A memorable sale of property in Santa Ana, Costa Rica

A memorable sale of property in Santa Ana, Costa Rica

By Ivo Henfling

To be a real estate agent in Costa Rica, you really need to love what you do. I DO enjoy what I do, every day. When I get up in the morning, I know something is going to happen today that will make it another memorable day in paradise. I sometimes think about those people who for 30 years, day in day out, do the same thing over and over again.  I never do the same thing ANY day in my life and that is fun. Let me give you an example.

During Easter week I was going through the testimonials I received from my past clients and I found the longest one I have ever received. It was from a happy seller, whose house in Salitral de Santa Ana I listed in 2007 and was probably the most memorable sale I ever made in my real estate career, the listing is still online.  When you look at the pictures of the home, you will see why and that it shows that to be a good real estate agent you have to be smart, inventive and excel at what you do, but the seller needs to help the real estate agent a bit. My seller did and it was a win win situation for everybody.

That’s why you should contact me if you are in the market to buy or sell Costa Rica real estate. Read in the testimonial from my seller John Pond why:
For more than 15 years I lived on a Costa Rica property which I had bought in an area called Salitral de Santa Ana. This place is about 5 kilometers south of the town of Santa Ana itself.

      

Because of personal reasons I had decided to sell my place and move to another Central American country. And, to this end, I attempted to sell my property myself for more than two years. I had used the internet to initiate the sale. After a numerous of individuals wanting “more information” or “new and different photos”, and the troublesome stories of the many, I lost my patience to frustration. At one point, I had used my Architect to do the photography part so the pictures would be more professional in nature. Everything I tried was of no success.

         

After this relative long period of “trying to sell” this Santa Ana real estate myself, a very good friend of mine asked me to try Mr. Ivo Henfling of GoDutch Realty. This person had sold property before through Ivo and he had presently a home listed with GoDutch Realty. I had previously “bad luck” using realty companies, but I was “getting no-where fast” selling my place on my own. So, I phoned Ivo’s company for a meeting with him.

 

          
Ivo Henfling immediately offered me suggestions on how it would be best to quickly close a deal. He impressed me so much that I agreed to let him act as my agent in this transaction.
Ivo had a multitude of clients and he would always telephone me first stating the ETA of his showing. This, along with the number of personas accompanying him, would be the lead subject as to the reason for bringing these individuals for a viewing in the first place. To me, this was very comforting and impressive.

   

In a very short while a 100% cash deal was made by Ivo. At the closing, he handled all the details at his office so the transaction went smooth and trouble free. Due to his efficient handling of the whole matter I was able to depart ahead of my original plans and to do so knowing that all was handled efficiently and correctly.

I would recommend Ivo Henfling and the GoDutch team to anyone wanting a very honest appraisal and a prompt sale of their Costa Rica real estate holding.
John Pond

A memorable sale of property in Santa Ana, Costa Rica

Absolutely trying hard to adjust in Costa Rica

Absolutely trying hard to adjust in Costa Rica

By Ivo Henfling

In November 2009, I was introduced by an old client, who by the way didn’t buy Costa Rica real estate from me, to a very unusual couple. I mean unusual because they were much younger than most of my clients who come here to retire because they’re over the age of 60 and this couple was barely in their 30’s. Husband Ethan, the 7 month pregnant wife Antoinette and their 1 year old son Sir were moving to Costa Rica and were looking to purchase real estate.

Antoinette and Ethan had been looking at properties for quite a while with different Costa Rica real estate agents and had one complaint: the agents didn’t listen to what the clients were telling them they wanted.

Now Antoinette and her family live in Alajuela happily and work hard at adjusting and learning Spanish. And I love ’em to death because they try so hard adjusting and trying to become full-fledged Ticos.  Antoinette even writes a very interesting blog that she calls Pseudotico - Trying to be a decent Costa Rican! Everyone thinking of moving to Costa Rica should read her blog, I definitely recommend it.

So how did they end up buying a property in Alajuela? We all sat down at the Bed & Breakfast they were staying, to chat a bit so they could tell me about their lifestyle and what sort of Costa Rica property they were looking for. They told me how Ethan used to play NFL American Football professionally, first with the New England Patriots and then 3 seasons with the Cleveland Browns when he got injured and wanted to start a new life in Costa Rica. For fun, he was becoming a defense coach for the Bulldogs, an American football team in Costa Rica. Of course the Bulldogs are champions year after year. If you like American Football in Costa Rica and you are on Twitter, you can follow what is going on or the American Football federation of Costa Rica also has a nice website.


