23:17 July 06 2008

Inspection trips

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• How long will it take to buy a property?
• Are there any restrictions for foreigners?
• Do you offer any After Sales Service?
• Do I pay any fees or charges to Century Homes Ltd.?
• Do I need visa to travel to Bulgaria?
• Do you offer advice on investment?
• What actions should be taken to purchasing a property in Bulgaria?
• Can I use my own solicitor?
• How do I find out about newest and latest opportunities?
• What happens after I register for investor ? am I obliged to buy?
• What type of properties do you offer?
• How do I buy property through Century Homes Ltd.?

How long will it take to buy a property?

Generally it will take 4 weeks to buy a property. This is dependent on a number of factors, not all of which are in your control. Once you have decided on a property, contact will be made with the seller or his estate agent. The terms and conditions of the sale can be negotiated very quickly, depending on how easily we can instruct an independent surveyor to assess the property, which is our usual practice. It is important to have an accurate picture of the of the condition of the property, likely repairs that will be needed and its consequent value. Usually a surveyor can prepare a report within a week of instructions. The legal title to the property can be checked at the Land Register in a day or two. Searches with the local authority, trying to confirm the uses and building permissions associated with the property, will similarly take several days. The Preliminary Contact is then exchanged and a deposit paid. There is then a period of, at maximum, a few days while the money transfer is arranged and any final checks made. The sale will take place in front of a Notary at an agreed date and time.

Are there any restrictions for foreigners?

According to the Bulgarian Constitution, foreign individual person can buy buildings but not land. Therefore the most common method for foreigners buying property in Bulgaria is to set up a company which then owns the land and the buildings. We can organize the entire process from start to finish, together with all aspects of conveyancing. We expect the law to change within the short to medium terms as Bulgaria opens its doors fully in the line with its expected entry into the European Union (2007). This historic restriction is one of the reasons why property in Bulgaria is so compared to Western and Central Europe.

Do you offer any After Sales Service?

In the essence we aim to provide our customers with the best real estateAfter Sales Service possible. We are committed to achieving this right a way from your first visit, through choosing your property to after sales ongoing support that honored us by choosing Century Homes Ltd.

• Electrical appliance
• Furniture
• Interior Designing
• Landscaping, Garden design
• Assistance in buying a car
• House cleaning
• Repairing work
• Letting
• Management and maintenance, life, health, property and casualty insurance, as well as pension funds products
• Monthly visit

Do I pay any fees or charges to Century Homes Ltd.?

View our fees and commissions .
No hidden costs and surprises.

Do I need visa to travel to Bulgaria?

UK passport holders do not require a visa in order to visit Bulgaria for a period of 30 days. Long-term visa (D) can be obtained from the Bulgarian Embassy service in London. For further information please contact Visa information for Bulgaria - www.bulgarianembassy.org.uk/visa/visainfo.htm

Do you offer advice on investment?

Century Homes Ltd. are not licensed as investment advisors, but our team have a lot of experience and knowledge and we always can give you our advice for key property areas with investment opportunities.

What actions should be taken to purchasing a property in Bulgaria?

Find the property that matches your requirements
Please note that a non Bulgarian Citizen can own land only by registering a company and after that can acquire legal ownership of the land. The formation of the company is not required if you buy an apartment.

• Setting up a Limited Liability Company. You will need to give Power of Attorney to our Lawyer and open a bank account depositing 5000 lv. founding capital, which can be withdrawn from the bank after the registration is completed. Look our Tax Advice Service.
• Signing a preliminary /agency/ contract, which protects your rights as a buyer and authorizes Century Homes Ltd. to organize the process of buying and to finalize the deal. You need to deposit 10% of the purchase price. The deposit and the agency fee is non refundable in the event the sale is not completed as a result of the buyer. The deposit, our agency fee and commission must be paid (which are itemized in the agency contract) at the time of signing the pre-contract.
• Checking and preparing all the documents for changing the ownership, which activities are part of the agency?s obligations, detailed in the agency contract and includes all the taxes and fees notary fees, lawyer fees, contracts, stamps, local and state taxes.
  
  *Please note that the commission may vary for property to property, but this is always discussed in advance.
• Providing translation of all the documents involved in the property purchase, however this is not always necessary. If you prefer to have all of your contracts in English this can be arranged however there will be an additional cost.
• The final stage is signing the Title Deed and becoming an owner of the property. (The Notary has to certify the deal)

The whole legal process of purchasing property in Bulgaria is 30 days after signing the pre-contract.

Can I use my own solicitor?

Century Homes Ltd. have a team of legal representatives who will assistance you in a variety of matters including a real estate closing where an attorney can protect you from costly mistakes, errors in the documents, errors in the figures and other problems that could lead to litigation or other expensive legal action. This is so we can centrally keep tabs in the progress of any deal, to ensure successful completions.

However you can use your own solicitor.

You can also benefit from our services even if you are not buying property in Bulgaria through Century Homes Ltd.

How do I find out about newest and latest opportunities?

Visit the website www.keycenturyhomes.com . Once registered you will have access to our newest and latest opportunities. Sign up for free newsletter e-mail alerts which will remind and advise you of latest opportunities.

What happens after I register for investor ? am I obliged to buy?

Visit the website www.keycenturyhomes.com. Once registered you will have access to our newest and latest opportunities.

Sign up for free newsletter e-mail alerts which will remind and advise you of latest opportunities.

What type of properties do you offer?

Century Homes Ltd. can offer you retirement properties, holiday properties, investment properties, commercial properties, new evelopments or just a place to start a new life.

How do I buy property through Century Homes Ltd.?

We aim to assist you in every way to ensure this process goes as smoothly as possible.

• Search our website or magazine. Our list of properties in Bulgaria is updated daily. Contact us or our partners about how to receive our magazine.
• Select properties to view and make an arrangement to visit Bulgaria. Let us know. Century Homes Ltd. Can offer you multiple services as listed below
  
  - We can arrange inspection trips to the properties you have chosen and search for others which may suit your needs
  - We can assist with transportation from/to the airport
  - We can arrange assistance in booking hotel accommodation or rental of a car during your visit.
  
  
  1. View and select
  2. Reserve
  3. Confirmation
  4. Contracts Exchange
  5. Exchange deposit
  6. Completion

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