Bulgaria property news and articles

It is very rare to have a deal completed and all legal checks made while you are in the country on your first visit. Most deals take 1-2 months to complete. You can return to Bulgaria at every stage during the conveyancing process to sign the documents, but this is not really a practical or cost-effective solution. In most cases therefore it will be necessary to leave power of attorney with your representatives in Bulgaria.

Of course this is something that can be arranged before choosing a property and agreeing the price, but in practice most people first have contact with a lawyer at this stage of the process. In fact there are no legal requirements to use a lawyer, since the actual rights of ownership over a property can be transferred by a notary with a notary act. A notary is a licensed official who can authenticate documents and perform certain other acts. On the day of the deal they will verify who the buyer and seller are and check that all the paperwork is in order to complete the deal legally.The lawyer’s role is different.The lawyer’s role is to ensure that your interests specifically are being satisfied and to check all the documents are in order so that the notary can legalise the deal.