Expat Community > Costa Rica

pato23
Joined 2002
Posts: 765

Pacific Coast of Nicaragua-Land Titles

17 years ago

Beachfront Land Titles now being challenged in Nicaragua...beware of purchasing Real Estate anywhere in Central America and never on teh Internet, sight unseen..some advices...

COMMON SENSE....... Some basic facts to save you time and money, ..this is all common sense

1. Purchasing Real Estate in Latin America (an example from Nicaragua)
"If you are looking to buy just about anything in Nicaragua or the rest of Latin America in general that does not have a well-established price there is going to be a time vs. money tradeoff. That is, the best price will go to people with these characteristics:
You are a member of the local community.
You have brown skin.
You speak excellent Spanish.
You don't appear to have a lot of money.
You are patient.
Depending on who you are dealing with, the value of each of these characteristics will be different. While you may not be able to do anything about skin color, the rest you do have control over. In fact, most just amount to patience. I suggest, for example, that you will spend less total dollars on a house/land if you rent first, learn more Spanish, get involved in the community and wait. You don't have to do this but you just need to remember that you elected to spend more money rather than be patient!"
"Once you find your dream home/land/whatever and have the price agreed upon, you need to do your homework before you hand someone a pile of money. Start by getting a copy of the seller's 'Escritura' which shows they own the property. This will contain a legal description which you should check out. It will also have a section added on the end by the Registrador which states that the sale has been registered. It will give the location (Asiento, p´gina, Tomo and Folio) where this is recorded. If all this checks out, you are close. One final document you will need is an 'escritura de libertad de gravamen' which you can probably guess is a document that says there are no leans on the property. The seller should get this from the public registry. At this point you should be able to go to any lawyer who will write up a new escritura for your purchase. You give the seller the money, sign the documents and you get the escritura to take to the registry to register your title." Regulations and customs vary from country to country of course.....

....We live and work throughout Central America and we know what we are talking about. If you want to move to any country in Central America, or if you only want to combine a vacation with an education on what it would be like to live in this part of the world, or perhaps volunteer long or short term in humanitarian aid projects (a good way to start for many) view: http://www.volunteersouthamerica.net/ (Central and South American non profit projects that charge the volunteer very little or nothing to register for their programs, along with many other links useful to volunteering) this is the place to start.

.. If you have any interest in living in 'paradise' you'll want to find out more! If not interested, pass on the information to a friend who may well be. .......see the country " from the ground up" , experiencing what it's really like to live here . Contact me anytime by private messsage or e mail [email protected]

Have small investors interested in Central America

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Pacific Coast of Nicaragua-Land Titles

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