Lessons learned - Never trust that much someone who says he is honest


One of the hardest lessons to learn in real estate is that property owners proof their honesty when it comes to the moment when they have to pay the commission in a closing process. In all of our years in real estate we have come across all kinds of situations when it comes to the payment of our fees.
When people are not fair and honest, usually the closing is done and the commission is cut significantly, or the commission is not paid at all. Anyhow, we have had all kinds of experiences with property owners who said to be very honest and did not even need to sign a contract, with the end result being a nightmare in trying to collect the commission.
Just as an example, a well known local developer decided to keep our well earned commission to pay some of his pending bills. This happened over a year ago, and here we are, still in waiting list of “payments to do”, waiting because the developer says he still has a lot of bills to pay!   Believe it or not, this is part of real life in real estate in Costa Rica.
Yalile Alpizar, President/Broker/Owner
email:  yalile@clecr.com

Comments

Post a Comment

Hello, feel free to leave a comment!

Popular posts from this blog

Expectations for a market recovery in luxury real estate--- an illusion.

Expectations for a market recovery in luxury real estate--- an illusion.   This time we want to share some important information about the trends of the luxury real estate market in Costa Rica.  Last year the market was very slow and with few exceptions, merely homes with large discounts got sold.  The truth is that in year 2010 most luxury homes were sold with discounts in the range of 20% up to 50%, which is bad news for home owners who are obviously hoping to sell under better terms.    There are of course exceptions, but the general rule for luxury home buyers is to get the largest discount possible out of the deal.  Basically, there are strong reasons for this.  Firstly, most properties in the most popular markets have suffered aggressively as a result of the real estate and financial crisis.  This article is an example, “in more than a decade, the average price of a home in Orlando dropped to less than $100,000” http://www.proper...
Read more

A place to relax and unwind in Villa Real Costa Rica

Image
Sophisticated living in connection with nature The luxury home of today is much more than walls and rooms full of luxurious and expensive items. Today`s luxury home must be inspired in a drive for excellence, bringing innovation and design to the highest level. The Tranquil Estate of Eco Residential Villa Real, in the Central Valley of Costa Rica, offers creative design, featuring colors inspired in nature and designer`s furniture carefully selected by Susie Millan de Misaan from http://millandemishaandesigns.com/en/millan-de-mishaan-2/ "an architecture and interior design firm that offers a personalized service according to the clients needs. MDeM Designs combines the respective skills in design, planning, and coordination to deliver an integrated service that encompasses interior architecture and the aesthetic aspect of the project." A collectable of unlimited family memories in its 1,405  m2 of construction area that include ample social areas complemented by a beau...
Read more

When UNIQUE is Unique!

When you are searching for a luxury home in Costa Rica you probably have a word clearly defined in your mind: UNIQUE. You want a home that offers your guests not only the comforts of luxury, but some kind of uniqueness in the way that it makes it attractive enough for everyone to be there instead of been anywhere else in the world! Uf! That sounds difficult to get... but not in Costa Rica, where some houses offer a different kind of uniqueness, difficult to match else where. The Glass House http://costaricamilliondollarhomes.com/Casa-The-Glass-House/index.html is a perfect model of uniqueness, a place to hide from the world but at the same time be connected with nature and its wonders like if you were living inside a 3D movie of another time in the future. Don´t miss the opportunity of sharing your thoughts about the concept of Uniqueness in the million dollar range. To view The Glass House visit:
Read more