La Mirada Real Estate

Jodi Funke asked:


A short sale occurs when a lender agrees to allow a homeowner to sell their home for less than the amount owed on a mortgage.  Why would he do this?

How the Lender comes out a Winner

While it may seem surprising that lenders would accept less than they are owed, they do benefit from the process.  The lender is going to take a loss either way.  He might go through the long, costly process of foreclosure and then another long process of evicting the homeowner, fixing up the property, listing it for sale and ultimately selling it for less than he has invested.  His other option is to accept a short sale now, avoid the foreclosure process and avoid being stuck with a difficult to sell property.

How the Homeowner Benefits

A foreclosure is very damaging to one’s credit report; with a short sale, the homeowner is doing their part to meet their obligation to the lender while minimizing the damage to their credit history.

Great for the Buyer

Though the process of a short sale can be frustrating, the buyer benefits by purchasing real estate at a reduced price; often for pennies on the dollar.  Buyers who are looking to negotiate a short sale should work with real estate professionals who are experienced at handling these transactions.

Sometimes the buyer is one who will be fixing up the home for their primary residence.  Often, the buyer is an investor who is looking to “flip” the property for a profit.  Lenders who accept a short sale frown on investors who profit from the very property that they took a loss on!  This is the reason for seasoning requirements; owning the property for a certain length of time before reselling.

Jodi Funke is the founder of http://www.cashforshortsales.com a company who specializes in short sale transactions.  Jodi is a transactional lender who provides funding for the investor to purchase a property on a short sale and sell the property for a profit the same day.  Their team of real estate professionals, attorneys and title companies are experienced at handling these transactions while working at the highest level of integrity.



La Mirada Real Estate

Gordon Hall asked:


 

Have you ever met a retiree who always seemed contented and always seemed to have money to burn? They always seem to have a smile on their face don’t they. They probably made their retirement money with a self directed individual Retirement Account or IRA, and possibly pointed their IRA towards real estate. If you can read on for a few minutes, I will try to point you in the right direction, so you too can have a smile on your face when you are purchasing real estate in your IRA.

 

When you add the benefits of a self directed IRA with your knowledge of real estate, The government in its wisdom, allows you to attract a tax rebate for every dollar you put into your IRA account in the year that you put it in, and you don’t have to pay any tax on your profits until you withdraw the money in your retirement. This means you have the power of compound interest working for you over and over again. The ROI is based on your knowledge of real estate and not on the yo yo effect of the stock market.

 

How Do I Purchase Property In Self Directed IRAs?

This is one of the most commonly asked questions your management trust is asked.



Open an account with your management trust, and fund the account through a rollover, cash contribution or money transfer.



Find the property you want to invest in, making sure you follow all the self directed IRA rules. Your management trust will guide you in following the rules.



Complete all the necessary paper work that your management trust will give you.



Check that the proper titles are on your paper work. Your management company, your name, IRA etc. It will all be laid out for you. The catch word is simplicity.



Make sure that all payments to and all expenses go through your IRA. When you are ready to sell your investment ie your property, your management trust will supply all the paper work, and will work with you and your title company/closing attorney to complete the transaction. All the profits from the sale are tax free and they go back into your IRA for your next investment.



 

Purchasing real estate in your IRA

The following are some prohibited transactions with a self directed IRA:



You can not buy property for personal use (present or future) with IRA funds.



You can not buy property from any of your family members or relatives.



You can not use your IRA as security for a loan.



You can not borrow money from your IRA.



You can not sell property to your IRA.

 



This is worth repeating, ie when purchasing real estate in your IRA, funds must come directly from your IRA. Your trust manager will send the funds directly to the title company/closing agent/attorney as per your instructions. Any expenses related to your IRA investment must be paid from your IRA and any income must be paid into your IRA.

 

There, that wasn’t too bad was it? Purchasing real estate in your IRA is really quite simple. There is a simpler more turnkey approach.

Go to the resource box at the bottom of this article and click on the url and go to my website. You will find more information on real estate investing there.

 

 



[La Mirada Real Estate]

Kris Koonar asked:


Florida, popularly known as the sunshine state, holds a lot of appeal for real estate investors. There are some basic factors that must be kept in mind before you decide to buy a real estate property in Florida:

Location: It is very important to identify the right property before you invest. A number of locations in Florida may not be worth the effort. If you are planning to purchase real estate in Florida then be aware of the companies who highlight properties that will fail to offer any value for your money. Never buy the property without viewing the location personally, since everything in Florida may not be an attractive investment opportunity.

