Jaco Beach Commercial Real Estate – Living & Working in Playa Hermosa - Jaco beach.

I’m sure many of you imagine a life outside of your home country, some paradise kind of place like Costa Rica and if it would be possible to find a cool way to make money while enjoying the "good life"

How hard could it be to open a business? Is it even legal for foreigners to open businesses in Costa Rica without residency, or even the ability to speak Spanish?

What could one do?

There are many types of businesses one can buy or start in Jaco Beach, such as lodging: B&B, hotel or hostel; food preparation: fast food juice bar, formal bar & grill, or fun type beach bar, a catering service, or preparing a specialty food item; there's the adventure tourist market:   tour operator type businesses such as ATV tours, zip/canopy tours, rental/repair shops for surf boards, kayaks, fishing equipment, dirt bikes, mountain bikes, etc.   Finally there are the full time-part time consultant or service type businesses perfect for retirees who are plumbers, electricians, or part time English teachers.

Opening a business in a Costa Rica beach town is a big decision and you will need to talk with someone that will give ALL the information you need before making a purchase. There are various laws that now have to be obeyed regarding non-citizens working in Costa Rica, and these can affect your getting a business license, opening up a bank account, and working with the Costa Rican social security service called the "Caja".

Those laws do change often enough for us to recommend reviewing the legal website,

www.costaricalaw.com.  The good news is, lots of people are always opening up new businesses here, and if you are smart and or lucky, you too can become successful! 

Jeff Fisher, the owner of CRBeach.com, apart from being ONE OF the most experienced realtors in Playa Hermosa Jaco Beach, is also a FORMER restaurant OWNER AND business consultant, and his advice for new business investors coming into the region is to find a localexpert or consultant, with a lot of experience in the area,  so you can save yourself thousands of dollars by not making common costly mistakes.

Also highly recommended: Learn basic Spanish, and the correct pronunciation of your new country,

p.s. it’s not Casta Rica......

If this is a dream of yours, there are number of commercial opportunities in and around Jaco Beach. Jaco Beach commercial real estate has always been an interesting market due to its location which attracts both the highest numbers of beach visitors than any other coastal town in Costa Rica, FOR BOTH foreigners and Costa Ricans.  Right now   it’s a hot market asinventories are in a high cycle, the market has almost but not yet fully recovered from the world wide slump  , so it’s a the best time to find and get a commercial property at huge discounts.

The Jaco Walk commercial project is going to greatly affect the Jaco Central Pacific commercial market in many ways, as their per meter/square foot prices are the highest ever for either purchasing or renting their properties. 

If you are looking for a fantastic deal with Jaco Beach Commercial real estate, give us a call,  write us an email, or come on by our office located now in Sunny Playa Hermosa beach bungalows, 9 minutes from the heart of Jaco Beach, and  we would love to show you some of the best opportunities we have available. Thank you 

Follow this link to see our Jaco Beach Commercial Real Estate listings.

Contact us directly:

CALL TOLL FREE: 888-782-1119 (for U.S. & Canada)

OR IN COSTA RICA: 2643-4334

E-mail: info@crbeach.com

 Author: Michael Klein

Is Jaco Costa Rica a Smart Investment for Professional Investors?
I recently wrote something similar to a client, and thought I would post it
here to get more attention.
 
The client is debating whether to invest in our "fire sale" priced hotel in Jaco
Costa Rica or a hotel  in the Dominican Republic (where I have never been).   
To many professional investors, Costa Rica never looks as good on paper,
compared to other current 
deals still being offered in the U.S. or maybe in the
D.R. .  I have dealt with these professional investors (i.e. hedge funds)  for
many years, and yes
 the prices here are high compared to certain other locations, 
but our potential for equity growth is excellent compared to non-U.S. resort areas. 
We used to be 20% less than Mexican beachfront, (and ours is 100% fully
titled), and obviously we are cheaper than popular beach resorts in the U.S.,
and now our prices are at "rock bottom", much lower than at anytime since
the crash 
of 2008.
An example of price variations here in Jaco beach: seven years ago our beachfront had asking prices up to $2000m2  ($185 sq.ft), both 3 years prior and at current pricing its now
between $500-$600m2 ($50-$60 sq.ft) . Our main street still has pricing up to
$500m2, and new buildings are being built all the time. 
 