I think I emailed them only 4 properties for sale that would fit their bill and Antoinette fell in love with the very first one, even before she saw it. Even though I always like to leave the best property for last, Antoinette insisted on seeing the one she liked best first. I had to really convince them they should look at the other 3, even if it was only for comparison.  They didn’t really look during the rest of the property tour. Number 1 was and would stay number 1 on the list.
Since Antoinette was pregnant and she had her baby just after we closed on the property they bought in Alajuela, the whole family was able to get residency because the baby was born in the CIMA hospital in Escazu.  They have been remodeling the house and enjoying all the fruits that grow in their garden.

Their neighbor, Alfredo has become their trusted gardener and right hand and they have been able to remodel quite a large bit of the house. I really need to get back to see what they have been able to do lately.

 If you plan on moving to Costa Rica, read up on Antoinette’s blog, she writes funny and entertaining stories about all the fun things that happen to her and the kids and about the things she misses from back home and how she found better replacements for those things. I’m sure you’ll enjoy her stories.
Antoinette, you're doing an incredible job, keep pluggin' away at it.

Absolutely trying hard to adjust in Costa Rica

Are gay people also moving to Costa Rica

Are gay people also moving to Costa Rica

by Ivo Henfling

Because I grew up in Holland it comes easy to talk about the topic and quite a few gay people email me asking that question: “are gay people moving to Costa Rica”. The answer is yes.
When I was a kid, there was a gay kid on my block and at the time nobody would talk about it. He was the first person on national TV with his partner, talking about his experiences of coming out of the closet.
Jeez, I knew when I was 12 years old that he was gay. His mom and dad were very religious, poor guy, he suffered a lot and his mom and dad probably too. That was like in 1972.

A macho community

When I moved to Costa Rica, I used to go to Ojo de Agua once in a while, a large public swimming pool near the International airport Juan Santamaría. A gay man walked around the pool and hundreds of people whistled at him. Costa Rica was a very macho community back in 1980. Today, Costa Rica is still quite macho and the Catholic Church is not helping much.
The church of course disapproves and they still have a lot of power in the Latin American countries. Gay marriage is not accepted yet and the gay community in Costa Rica is constantly fighting for more rights, little by little things are changing.

Live and let live

Today’s blog is not about the right or wrong of being gay, it is about being able to live in Costa Rica when you are gay. I hope this topic doesn’t bother any of my readership, it shouldn’t.
Live and let live. I am straight but it doesn’t bother me at all to be around gay people. I have had many gay clients over the years, men and women alike. There are quite a few gay on my newsletter list, they are very good clients and they are very loyal with the real estate agent they decide to stick with.

70 homes for sale

Years ago, I had very nice clients (all my clients are nice by the way), two lesbians. We looked at about 70 homes for sale, but they stuck with me. The problem was that they didn’t like bathroom tiles with flowers and yes, you guessed it right.
They finally decided to buy a beautiful home in Curridabat and remodel the bathrooms. When my wife and I arrived at their housewarming party, though I had warned my wife, she almost got a heart attack seeing that everyone in the room was gay.  After an hour or so, she told me that she didn’t feel uncomfortable anymore.
Today, she has quite a few gay friends as she found out they are not from a different planet, they’re not animals but they are just a bit different than straight people. She just never had contact with gay people and it had always made her feel unconfortable.

The gay community

I don’t know how it feels to be gay in a straight world; I do see that my wife’s friends feel very comfortable talking to me because it’s not an issue to me.
For those gay people who want to move to Costa Rica, there are many gay bars and discos for the gay community and the gay community is quite large. You can walk the streets without being whistled at. I think that generally, the local straight people are accepting the fact that gay people are people too.
If you are gay, and looking to move to Costa Rica and want to buy Costa Rica real estate, feel free to contact me.

Are gay people also moving to Costa Rica

Cerro Colon Costa Rica

by Michael Newhouse - GoDutch Realty

An exclusive gated community in Ciudad Colon

Cerro Colon means "Colon mountain". Cerro Colon is a very upscale condominium - residential gated community located in the Ciudad Colon foothills only 3 blocks from downtown. Cerro Colon was developed in 2006 by Inmobiliaria Lauca, where they subdivided the 57 acres in a low density community, allowing only for building lots of over ¼ acre (1,000m2). Cerro Colon real estate for sale by GoDutch Realty.
Cerro Colon condominium consists of a total of 81 lots in three phases with high quality services and amenities, starting with a very elegant entrance and roads with pavers and nice sidewalks. The building lots were subdivided in such way that all have sweeping views of the valley and surrounding mountains. In 2012 there are about 15 luxury homes built in the community and more under way.