Amenities: A realty property with amenities is considered a good investment. If you are purchasing a resort that is in the middle of a farm land, then you can not ask for anything more. A property in Florida next to the Disney World, a beach or a casino will be a profitable investment option. When you are looking for a realty in Florida, do not forget to keep the amenities in mind

Timing: Make sure that you buy real estate at the right time. You may have to pay more for the same property if you do not purchase it in time. The value of a property in Florida keeps rising. So make sure that you do not delay the purchase once everything has been finalized.

Research: The system, customs and laws for purchasing a property in Florida may be different from those in your country or state. It is advisable to conduct research before investment. You can take the help of a professional realty advisor, agents or brokers. Every property in Florida is listed on a central database system. A proper appraisal and research done on the property will make the purchase simple. Ask as many questions you can, but try to avoid too many opinions.

Real estate agents: Take help from an agent instead of doing everything on your own. There are more than a million licensed realty agents in America. Some agents may not brief you on the requirements and implications of taxes, home inspections or insurances. They may misguide you with impressive advertising and presentations and try to persuade you into buying the wrong property.

Negotiate: Make sure that you have the financial resources to buy the property. Once the appraisal is over you must make your own offer and even try to negotiate.

Resale value: Before taking any decision, think over the resale value of the property you are purchasing.

Cost of living: This is an important issue that must be kept in mind before purchasing realty in Florida. For instance, Orlando is among the states that have the lowest cost of living in America. Cost of living is an important factor because a property may be desirable, but if the basic necessities are not accessible or expensive, the property can lose its value.



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Deirdre Gonzales asked:


It is no hidden fact that, for most Filipinos, real estate is expensive. But since it is a very good investment, many are interested in purchasing. Of course, there will always be people and companies who are greedy for money. And they will do everything to make you fall into their traps and scams. Free yourself of burdens by doing it the right way. Real estate offers greater profit potential compared to most forms of investment. Do not let the nightmare of buying a property whose title would be in the hands of other people in the end, or of buying a property that is not worth of your money.

Since the process of buying a real estate Philippines is a very emotional experience, you should always be at your guard and stay detail-oriented. There is no need to search anymore for an affordable place to live or retire without sacrificing current lifestyles. Real estate Philippines is the ultimate place. Careful study should be done before finally deciding to invest. Know the background, contact information and business address of the company you will deal with. And always check if the person who claims to be part of the company really works there. You can see in his/her proper identification card if it is still valid or expired. Double check the name of the person in the company list. Do not sign any document unless you have not read it thoroughly. Usually, a lawyer is the best person who will help you review the documentation. The title of the property should be clean and an official receipt should be given after the purchase has been made.

Basically, you can finance a real estate purchase in three ways. These are via spot cash, deferred cash payment, or long term financing. Each of these has some advantages and disadvantages. Spot cash payments are usually done if the property was purchased directly from an individual. Using this financing scheme will make you get hold of the necessary documents in a short span of time. But if the property was purchased from a developer, long term payments can be availed. The deferred cash method is like an instalment payment but without the discounts and interests. Just like spot cash, you can have the important documents in a short period of time, depending on the agreed upon time-frame with the developer. Lastly, as the name implies, long term financing allows you to complete the payment in a longer period. But interest rates apply. The contract price is divided into the down payment and the financed amount. Payment rates will depend on your employment, income or business standing. While this option can make you feel that your payment rates are light and easier on the budget, your total payments are actually more expensive. You will realize such in the long run.

Find the security and refuge you need and want by doing your job of a little researching in real estate purchasing. And remember the safety tips mentioned above to stay away from living a life full of nightmares. The money you cashed out in buying your own property is a product of hard work. Do not let it all turn to dust.

Visit the website http://www.atayala.com.



La Mirada Real Estate

Jim Scherrer asked:


So, you’ve reached a point in your life where you think that you’ve learned a little about business, finance, contract negotiating, real estate, etc. and have at least a layman’s knowledge of law pertaining to each. Being that savvy, you might also be aware of the incredible retirement locations and values south of the border; furthermore, you might even be considering Mexico as your retirement destination. If so, you might as well forget everything you’ve learned and leave your law degree at home!

Mexico, as beautiful as it is, has a somewhat different way of doing business and a completely different set of laws. Additionally, all legal transactions, including real estate transactions, are done in Spanish. Therefore, for those of you that may be considering locations in Mexico as possible retirement destinations, the following information should give you some insight as to how the Mexican real estate industry works, list some of the possible pitfalls, and most importantly, give you the guidance required to assure a pleasant and safe experience.