The last 2 hotels I recently sold were to people that own hotels in San Jose, and
not only did 
they buy another in Jaco Beach, but one year later, they are looking
to buy more, (of course beachfront is their preference.....)

Without my knowing exactly the real estate market or the cost of living of the
Dominican Republic,  I would say, probably Costa Rica is more 
expensive,
but we don't get new residents complaining of  "island fever."  
Regarding the Dominican Republic, Colin Miller contributes this:
 Also, very important to note that CR is a much friendlier and advancing country than DR. in DR,
 you can’t mingle with the locals, you stay in your gated community and don’t venture out, it also borders Haiti 
one of the poorest nations on earth, it  is in the hurricane path-the place is a third
world nightmare, there is no comparison to Costa Rica. Every single one of my clients who has
been to DR says the same things as I 
just mentioned. 

Plus the fact that Costa Rica is always winning awards such as: 
 §  Costa Rica named top tourism destination in new global survey

June 11, 2014 by Tico Times Zach Dyer  
A new global survey confirmed that tourists love Costa Rica, naming the country most
recommended tourism destination in the world.The Global Tourism Monitor Survey asked
23,000 globetrotters from 26 countries where they had traveled during the previous 12
months and which destination they would more recommend based on their experience there.
 
 

World Happiness Report: Costa Rica ranks #1 in Latin America!
§  September 10, 2013 - Costa Rica ranked happier than Mexico, Panama and the U.S.
in the United Nation's newly released World Happiness Report. Costa Rica still ranks
among the world’s happiest countries according to the U.N. 2013 World Happiness Report

Over the past 20 years, I have personally witnessed lots of people (usually single
guys) move to Costa Rica from the U.S., and then in a couple of years, (mainly for
economic reasons) decide to move to 
Nicaragua or Panama.
Shockingly, I have seen half of them returning to Costa Rica within a year or two
because of the intangible 
lifestyle benefits Costa Rica offers, like great weather,
friendly locals, and more people with similar backgrounds. (Supposedly Costa
Rica is #2 for quantity of ex-pats.)
 
By the way, there is a new optimism here now that the new Costa Rican President,
Luis Guillermo Solis has taken office 
for a 4 year term, that things will improve by
ending the corruption, lowering costs, and
 encouraging new businesses and
retirees with real incentives. Could this happen?  Sure why not, he's not a
professional politician from a famous political family, he wants to improve
Costa Rica, without concern for a "legacy."  
  
I was recently in the U.S. for 3 weeks, and I do see how cheap one can live there,
but U.S. medical costs and property/income taxes offset those great prices on
Alaskan king crab, Oreo cookies, or the items from the Dollar Stores. 
Then there are the other high costs found in the U.S. that we don't have here,
like frivolous lawsuits, and very high hourly wages for maids-plumbers-electricians.    
 
I am extremely grateful that CR Beach has been making sales, and often to those 
that really want to leave the U.S. and Canada and live in a place with great weather,
nice neighbors, 
good medical, and lower taxes than their former countries.
With the current market conditions of 
properties selling for 20-30% less than
original pricing, we continue to attract those prospects that are getting super
deals these days, many below the actual cost of building. 
 
Of course I know I may never again see the real estate "boom" we had from
2004-2008, the "good old days" 
but for many people looking for a second home,
a rental income producer or a retirement place to live full or part time,
NOW IS THE TIME TO BUY, because to me and many others, Costa Rica is
still the finest choice available.  
 
For our best deals, check out www.crbeach.com  for the Jaco Beach-Playa
Hermosa-Los Suenos-Playa Bejuco-Esterillos Este-Esterillos Oeste, Central
Pacific Costa Rica:
http://www.crbeach.com/SUPER_DEALS__FORECLOSURES/page_2204316.html
  
Here are some examples: 
Hermosa Beach bungalows-were $235k now as low as $179,900
Jaco beachfront condos, were $300k now as low as $199k
Playa Hermosa HP homes: were $480k now $365k
Bejuco Homes: were $250k now $199k 
Los Suenos condo was $495k, now $365k
Jaco Hotel, was $1.3 million now $775,000
 
