Canada Calling, Part 3


So many nice nature walks around VT... and Bulgaria in general!

Even if you are looking at properties that are fairly close to each other, you probably cannot see more than three or four in one day. That would be my guess, if we are talking about country properties.

Both to explore / look around / soak in the feel of the places... and to do serious property hunting. We likely won't be buying while we are there, as we won't have enough time to get everything checked properly... unless the perfect property falls into place!

Yeah, driving around the mountains everywhere isn't going to make a lot of viewing possible


Well, if you really like something, then you make an offer. If that offer is accepted by the vendor, then you proceed to the first or preliminary contract. The initial contract means that you put down a deposit (usually 10%) and the vendor takes the property off the market. He is not allowed to sell it to anyone else and you are not allowed to back out of the sale (otherwise he keeps your deposit). Sometimes the gap between the initial contract and the Notarius Act (final contract) is very short, but it might be longer. Maybe months. The Notarius Act is the Bulgarian equivalent of title deeds and it is your legal proof that you really did buy the property. You pay up the rest of the money and the vendor gives you the keys.

It's similar to the system in Spain, that we have experience in, it seems.

If we don't decide on a property, we set up our company, form a company and set up the power of attorney... with the right person. Haha!


If your wife has an EU passport, then I am not sure that the company thing is necessary. But I am not a lawyer and I might be mistaken.

We are looking south of Dryanovo, and between Elena and up to Troyan... most likely within a few kms of Tryavna or Gabrovo


There are extra costs (not a huge amount) involved with setting up a company, so this is something to be avoided, if possible.

She doesn't have her German passport yet, unfortunately... in the process... however long that will take. So if we want to buy a property in the next months, we need the company

Well, these things take time and she will not actually need the passport until you get to the Notarius Act stage. And that might not be for quite a while!


When we sold our first house, the chap we sold it to did not have enough money. I knew him (he was the nephew of a dear friend) and so I said, "No problem! Give me a deposit, we will sign the preliminary contract and you can give me the rest of the cash next year." Therefore, delaying the Notarius Act might be an option, if the vendor is going to play ball.


Yeah, we aren't comfortable with trusting the timeliness of the German and Canadian systems... It might take well over a year

On the other hand, the vendor might want a quick sale and does not want to be messed about...

Indeed

If your wife really is entitled to a German passport, then my guess is that she should be able to get one pretty quickly. This is assuming that your wife has the right documentation (birth certificate etc). Of course, you will have to arrange for her German passport to be sent to Canada, but companies like DHL are pretty quick.

She doesn't have all the documentation. We have requests in to both Canadian records and German to gather the needed documents, then we apply. It can go fairly quickly once you have all your ducks in a row


There is nothing to stop you buying a property in Bulgaria, if you have any sort of passport. The problem is that you cannot live in Bulgaria permanently if you are not an EU citizen. On the other hand, you might be entitled on the basis of retirement. If you are receiving a pension, then you can retire in Bulgaria, even if you are not an EU citizen. That is my understanding.

Well, you could still buy a house, if that really is the one you want, and then hope that the EU passport gets sorted out. That would be a bit of a gamble, I think.

Yeah, a gamble indeed.


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