In 1984, we made our first real estate purchase in Puerto Vallarta; a condominium in Mismaloya, about seven miles south of town. Our second purchase, two years later, was the adjacent condo. A year later, we removed the wall between the two condos and remodeled them into one very spacious three bedroom condo. For thirteen years, while still working in Houston, we thoroughly enjoyed visiting Vallarta two or three times a year.

At some time after the purchases of the two condos, we noticed that our original escrituras (legal property documentation similar to a title or deed that is held in a fidecomiso or bank trust) showed the property values to be about one third of what we actually paid for them. When we inquired about the discrepancy, we were told that the lower values were used in order to reduce our annual property taxes.

It wasn’t until many years later, when we decided to sell the condo, that we learned that capital gains taxes were due on the huge difference between the selling price and the documented purchase price. Ouch, we owed substantial taxes on a paper gain, when in fact; there was very little real gain! We then learned that the condo developer entered the extremely low sales prices on all the escrituras in the condo complex in order to evade paying substantial capital gains taxes. As we later learned, the developer could have entered the selling price, the appraised value, his cost of construction, or just about anything imaginable into the escritura, and we, being the naïve Americans that we were, were at his mercy!

Upon the sale of the condo, we bought a beautiful new mountainside villa with a panoramic view of Banderas Bay, El Centro, and the Sierra Madres. We saw the new villa advertised in one of the local magazines and asked our realtor friend to show us the property. He showed us what seemed to be every property in town, before reluctantly taking us to see the villa in the magazine. Some time after buying the villa, we learned that our realtor friend received only 10% of the commission on the sale because that was all the listing agent was willing to pay. The listing agent ran the ad in the magazine and didn’t feel that an agent representing a buyer was necessary in order to sell this beautiful new villa. Therefore, our agent spent a couple days showing us nothing but properties listed by his agency before caving in to our demands and taking us to the villa of our dreams; one that we have thoroughly enjoyed for more than a decade.

These experiences revealed the tip of the real estate iceberg and after living here for ten years, we’ve finally been able to expose the entire iceberg and share some of the details below.

To begin with, there are no licensed real estate brokers or agents in Mexico! In fact, there is no mandatory licensing for real estate agents in all of Mexico because the Federal legislation process has yet to accomplish it and therefore such legislation remains in limbo. In Puerto Vallarta, where there are in excess of 80 real estate agencies, there are probably more than 500 real estate agents with minimal qualifications. With the booming real estate market and economy that exists today, it’s quite obvious why we have such a diverse group of agents and brokers in Vallarta.

In order to have some degree of continuity from agent to agent, a voluntary association for real estate personnel exists in various areas of Mexico. The Asociacion Mexicana de Profesionales Inmobiliarios A.C., known as AMPI, is quite active in Vallarta with the membership of approximately 50 of the 80 real estate agencies in Vallarta. Although membership in AMPI is not compulsory and has no bearing on the capabilities of the agents representing the buyers or sellers, it is considered to be the standard bearer for listing agents in the area.

A second real estate association, mainly consisting of Mexican agencies based in the Vallarta area, is Asociacion de Profesionales Inmobiliarios de Vallarta A.C., known as APIVAC.

These associations schedule periodic conferences, conduct educational programs, and hold various meetings where they attempt to keep their members and the public current on activities in the area as well as changes in the Mexican law as it pertains to real estate. They have codes of ethics and they do attempt to establish uniform sets of operating policies and procedures, some of which are in writing, others understood but not documented. They bring real estate personnel together where their members voluntarily agree to abide by their organizations´ statutes and codes of ethics while attempting to operate with some degree of continuity and professionalism. For sure, these associations are better than nothing but still not to be confused with associations such as the National Association of Realtors or NAR in the US. Dual agency disclosure, designated agency, full disclosure, confidentiality, imputed knowledge and notice, implied knowledge, fiduciary duty, loyalty, and vicarious liability are foreign concepts to the majority of real estate agents in Mexico. Consequently, misleading or inaccurate statements often made by many of the agents can put both the buyer and seller in intolerable predicaments in Mexico.