Keep checking our Newest Listings and Super Deals pages and maybe you'll
find your "dream" property at the price you can afford. So where does this 20
year resident of Costa Rica live? As you can see from the video on the bottom
of our home page,  (http://www.youtube.com/watch?v=SOxzPSSttGM )
I love the Hermosa Beach Bungalows and Hermosa Palms- there's a beautiful beach, quiet, safe, great neighbors, 8 minutes from Jaco, little more than an hour from San Jose, and 
the best prices I have ever seen in 8 years. Check out our Hermosa page.
Since today is July 4th, 2014, I should mention that another reason I love Costa Rica
is that with all the expats living here, today there will be no shortage of celebrations,
BBq's, potlucks, and fireworks displays, and of course, many Costa Ricans will be sharing this with their Gringo buddies.
 
Pura Vida,
 
jeff 
 
 
How is the real estate market for the Costa Rica, Central Pacific, Jaco beach and area?
2014 Real Estate
6 Month Market Analysis!
 
Well, almost half the year is gone, and how's the Costa Rica Jaco beach Central Pacific area market?
CR Beach has had a very good 5 months so far, with sales ranging from a large Jaco hotel to the 7 bdrm beachfront Hermosa home; from a gorgeous Hermosa ocean view lot to various priced Jaco condos; plus there were sales in Bejuco & Esterillos beach areas.   It is still a "Buyers' Market"  however, and you really should check out our deals.
 
Our June 2014 newsletter will show you some properties you haven't seen before, or some properties that I believe are now at "Rock Bottom" prices. Whether its Hermosa Beach Bungalows priced now under $180,000 to Los Suenos Colina Condos under $359,000, there are many styles to choose from.  Even in Jaco, there are luxurious furnished condos still selling for less than original pricing, that are true beachfront ocean view dream vacation/retirement homes.

 Please don't hesitate to call us about these opportunities, because as our sales have demonstrated, properties are selling! Don't miss out on a "dream" waiting for that last $10k drop to be advertised, because in many cases they won't be.
 
We do have some other "pocket deals" that aren't listed here or on the website, but call/write us and we'll help you find the property of your dreams!
 
CONTACT  US  NOW!
Toll Free: 1-888-782-1119;
OR Costa Rica: (011-506) 2643-4334 or 2643-3672
 
Pura Vida and thanks for your support!
Jeff
 
MUST SEE VIDEO!
 
1. BEST BEACH AREA to LIVE in COSTA RICA?
 
 
 
 
 

 CR Beach, in the same location for over 8 years, in the center of Jaco, IL Galeone building Av. Diaz, steps from Tsunami & Banco BAC. 1-888-782-1119 or 2643-4334
 
Updates from the Hermosa Bungalows Christmas buffet: Playa Hermosa, Central Pacific, Costa Rica,

FINALLY IT'S HERE!

CHECK OUT JEFF'S VERY FIRST VIDEO:

ANSWERING THE QUESTION:

WHERE IS THE BEST PLACE TO LIVE IN COSTA RICA!

 CLICK HERE>   http://www.youtube.com/watch?v=OqYXjnI_hHI


Jaco Real Estate Agent Jeff Fisher
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wednesday
December 25, 2013
MERRY CHRISTMAS and HAPPY HOLIDAYS!
Unbelievable that I saw this Christmas starfish while doing my morning beach walk on Hermosa Beach this morning. To show you how rare this is, not even our 35 year old Costa Rican employees have ever found one on the sand! It's a Christmas gift from the sea  (and yes this was a dead one, or I would have returned it to its maker!)
 
Yes the Hermosa Beach Bungalows had another fantastic holiday potluck for Christmas today at 3.00 pm.
If you are a "foodie" you should buy a bungalow just for these great community events!  We also have a new volleyball net, now all we need is a croquet set and horseshoes and I will be happy. We only have 3 bungalows now for sale, so check them out on our webpages Homes for Sale, or Playa Hermosa CR Beach Properties

 I hope all of you are enjoying this holiday season, and we look forward to meeting you next year as we are expecting to have a great year.
We have a closing this morning on an Hermosa Beach Bungalow, #8, so my vacation will start tomorrow. Today I will be posting the address to view our CR Beach first video, which will be an answer to the question, Where is the best place to live in Costa Rica?.
Of course the weather here is gorgeous.....
 
