Buyer Beware: Getting Help With the Costa Rican Real Estate Market

Costa Rica can be paradise. However, the Costa Rican Real Estate market isn’t the same as the heavily regulated United States market.
 
 
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Jan. 4, 2016 - PRLog -- Costa Rica can be paradise. However, the Costa Rican Real Estate market isn’t the same as the heavily regulated United States market. Finding a home that was built by an American and is available through an American agency is important for American buyers.

Even an expert on the complex aspects of the real estate market in the United States will be somewhat confused looking at the Coat Rican real estate market. Margo Ackerman, of Ackerman Realty International (http://www.ackermanrealtyinternational.com/blog/), a real estate company that specializes in selling Costa Rican properties, explains: “It is not the same as in the States. It doesn’t have the same licensing and scrutiny. It is not uncommon for a seller to say ‘I want x amount of money for my property. You can sell it for whatever you want.’ and the real estate agent pockets the difference. It is a concept that we would never ever think of in the US.”

In the United States, realtors are licensed with the National Association of Realtors. Realtors and real estate agents have both been through classes and testing to be able to sell property. Realtors have also committed to upholding the standards and ethics set out by the National Association of Realtors. Failing to uphold these standards means that the National Association of Realtors could revoke the realtor’s membership. There are no comparable licensing requirement, or training, in Costa Rica.

Because Costa Rica does not have these regulations or standards, there can be serious problems for expats coming to Costa Rica to buy real estate. Most Americans do not realize that the real estate requirements are different, so they are not expecting the significant differences between the two markets. As Margo Ackerman points out, “I’ve been down here over seven years now, and I am still surprised with what can happen in a real estate deal.”

One of the best ways that an American who is considering buying real estate in Costa Rica can handle these changes is to deal with other Americans. Finding a real estate company that knows the differences in the markets and a seller that tailors to Americans is important. One such property is the Monterey Home, located in Central Pacific Costa Rica. An Costa Rican builder familiar with American construction built this new home, so its layout and design is very appealing to Americans who are considering living or investing in real estate in Costa Rica. It is also only about a mile from one of the finest beaches in the area, making it ideal for an American buyer.

This three bedroom, three bathroom home is gorgeous from top to bottom. A potential buyer will fall in love with its charm the moment that they see its arching windows. It also features a traditional great room and the open design makes it feel airy and relaxed. The large porch is a great place to unwind and enjoy the amazing Costa Rica weather.

The house comes completely furnished, with the exception of appliances, so it would make the perfect rental, summer home, or all-year-round relocation. It is located near other homes, so the owner could leave the home for longer periods of time without worrying much about the property. Finding a home like the Monterey House, from a real estate company like Ackerman Realty International will definitely help protect American buyers from the unknowns of the Costa Rican real estate market.

For further information, contact:

Margo Ackerman

Ackerman Realty International

US 678-799-9209 or CR 011-506-8-910-2904

margo@ackermanrealtyinternational.com

http://ackermanrealtyinternational.com/

Media Contact
Ackerman Realty International
US 678-799-9209 or CR 011-506-8-910-2904
***@ackermanrealtyinternational.com
011-506-8-910-2904
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Email:***@ackermanrealtyinternational.com
Tags:Real Estate Market, Costa Rica
Industry:Real Estate
Location:Costa Rica
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