22.05.2023 – (updated on 12.01.2024)
One of the most frequently asked questions by our clients is exactly which documents are required for the sale of a property and how they can obtain them.
The preparation of documents for the sale of a specific property is included in the obligations of the SELLER of the property, as he is required to provide them, regardless of whether the transaction is handled by a real estate agency and whether there is a loan from the buyers.
Once you have made the decision to part with your real estate, two options open up before you – to carry out the process yourself, or to entrust the process to a professional.
As a real estate agency, we often help the clients who sell their properties through us obtain the necessary documents for the sale of a property by explaining to them where to go to apply for their issuance or providing them with a power of attorney to complete this sometimes tedious task for them. This often saves sellers time and makes the process of closing the deal as smooth as possible.
In this article, we will share with you which are the necessary documents and how to obtain them:
1. Title deed
The first and most important is the document certifying the ownership of the property, or the so-called NOTARY ACT. If for any reason you do not have a notarized deed for the property you are selling or have lost it, there are two places from which you can obtain one, namely:
– Registration Agency or so-called real estate registry
– The notary who has recorded the last transaction for this property. Notaries keep the records of transactions in their archives and are very likely to issue a copy of your last notarized deed.
link to the website of the Registry Agency
2. Certificate of Tax Assessment
It is published by the relevant tax office (calculation center) by the location of the property. In the tax assessment, the property address must be identical to the address of the property in the notarial deed; otherwise, a certificate of address identity is issued from the relevant district.
Issuance period – from 3 to 14 days;
IMPORTANT: Tax assessment certificates issued by June 30 of the current year, pursuant to Art. 264, para. 1 of the Tax Code, are valid until that date, and certificates issued after that date – until the end of the current year.
All co-owners of the property must be listed in the tax assessment of the property.
In order to be issued, the co-owners must not have unpaid obligations regarding the property (they must have paid the tax and utility fee) and this being recorded in the certificate of tax assessment of the property.
3. Sketch of the property
It is published by AGCC (the Agency for Geodesy, Cartography and Cadastre).
Issuance period – 3 days for 20 leva, 7 working days for 40 leva
link to the website of AGCC
4. Certificate of burdens on the property
The document is issued by the Real Estate Registry of the Agency for Registration of Immovable Property.
The deadline for issuance is 3 to 7 days.
link to the website of the Registry Agency
5. Certificate of marital status
The document is issued by EUGRON (Unified System for Civil Registration and Administrative Service of the Population), most often in the municipality building at the permanent address of the property owner.
Issuance time – from 1 to 7 days.
It is important to bear in mind that each of the spouses must have a certificate, regardless of the fact that the information in it is duplicated.
The seller's certificate of marital status is also important to verify the marital status of the owner (co-owners) at the date of acquisition of the property.
6. Certificate of concluded civil marriage
It also counts as part of the list of necessary documents for the sale of a property.
A copy of the document to accompany the certificate.
7. Court decision on divorce
In the event that the seller(s) is/are divorced, a court decision terminating the marriage by divorce shall be submitted.
In the event that the property was not acquired during the marriage, it is not a SIO (family property community), but if the spouse is registered there, a declaration is filled out under Article 26 of the Civil Code for consent to the sale. The same applies to properties acquired by inheritance, donation, etc., which do not constitute a SIO.
8. Certificate under Art. 87, Para. 6 of the Civil Procedure Code for the existence and absence of obligations
It is required when purchasing a property with a loan and is issued by the National Revenue Agency (NA). The issuance time is 1-7 days. Usually, the document is received on-site on the day of the application.
link to the NAOP website
9. Certificate of Successors
When the property is inherited, a certificate of heirs must also be submitted. It is issued by the municipality, the district, or the town hall at the last permanent address of the deceased person. It is valid until a change in the data on which it was issued is made, which is contained in it.
And last but not least:
10. Document of identity
Identity document, other documents identifying the buyer and seller (personal cards, certificates of current status, in case the party to the transaction is a legal entity – decision of the relevant competent authority). Check the validity of the relevant document; it often happens that our clients realize that their document has expired days before the transaction or during the signing of the preliminary contract (if there is one).
And more:
In the event that the seller is unable to attend the transaction in person, by law he is entitled to authorize a third person to represent him with a power of attorney. The power of attorney explicitly describes the rights that the authorized representative is granted. The power of attorney is notarized – the signatures and the content of the document are notarized. The power of attorney is also notarized and certified with a declaration under Art. 25, para. 8 of the ZNND and a declaration under Art. 264, para. 1 of the ZPP.
Details:
When buying a home in a newly built building A Permit for Use of the Facility (Act 16) is required.
When dividing the property an appropriate document registered with the Registration Agency is required.
In the case of an inherited property Certificate of Successors, Act of Death of the decedent and Will are required: issued by the GRAO office of the municipality of permanent address for a period of 1 to 7 days.
Why should you trust your transaction intermediary?
The advantages of using professional broker He will be able to give you an adequate price for the property you want to sell; he will advertise your property using established methods, thereby increasing the likelihood of a quick sale at a price close to the one you are seeking; he will assist you in arranging viewings, in any negotiations with potential buyers; and, if you have a power of attorney for the sale of the property issued by you, he will also provide all the necessary documents for a successful notarization of the transaction. The variety of possible options is so great that a thorough examination of the documents by both parties is mandatory.
We from The team on BULGARIA-ESTATE We are prepared to save you the hassle and will ensure the quick and easy sale of your property. You can contact any of our representatives who will provide information to our team of lawyers. We will be with you from start to finish!
If you have decided to sell, you can sell your property with us by adding your offer here: +ADD OFFER