 Holiday Rentals still available and now at a discount:
TWO (2) bedroom Condos Beachfront JACO!!
1) Bahía Azul, 3rd floor, Dec 16th thru Dec 30th $150 per night
2) Tres Regalos 4th floor Dec 14th thru 15th of January $175 per night 
*Ask for discounts for multiple days or weeks
Write directly to jeff@crbeach.com

 
Take advantage of the fact that Christmas vacation is still a few weeks away and the beach is
getting more crowded daily! The water is crystal clear and there is a light breeze coming off the ocean. Hotel owners are predicting one of the busiest holiday seasons ever, so now is the time
to make your January reservations.  I saw today that Minnesota has a wind-chill factor of minus
40 degrees. This is the temperature that caused my father to move us to sunny Los Angeles. I was smart enough to move to Costa Rica in 1993 and enjoy constant temperatures pleasing to the human body. And how is the temperature in Jaco, Hermosa, and Esterillos beaches?
How about a delightful average of 85 degrees during the day, 73 degrees at night, gentle breezes blowing constantly, and a fantastic water temperature on average 80 degrees. Shorts, sandals, short sleeve shirt, year round, now thats "paradise."  And remember, no hurricanes, no tornadoes, no tsunamis, no typhoons, just comfortable living....

 
Thanksgiving is my favorite holiday to reflect and actually be thankful for many things, including the fact that I will be sharing it with probably 40 people at the Hermosa Beach Bungalows. It's important to note that when people consider whether to live in Costa Rica or Panama or Nicaragua, they usually look at hard costs and determine that Costa Rica is more expensive.
The 
fact remains that many of those that have moved to foreign places other than Costa Rica, discover on a day like Thanksgiving, what makes Costa Rica so special. We got turkeys everywhere! And the sense of the "Gringo" community is much stronger here, than in the rest of Central America. Therefore I understand why many of those that moved to those other countries, choose to move back to Costa Rica. Pura Vida!

It's funny that this is the second holiday for Costa Ricans 
to adopt from us Gringos, (the other being Halloween!) and so the availability of turkey, stuffing mix, pumpkin pies, and cranberries is widespread. So yes, I am thankful to be living in Playa Hermosa-Jaco, Costa Rica, in a gated beachfront community, surrounded by pretty great people.
Happy Thanksgiving, everybody!  
 
YOU will be seeing many web site changes in the coming week as Google has forced me to become more "social media" relevant, regarding Costa Rica real estate Jaco, and all things Tico! You can now see exactly where we are in Jaco Beach, Costa Rica by checking google maps.
 
 
It's very important that you start learning spanish, as you'll be surprised at how much more respect and lower prices you can get when speaking the native tongue. Whether it's with Rosetta Stone or any number of  language schools either online or in Jaco, remember that learning a second language helps to improve your brain power. Check out our Learn these Words page for Costa Rica spanish phrases.
 
RENTAL SEASON! 
Good luck everyone with making your reservations for beach homes Costa Rica, 
December thru February, as things are filling up fast! Call now to insure you a get a nice place either beachfront Jaco, Playa Hermosa, or a beautiful Los Suenos oceanview condo! Or better yet, BUY NOW with so many great deals we currently have, and make some rental income money (4 weeks rentals can sometimes pay for a year of HOA fees or electric bills!)
  
A lovely memorial for our friend Marc was held on Saturday and now its time to help out his family by selling their two properties as fast as possible-Firesale time!  PLEASE CONSIDER ONE OF THESE HOMES FOR YOUR NEXT PURCHASE!
 

1. Overlooking Jaco w/ ocean views3bd, 2800 sqft, w/ pool, low HOA, orig. $400k, NOW $229,000

2. On the sand, Hermosa Palms, 100% titled-gated 7 bedrm.Originally $1.6 Million, now reduced again to $875,000 

 

 

 
Where does this realtor and 20 year veteran of Costa Rica live? 
Why of course my favorite place, the Hermosa Beach  Bungalows. We sold the highest priced one in April,  (see it on our Rentals page) and now we have just  3 others for sale, prices starting at $189,000 for a two bedroom, 2 bath with a huge front deck with an ocean view!  Check it out on our Homes for Sale listings page, or click on our Playa Hermosa properties for sale
 
The Central Pacific-Jaco beach-Playa Hermosa areas really can provide liveable income should you choose to make a "lifestyle change" and wish to purchase a small fully operational hotel or our super deal on one of Jaco's most popular restaurants. Lately I have been discussing some of the hotels for sale in Costa Rica to clients, and we do have some great opportunities. Or you could buy 3 bungalows and rent those out using our onsite rental managers. Guaranteed to make positive net income, so call us today regarding opportunities such as these!
 
