Costa Rica real estate prices have dropped and it is a buyer’s market. Now is the time to start searching for your retirement or vacation home. Our office is located in Jaco Beach and we are excited to help your live your dream. Visit www.jacobeachinfo.com to search through lots, homes and condos.
Contact Us if you would like help finding your piece of paradise!
Costa Rica’s plan for economic expansion of the country along with the continued development of mid- to high-end residences, accommodations, services and amenities will continue to enhance the overall economic stability of the area. In addition to financial security, many ex-patriots, Europeans and Canadians are moving to Costa Rica due to the lower cost of living, which includes health care, dentistry and up-to-date technology in comparison to the U.S., but costing an average of 50-70 percent less.
The Costa Rican Constitution fully protects foreign ownership of property making it a safe emerging market for international real estate investors. Purchasers of property can also obtain a title guarantee from internationally recognized title insurance companies.
Nonetheless, those who purchase in Costa Rica should receive professional advice from both a licensed Realtor and a qualified real estate attorney to assurance the transaction is handled correctly and your investment is safe.
Hot deals to consider:
Jaco House, Walk to the beach:
Casa Palmas – 2 bedroom, half a block to Jaco Beach, 562 meters (6050 square feet) of landlisted at $175,000. view more
Beachfront Condos:
La Paloma Blanca F4 – 2 bedroom, 4th floor with ocean view listed at $254,500 with 70% financing. view more
Bahia Azul 10C – 2 bedroom, 3rd floor with private roof-top terrace, ocean view, listed at $275,000 and motivated. view more
The Palms 502 – 2 bedroom absolute ocean front on the 5th floor listed at $350,000 and motivated. just reduced view more
Bahia Encantada J1 – 3 bedroom 1st floor with ocean view listed at $359,000. just reduced view more
Diamante Del Sol 2, 302 – 2 bedroom absolute ocean front on the 3rd floor listed at $410,000 and motivated. Financing available. view more
In today’s market, sellers commonly have to deal with the infamous Lowball offer. The best strategy is to keep emotions out of the mix and “consider it” as a starting point for negotiations. Regardless of what kind of offers you receive, you can’t take it personally.
Your motivation is to sell your property and the highest amount the current market will allow for! Start by asking how the offer compares with recent sales. This will assure you are negotiating with realist expectations. Many times a low offer is not an indication of what your property is worth, but rather what the buyer can afford.
Price is not the only way to turn such a situation around in your favor to achieve a successful sale. Try to find wiggle room by negotiating the terms, here are a few questions to ask:
Is the buyer making a cash offer? Cash offers are very rare in this market. If not, try to negotiate as much down as possible.
Is the buyer willing to close quickly? The average closing time is 30 to 45 days but it only takes the lawyers an average of 15 business days to finish the due diligence process. A quicker closing can help offset the extra holding cost you would otherwise be paying.
Is the buyer willing to paying closing cost? Normally closing cost are split equally between the buyer and seller and can add up to a total of 5.2% of the finial. This may be a good way to negotiate 2.1% extra.
Is the buyer willing to take the property AS IS? Normally buyers will want to do a walk through and may request repairs or a punch list? Adding a “AS IS” clause to the offer can save you both money and time.
You have nothing to lose if you property has been on the market longer then 6 months and you are not getting a lot of showings. Do whatever you can to keep the negotiations open and the terms in your favor.
With a little teamwork, a conclusion that everyone’s happy with can be obtained.
Contact us if you would like us to help you negotiate the sell of your property.
Now it is just a quick hour trip from Jaco Beach to San Jose! 11 kilometers of Ruta 27 are now repaired and opened back up for travel. The road had been closed since June 12th due to multiple landslides and rock falls. And with the rainy season beginning they wanted to fix the exposed rocks and steep angles before they get worse. In order to fix the damaged parts of the road they had to erect steel mesh and fix the construction of the gutters in an attempt to stop the debris and materials from falling all over the road. From now on there will not be any machinery on the highway, however there will be workers maintaining and fixing the road as time goes on. Of course there was plenty of congestion this weekend due to the re-opening, but it should return to easy sailing soon.