Mar 092018
 

In order to sell Bulgarian property you will first need to know the correct asking price. An accurate valuation is the foundation of any successful sale.

You will need to find an Bulgarian Estate Agent that has a strong track record in delivering sales in your area. Don’t be afraid to ask your agent for the names and numbers of clients they have sold properties for that month. If the agent is genuine they will be only to happy to provide these details especially if it means new business for them.

Speaking with other owners on a one to one basis is a great way to get a feel for the agency you are considering dealing with and also allows you to get a feel for the price you are hoping to achieve.

All too often properties are brought to the market at the wrong price, sometimes too low and sometimes too high.

To successfully sell Bulgarian property in the current market you need to know exactly what properties like yours are achieving and in order to do that you will need to do some research of your own. Your management company can be a great source of information because they can tell you how many properties have been sold in your development over the last 12 months. This is very important because this will tell you what type of properties have sold, one beds, two beds or studios.

Using this information will allow you to understand the level of interest your property in Bulgaria  is likely to attract. For example if you now know that the majority of sales in your development have been 1 bedroom apartments and you have a 1 bed you know that you have a property that  people will buy. If on the other hand you have a 2 bedroom and you find out that there was no real interest in 2 bedroom apartments over the last 12 months you now know that you will need to make your price very attractive in order to sell.

Of course your agent can do this for you but it is always worthwhile spending some time on research, especially when there are thousands of Euro at stake.

Appreciating Assets will be happy to provide you with a free valuation of your Bulgarian  property at any time.

If you want to sell Bulgarian property contact us today.

 

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