For the new season you will also see more police on the streets, and beautiful holiday lights adorning the park and city streets. We are very happy about these positive changes as even more infrastructure improvements are being planned or have been set in motion.
 
I keep mentioning to people that have not been to Jaco in several years that it is "the new Jaco." Some think we still have a main street that is all gravel, not knowing that all of Jaco's major roads are paved. The town has really cleaned up, and we have the Chamber of Commerce (Cenpac) and some private individuals to thank for that!
 
I am now (Nov. 16th, 2013 officially) in my 21st year of living in Costa Rica, and I still love it. The weather here is fantastic almost year round, (shorts and sandals, day and night!), the people are famously friendly, and it is possible to live cheaper than home (when one includes property tax and medical expenses!), the variety of food (including organic) is better than either Nicaragua or Panama, and there are lots of ways to keep busy and be socially responsible.
 
Any questions, just give us a call, and please check out our other pages!
Sincerely, Jeff Fisher

 


Traducir a Español?


 

Call Us Toll-Free
U.S. & Canada: 1-888-782-1119
Costa Rica call 2643-4334, 2643-3672
EMAIL US:  Info@CRBeach.com  

 

Thanksgiving from the Hermosa Beach Bungalows, Playa Hermosa, Costa Rica

JEFF's DAILY OBSERVATIONS



Jaco Real Estate Agent Jeff Fisher
 
Thursday November 27, 2013
Happy Thanksgiving everybody!
This is my favorite holiday to reflect and actually be thankful for many things, including the fact that I 
will be sharing it with probably 40 people at the Hermosa Beach Bungalows. It's important to note that when people consider whether to live in Costa Rica or Panama or Nicaragua, they usually look
at hard costs and determine that Costa Rica is more expensive. The 
fact remains that many of those that have moved to foreign places other than Costa Rica, discover on a day like Thanksgiving, what makes Costa Rica so special. We got turkeys everywhere! And the sense of the "Gringo" community is much stronger here, than in the rest of Central America. Therefore I understand why many of those that moved to those other countries, choose to move back to Costa Rica. Pura Vida!
It's funny that this is the second holiday for Costa Ricans 
to adopt from us Gringos, (the other being Halloween!) and so the availability of turkey, stuffing mix, pumpkin pies, and cranberries is widespread. So yes, I am thankful to be living in Playa Hermosa-Jaco, Costa Rica, in a gated beachfront community, surrounded by pretty great people.
Happy Thanksgiving, everybody!  
 
YOU will be seeing many web site changes in the coming week as Google has forced me to become more "social media" relevant, regarding Costa Rica real estate Jaco, and all things Tico! 
 
 
It's very important that you start learning spanish, as you'll be surprised at how much more respect and lower prices you can get when speaking the native tongue. Whether it's with Rosetta Stone or any number of  language schools either online or in Jaco, remember that learning a second language helps to improve your brain power. Check out our Learn these Words page for Costa Rica spanish phrases.
 
RENTAL SEASON! 
Good luck everyone with making your reservations for beach homes Costa Rica, 
December thru February, as things are filling up fast! Call now to insure you a get a nice place either beachfront Jaco, Playa Hermosa, or a beautiful Los Suenos oceanview condo! Or better yet, BUY NOW with so many great deals we currently have, and make some rental income money (4 weeks rentals can sometimes pay for a year of HOA fees or electric bills!)
  
A lovely memorial for our friend Marc was held on Saturday and now its time to help out his family by selling their two properties as fast as possible-Firesale time!  PLEASE CONSIDER ONE OF THESE HOMES FOR YOUR NEXT PURCHASE!
 

