Saturday, December 6, 2008

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. Pretty cool huh?
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.

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