Selling property in
Bulgaria should start with investigating the local market and
comparable property prices and try to assess the best time of year
to sell. This also depends if the market is in slump or is buoyant.
Estate agents are still the preferred method for selling property in
Bulgaria, and most people opt for local Bulgarian agents or areas
rich in foreign investors, such as Bulgarian estate agents based in
the UK. Especially when selecting a Bulgarian agent, make sure you
use a reputable one - if possible go to them as a potential buyer to
ask them questions to test the responses and actions they make.
Do your homework on commission rates and the
terms of the agreement with the agent. Some agents may ask for extra
payments for advertising in publications. Obtain several valuations
from different agents to get a good indication of price. Once
selected, monitor the adverts for your property to ensure that the
photos and descriptions are accurate and reflect your property in
its best light. For instance, dark, poorly taken photos will
immediately put off potential buyers.
Selling
property in Bulgaria yourself could also be considered. Setting up a
website for the property and/or placing an advert on a reputable
internet property sale website are good methods, as is placing
adverts in property magazines. If you are going to totally sell your
Bulgarian property yourself, you will need lots of time to show
potential buyers around and be adept at negotiating. On the plus
side, you will not have to pay any agents' fees.