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Listing your property at the right price

Picture for April 2018 FINAL

We live in a beautiful coastal area with a low density of population compared to living in a city. Even though there are no huge residential developments around, there is always someone willing to sell his/her property for different reasons. In the real estate business, there are good opportunities to perform as Tamarindo and its surrounding areas are a popular destination.

Some sellers have a well-thought sales price pretension. It might be arbitrary, based on what the property cost them, on neighboring properties they´ve seen sold or on their motivation to sell. Every case is particular and I have run into all sorts of sellers. Some are very stiff on the price they consider their property is worth, others are very motivated to sell soon hence are very flexible. I have even had clients wanting to jack up their prices when there are several buyer prospects and potential offers to come with the argument that ¨they don´t really want to sell¨ unless someone pays their capricious asking price. Others have no idea what their properties are worth and seek advice about it.

Because our line of business consists in putting together buyer and seller and generating these transactions is our main and perhaps the only goal, we want to make sure the properties we list have a right price and our seller´s expectations are satisfied along the process.

As said before, without a high density of urban development and with the heterogeneous offer of properties available in our area, such task of assigning a fair market value to properties is not that easy. Our real estate market is not as structured as the one in your area. Identifying comps and getting reference prices requires expertise that not all actors in our market have.

Luckily, ABC Real Estate´s team has years and years of combined experience and local knowledge. We have a vast database that includes information of properties up and down the coast around Tamarindo. Frequently we surprise people with what we know or can pull out from our files. There are pieces of information we have that are over two decades old. We also run an ongoing data collection that we fed with our listings and those of Real Estate companies all throughout the region. This is a fantastic tool we use both to assess our seller clients and to provide buyers with complete and thorough information of options.

In our daily activities, we frequently interact with colleagues and other professionals and actors in the Real Estate industry. We get from builders and contractors reference on what current building costs are. We know about the status of different condominiums, buildings, developments by our contacts with local property managers. We are up to date with relevant legal situations when we deal with reputable local legal advisors. All these keeps us up to date with the behavior of the market.

All of us here at ABC Real Estate are well-trained professionals. Considering that, our high business ethics and great reputation frequently results in sellers choosing us and trusting our judgment in the management of their listed properties. Colleagues in the area know that as well and reach us when they have buyers because they know we have the good listings and can trust us in the event of a co-brokerage deal.  Hence, we are completely capable of giving you as a seller an assessment of the strategies and decisions while listing.

If you are considering in selling your property, please come by. Our doors are open and you will be thrilled with our performance as hundreds of sellers have been over the years.

Credits to: Federico Fernandez

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La Buena Vida 9 – Sunny 3-bedroom luxury penthouse – Reduced to $315,000.

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La Buena Vida 9 is a penthouse that comprises the complete upper floor in the safe Buena Vida Condo complex. With its construction size of 246 m2, it is as spacious as a home. The open living and dining area, connected with the fully equipped kitchen, offer enough space for large groups of friends and family. The three bedrooms each come with a walk-in closet and a large private bathroom and sleep comfortably…more info.

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Lot #2 Punta San Francisco – Affordable lot in gated oceanfront community – $135,000.

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After the enormous success in sales at Punta San Francisco, with over a dozens lots sold last year, this is one of the last two units available at Punta San Francisco. It is the lowest priced lot in there as well. For those who do not know the area, Punta San Francisco or Punta Madera, as the locals call it, is the geographic landmark that divides Playa Tamarindo from Playa Langosta…more info.

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Tamarindo Azul 6 – Spacious ocean view penthouse – Priced to sell! Now at only $175,000.

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Great opportunity, and now with possible owner financing! Don’t let this turnkey dream slip by. This very much turnkey Penthouse has a spacious layout with an open kitchen/living area, 2 bedrooms, 2 bathrooms, laundry room, fully equipped kitchen, and a sunset view you’ll never get tired of. Close enough to walk to the beach…more info.

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Sunset Hill #11 – Oceanview at a quick walk to the beach – Reduced to $189,000.

