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3. Seeing what you are buying. By purchasing a fully completed apartment, you can see exactly what you are buying. 4. Snagging report. Developers often say that if you buy off-plan that you will be able to pay for a snagging report carried out by an independent company. The buyers assume this will be done before they own the apartment or pass over their money for completion. We are aware that some developers will receive all the funds before snagging reports are carried out! Note – we are aware of one example where, 16 weeks after completion snagging reports have not been carried out and the title has already passed to the new owner without the snagging report 5. Avoiding Excess Taxes on Future
Apartment Sale . When buying
off plan, developers often wish to understate the purchase price
on the Notary Deed. This may lead to an artificial capital gain on
sale, leading to a higher tax bill when you come to sell, which may
well run into many thousands of euros. The sale of this apartment
at Cedar Lodge will be at a fully disclosed value. |
| ©2006 All Bulgaria Property | ![]() |
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