Estate Agents in Slovenia - Tips on Choosing the Best

By: Monica Hendrix

Forecast growth by a respected UK investment TV show, is anticipating growth of up around 280% in the next 10 years and interest in property investment in Slovenia is at an all time high. Of course you will need an Estate Agent in Slovenia to help you with your property investment and this article will give you tips on choosing the best Slovenia estate agents.

There are many Slovenian Estate agents to choose from and here we will look at choosing one to help you get your dream property.

Here are your general guidelines for choosing an estate agent in Slovenia.

1. Cut Out Middlemen

There are lots of "middlemen" selling property in Slovenia, however most are not regulated. For your security you should only deal with a licensed estate agent that is based locally and governed by local laws. This means their business conduct is regulated by a strict code of rules, which are designed for your protection.

2. Find an Agent That Knows Slovenia

Many middlemen are simply interested in selling their own properties - these may not be the most suitable ones for you. You need to find an estate agent that knows the areas they sell in. Check how long they have been in business and that they have a good knowledge of the area you are buying in and get some references if possible.

3. You're Aims

Are you buying property for sale in Slovenia for capital gains, rental income, or a mixture of the two? Always match your specific aims with a location that can deliver what you require and find an agent that will understand and match these needs. This is really common sense - but many investors simply buy without thinking about the above and it costs them later on In conclusion, make sure you do your homework and that means a visit to get a feel for the area and property you are investing in.

4. The Buying Process and Finance

For buying property in Slovenia will only take around a month to complete the contracts and the salient points to consider are outlined below. Once you have found your property you will be required to pay a 10% deposit which if the seller decides not to proceed will be returned to you - but doubled, under Slovenian law. If on the other hand, you decide to back out, the seller will keep the 10% deposit. Mortgages are now available to foreign nationals.

For example, Volksbank offer 70% mortgages, secured on your investment property in Slovenia not on your primary residences elsewhere. When you want too buy, you will need to produce your passport; your estate agent will then apply for a tax number for you as well as an EMSO number, both of which are required to complete a property transaction.

You should use a local Lawyer to check all paperwork, ownership details and contracts, who is familiar with Slovenian law. When sending your final payment check your banks for favorable rates - or seek out a specialist foreign exchange company. Make sure you shop around, there are big variations in currency exchange rates offered and these can make a significant difference to your purchase price.

You should also open a bank account locally - this will enable you to pay all your local costs easily and promptly. Bank accounts are easy to set up and can be done on the same day and require only a passport as proof of ID.

5. Management Of The Property

You can also get Slovenian estate agents to offer property management services.

This will include everything from finding tenants for your house to making sure the house is ready for guests and also make sure wherever you buy your Slovenia property it is safe, secure and maintained

Finally

Buying property in Slovenia can be a lucrative investment destination and if you choose the right Slovenian estate agent, you can maximize your growth potential.

Your estate agent can help you get the right property which fits your investment aims, budget and thereby maximize your long term growth potential.

Choosing the right estate agent is essential when buying property in Slovenia so make sure you do your homework!

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