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It was interesting to read the Insider’s Guide #14′ email yesterday that stated (#4), “Do NOT assume that a property will be as easy to sell as it is to purchase.”
Any thoughts on this comment?It’s true.
I mean, think about it. It’s always easier to purchase something than to sell it. If you’re the buyer, you have already identified the buyer (yourself), determined the buyer’s price tolerance, and other requirements, etc. The buyer is in the bag.
If you’re the seller, on the other hand, you have to identify the buyer, determine his or her price tolerance and other terms, determine his or her ability to actually finance the purchase, etc.
Costa Rica real estate prices have remained remarkably resilient in the face of a dramatic decline in the number of real estate buyers from all countries.
Even though there is a shortage of quality real estate for sale in many areas, based on what I am seeing the number of real estate transactions in all market sectors has dropped significantly.
At the end of the day, if you are here to retire, then you need to find a place to live so find the location that’s most suitable for you and try to make the best possible deal and focus on enjoying life.
If you are here to invest in real estate, you might be lucky to find a “fire sale” but they are exceedingly difficult to find.
Scott Oliver
There has been property, well priced in good conditions, locations that have been on the market for years!
I have quoted that same statement, many times.three houses in my development have sold in the last few months and none were listed for more than 120 days.
And the old saying still applies “Location, location, location!” The market in Atenas (in a certain price point) is still moving well. But I still believe that the “turn around” time is longer in Costa Rica.
Maravilla, aren’t you up on the north side of San Ramon??
[quote=”sueandchris”]And the old saying still applies “Location, location, location!” The market in Atenas (in a certain price point) is still moving well. But I still believe that the “turn around” time is longer in Costa Rica.
Maravilla, aren’t you up on the north side of San Ramon??[/quote]
Assuming that the majority of buyers are American unless congress gets over their fear of spending and passes legislation to get job relief things may get a lot slower for sales.
A lot of people are still unsure whether the economy is getting better or not. Comapanies are sitting on more that a trillion $$ waiting for things to pick up and aren’t hiring. There are still more than 19,000,000 unemployed or under amployed.
Agreed. But I have recently met three different people from our small town who have cash and are headed to Costa Rica. There is still money floating around (albeit less money), but people are still interested in following their dreams. And I still think that the price point for resales is very important in this environment.
yes, i am north of san ramon, out of the fray of big city life!!! more cows than people here.
there was an interesting article on salon.com about the people who are surviving this crisis and still have money to spend on a home in costa rica, and those are the misers of the world, the ones who didn’t drive up their credit card debt, the ones who lived below their means, and the ones who are now the heroes because they are not losing their homes, and in fact are doing quite well in this mess.
That was a great article, Maravilla. (Titled “Cheapskates Next Door, The Cheapskate’s Revenge”. Our reading of “Your Money Or Your Life”, many years ago had a direct connection to our ability to move to Costa Rica this year.
[quote=”sueandchris”]That was a great article, Maravilla. (Titled “Cheapskates Next Door, The Cheapskate’s Revenge”. Our reading of “Your Money Or Your Life”, many years ago had a direct connection to our ability to move to Costa Rica this year.[/quote]
I read that book several years ago, too late in life to get the full benefit. I wish I’d read it sooner. I have always been a cheapsk…I mean frugal. My first wife always thought I was cheap, but I am the one living essentially debt free now. My opinion, if we all lived within our means we’d all be richer including this formally great country (USA).
For what its worth.
being frugal is a game to me. and it’s what has allowed me to build a house in costa rica, and still maintain the house i can’t sell in the States. my husband never worries about what things cost or how much he spends, so it’s good that one of us is cheap, er, uh, frugal! i finally felt vindicated when i read that salon.com article.
Worrying about expenditures is usually assigned to the male – that is in the popular culture. So, its refreshing to see that a frugal women exists. Just kiddin’ – I have know a lot of women that budgeted and ran a great household. My mom among them!
[quote=”Phil13″]Worrying about expenditures is usually assigned to the male – that is in the popular culture. So, its refreshing to see that a frugal women exists. Just kiddin’ – I have know a lot of women that budgeted and ran a great household. My mom among them![/quote]
:wink:Hey, it’s good to hear us cheapskates getting a round of applause! My husband has been embarrassed by my frugality at times, but not anymore. Now we get to move to CR soon because we’re debt-free. Our final adventure commences…
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