Cerro Colon Location

Access to San Jose, Escazu, Santa Ana and the internationall airport in Alajuela, as well as the Central Pacific beaches is incredible from Cerro Colon. It will take you only minutes to get to the new highway San Jose - Caldera, which will give you easy access to all the above locations. Therefore, you are only minutes away from shopping and hospitals, amongs other services. The weather in Ciudad Colon is similar to Santa Ana, Atenas and Cariari with temperatures that average 85ºF.

Cerro Colon building lots

The developer has still some building lots for sale, in the different phases of the development. We of course also list Cerro Colon building lots for sale, feel free to check what is available at the bottom of this page. Cerro Colon competes with Atenas on Luxury homes in a gated community.

Cerro Colon homes

All homes in Cerro Colon are custom designed and custom built by the owners. All designs of new homes in Cerro Colon toi be constructed, have to be approved by the construction comittee. All homes built in the community are luxury homes or mansions, which gives the owners great security of their investment. If you are interested in looking at Cerro Colon homes for sale, check at the end of this page.

Cerro Colon Security

The community is fully fenced and gated, with only one entrance and exit. The elegant entrance has a spacious Spanish colonial guardhouse with an owner entrance for quick entrée and a separate visitors’ entrance. Opposed to most other communities, the entrance is very ample and visitors’ cars waiting to go through will not block the owners’ entrance. The guard house is manned 24-7 and guards go from there on a motorbike to do the rounds through the community.

  

Cerro Colon Services

All building lots have water, power, phone cable TV and internet connection at the front of the lot. The monthly condo fee includes maintenance of the common areas as well as the 24-hour security.

Cerro Colon Nature

Cerro Colon was developed in a low density area which gives you the sensation of living in the middle of Costa Ricas' beautiful nature while being walking distance from your shopping. The developers have done well by guaranteeing architectural harmony of future buildings, security and proper maintenance of its urban infrastructure and green areas in their condo rules.

  

In a common area over 1 acre, the community has a reforestation program where more than 500 trees have been already planted. Several lots border on river protection areas and there is a 2 km nature trail through the community where you can enjoy your morning walks.

Cerro Colon Clubhouse

The Club House is located in the middle of phase I and a main attraction of this beautiful gated community. Few developers spend so much time and effort on making such a beautiful area for common and social activities.

 

The Clubhouse is a 4,000 square feet (370m2) two story modern colonial structure of very well furnished social areas with plenty of seating areas, bbq area and a magnificent pool bordering the forest.

  

There is an additional children’s pool, a wet bar and comfortable restrooms. The 2nd floor offers a living room with cable TV and wireless internet.

  

The clubhouse area is almost 2 acres in size, including a large parking lot and set apart from the home lots so noise will never be a problem.

Cerro Colon Tennis Court

The tennis court is located at the entrance of the community, where it also offers plenty of parking.

The Cerro Colon developer

Inmobiliaria Lauca, the developer has developed other communities like Residencial El Coyol, Urbanización Los Laureles and Urbanización Los Cafetos.

Feel free to contact us NOW so our Agent in Ciudad Colon, Michael Newhouse can show you all Cerro Colon property for sale. If your search above does not turn up any results, please contact our agent.
If you ask yourself how to get there, we have very strange addresses in Costa Rica and if you do not want to get lost, just conact us so our agent can take you there.

Cerro Colon Costa Rica

Costa Rica escrow and real estate closing

by Ivo Henfling

Why run the risk of losing your money

You want to purchase Costa Rica property and you have your money still in your own country.Your GoDutch Realty agent has found you the right property and your offer has been accepted by the seller. Congratulations, you are on the way of acquiring a beautiful property in Costa Rica but might be a long way.A Costa Rica real estate closing can be very smooth, if you allow a professional handle it. But the real estate closing can be full of obstacles too. Stay away from those obstacles and use Costa Rica escrow.
Your real estate agent sent the accepted offer to your attorney to have the option to purchase – sale agreement to be drafted. At signature of this agreement, you will have to make an earnest deposit of 10% (this is customary but negotiable) of the purchase price.
Your attorney doesn’t have an Costa Rica escrow account. You have no bank account in Costa Rica yet and the bank won’t open one until you have residency. So where should you send the earnest money to? Costarican sellers usually want that earnest money to go to them but you should insist it goes into escrow with your attorney.

