk. We agree to supply our customers with as much information as possible, however some differences regarding the quality, size of the property/garden, water and electricity supply, phone lines and fences of the property may occur!

Important notice:
All foreign buyers purchasing real estate property must be aware that in Bulgaria there are such terms as "tax estimation price" and "purchase price". The "tax estimation price" (similar to "ratable value" in UK) is for the purposes of real estate taxation and is much lower than the actual selling (purchase) price.
Most of the Bulgarian property owners (vendors) wish that the "tax estimation price" (ratable value) is written in the title deed, and not the selling (asking) price which the buyers are paying, so due to this practice there might be discrepancies between the price you are paying and the price written in the title deed. This is because of various reasons and Bulgarian Property Advisors Ltd can not be responsible for it. Even if the property buyer wishes that the purchasing price is written in the property title deed we can not guarantee that this will be accepted by the vendor.