The ESi principle directors have worked in the property business as consultants and investors for many years, several years ago we discussed the potential of a new way to buy, and for the last 14 months have moved towards the creation of ESi.
Our plan and objective was to offer the industry, developers and property owners a safe secure, completely transparent way to sell their product, and for property owners a far more sensible way to buy.
Why consider Fractions
Existing second home owners and developers see real benefit in fractional schemes. Some see it as a real chance to release equity (Cash) in a home they only use for a part of the year, others a way to sell their property even in today’s difficult financial climate.
“Fractional selling is the fastest and most dynamic area of the property market
and even in these difficult times it is still growing in popularity”.
What is Equity Release ?
Equity release is the releasing of some or all of the equity in the form of an equity share in a property. It gives access to capital while still giving ownership and all the rights to use the shares that are still pending a sale.
Why do agents and buyers turn to ESi for a solution?
ESi have devised an equity release scheme that is both unique in the security of title of each fraction. But also a scheme that is designed specifically for the Bulgarian market. They also have the experience to ensure the management of title is safe for everyone involved.
What clients are suitable for Equity release?
Owners who still enjoy their property, but cannot justify ownership 52 weeks a year.
Owners with friends who want to share their property.
Owners who are under financial difficulty, and cannot attract rental or additional finance.
Owners who wish to sell and cannot find a conventional outright purchaser.
Why consider Equity Release ?
In today’s economic climate the only sector of the property market that has been growing is the sale of fractions. By selling fractions you are far less likely to have to discount to recover your capital. Typically 3 shares can be released to give you back your initial investment and still give you all the rights and benefits of a 1 share.
What percentage of my property can I release?
A property owner can release 25%, 50% and 75% or all of the property if he chooses to do so.
Why Equity Release makes sense?
It gives property owners more immediate access to capital tied up in their property
It cuts their annual running and maintenance costs during the selling phase as new shareholders join
It minimizes investment risk
It gives them all the benefits of owning an equity share
Why should sellers use ESi to release equity (Cash) from your property.
Although it’s far easier to sell a fraction of a property than to sell the property outright, once this stage is passed, the property and shareholder’s interests must be managed. ESi is a fully professional share management company that provides all the necessary services shareholder property owners need;
Management of shareholder company
Online client usage calendars
Online secure client options for communication and file management.
ESi will not only secure the best chance of selling for their clients, it will also help to manage and rent the time they are not using.
How does an owner proceed with Equity Release.
Owners fill in “Equity release registration forms”, and we then check their property for suitability, and send back a free property report within 5 working days, outlining:
A Marketing Assessment
A Property Valuation
The Selling Timeframe
If the owner then wishes to proceed with Equity Release, a registration fee will be invoiced and the property will be introduced to the marketplace.
How is the property marketed:
ESi will place the property on its web site.
ESi will produce product cards and distribute to all its registered agents.
ESi will distribute the property in its regular newsletter and distribute to its news group subscribers
ESi and its agent network will offer the product to all its potential clients.
For more information on how Equity release will work for you. Please contact NVS Properties on info@nvsproperties.com
Meet the Team
Gareth Edwards(ESI development consultant)
Gareth has worked in the property industry for 20 years focusing initially in Spain and the Balearics but subsequently around the rest of Europe, US and latterly in Eastern Europe. Gareth has worked in direct sales, sales management, developing sales and marketing strategies and providing property consultancy services to developers, as well as investors.
Venzislav Vassilev (Accountants)
Venzislav senior partner of REX Consulting is our preferred partner for bookkeeping, accountancy, taxation and legal issues. They were established in 1995 in Sofia, and have now expanded their offices throughout Bulgaria. REX Consulting is highly reputed and has joined Russell Bedford International, a global network of independent accountants.
Anna Mihova (Lawyer) www.legal-made.com
Anna is the ESI lawyer who specialises in company formation and transfer of real estate. She has excellent qualifications and will help with the set-up of Ltds (according the BG Law to take advantage of the lowest EU corporate tax rate). Anna will be able to assist you with any legal queries you may have.
most common FAQ's
Below are a list of the most common visited questions in our FAQ section.
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