An attorney with no escrow account

A couple of weeks ago, the buyers’ agent brought a client who had an attorney representing him who had no Costa Rica escrow account. She held the earnest money check, a cashiers’ check in her name (!!) until the closing. When we got to closing, nobody had figured out how to cash a $21,000 earnest money check in the attorneys name and pay commissions to two real estate agents, pay the attorney her fees and the transfer taxes and transfer the leftover to the seller who was leaving the country the next day.
Banks in Costa Rica do not carry that kind of cash. What an unnecessary hassle at a moment that should be a happy one for everyone: the real estate closing. Guess who spent the whole Friday afternoon in the bank with the seller to get paid.

The why

The US government has been pressing the Costarican governments to call anything over $10,000 money laundering if there is no proof of origin of the funds. It doesn’t have anything to do with drugs but it has to do with control on US citizens and them paying their taxes.  The new DIMEX residency card is also part of that whole Big Brother thing.

The when

Don’t wait until you run into trouble. Why even look at Costa Rica real estate for sale if you don’t have the solution to being able to pay for your property? Pick your Costa Rica real estate attorney BEFORE you start looking at Costa Rica property for sale. Don’t EVER pick a closing attorney who doesn’t have an escrow account registered with SUGEF.

The how

The solution is very simple. All funds, the earnest money as well as the lump sum should go through a Costa Rica escrow account that is registered with SUGEF.
Even though Costa Rica does NOT have escrow laws like the USA has, there will be a paper trail that is supervised by the Costarican government (SUGEF).
If you do as described in that transaction above and give the closing attorney a cashier’s check in her or his name you ask for trouble. What will happen if she passes away before the real estate closing?
Using escrow in a Costa Rica real estate transaction makes it not only easier for the buyer but also the seller will have no trouble with the proceeds.

Costa Rica escrow and real estate closing

Costa Rica weather and temperatures

By Ivo Henfling

Working in shorts and on flip flops in Costa Rica

I just received some very cold looking photos of snowcovered roads full and roof tops and cars covered in snow from a friend and I am sitting here at my desk, looking over my computer monitor at the beautiful Escazu mountains on one side and the Heredia mountains on the other, with the sun shining in the palm tree in my neighbor’s yard. And I am sitting in shorts, a t-shirt and flip-flops, enjoying the Costa Rica weather and the 78ºF temperatures that we have almost year round.

Don’t you just hate me now? I bet you do! Be smarter than that, move to Costa Rica just as I did many years ago and buy a property in Costa Rica from me. That way I can keep working in shorts and flip-flops. I still think it was the best decision I took in my life. God, I always hated the cold and I bet many of you do too. If you are still dreaming about moving to the tropics and get your taste of Costa Rica weather, keep reading. If you already did, read on and enjoy the fact of having taken the right decision by moving to Costa Rica.

Stop cleaning your frozen windshield

If you run an internet business or any business you can run from home, you can do what I do: work in shorts and on flip-flops and enjoy the Costa Rica weather. If you don’t have a business, we’ll sell you one, don’t worry. Or if you are planning for Costa Rica retirement, you have a bright future, especially if you ask us how to use your IRA, 401 (k) or RRSP. The world has become so small now that it doesn’t matter where you work and where you live as long as you can enjoy it. You can sit at your computer or at your pool with your laptop and enjoy it as much as I do. But before you do, check out the residency requirements on our website.

Throw out those ties

I threw my ties out 32 years ago. I keep one for receptions and burials. I only dress up when I have clients and as soon as I get back, I change back into shorts again. If my clients are nice people, I can feel comfortable to dress shorts when showing property to them. If I don’t feel comfortable, I generally get rid of them quickly and send them to my competition.  Who needs a client who is not nice anyway?

Sunshine baby

The most interesting thing about moving here is the Costa Rica weather and the temperatures. You just choose what temperatures you like best and that will tell you the location where you should look to buy a home. That is why it is VERY important to choose a real estate agent who knows the Central Valley well, although these maps below give you a pretty good indication.

