Expat Community > Ecuador

bhjoffe
Joined 2015
Posts: 49

PURCHASING PROPERTY IN CUENCA

9 years ago

Howdy, folks.

Would you be so kind as to weigh in with opinions on negotiating the purchase price of property in Cuenca?

We have lived in Europe and across the USA, where we always have found that the listed price of a property is more likely its "asking" price. Rarely have we purchased property in places where the sales price was firm and not open to negotiation.

What about Cuenca ... now (vs. several years ago)?

We're considering several properties, including a 4BR 4BA TH with approx 1,800-sq-feet in the Rio Amarillo area listed for $120,000 USD. What would be an appropriate offer on a property listed at that price? And, above and beyond the price of the home, what can we expect to pay in legal, government, and other closing costs? In some places (like Mexico) the price of the property itself doesn't really matter ... within a few dollars the settlement costs more or less are the same (about $5,000 USD).

Is there an estimated amount -- or percentage -- we can use to calculate the true "bottom line" for purchasing property in Cuenca?

Thanks for your help!

William Russell

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Expat Community > Ecuador

PURCHASING PROPERTY IN CUENCA

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