Black Eur
Posted in Martial Arts Footwear on 03/24/2011 09:46 pm by adminBlack Eur
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How can I sell my land?
I have gone down the same route as many people who want to invest money and bought land in Bulgaria. The plot was un-regulated when I bought it. It now has planning to build 5 up market villas on it. It is all above board and have all the legal paperwork which has been checked by laywers to prove its all good.
Thing is I have now droppd the price of the plot 3 times and over 3 years there has been no interest. The plot is at the foot of the Balken mountains in a place called Kosharitsa 5 minute drive to Sunny Beach, Black Sea Coast. It is 1488m2 and is for sale for £75,888EUR (equivalent). 51 EUR sqm. It ticks all the right boxes but no one is viewing it.
I have advertised it on numerous websites, forums and contacted development companies the world over. Its got to the point now where I don't care bout massive returns and I just want my money back as now I have a better idea of where to put the money. Can anyone help or advise me on what I can do next?!!!! Thanks.
commercial estate agents; make sure they are legitimate. look at their history, ask for references. look at those with specialism and local knowledge
find a very good lawyer who specialises in commercial real estate. ask him for references and go through the list by recommendation only. Check his qualifications, phone up his references and look at his history of transactions. rule of thumb is not to go for the cheap, but not the outrageously expensive who knows virtually nothing about the locality or is based in a fancy city.
get an independent translator to help you out. Make sure the person
Do not fall for fancy names. It's about substance over reputation. You are concerned about getting a good deal.
Just out of interest, have you even been to the site? you may need to think about selling points such as the view, scenery, atmosphere, etc. I have seen houses on mountainous areas that are well into the £millions, it's outrageous, but people go for the scenery.
If the land isn't in a good location, there are no local amenities/ski slopes/superb scenery, etc. I would doubt it's going to sell.
Hope this helps