Bulgarian Investment Property

Bulgarian Investment Property - Guide To Buying Property: Part 5 - Have A Strategy And Stick To It!

The questions in Part 4 are a great starting point. I don't remember any estate agent ever advising me on how I should be buying property or what I should be looking out for.

Naturally, that's because they want to sell whatever is on their books today and want to shift it! Estate agents abroad work on similar 'principles?'. Most Eastern European agents work for both the buyer and the seller. Can you imaging using the same set up for a court case? Of course not, therefore spending time doing research is absolutely crucial.

That said, try not to spend months on researching either, because while you're deliberating and congetating, the best bargains are being snapped up and property values are soaring relentlessly.

A recent customer of mine told me he loved the look of Bulgaria, knew he wanted to buy a property but didn't have the time to do the research. One year on, he came to me. The same property he was looking at 12 months ago had risen by 60%! He was gutted when he realised how much money he would have saved and made if he had acted at the time.

Fortunately he saved the money back again as I was able to find the property of his dreams at a price he, quite frankly, couldn't believe. Saved him thousands! I also introduced him to my handpicked team of recommended local professionals and the sale went through smoothly. In fact, he didn't even come out to Bulgaria to do it. Everything was done from the UK. Easy only if you know how.

But without the inside information I could provide for him and without the access to tried and trusted local estate agents and lawyers, deciding where to invest and purchase can be a time-consuming and very frustrating business. It can also be one of the most expensive mistakes you'll ever make in your life.


Bulgarian Investment Property