I’ve been answering a lot of questions in my blog about Jaco, Costa Rica, but haven’t yet answered the most frequently asked question of all….”what’s the real estate market like in Jaco?”. First of all, we’ve been blessed by not having a lot of “over-mortgaged” properties and foreclosures here in the Jaco Beach area. Secondly, as buyers have come to realize, the global economic meltdown has had a lesser effect here in Costa Rica than in lots of other places. They are buying now rather than waiting for the prices to rise. Some sellers have priced their properties rather high, and they will wait for an unknowledgeable buyer with an unscrupulous real estate agent to pay “above market” prices. They will probably be on the current market for a long while.
People walk into our REMAX office every day and ask “where are the hot buys?”, or “what are your fire sale deals? When sellers are serious, their property usually attracts serious buyers and we schedule a closing date.
Currently, there are some “great buys” in the Jaco area…from beachfront condos to rainforest retreats to small ranches to typical housing. We even have a gorgeous estate-like home, that features the most panoramic ocean views I’ve ever seen, and contains just about every amenity necessary for the discriminating buyer. Bring your toothbrush and your fire extinguisher…this property is “fire sale” priced at $550,000 and comes fully furnished.
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