Cheap Distressed Guanacaste Costa Rica Property For Sale
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Costa Rica Featured Listing
Pacific Coast Costa Rica Luxury Property
Location
Los Suenos,
Property Type
Luxury Condominium
Bedrooms
2
Bathrooms
2.5
Price
$435,000
Guanacaste is located in the northwestern region of the country, along the coast of the Pacific Ocean, and is a major province of Costa Rica.
Tourism, a key economic activity, attracts people from around the world to the Guanacaste region for its beaches, mountains, volcanoes, and amazing coastal ecosystems.
There are many places to find distressed or foreclosed properties in Costa Rica, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses and you may find cheap distressed Guanacaste Costa Rica property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
Buying luxury properties in Costa Rica can be a smart move for both investment and personal use, depending on your goals.
Costa Rica offers very favorable property ownership laws where foreign investors and buyers have full property rights, which is not the same as in many other Caribbean and Central American countries.