1. Overlooking Jaco w/ ocean views3bd, 2800 sqft, w/ pool, low HOA, orig. $400k, NOW $229,000

2. On the sand, Hermosa Palms, 100% titled-gated 7 bedrm.Originally $1.6 Million, now reduced again to $875,000 

 

 

 
Where does this realtor and 20 year veteran of Costa Rica live? 
Why of course my favorite place, the Hermosa Beach  Bungalows. We sold the highest priced one in April,  (see it on our Rentals page) and now we have just  3 others for sale, prices starting at $189,000 for a two bedroom, 2 bath with a huge front deck with an ocean view!  Check it out on our Homes for Sale listings page, or click on our Playa Hermosa properties for sale
 
The Central Pacific-Jaco beach-Playa Hermosa areas really can provide liveable income should you choose to make a "lifestyle change" and wish to purchase a small fully operational hotel or our super deal on one of Jaco's most popular restaurants. Lately I have been discussing some of the hotels for sale in Costa Rica to clients, and we do have some great opportunities. Or you could buy 3 bungalows and rent those out using our onsite rental managers. Guaranteed to make positive net income, so call us today regarding opportunities such as these!
 
For the new season you will also see more police on the streets, and beautiful holiday lights adorning the park and city streets. We are very happy about these positive changes as even more infrastructure improvements are being planned or have been set in motion.
 
I keep mentioning to people that have not been to Jaco in several years that it is "the new Jaco." Some think we still have a main street that is all gravel, not knowing that all of Jaco's major roads are paved. The town has really cleaned up, and we have the Chamber of Commerce (Cenpac) and some private individuals to thank for that!
 
I am now (Nov. 16th, 2013 officially) in my 21st year of living in Costa Rica, and I still love it. The weather here is fantastic almost year round, (shorts and sandals, day and night!), the people are famously friendly, and it is possible to live cheaper than home (when one includes property tax and medical expenses!), the variety of food (including organic) is better than either Nicaragua or Panama, and there are lots of ways to keep busy and be socially responsible.
 
Any questions, just give us a call, and please check out our other pages!
Sincerely, Jeff Fisher

 

Collection of earlier observations for Costa Rica's Central Pacific Jaco beach, Playa Hermosa, Esterillos!

Hello There:

As I am trying to become more "social media" relevant, I thought it might be a good idea to start
blogging more often.  Since I have normally posted little insights on the front page type of blog,
I thought I will post those items below and start doing some real indepth, heartfelt observations
as to what exactly is going on here.  

Listed below are my current favorite observations from the front page blog:
of particular note is the further reduction of two of our favorite Costa Rica Beach
Fire Sale Properties:

1. This one is $875,000, reduced from an original $1.6 million, and most 
recently $1,195,000> and it won't last long as it is a 7 bedroom custom
home, located in Playa Hermosa de Jaco, Central Pacific Costa Rica.

 http://www.crbeach.com//Jac/Puntarenas/Other/Playa_Hermosa/Agent/Listing_88643786.html 

2,  Located in Jaco Beach, Central Pacific, Costa Rica, this is a unique 3 bdrm townhouse with its own pool
because its only 3 minutes from Jaco beach sand, and yet it has a fantastic 
ocean view on a hill away from the crowds. Reduced from $400,000 to only $229,000

http://www.crbeach.com//Jac/Puntarenas/Other/Jaco_Beach/Agent/Listing_83157193.html

A few Jaco real estate brokers got together
recently and we affirmed our committment to
our clients to place your funds in Central bank 
approved escrow accounts. We know you are
a little worried about investing in a foreign
country, and we feel strongly that your
money is best protected by using Escrow.  
There are a couple of options, but our favorite 
is Trustco Escrow Services. They have been
the best without a doubt, over the past couple
of years! Check out www.trustcocr.com
 
I received a phone call days ago, from one of
our "exclusive" Sellers, who wanted to lower
the price on a his Jaco beachfront condo due
to his coming surgery. This is the third seller
in a short period of time to say, "drop the price
I need money now."
These unfortunate circumstances mean
additional great savings for you!  Here are
three listings I have that are offering incredible
discounts due to medical emergencies.  
These great savings won't last long! See below:

http://www.crbeach.com//Jac/Puntarenas/Other
/Jaco_Beach/Agent/Listing_87562434.html
   

http://www.crbeach.com//Jac/Puntarenas/
Other/Jaco_Beach/Agent/Listing_83157193.html

http://www.crbeach.com/Playa__Hermosa/
Puntarenas/Homes/Playa_Hermosa/Agent/
Listing_80383039.html

