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Friends:
I am currently dealing with Worldwide Land Investments (WLI) and am looking to purchase a lot in their Colorado development. Has anyone had any experience + or – with WLI? Does anybody have any knowledge of the Colorado area in Guanacaste? I understand these lots face the Nicoya Bay.
Thanks for the help/advice.
John in Michigan.
John, You will probaly hear this repeated by most of the members of this board: Don’t even consider doing anything untill you come down and see the property you are considering. Then when you find what you are looking for have an attorney review all the documents. This should be the very least that you should do.
WLI is one of the companies featured in numerous ‘Discussion Forums’ in Costa Rica and there are some very major questions surrounding their methods of doing business.
Do all your homework, do it again, then visit the property, stand on it and do the necessary checks that one should do when buying land then do a title search and then make an informed decision. There is PLENTY of land for sale in Costa Rica
PLEASE ALSO NOTE that as far as we can see, this company has zero real estate development experience anywhere in the world which would certainly be a “no go” for me but may be acceptable for you.
Being able to buy raw land and re-sell it is a whole different ball game than being able to “develop” a well planned comunity wher you would be happy to live.
Scott Oliver – Founder
WeLoveCostaRica.comFor Pete’s sake, YES, come down here and look very, very carefully FIRST THING. Get a reliable attorney to review everything; then get a second attorney to review the conclusions of the first. Insist upon your own marked survey and be there when the surveyor does it.
Look carefully, too, at any assurances that are made about future improvements or developments. If the roads aren’t in yet, if there aren’t utilities, if the promised community center and pool aren’t there, then how do you know they ever will be? And what will you do, and to whom, if they’re not?
I know nothing of WLI and can make no assertion about them, but in my limited exposure to the Costa Rican real estate industry, I’ve heard more than enough horror stories about deals done by allegedly reputable operators to know better than to take any chances. You, on the other hand, may have money to burn . . .
To all: No money to burn here. Thanks for your candid comments and feedback. It is greatly appreciated.
John.
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