Quote:
Originally Posted by Jain and Chris
Hmm, not sure I agree with all you say, and that is as an expat dealing with Bulgaria for the last 15 years plus.
Flames for misinforming is not the way of this forum, neither is the way of asking for pm's from the very first post.
Open discussion is the way to go, for both buyer, seller and everyone else...
Sometimes, it is actually better to go direct to final completion than have a "prelim contract" in place, particularly for rural houses and land. Why are you interested in anyone else's opinion on this?????
You are wrong, locals do not always sell to foreigners at a price above agents prices - indeed, you wil find this is against the grain - as agents sell at inflat'ed prices only because they are usually taking the bigggest profit of all.
Hope this helps, JandC
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as you ask me, I am interested in other peoples opinion who have bought via prelim contracts for land/houses as this is a forum and, you are right, there are certainly pros and cons for this approach - namely you can invest much effort and money in a purchase and reasons and the seller decides not to sell or unfairly changes the terms on completion day.
However, you have misread my comment on non bg nationals buying. My point was that for land and houses most locals have told me that the minute they see someone from UK or Ireland etc they think they can get more money. This is what happened to me, and I urge people to avoid the same mistake as I made. Agreed, that local agents may be better better as, in my case of using a local BG agent, there was no sign of inflating the price. However my advice is that you may not want to approach seller direct as a foreigner (just try and make sure your agent doesn't disclose you identity).
After my price was increased last minute by the seller my agent 100% agreed with me that its best not to reveal your UK nationality. They also advised, too late in my case, that this "tricking" in deals is quite a common practice by sellers. They also told me the story of a bg buyer they dealt with who had cut them out of a big land deal and the buyer went direct to seller (they had revealed to the buyer the seller's name on the ownership plan "skitsa") thereby saving themselves 2.5% commission to agent. So the bg agent's view is that some bg buyers are happy to trick their own native sellers! Jain, as i see i'm off topic now is there a thread that discusses land buying issues?