 
I did the research for 2 clients new to our area, 
and discovered that 
Jaco has lots to offer you.
From the regular Friday "Feria" which every
week has new organic growers, to the
Hermosa 
Organic Farmers' Market on Saturdays,
to the new Uncle Earl's range fed beef and pork
with 
new permanent store soon to open in
Jaco 
by our friend Greg! This is all In addition to
the 
many products found in our "macrobioticas"
(health food stores), you can eat very naturally
in our 
little corner of the world. Go organic,
and avoid GMOs and 
other nasty ingredients,
come to the Jaco-Hermosa area!
 
How is the exchange rate? Very very constant. 
For every dollar you will 
get 494 colones, thus
your 1000 colones bill is worth about $2.00. 

So a quick way to figure out a price from
colones to 
dollars:multiply by two and
drop the 3 zeros 
10,000 colones is $20.....
 
The "new Jaco", full of new activities:
I would like to remind you all that our website
has great 
info regarding fun and free activities
as well as groups and 
organizations that cater
to North Americans and Ticos.
Please check out our Enjoying CR Life page,
where I just posted that the Central Pacific 
Women's Group is starting up 
again. Also why
not learn some handy spanish phrases on our
"Learn These Words" page? It will help!
 
TURTLES-TORTUGAS ATTACK!
Sunday, Sept 21, 2012, a day I'll never forget.
 As I was on my morning stroll along the not
white sandy, but chocolaty soft sanded Playa
Hermosa beach, I came upon a gathering of
sun-worshipers/surfers gawking at something
in the sand. As I got closer I noticed the top
layer of the sand was moving, and voila, little
turtle heads appeared. First one, then 5 then
10, and pretty soon
we had a mini army of the cutest little turtles
instinctively heading towards the warm waters
of the Pacific. What a great experience,
probably Reason #2 "why I love living in
Playa Hermosa".

 
 Keep in mind also that when
comparing the costs of living between the 
U.S. and Costa Rica, as well as houses
for sale Costa Rica, one must include all
of the extra costs.  Things like medical
insurance, doctors, dentists, and massages,
can be a lot cheaper here. Keep in mind as
well all the other taxes that we don't have in
C.R.I loved being in the U.S. on vacation but
I still prefer living in Costa Rica- maybe you
will too!
 
Reasons # 958-959 Why I love Playa
Hermosa!  
Everyday I walk on the beach 
and everyday I see 
something new. Today
I found a very cool fishing 
lure and some nice 
agates. Yesterday I picked up 
one of the
biggest conch shellsI have ever found! 
Great 
ocean wave like acoustics as it was a nearly
perfectly 
formed shell. Last month I wrote: I
wish I had taken 
my camera because one of
the biggest multi 
colored land crabs greeted 
me as I approached 
the incoming surf. Then
about ten minutes later 
one of Costa Rica's
favorite butterflys daintily flew 
by me. This was
one of those large bright 
fluorescent blue 
winged types-Blue Morpho-and it flew past,
over the 
tide! Moral: take your camera!

 

Forget Mexico!
Look at the article I posted on our news Sept. 1, 2010 AND YET, the
violence continues. It seems like everyday the news media still has a
negative story about violence in Mexico. In Costa Rica you can get
100% titled beachfront for less, you saw that Costa Rica is the safest
country in Latin America, and you can still buy Coronas, Tecate, pico
de gallo (mistakenly referred to here as chimichurri!), shooters with
Kahlua & Blue Agave tequilas. Yes I agree that Mexican food is better
than Tico food, but our Central Pacific coast has us worry free about
hurricanes that every year seem to affect those other vacation places.
 
