BULGARIAN PROPERTIES Tips for Buying a Property during a Crisis
BULGARIAN PROPERTIES Tips for Buying a Property during a Crisis


1. Use the crisis as best as possible. There will always be demand for residential properties in the bigger cities. Properties are always a safe bet for investors who do not want to take a risk. So do not hesitate whether buying a property during a crisis is worth it. Act now because there might not be such a good opportunity anytime soon.

2. Choose the right moment. Prices do not fall overnight. This is a process which usually takes a few months. Buy while prices are at their lowest. It is difficult to say when exactly prices hit the bottom so seek advice from your experienced real estate agent.

3. Assess your resources well. When prices drop you will feel richer with the money you have as you will find that now with the same amount of money you can buy a much bigger property. However, do not be overenthusiastic, assess your finances well. Dont forget that owning a property means constant expenses for maintenance and taxes. Furthermore, optimize your currency transactions and get the best exchange rates. We recommend the services of Smart Currency Exchange.

4. Buy quality property. Dont be tricked by the lower prices of some properties. Be careful what you buy. During a crisis it is the properties of the lowest quality and with worst location whose prices fall the fastest and the most. Spend more but choose the better quality.

5. Buy properties offered under their market price. During a crisis it is difficult to define the market price. Still, if you are persistent and have luck you might find properties offered for sale at a lower price compared to other similar properties. The reasons for selling a property cheaper can be different for example, urgent need of money, looking for fast sale, underestimation of the market, etc. Try to identify such properties and if they are of good quality buy them, because this is the best possible investment.

6. Negotiate the best price for you. How to get the lowest possible price through negotiations with the seller?

Please register with your e-mail and you will get 5 more useful tips for buying a property during a crisis:



Name:
E-mail:
Comments from clients
I'd like to thank Zdravka and Elene in Veliko Tarnovo for all their help and for making me feel so ...
Please accept my best thanks for your inspired work, responsible attitude to work, care for the ...
Hello i'm Julie,I came back from Bulgaria a couple of weeks ago, having gone there to look for a ...
Find out how we can help you sell your property
Properties on the Bulgarian Black Sea Coast - top selection!
A full range of property insurance products and all other types of insurance policies
Take a viewing trip around the properties with the help of our video clips!
Latest News
The top ski resorts - leaders in sales growth in Bulgaria in Q3 of 2017

15/November/2017
Polina Stoykova MRICS, Managing Director & Head of Research

2017 has set a new beginning for the ski resorts properties in Bulgaria.

Increased activity, including the summer months, increasing volumes of sales, stabilized prices and constantly increasing interest by Bulgarian buyers - these are the main trends for the year that is soon to come to its end.

The main reasons for the increasing attractiveness of the properties i... read more

LATEST REGIONAL NEWS
The Bee Museum in Sofia - showcasing biodiversity and helping people return to their natural environment

29/August/2017
Bnr.bg, Svetlana Dimitrova

Article of BNR

The time when the meaning of the word museum conveyed a sense of tedium dreary buildings filled with boring expositions of items amassed through the centuries and handed down from generation to generation to illustrate historical, cultural or ethnographic developments through the ages is long gone and forgotten. Yes, the collections are still there, but they a... read more

DID YOU KNOW?
Silver Treasure Found near Bulgarias Mezdra

24/October/2017
http://www.novinite.com

A treasure of 187 silver Roman imperial coins was discovered during excavation works in the town of Mezdra, North-West Bulgaria. It has a great cultural-historical and numismatic value, experts say.

The silver treasure was in a clay pot and was found under the roots of an old tree. His... read more