We might have another plot on the short list… in Bistritsa… I’m curious to find out what’s wrong with this one…
Plot Short List Update – 2
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Category Archives: Diary
Back in the game
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…two new plots on the horizon, one of them very promising .. Lozen here we come!
Properties and Bankruptcy Lesson, The Hard Way
Just a quick update on what happened last Friday (21st October 2011)…
We went to sign the preliminary contract at the notery’s office. While we had some issues with the procedure on how to complete the deal, we managed to resolve them so that everyone is relatively safe until the completion.
The complexity comes from the fact that the plot was mortgaged by a bank and we wanted to take some money from the bank as well to complete the deal. However our bank didn’t want to release the money in our account before the deal is complete… But how to complete the deal without having the money to pay for it?
CRASH: Oops, We Did it Again!
… or more like – IT HAPPENED AGAIN!!!
Yesterday, it was Friday 21st October. Our appointment at the notary office was at 2.30 pm to sign the preliminary contract on the best plot we’ve seen so far.
Compromise, Unexpected Discovery and New Hopes
After our realisation that it will be impossible to buy what we really wanted, we decided to move on to the ‘acceptable compromise’ solution.
And that was to search for a bigger flat while we grow up enough to afford a house and a garden. Of course, when I say bigger I meant something approximately 100 sq.m. living space.
Remember the difference between living space and space by paper, which include the common parts, problem from the previous post?
How Do You Know What You Want?
After we started living together, we realised we needed much more space for the family and started looking for flats in Sofia. Unfortunately, this turned out a difficult task because of our requirement for space.
The real estate market in Sofia is currently in its lowest. There is more properties on the market than there is demand for. Unfortunately the modern and new buildings that were complete (because there are plenty incomplete and unaproved for inhabitation) were designed for the average Bulgarian’s low budget and low living space requirement ( i.e. lower costs).
We went through a (hell of a) lot of viewings, only to discover that whatever we do it will be a compromise. The search was also limited by our requirement to look in areas reasonably near to where we currently reside.
At that time we didn’t event know what we want – or rather we didn’t realise…