The first map is a Costa Rica Rainfall map and you will really want to look at that because one can put up with only so much rain. If you click on it, you’ll find it is interactive. If you hold your mouse over a location the chart will show when the rainy season and dry season occur and the colors give you indication of the average yearly rainfall.

Another map that is very important and probably even more than the first one, is the Costa Rica Sunshine map.  Click on it and you’ll find the interactive map showing monthly regional temperature charts. The Costa Rica guide has a lot of great information and sell good maps.

Your own flipflops

Come and get the weather of your dreams and bring your own flip-flops. If you like my stories, click on the flip-flops on your right, so you can follow us on all the social networks like Google+ and Facebook. If you’re not totally sure yet, check out how to winterize your vehicle before the next winter hits you, then re-read my blog.

Knowing what kind of climate you would like to live in will make the search to your dream home in Costa Rica a lot easier on you.
We know how important it is for you to find out which Costa Rica weather and temperatures will suit you well because all our agents once had to go through the same steps as you are going now. And that is the reason we have agents in different locations in the Central Valley and have our Costa Rica Home Specialist Rudy Matthews who can help you find the right place to live and that property you are dreaming of, ask any of our clients. Contact Rudy now!

Costa Rica weather and temperatures

Roca Verde real estate in Atenas

A fine Atenas luxury gated community

Roca Verde gated community in Atenas is a fine luxury gated community. Homes in Roca Verde start as low as $250,000 and luxury homes start at $500K and go all the way up to almost $1M, depending on the views, the size of the home and the quality of the finishes. This beautiful gated community offers the best views in town and was developed in 2004 by master developer Jean Luc Sauvé and his partner Normand Bastien.

Roca Verde is located only two miles out of Atenas, where you have all the amenities and services you will be looking for when you move to Costa Rica. Located on an Atenas mountain range of 2,200 to 2,500 feet elevation, this community offers 75 home sites with lots varying from ¼ acre to 1 ¾ acres, in 3 phases. The community is not a condominium and there are no CC & R's but is legally a subdivision.

Location, location, location

If you plan to retire in Costa Rica and purchase Costa Rica real estate, you should get a good look at Roca Verde, one of the largest gated communities in Atenas. Roca Verde offers a lifestyle for you. Access is incredible good as you can drive to San Jose, by using the new highway San Jose – Caldera, just minutes away from Roca Verde, in more or less half an hour. You can reach the Central Pacific beaches by the same highway or taking the old road in much less than an hour.

There are several private and public hospitals within a 30 minute drive and there are plenty of Spanish language schools in the area. Atenas has it's own gym and even Yoga classes.

Roca Verde utilities and employees

The Roca Verde gated community offers a 24-hour guarded main gate and concrete roads. Roca Verde has its own water wells and a huge water reserve tank on top of the hill, so there are never any water problems. Most homes in Roca Verde have their own swimming pool. Power is above ground. Cable TV and internet access is available as well as phone service. Atenas offers a great supply for gardener and maid services.

Roca Verde views and weather

Most luxury homes in Roca Verde have great views, to the north and to the south, as that is what Atenas is all about. Atenas is known for having the best weather in the world and it doesn’t matter if this is true or not, it still beats the weather in Canada and most of the northern states in the US.

Since Roca Verde is a hilltop, the breezes keep the houses cool all year round and I don’t think anybody has an a/c in their house. Most homes in Roca Verde have only ceiling fans and good cross ventilation. Of course, if you insist on A/C, we’ll connect you with the right people with pleasure.

Roca Verde Neighbors

Most neighbors are originally from all over the world. I have heard at least 6 languages spoken at many of the get-togethers, bbq’s, fiestas and other fun things the neighbors organize.

You’d be surprised how fast you’ll be part of this community. The even have their own Facebook page, how many communities in Costa Rica have that?

Roca Verde Security

Costa Rica is a 3rd world country and once in a while we have security issues – mainly a simple break-in – and Roca Verde is not the exception. Many Roca Verde residents are snowbirds and live elsewhere half the year and just lock up their Roca Verde property for longer periods of time. We just want to make sure you realize that no one is exempt from robbery in Costa Rica or even in Roca Verde gated community.

Roca Verde FSBO

Of course you can find Roca Verde on your own, but why would you, if you can count on the services of a Costa Rica real estate company that can give you “the Ultimate Experience” for FREE.

Buying a property in Roca Verde through FSBO is not smart. Through our real estate agents Isabelle Jones and Claude Dugas, you will have the option to look at EVERY house for sale, lot for sale and house for rent in Roca Verde and enjoy their expertise FOR FREE. Ask our clients!

