1. Selecting a property.
2. After selecting the property, a reservation amount (reservation/deposit) of 2,000 euros is paid - this amount is included in the price of the property. The reservation amount is paid, based on the property reservation agreement, in cash or to the bank account of the Happy Propertybg Lawyer. The reservation agreement specifies the description and cost of the property, the reservation amount, the terms of transfer of ownership by a notarial deed. The property is removed from sale and the price is fixed. The process of preparing the documents for the transaction begins. The time frame for preparing the documents depends on several factors, for example: if the Seller lives in Bulgaria - the preparation of the documents takes from 3 to 14 days, if the Seller lives in another country, outside of Bulgaria - the preparation of the documents takes from 7 days to 2 months.
3. At the request of the parties or as necessary, the parties may conclude a preliminary agreement. A preliminary purchase and sale agreement describes in detail the main terms and parameters of the transaction: location and full description of the property, price, forms and terms of payment, rights and obligations of the seller and buyer, penalties from both parties for fulfilling obligations and various additional terms by agreement. A preliminary agreement is concluded if the buyer takes out a loan from a bank or the transaction provides for a period of more than two months.
4. As a rule, when buying secondary housing, a preliminary agreement is not concluded, only a reservation agreement is sufficient.
5. The seller is obliged to prepare all relevant documents required for a notarial transaction.
6. A notarial act on the transfer of property rights is signed by a notary.
7. The buyer transfers the remaining amount from the sale price minus the reservation amount to the seller's bank account or to the bank account of the LAWYER, as the authorized person for the transaction. The monetary settlement is made immediately after the signing of the notarial deed before the notary, but before the registration of the transaction and the entry of the Notarial Deed in the property register of the Registration Agency.
8. After receiving the final amount for the transaction, the seller or his authorized person confirms this fact to the notary.
9. The notary, after receiving confirmation of receipt of the full sale amount, completes the necessary actions to register the transaction and enter the Notarial Deed in the property register of the Registration Agency, certifies it with his signature and submits it to the district court.
10. The judge makes changes to the state register, a note is also made in the notarial act itself. Registration in the state register takes from 3 to 5 days.
11. The Buyer and the Seller, or their authorized representatives, receive their copies from the notary after their registration in the state register.
