How Long Does It Take to Find Property in Costa Rica?
October 9, 2008 by admin
Filed under Buying Property
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.
This doesn’t necessarily mean a good outcome for the buyer, which is why we encourage our buyers to take their time and work with professionals who know the ins and outs of buying property in Costa Rica.