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“Bad mouthed for no apparent reason?” Someone was just informing us all that she wasn’t getting her deposit back from another company who offers a similar deal as this one. So there is an apparent reason. Aren’t we helping each other out by warning people of these types of marketing schemes?
Can’t you take the common sense objection to doing business in this manner?
Does someone have to lose money first in order for there to be any criticism given to this approach of marketing property?
Similar deal? I thought we couldn’t look at the web site..so how would you know it’s a similar deal?
Explain to me exactly how a company on their third project is just a “marketing scheme”. Have you seen their project? Do you know anyone that has bought there? My guess would be no.
From the records on this forum I think it is quite clear that no one has lost their money on any of these projects to date. Why? Because these companies are, it seems, honouring an apparent pledge to fully refund. No one on this site has yet been clear about the contract term/period for refunds. The fact that it is allegedly taking them so long is quite frankly not surprising given the amount of doubt causing reports being thrown around; the consequences are of course obvious…more refunds. This situation will, if people continue in this manner, become a self-fulfilling prophecy where one of these companies will be forced to close and cause losses for prior investors.
So let’s keep casting doubt and continue bad mouthing and then we can all write posts about how we knew they were bad guys!!
I’m not saying they are angels but let’s have some balance; they appear to all be building their projects and delivering title etc…
If you don’t like the sales methods, hang up the phone.
I recall we had endless similar reports on Wellington Asset Mgnt over the last two years; to my knowledge, and please correct if I am wrong, no one lost money, the infrastructure was implemeted, and buyers have started if not completed building their homes.
Edited on May 13, 2007 20:04
All brokers are salespeople, but the ones that were selling condos in the U.S until the bubble burst were merely playing their role in a bigger deceit..one masterminded by Alan Greespan. Clearly he wasn’t ringing the bell at the top of the market, so why blame the salesperson; without him Alan could never have pulled off the greatest scam in history..to convince the American public that they can have something for nothing…
Until such time as someone offers a concrete reason for not honouring the agreement they signed I will continue to state that these “victims” have little to offer in convincing me of their plight.
If there is a problem with the project then let’s get it out there; until such time I will not be joining the lynch mob. This deal could be the worst or the best in CR, does anyone know?
I’m not supporting these people, however I think it’s incumbent upon an intelligent forum to ask for more than accepting “I want my money back” cries from it’s ranks.
Edited on May 14, 2007 18:15
Edited on May 14, 2007 18:17
I’m no attorney but I am assuming that this legal contract that both parties sign allows the client (buyer) to ask for their money back whether they have what you think is a “concrete reason” or not, and it would appear that the seller is the one that is legally obliged to honour the agreement and return the client’s money…
This is a Discussion Forum and not a court of law and if a buyer is legally entitled to ask for his money back and the seller does not want to do that then that is a “problem.”
Lastly, when it comes to “honouring” agreements, if you sat here every day with me and watched what has happened to hundreds of land buyers in Costa Rica, the word “honour” would probably disappear fairly quickly from your vocabulary.
Scott Oliver – Founder
WeLoveCostaRica.comI think one of the problems is this aggressive marketing and you reap what you sow…I agree that a consumer must take responsibility for there actions, however these aggressive sales tactics will lead to un-happy buyers. The model of sending $25k to see a property before visiting the country/development is questionable. Get there money then negotiate is a tactic designed to position yourself on higher ground. A financially/ethically sound company would not do business this way. These companies know there will be repercussions for doing business this way, believe me I’m sure the strategise how to keep a buyer on board once money is sent at there sales meetings. The best way to avoid all this is just wait until you get to Costa Rica to get your check book out, and if someone won’t show you property unless you fork over money look elsewhere. When I bought my property the money went into escrow with Stewart title and I had 30 or 60 days to ask for a refund, I did not have to ask the developer just call up Stewart, that gave me a level of confidence. I was in Costa Rica when I bought the property though as well. I don’t feel sorry for Paragon or Costa they ask for these problems when they do business like this and they know it. I do think they should offer a better level of consumer service, and not be so predatory.
How about any reason for cancelling, concrete, or as lame as can be; anything will do. Just curious…
It seems I’m the only one interested to know the facts and the details of the contract.
With regards to your comments about honour I’m at a loss unless you are suggesting that these companies are ripping people off I see little connection with your own daily bad experiences. Which brings me full circle to where we started.
In summary, the deal was cancelled for unknown reasons on a contract about which the readers of this forum know absolutely nothing.
The strange thing is I’m not trying to fight with you or anyone else here but I would like the full story.
Steve,
I have not sent a deposit. I am flying down to Costa Rica at the end of June to meet with a real estate person. I appreciate all the responses from everyone representing both sides. Although I feel dealing with this particular company would have worked out okay and subsequently spoke to a few people that bought and a few people that received their money back, I believe that it would be irresponsible to put down money on something I have not seen. There are some of these companies that are very professional and easy to deal with and others that are not. Unfortunately the ones that are not give all a bad name. This would be the case in any industry. I might of got caught up in all I was reading about Costa Rica and gave myself a false sense of urgency. I will take my time, do my research and find the best deal for my objectives. Looking forward to my trip.
Thanks,
Tomparagon this paragon that, crtropicals, costaricanproperties.com, can anyone see that if people are dumb enough to buy property from someone that hasnt even seen the property them selves, and send money to an escrow account, thats not a fortune 500 company, or go thru the same sales pitch on how time is limited from all three companies, listen to their spill, send them 25k, and not be able to fund the full amount so they can get title, or not see one completed project, other than an edited video, how can anyone call them a victim, unless you claim that these guys are comparable to child molestors who prey on the innocent,,,i dont feel sorry for any of these clients, i mean if the banks in cr are not trusting the developers to complete the project why should you..
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