Apartments for sale in Bulgaria in installments: is it safe?
To buy property in installments from the Builder is safe under two conditions:
Buying an apartment in installments is made from a trusted developer.
Before you purchase real estate check of legal cleanliness of object.
Let us consider these conditions in more detail.
Trusted Builder
The purchase of a house from a trusted developer is not only safe, but also convenient. No need to pay immediately the full amount. She is paid a uniform installments over 2-10 years. Besides, the normal developer in addition to the registration of a notarial deed with a security Deposit can offer interest-free installments (higher initial fee and lower the leasing period, the more advantageous terms for the customer).
For example, the complex "Fort Knox" in St. Vlas offers installments on the following conditions:
up to 12 months - interest free.
up to 2 years - 3.6%.
from 4 to 7 years - 6.5% per annum (50% lower than the average interest rate on the mortgage).
What he is is a proven developer? To find it we recommend you to pay attention to the following criteria:
how much years it works in the real estate market;
the amount of time put objects;
the number of long-term construction.
In addition, you can find additional information about the company (e.g. articles of Association, annual reports, history, problems) on the website http://www.brra.bg/.
Recommendation: I'm Afraid that the Builder will hand over the object at the wrong time? We can insure - to negotiate and specify in the contract the liability of the Builder.
Check for cleanliness
Even if you hit the seller with an impeccable reputation, be sure to request a certificate of non-encumbrance from the court. It is best if tested for purity will carry out a disinterested, qualified lawyers.
Want to safely buy an apartment in installments – please contact Bulgarian home (BolgarskiyDom.com). In 11 years of activity we have helped hundreds of clients to choose a reliable Builder. We will help you:
To choose a trusted Builder and best conditions of payment by installments;
Check the apartment for cleanliness and absence of encumbrances;
Competently to make the contract with the developer;
Inform themselves about the issues that come with apartment or land in the property registry electronic www.icadastre.bg. In this resource, posted public information that is available to every registered user.