Although AMPI and NAR do have a working relationship, one example of the differences between AMPI and NAR is that NAR provides its member agencies with standard statewide listing forms, pre-qualification forms, escrow account and earnest money forms, standard purchase agreement forms, letters of intent, etc. In Vallarta, there are no such forms provided by AMPI or APIVAC. Each real estate agency has its own listing form or uses a form provided by an outside privately owned publisher, which clearly depicts the listing agent as receiving 100% of the commission upon sale of the property. Also, NAR has written and enforceable guidelines regarding the handling of commissions and the sharing of commissions between the selling and buying agents. Although there are guidelines in Mexico for real estate commissions, they are still flexible, and to some degree negotiable with the seller. The listing agent can then negotiate commission sharing with the buyer’s agent.

All other forms vary from agent to agent and are not necessarily written in the best interest of the buyer. Also, most forms and contracts for North Americans are in English; however the Spanish version is the only document that has any legal standing in Mexico. Therefore, regardless of what you read in English, a Spanish speaking attorney should always represent you along with your agent.

Another major difference between the Mexican based associations and NAR has to do with the Multiple Listing Service or MLS. In the States, the MLS is controlled and monitored by NAR and is available to all NAR agents. In certain Mexican cities, including Vallarta, there is an MLS; however it is not controlled by AMPI or APIVAC. Instead, it is privately owned and operated by a local publisher and is available for property searching to the public at no charge. AMPI members are able to list their properties on the Vallarta MLS, with the general public as well as the other AMPI and APIVAC members having access to the listings.

Once you understand the inner workings of the real estate industry in PV, you need to learn a little about Mexican real estate law. It can be quite complex regarding trusts, escrows, mortgages, treatment of taxes, etc. and is often open to interpretation by a state appointed attorney, known as a notario. A small percentage of the realtors in Vallarta have a fair understanding of Mexican law as it pertains to real estate transactions; however the vast majority of them are sorely lacking in this field. Even with little or no knowledge of the law, they will be anxious to advise you, right or wrong; therefore, the best law to follow is caveat emptor, or buyer beware!

Because of the many pitfalls that a buyer can encounter while purchasing real estate in PV, we learned over twenty years ago that it is wise to interview realtors with scrutiny, keeping in mind that most all will be promoting their own listings first and meeting your needs second. It’s just human nature and with virtually no control in Mexico, it’s pretty much assured. Also, because almost 100% of them have listing agreements with the sellers, they are legally bound to act in the best interest of the sellers, and not necessarily in the buyer’s best interest. Because the buyer usually has no contractual agreement with the realtor, he will in all probability get the “short end of the stick” in this conflict of interest.

Of all places, in Mexico you should select an agent that is 100% dedicated to helping you find the property that meets your needs and satisfies your requirements; preferably, a contractual agreement with an agent with no listings, no axe to grind, no ulterior motive, and is exclusively representing buyers and their best interests.

A true buyer´s agent in PV should have no property listings, should have complete access to the Vallarta MLS, should know the areas and growth trends in and around Vallarta, should be able to professionally negotiate on the buyer’s behalf, should have a decent understanding of Mexican real estate law, should have a working relationship with the local notarios, real estate attorneys, escrow and title agents, mortgage bankers, insurance agents, inspectors, appraisers, and lastly, your representative must have a thorough working knowledge of the local real estate industry and understand the idiosyncrasies associated with it.

Buying your dream home or condo in Vallarta should be one of your best experiences, however without due diligence, it can be a nightmare. Obtaining an exclusive buyer´s agent with 100% dedication to you is a prerequisite for assuring a pleasant beginning of your retirement in Paradise.



La Mirada Real Estate

Katrina asked:


Any person interested in purchasing real estate properties need to be pre-qualified for a loan. Doing this puts a buyer in good position especially in deciding what to buy and how much to buy. However, do you know what getting pre-qualified means? Do you already know the benefits of getting pre-qualified?

Pre-qualifying: the meaning

Pre-qualifying is the process whereby a lender makes an initial analysis of whether or not the borrower is qualified for a loan. In this stage of mortgage application, lenders draw a rough estimate of the amount that could be possibly granted to the borrower. These are then based on few information that will be provided by the borrower. After such, they will send a notice through a letter, in order to affirm the borrower that they are qualified to loan a specific amount.

Certain calculations may be done to draw the estimates. They do this by identifying qualifying ratios. These ratios will give the lender a rough picture of the relationship of the borrower’s income to his or her debt. This, along with the compensating factors, will also help the lender in identifying the financing options to suggest.