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Wonderful ocean view Condo at a quick walk to the beach and center of town. Tucked up against the Tamarindo hillside this unit provides a beautiful unobstructed ocean view, a shared pool, secured parking, and shared laundry, all inside a 12 unit gated complex with a relaxing and tranquil tropical setting. This charming 2 bedroom, 2 bathroom unit comes fully furnished…more info.

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Las Mareas 6 – Elegant home with panoramic ocean views in high end gated community – Reduced to $750,000.

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Discover easygoing elegance at this tropical hideaway. Tucked away on a lush Guanacaste hillside, you will be swept away by the panoramic views over the ocean and over the protected green areas of Las Baulas national park while enjoying the soothing sea breezes. Located within a high end gated community, Las Mareas is an exclusive home overlooking Costa Rica’s pristine Pacific coastline at a walking distance of only 200 meters to the beach! This villa boasts a unique Pacific Rim style…more info.

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Investing in rental property or tourism sector in Costa Rica

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Is Costa Rica still an attractive location for those wanting to place their hard earned dollars in a secure investment giving them a decent ROI through rental income or hospitality revenue?

Looking at the statistics from the Costa Rican INT (1) – National Institute of Tourism – any doubt on this concern will fade. It is clear that the country’s tourism sector was hit by the 2008 financial crisis, but it is even more obvious how the country’s comeback is even stronger. Since 2012 the yearly revenue from tourism is back at it’s 2008 level and growing steadily and firm far above that level ever since, with 2016 showing a yearly growth of 12.4%  and being 43 % above the 2008 level.

In 2017 more than 2.18 million tourists from all over the world landed by air in Costa Rica, being 3.5% more than the previous year and 17.7% more than in 2015. These figures are important since the more travelers come, the greater the space needed to host them.

And there are other signs that Costa Rica is doing great on the tourism market:

During the International Tourism Fair, one of the largest in the world, held in Madrid last January, the country received the 2018 Award of Excellence with its new tourism identity “Costa Rica, my choice naturally”, and last year, Costa Rica hosted the first global sustainable tourism investment conference, another event contributing to its positioning as a global destination.

As another indication of growing tourist attraction, every year new airlines keep signing up to land to San Juan Maria National airport, with direct flights from every corner of the world. 2017 and 2018 are no different with Latam airlines (Lima-San José), KLM airlines (Amsterdam-San José) and Evelop ( Lisboa- San José ) adding to the list of airlines offering better connections to travelers and residents.

So, it is clear, Costa Rica is a hot-spot, for tourists wanting to escape the cold and explore the natural wonders, for families seeking other horizons and a better quality of life, and for people looking for a sunny, pleasant and peaceful place to retire to.

And this is undeniably reflected in the increase in interest for and purchase of raw land and lots since 2015, also in the Tamarindo area, along with an obvious wave of new construction of contemporary rental homes, and modern businesses in the area, and a never before seen boom of the international schools in the area.

With country-wide tourism steadily growing and the promise of a steady and sustainable regional growth, through projects that have been planned for years and will finally happen such as the paving of the Tamarindo-Langosta road and the building of the Flamingo Marina, the future for the local economy but also for those seeking a secure investment is looking as sunny and bright as the beach and the sky do so steadily in Tamarindo!

http://www.ict.go.cr/es/estadisticas/informes-estadisticos.html

Credits to: Karen Fabre

Photo: Sean Davis

Home Decoration: Mu Design

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Lote Buena Vista – Two beautiful ocean view lots at the price of one – SOLD

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These two stunning lots with ocean view located in Tamarindo should not last long in the market. Reaching a total of 1905m², there are infinite possibilities you can do with these pieces of land. Whether it is building your own boutique bungalows, or your own custom designed home, these two lots have the potential to take on…more info.

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Lote 60 Punta San Francisco – Ready to build lot in beachfront gated community in Tamarindo – SOLD


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This is the only lot remaining for sale at Punta San Francisco or “The Point”, a beachfront gated community that makes the division between and offers access to Playa Tamarindo and Playa Langosta, so from this lot both beautiful beaches are only a few steps away. Punta San Francisco consists of 61 lots, and already boasts several luxury villas right on the beach…more info.