- This topic has 1 reply, 4 voices, and was last updated 13 years, 2 months ago by
.
-
Posts
-
Hello All,
I’m interested in developments along the central pacific coast. There are a few that look appealing, but they require a substantial deposit to ‘hold’ a lot. I am not comfortable doing this and wanted to get input on any experience people have with that. Thanks.
DO NOT DO THIS!! Would you give someone a substantial deposit to hold a lot you’ve never seen in the United . States? And what if you did do that and then you decided not to buy? How many years and how much money do you want to spend in litigation trying to get your deposit back? There is plenty of property available in Costa Rica. Don’t be so eager to plunk down money for something you really know nothing about. But if you do, we can refer you to the lawyers who are now trying to get back deposits for other people who did just what you are talking about doing.
maravilla has it exactly right. [b]DO NOT DO THIS![/b]
There is no shortage of coastal area property for sale. And there are many unfulfilled promises. Don’t rush into anything, and don’t believe anything you’re told until you see it for yourself.
If you settle on a piece of property anywhere, coastal or inland, do your own due diligence using your own resources rather than those of the seller or the real estate agent.
Verify that the seller is actually the owner. Have your own attorney, not the seller’s or one recommended by the agent, check the person’s identity. Have your attorney research the title to the property. If you have thoughts of building, have your own architect visit the site and confirm that it is physically and legally possible to build there. Have your own surveyor survey the site and if you buy it, have the surveyor register the survey drawing in the National Registry.
If utilities are important to you, go to the utility companies and verify that they are, indeed, available. While landline phone service may be available in your neighborhood-to-be, confirm that if you order phone service a line will actually be available to assign to you. Find out the situation with potable water and sewerage.
And finally, don’t believe anyone’s assurances that something will be done soon. If paving the road is important to you, maybe wait ’til it’s finished before you commit. If the promised tennis courts, pool, club house, etc are important, don’t commit until you see them going up.
Many, many have been sorely disappointed . . .
You can not get any better advice than has been provided by Marvilla & David. [b]DON’T DO IT![/b] There are hundreds of posts on this forum recounting the troubles that thousands of gullible people have had after doing just what you are considering. Until you get here and do all of the research and due diligence detailed by David, [b]”JUST SAY NO!”[/b]
- You must be logged in to reply to this topic.
