Before you sign the contracts, we encourage you to do all the appropriate checks so that you are comfortable with all aspects of your purchase decision. To perform all of the due diligence, you may or may not wish to hire a lawyer. Either way, it is helpful to have some understanding of the legal aspects of purchasing a property in Bulgaria.

Upon request, your Sales Executive can provide all necessary documents proving ownership, quality of construction, and selling company details and status. For each payment you make, you receive an invoice stating the amount paid, the reason for paying, and the date of payment. Therefore, you should correctly fill in your payment orders before transferring your installments: your name and the villa and apartment you pay for are a must.

Once you have carried out all of the due diligence, it is time to sign the sales contract. Along with signing, you are to transfer the first installment due. Its amount depends on the stage of completeness of the apartment you have selected. The different payment plans for purchasing apartments in Santa Marina are as follows:

1. For the villas that are in the initial stage of construction:

   1. 40% at signing the preliminary contract

   2. 40% upon completion of the roof

   3. 20% upon completion of the building with the respective license issued by the authorities

2. For the villas the rough construction of which has been completed (roof and outside walls ready):

   1. 70% at signing the preliminary contract

   2. 30% upon completion of the building with the respective license issued by the authorities

or

1. 60% at signing the preliminary contract

2. 20% within 30 days after signing the contract

3. 20% upon completion of the building with the respective license issued by the authorities

3. For the villas that are ready to be accommodated it is expected that you pay the full amount of the sales price upon signing the sales contract.

It is only on rare occasions that clients to Santa Marina come to Bulgaria to sign a sales contract. Most customers prefer to have their contracts sent to them already signed by the selling company. It is up to you to decide whether to come to Bulgaria or to receive the contracts per express mail. If you decide to have your contracts sent by post, please do not to forget to give your Sales Executive an exact mailing address, postal code and telephone number. After having received the contracts, you should return a copy signed by you to us. It is very important that both parties in the sales process have an original of the sales contract.

After we have received the sales contract and the maintenance contract signed by you together with the first installment transferred to our bank account (also specified in the sales contract for your convenience), the apartment will be officially labeled “Sold”.