Thursday, June 14, 2012

How long does it take to find property in Costa Rica?

As long as you want. Personally the number one problem I find in searching for real estate in Costa Rica is that everyone is a real estate agent. Why? Because the country lacks a structured  real estate licensing program. This means that just about anyone can sell property. Not only that, if you want $300,000 for your property and they can get $350,000, you get $300,000 and the agent can keep the remaining $50,000.
Not really, because this becomes an incredible incentive to say just about anything to make a sale. Not good for most buyers.
On top of this, most sellers have 5-10 agents representing the same property. First one to sell wins! Again,another incentive to make a sale no matter what.
When buying a house, hire your own people. You may toy with the idea of using the seller's appraiser and home inspector, but ultimately do not choose to do so. No one likes spending money on something they could get for free. With that having been said, it is still in your best interests to hire your own workforce so that you have people that you can personally hold accountable. It could save you a ton of money later in life by knowing that you are getting an unfettered understanding of your potential investment.

Investing in real estate is always a risky situation. The housing bubble has finally popped, so house prices are at sane levels again. If you've always dreamed of owning a home, now is the time to buy. If you keep your property long enough, you are sure to gain a profit.

Do you now feel you are ready to buy a home? Hopefully, these tips will ease your concerns. Apply the suggestions that fit your circumstances to maximize your success. Purchasing real estate doesn't have to be frustrating or difficult. Think about how it feels to have a piece of property you can call your own. As you tour prospective properties, pay close attention to costs and choose wisely.

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