Closing costs arrive first. From one market to another, the costs can include a property in bulgaria transfer tax, notary fees, registry costs, lawyer's fees and broker fees. As a rough planning figure, reserve extra funds beyond the price itself, and confirm the exact rates locally.
Recurring property taxes follow. The rates vary substantially, and homes for sale in athens a number of markets charge higher rates to non-residents. Where a unit is left unused most of the time, extra charges sometimes apply.
Building charges are easy to underestimate. An apartment in a development with shared gardens, an elevator and a concierge generates monthly costs that continue whether you are there or not. Request the last two or three years of accounts prior to purchase, and look san francisco apartments for sale scheduled repairs.
Distance creates costs that local owners never see. A caretaker must be available for leaks and repairs, accept mail and official notices, and arrange the work of contractors. Professional management usually takes a monthly fee, and going without it tends to become a false economy.
Insurance, utility standing charges and exit costs complete the calculation. The tax due on a future sale can apply to non-resident sellers, sometimes at a different rate. A good discipline means putting together a five-year running-cost estimate before you commit — the result tends to exceed what the buyer imagined.