As mentioned above, borrowers will be asked to furnish data for their analysis. This is the basis for calculating qualifying ratios. The data is also used to identify compensating factors that could counterbalance any deficiencies of the borrower. Below are the data that might be required for pre-qualifying:

Monthly expenses including your annual tax Income from all sources Basic information like name, address, occupation Assets owned and current debts Credit report History of previous residences and employment

Getting into the process

Know that getting yourself pre-qualified will not cost you a dime. You can just go to a trusted lender and give them the data requested. Some will also consider over the phone pre-qualifications (if the lending institution permits it). Another option is to go online. Some websites provide prequalification calculators that will generate an analysis that could be similar to that of the lender. However, these services are not accurate. Hence, it is still best to consult experts in person.

Benefits of getting pre-qualified

Although this process does not guarantee you in getting the actual loan, being pre-qualified can give you an idea on what homes you can purchase. Aside from that, it can also give you a picture on what your monthly expenditure will be if you avail of the loan. This will get give you time to think of ways on how to manage your finances efficiently. 

Other points to consider

If you want to prove that you are a serious buyer, getting pre-approval is sometimes better. In pre-approval, you get a more accurate estimation of the loan; thus, there will be no doubts in picking out the house that you want. In addition, doing this would also expedite your loan processing thereafter.

Pre-qualification is just the first step in getting a mortgage. Therefore, it should not be misconstrued as the actual loan itself. Remember, the values are estimates only. It can even change when the lender goes through an extensive credit check (like in pre-approvals). In case, you have provided a falsified or an altered information, the amount of loan could change; or worse your application can be denied.



La Mirada Real Estate

doron, tikotzky, amir mizrahi. advocate & notaries asked:


Eli Doron, adv. – Yaron Tikitzky, adv. (c.p.a)

Georgia has over 50 million residents, sprawls over 69,700 square km, and has a semi-republican presidency governmental system. Recently, after overcoming and quieting civil risings, Georgia has won its independence and foreign investment has thrives since.

Georgia is extensively active in promoting foreign investments, and a tour around the rapidly growing cities, which begin to shine of skyscrapers, hotels and residential complexes, proves her efforts are successful. As a result, many Israelis have begun privately purchasing real estate in Georgia, taking advantage of the tax exemption for privately purchasing land.

According to the law in Georgia, a company will be considered a Georgian resident for tax purposes if it has active activity in Georgia and/or its effective management is done in Georgia. An individual will be considered a Georgian resident for tax purposes if he has been in Georgia for at least 183 days of the tax year. Foreign residents, companies and individuals, are subject to tax only for income derived from inside the Georgian borders, including for real estate. Since January 1st, 2008, the company’s income tax has been decreased from 20% to 15%, and the individual’s income tax was raised from 12% to 25% (this applies also to capital income).

However, the Georgian law enables the individual, who privately purchases real estate, to enjoy major tax easements. That is, an individual who privately purchased real estate will be able to sell the land after a minimal period of two years ownership – tax-free. For sake of comparison, the Israeli law exempts these sales only for residential apartments and only after a minimal period of four years ownership or maximum one and a half years if the individual selling does not own another apartment.

In addition, the real estate prices in Georgia are also a significant incentive to privately purchasing real estate in Georgia. For example, whilst 300 square meters in Tbilisi, the capital, in the ancient square of the city is estimated to be worth approximately 600,000 USD; a 5 bedroom private house on ¼ of an acre in the city of Batumi (in the Western mountains), walking distance from the black sea is estimated to be worth approximately 120,000 USD alone, and a two bedroom apartment in Tbilisi on 51 square meters is estimated to be worth only 39,000 USD.

Finally, the Israeli investment in growing nations has become a large phenomenon. The above information can clearly point out why Israelis may very well prefer investing in Georgia, were they can (under the above mentioned conditions) buy and sell real estate with great profit without being taxed in Georgia what-so-ever.

  

Question about the article ask here:

eli-doron@taxlawyers.co.il

                                                  



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Kris Koonar asked:


Orlando is one of the most popular tourist destinations in the United States, better known for its scenic beauty, exciting nightlife, entertainment options, natural lakes and amusement parks. It is one of the most frequently visited places in the country and has something for everyone. Its booming tourism industry has resulted from the regular flow of tourists that visit the city from all over the world and those who choose to migrate. There are a number of individuals who invest in real estate, in Orlando for a number of reasons. They are usually apprehensive of investing their hard earned money in real estate, owing to its volatility.

On the contrary, the real estate market enjoys significant appreciation, with each passing year. If you are keen to invest in the real estate market of Orlando, this is the right time. Orlando offers an unending range of property options to suit individual need and budget. The properties include everything from vacation homes to condominiums. If you are a first time buyer or new to the Orlando real estate market, it is advisable to conduct a little research before you venture into an investment. It is essential for investors to be aware of the prevailing housing laws in the city and have some basic knowledge of the changing market trends in Orlando.

