Expat Community > Nicaragua

NYCExpat
Joined 2014
Posts: 1

Nicaragua Real Estate

10 years ago

I'd like to hear opinions on final sales price vs asking price for Nicaraguan real estate.

During my research online and in-person this appears to be 100% a buyers market. It seems a lot of asking prices are fantasies and if you compare different listing sites/sources you can usually find the property listed for different prices.

Example: I've seen the same property listed for 185-225 on different sites.

I've also seen property listed for 249,000 reduced 3-4 times down to 165,000 asking. (which implies many of the asking prices aren't based on any logical valuation techniques or market forces)

My question is based on asking price what do you think an acceptable starting offer typically is? 70% of asking?

It seems there are few buyers and many sellers and there is little reason to offer asking on most properties unless they are clearly price below comparable properties.

Curious on others offering experiences and thoughts!

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Expat Community > Nicaragua

Nicaragua Real Estate

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