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Selling the flat - Agent charges?

Discussion in 'Bulgaria Property' started by Dashy, Apr 21, 2009.

  1. Dashy

    Dashy New Member

    Hi all,

    Do these terms look OK to you?
    I am about to sell the flat in Varna and agent is saying:

    - Agency commission (3%) 1500 EURO
    - the notary charges, depending on the amount declared (not more than 500 Euros)

    Any thoughts?

    Thanks
     
  2. Jain and Chris

    Jain and Chris Senior Member

    Dancho, if you don't stop promoting yourself, I shall delete your posts.

    In answer to the OP - Dashy, yes, 3% is quite normal in Bulgaria.
    We would never recommend under-declaring on the deeds because of potential problems afterwards.
    Notary fees are on a sliding scale, which are:
    Sale or Purchase price - Notary fee (all in BGN)

    up to 100 - 15
    100 to 1,000 - 15 + 1.5% of the amount over 100
    1,000 to 10,000 - 28.5 + 1% of the amount over 1,000
    10,000 to 50,000 - 118.5 + 0.5% of the amount over 10,000
    50,000 to 100,000 - 318.5 + 0.2% of the amount over 50,000
    over 100,000 418 - + 0.1% of the amount over 100,000

    The maximum fee is 3,000 lv.

    Hope this helps, let us know if you need anything else.

    All the best
     
  3. Dashy

    Dashy New Member

    Thanks!

    Agent is pushing me to under declare - what are the potential probles there?
    Im thinking if property is sold, it is sold. How can it back fire?

    Thank you.
    Dashy
     
  4. Jain and Chris

    Jain and Chris Senior Member

    Why is the agent asking you to under-declare? Did you under-declare when you bought?

    Also, I forgot to mention in my last post that notary fees are just about due to go up.

    All the best,
     
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