Luxury Home in Costa Rica
According to Yalile Alpizar, President of Costa Rica Luxury Estates, million dollar homes and luxury real estate in Costa Rica have experienced an interesting increase in demand by Canadian buyers who have found in Costa Rica the perfect fit for second home ownership and retirement.
They are mainly looking for luxury homes in Costa Rica that basically meet the following requirements:
In the million dollar range buyers tend to be more demanding, this includes, ample parking facilities, a guest house, caretakers facilities, impeccable grounds, high speed internet and good finishes.
Clients are mainly looking at property with good discounts. Over the past few months discounts range from 20% to 50% depending on the urgency of the seller. Negotiations take more than usual, meaning that a buyers want to make sure they get the best out of the deal.
Cash is the king, and buyers know that. In a cash offer usually inventory comes as part of the deal. That includes most of the furniture, if not all of it, equipments for the operation of the property, and sometimes art, decorations and even a car.
When visiting www.costaricaluxuryestates.com buyers tend to visit regularly a page that shows all properties that have been reduced in price over the past year: http://www.costaricaluxuryestates.com/
Even if a property offers a good discount, buyers will always place a lower offer in order to get the best out of the deal. This is not good for sellers, as closings are taking place with very large discounts.
