stephenf

Forum Replies Created

Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • in reply to: Costa Rica Realtor Dilemma – Client ethics #192208
    stephenf
    Member

    sorry i left this out..

    ethics are more of the morals a professional lives by in performing his business upon which others should be able to rely

    there is no ethics code owed by the customers….as there is no contractual relationship implied or overt…..unless it was agreed on beforehand
    ie….if realtor told buyer if you buy a house i show you and must pay commission BEFORE and buyer agreed….then there is an oral relationship now ….that may or may not be enforecable according to law…in the usa likely not enforceable under statute of frauds BUT there may be an argument of partial performance to get around it

    in reply to: Costa Rica Realtor Dilemma – Client ethics #192207
    stephenf
    Member

    i agree scott…..no soup

    agent needed to have a written contract before showing it to buyer and buyer did the best he could to protect himself with the best deal…….ie he owed no obligation to agent

    you asked about ethics . . . no ethics are owed buy buyer as you know caveat emptor

    if buyer signed contract before being shown……….he owes you

    in reply to: Tapping into the equity #192219
    stephenf
    Member

    my guess is cause in CR there is not a long and stable history of a proven market thats going to last

    one of the things the usa does is has home ownership as part of many industries that make it stable…….banks own part………lend money to buy it with reasonable repayment terms which people are willing to risk

    appraisals… title insurance……laws that favor the owner…..not the squatters.. ..jails for people commiting fraud….and all backed up by a kick a** military

    (no im not a war promoter…just stating the fact)

    in reply to: Costa Rica Real Estate in Decline? #192256
    stephenf
    Member

    voice of reason:

    scott runs a website called we love costa rica and makes money with the real estate market there….

    shhhessss think about it……….it called bias and its inevitable and NOT objective
    not that he is dishonest or deceiving…..hes stating his opinion

    really would you ask the restaraunt owner if his food is any good? if so, give me a call as i want to sell you my house in LA

    now…….as for someone with some objectivity….me….i dont own CR property and have been looking awhile and watching and learning……..the “hot deals” from 3-4 months back are still “hot deals”

    so from my perspective the market has and will continue to slow…..talk to CR lenders and you will see a big reason why………sure they’ll loan you money at a high interest if you have great collateral….gotta ask yourself why??

    so, its buyer beware…..there is money to make in CR real estate whether its going either up or down…..

    but as docker said….he wants his property to be tangible to him and close by

    i imagine he has studied owing CR property from afar and decided there are way too many risks in CR….the laws there are not exactly what i would call real estate investor friendly…..at least thats what i decided….and the other problem is even if you live there you gotta jump thru all sorts of stupid procedures to stay there every 90 days…etc…etc…

    now,,,,,as to CR being a beautiful and magical place….maybe its worth it to someone to pay for it and NOT worry about if they spent too much…or just rent>

    my dos colones

    in reply to: Costa Del Sol Project, Playa Bejuco #191426
    stephenf
    Member

    so i take it the biggest concern is the time it is taking to get the project finished?
    i was out there in april and saw them working alot…
    how about the drainage….what problems came up at this site during the recent deluges, if any…
    thanks…
    im still looking

    in reply to: Rentista residency status – Bank account #191111
    stephenf
    Member

    peg

    im not available for pensionado status…..thats why im asking\

    thanks
    stephen

    in reply to: Rentista residency status – Bank account #191109
    stephenf
    Member

    ok,,,,assumning one is rentista status…………
    what if the you dollar account transfers money to the colones account which is also an account from which you have set up to do automatic payments of your utilities and phones and taxes from…..
    and do those bank accounts you deposit the 60K into pay at what interest>>?

    also….does anyone know if they have bank accounts down there that are attached to an automatic debit/credit card….

    i keep seeing posts about people saying to use atm when in CR to get cash…
    what is the per transaction cost …..

    do the banks have checking accounts……..and if so is there any problems in having them accepted at stores and restaurants?

    in reply to: Costa Rica Roof Tiles – Plastic? #189713
    stephenf
    Member

    crhomebuilder

    do you know anyone in esterrilos area that can perform a property inspection on a house i am trying to buy……i will be there early june

    thanks

    stephen 818-781-3964 usa
    if you get a chance.
    email is fine too

    in reply to: Property Management Cos. #190468
    stephenf
    Member

    sorry Deb;

    but im looking for that same thing….esterillos area….anyoone have a good company?

Viewing 9 posts - 1 through 9 (of 9 total)