Roca Verde real estate in Atenas

A Costa Rica real estate agent with no communications skills

by Ivo Henfling for the Easy Times

The internet is one of the best research tools ever invented, especially if you are looking to purchase Costa Rica property from a distance. But your worst start would be with a Costa Rica realtor who has no communication skills and uses foul language.
I’m writing this blog because I was contacted last Sunday June 10th, through a private Twitter message “Iva, what is needed to work with you”. The message was signed by Russ from Costa Rica Property.

This Costa Rica Property person has followed and re-tweeted many of my blogs on American European real estate group as well as my blogs on GoDutch Realty during quite a few months. I thought it was kind of strange he would call me Iva after reading and retweeting so many of my blogs but didn’t make an issue of it.  I answered Russ that he needed to be in a certain location in Costa Rica, not yet covered by an associate real estate agent or broker to work with our group. Twitter doesn’t give you a lot of space to give a long answer.
In his answer he called me Ivan this time. This is when I felt the need of telling the person that my name is Ivo and not Iva or Ivan and that in sales it is important to get someone’s name right. Maybe that was not nice of me, I don’t know, but I like to be called by my name.

Twitter

That is when I receive another private message through my Twitter account that I prefer not to spell out but show you the picture of the message below:

Costa Rica Property

Because of his message, for the first time I had a really good look at his Costa Rica Property website. Wow, unbelievable, another Costa Rica real estate website that does not carry any photo of the real estate agent or broker, no name, no nothing.
Not only does his foul language show a lack of education and communications skills, he also doesn’t want anybody to know who he is or where his office is as there is no phone number and no office location anywhere on the website.

Hiding something?

Who is the person – broker - realtor behind a Costa Rica Property website? Are Costa Rica real estate agents who don’t even put their name or their picture on their own website hiding something?
In Costa Rica, you don’t need to be licensed to be a real estate agent, so what is there to hide?  GoDaddy has the Costa Rica Property domain registered in a different name.

Before you buy a property

I still do NOT know who Russ is, the person who sent me that cozy Twitter message, but I can assure you that he will be the person who will be attending you if you plan to buy any properties in Costa Rica from that company.

Before you purchase properties in Costa Rica from any real estate agent, make sure you check on the agent and the broker first. I’m sure you now understand why.

A Costa Rica real estate agent with no communications skills

Foreclosure Auction coming up on Escazu property

Press Release by Mortgage Broker

Upcoming Real Estate Foreclosure Auction of Escazu home by mortgage broker on the 14th of June 2012, contact us now for participation. This Costa Rica real estate auction will take place at 1600 hours in the Stewart Title building in Escazu.
Have you been waiting for your chance to purchase a Costa Rica property at a bargain price? This is your chance. Bottom feeders are welcome! This home was rented at a very good ROI and will be delivered in good working condition.
If you would like a member of our real estate team to represent you at this upcoming auction, just let us know.

The property

This two-story Escazu home is in a prime location only blocks away from Multiplaza in Escazu, in a very secure compound of 5 homes. No condominium fees.

 

This 4 bedroom / 4 bathroom home for sale offers large social areas and kitchen, plus a good size laundry area. Good sized garden and plenty of parking.

 

Property Size: 694.39 m2 (7,638 sq.ft.)
Construction Size: 470 m2 (5,170 sq.ft.)
The opening bid must start at US$265,101

Terms and conditions

Bidders must deposit 50% of the base price by certified check or direct deposit into the account of the Trustee, having a time limit of three working days from the date of the auction to deposit the remaining fifty percent and have to pay the corresponding title transfer cost.

 

Failure to pay on time, the auction will be declared groundless and fifty percent of the selling price previously delivered to the Trustee shall be retained as compensation for damages caused.
In the absence of bidders in the first auction, a second attempt will be made ten working days after the first and with a base price of 25% below the base of the first auction. In case of no bidders in the second attempt, and ten days after the second auction, there will be a third attempt with a base of 75% below the set as a base in the first auction.

    

At any time the auction can be suspended in case the borrower cancels the entire amounts due under the guaranteed loan and all fees, insurance and other costs incurred by this Trust.
If you are interested in any other Costa Rica real estate auction, make sure you subscribe to our weekly newsletter and you’ll be kept up to date.

Interested parties can contact us NOW for more information. Real Estate agents are welcome.