Negotiating the Price of a Home in Costa Rica

April 28, 2011 – Buying a Home in Costa Rica can be as simple and as difficult as you want to make it depending on your conditions for buying a house in Costa Rica. One of the trickier aspects of buying a home is the price negotiation.

Negotiating the Price of a Home in Costa RicaNot everyone is a born negotiator but just because you are not one does not mean that you can’t get a good deal for the real estate you want in Costa Rica.

Negotiating the price of a home in Costa Rica just involves doing a bit of research and a tad of common sense.

When it comes to negotiating the price of a home they are only so many options for the buyer and seller which are:

  • Accept offer
  • Give a Counter Offer
  • Reject the Offer

Here are some useful tips that will help you get the price you want:

Use a real estate broker to serve as an intermediary as it will keep you from the nervousness involved in talking directly to the seller.

Do not make a ridiculously low offer as that is an insult to the seller and he/she will probably not take you seriously and walk away.

When you make low but legitimate offer, give the reasons why you are doing so which can include repairs, comparison to other properties in the area and so on…

Stick to your budget, if you and the seller cannot agree on the price of the home, do not over extend yourself, other opportunities will come about. Especially since right now, it is a buyer’s market in Costa Rica.

Learn about the seller because if you know about the seller’s weaknesses, it can turn the negotiations in your favor. Find out why the seller wants to sell his home and if it is for reasons like he needs the money, is moving to a different town then it will give you a better advantage in lowering the price of the home.

Give yourself options. This means that have at least two houses you have decided on that way when you negotiate, you will not be desperate to buy the house as you will know that if the negotiations are not going your way, you can always reply on plan B.


Pamela Sanchez is a traveling nurse who resides in Costa Rica 6 months out of the year.  She is an avid traveler and moonlights on the side as a freelance writer ranging in topic from Costa Rica properties to America Football and website design in Costa Rica.  You can contact Pamela Sanchez by sending her an email at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

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