The first rule to be remembered while purchasing a property here is never to make a hasty decision. Many people are attracted by a particular property, almost instantly and fail to check out the property documents thoroughly. It is important to get these documents examined from a lawyer, who can ensure that they are devoid of any discrepancies. The individual budget and the purpose of purchasing a property should be the guiding factors. For instance, if you were purchasing a property for the sake of an investment, a vacation home would be the ideal option. The ever-increasing number of tourists visiting Orlando each year results in the demand for accommodation, generating more opportunities for a lucrative business. Once you have finalized a particular property, find out how much time you have at hand to make financial arrangements. Generally, good properties, especially those in the pre-construction phase are sold out immediately.

It would be ideal to employ the services of an experienced real estate agent who knows the real estate industry well. In addition, a good real estate agent is associated with good builders and contractors. This would make the deal worthwhile and save a good amount of time. Besides, agents are usually a great help while negotiating the prices of properties, since they are conversant with the market value. Real estate agents are a great help to individuals relocating to Orlando. They provide information about the neighboring areas and amenities available, thereby assisting them to make informed choices. However, it is important to hire an agent who is completely unbiased and works in the best interests of his clients.

Generally, brokers offer a range of properties in both, pre-construction and phase-one projects. There are a number of brokers who may try to persuade you to purchase properties in one of their flagship developments, since they make a huge profit through such deals. They should be avoided, since the deal needs to work out in the best interest of both parties.



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Steven Cancel asked:


So you’re ready to buy a house or maybe you’re just considering it. There is a good chance you’re wondering if the decline in housing prices has bottomed or perhaps has a little more ways to go. Industry analysts are predicting that in most of the country we will see an uptrend within the real estate market this upcoming spring. What does that mean as a buyer? It means your time is limited.

The deals available today will not last much longer. That information comes right from the experts. These experts include analysts and season professionals that consistently monitor the real estate market. The burst of the housing bubble is on its last leg and the market is due for a solid return. Whether you’re interested in profiting or investing, you are running short on time. Fortunately the internet has come a long way and can assist you in making sure you are getting the best possible deal. By this I don’t simply mean the information contained in this article. I mean the information this article will lead you to.

Everyone knows that you always get the best price on something when it is auctioned. People only pay what they believe is a fair value and that value is limited to what available buyers offer. When shopping for your new home wouldn’t you like to bid on it rather than simply pay what someone is asking? The internet will allow you as well as anyone else interested the ability to bid freely on the open market without any fees attached. Online auctions have become so popular for most everything else and homes are now finding their way to the auction world.

Many people and banks have enormous amounts of properties they need to get rid of and fast. When this happens they need to auction them off even if it means taking a hefty loss. In order to reach a sizable enough crowds they are now turning to the internet in attempt to improve their ability to reach a slightly higher selling price than if sold locally.

These properties cost nothing to view, bid on, and many even pay your closing costs to improve their selling value. Real estate is being sold for fractions of what it is worth right now all over the internet. It really can’t hurt to look for yourself. Don’t miss out on such a great opportunity that can only take a few minutes of your time.



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Cerro Fresco asked:


Many people who are in the market for a home or second home are considering purchasing real estate in Costa Rica. While this can be a very intelligent move, there are some things to research before making your decision final. Every property has its own set of unique features and finding out which have the things you want is the key to making the right property choice for you. With just a little work, you will be well on your way to the perfect experience purchasing real estate in Costa Rica.

The first thing to consider when purchasing real estate in Costa Rica is the location of your potential new home. You most certainly want a place that can be a quiet retreat, to escape all of the stresses of daily life, however convenient access to local towns and shopping is also necessary. There are few places in Costa Rica where the view is not spectacular, but a truly breath-taking view from your door would be the perfect selling point. Once you find the perfect location, then you can move to the next step.

The features you want in your home are the next point to consider. When purchasing real estate in Costa Rica, having a spacious home with beautiful furnishings is just the beginning. For true luxury, you want your home equipped with extras like an infinity tub and stainless steel appliances. A stunning master suite with a sitting area is the perfect added bonus. With the most luxurious in furnishings and features, your dream purchase will be complete.

Finding all of these things when purchasing real estate in Costa Rica may sound a bit overwhelming. There is one place, however, that offers all of these features and even more. For a taste of the real luxury lifestyle, visit CerroFresco.com, and find the home of your dreams without having to comb the countryside of Costa Rica.



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