Survivial Guide OFF PLAN - Property
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Again - no offshore and Bahama-mama banks. All your payments should be paid only via bank transfer and to bank account of the developer in Bulgaria. At the end of the day it is your money that will be spend. Avoid like hell any "guaranteed returns" or all other scams where you will neither use your apartment and at the end of the year it will appear that have not easrned anything from it or even if there is something it will be far less from what was promissed.10. Do not believe that you will save some money, blah-blah, you will only help developer to avoid paying taxes. Do not pay any reservation fee, deposits or other advanced payments without making sure that you will get a full refund in case that for whatever reason you decide later on not to buy. Do not use the lawyer recommended by the estate agent. If you have a chance: do not bind yourself with property maintenance all any other sorts of additional contracts. It is good also any such documents to be reviewed by a lawyer before you commit.3. Later on all this "tricks" will hit you like bomerang, but this time the loss will be only for you.8. Make sure that you are not signing the contract with an offshore or another sort of Bahama-mama (banana) company.5. Make sure that you have all the contracts in both English and Bulgarian and they are thorughly checked by your lawyer. No "tax valuation" and another money "saving" tricks. Read again all points above, if you want of course. Search on the internet for lawyers or ask a friend but do not even think of buying property without a lawyer.2. So far no developer had provided decent maintnance and it is very likely that you will pay just for nothing while still need somebody to provide the maintenance.9. The Survivor's OFF PLAN Survival Guide to the Bulgarian Property Jungle.1. There is explicit provision that the full price will be stated on the Title Deed when the property is finished.
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