HOW TO CHOOSE A REALTOR?
(updated April 15, 2013)
I realize that many of you who are coming down to Costa Rica might be
nervous as to who exactly you are dealing with and if your money is safe.
Certainly there have been some warnings and the occasional negative
press over the years, about the swindlers that have come to Costa Rica.
Thankfully most have all ready been discovered & are 
now gone. (Belize might be their new home)
You also may have heard that Realtors in Costa Rica don't even have
to be licensed. It's the wild wild west, some say, (although less frequently
than years ago).
How do you know who to trust?
My suggestions for those of you looking for properties in Costa Rica:
1. On their real estate website, do they list a land line phone number
or just a cell phone number? They may not be in the Central Pacific
area! Would you contact a realtor in your State who lives hours away
from the area where you are looking?  
2. Does the Realtor list a physical address? Are they located in the
Central Pacific area or are they in San Jose, Tamarindo, or Pavones?
3. Do they mention they are certified by the real Costa Rican real estate
boards-either the CCCBR or the CRGAR?? Yes these boards do exist
and are gaining more legal licensing power every year-and in 2013 we
may even see licensing become mandatory!
4. Do they have an "About Us" page with real information that lists their
names, where they are from initially, how long they have lived in Costa
Rica, and if they have legal residency? Some have an "About Us" page,
where nothing is written about "them."
I am amazed when other real estate websites don't even list the name of
the real estate broker or agent- yet they want you to fill out a contact form!
5. You might want to search for a date that shows when the website was
last updated, or for when their copyright date began. I have seen numerous
Costa Rica real estate websites where their business closed down years ago,
or the properties they are/were promoting ceased all operations, yet they
promote them like they are current. I also have seen some websites claim
they have been Costa Rica's #1 real estate company 
for longer than they
have actually been in Costa Rica!   Remarkable achievement!
6. If you really have any doubts about a realtor or a specific project-just
Google the name and put "complaints against" or "lawsuits against" or
"SEC violations 
against". Google is great, sometimes, about uncovering
swindlers with histories! 
Our experience in Costa Rica has helped us
quickly identify who is legit, and who to avoid.
Fortunately, a lot of the bad ones left Costa Rica
during the "crisis" 
and the good ones, are rebounding quite nicely. 
I would like to mention that not everything you see on Craigslist Costa Rica
is 
updated-so be careful in your searches without using an
established realtor!
 
Any questions, just give us a call, and please check out our other pages!
Sincerely, Jeff

 

Add 

Current market info written by CR Beach agent Colin, to a Seller, who is now more motivated!
The owner of a home in Jaco that has been for sale under another agency's " Exclusive" agreement for more than 3 years, without success, asked Colin about current market conditions and how we could help her sell her home now that she is highly motivated. I thought this would be good to share with you all. The home had been rented most of the time, but now she really wants to sell. This is what CR Beach agent Colin Miller wrote to her on August 21, 2012, with a few extra comments by me,  Jeff-owner/broker CR Beach.

THE MARKET
a.       The market is currently a Buyer’s Market, most owners here in CR paid cash for their properties and so there are not many foreclosures. However, savvy Buyers (mainly Americans and Canadians) know, or at least want to be under the impression,  that they are getting a FIRESALE or a very large discount off of a property that formerly had been priced in a speculative, booming, pre-crash market.
          Also, we know we are competing with other USA markets as well. We may have a Seller wanting to sell their property here to leverage a great deal in the USA, or Buyers weighing options in places like discounted Florida beach inventory vs. Costa Rica. For Sellers, it's no longer a matter of reducing the price 20% off of the ¨Speculation Era Price¨,  but rather a 10-20% off the readjusted  current ¨Buyers Market Price¨ or even 10 to 20% off the total amount invested in the property. Some Sellers are willing to do this as they have plans to  take a loss of 20% and then go buy something thats' reduced 30% to 70% in the U.S. or buy something else in Costa Rica thats reduced 25% or more.
b.      OWNER FINANCING is a good option that many Buyers are taking advantage of; most owners want half down in cash, and will carry the rest for three to five years with a balloon at interest rates varying from 5% to 8%. Property/Title is held in a Guaranteed Trust until property is paid off. This extremely protective trust option makes it much easier (cheaper-faster) for the owner to foreclose on the Buyer if the Buyer does not honor the contract. If you are a Seller, why not offer owner financing at 5% instead of having your money sitting in a bank earning one percent or less? 
c.       PRICE MOTIVATION. If the price you have has not generated a sale at this point, you will need to think about your level of motivation and reduce your price based on that level of motivation. You'll need to consider investing more money in "curb appeal" and see if there are improvements that can be made for small amounts
of money and time invested.
Buyers will never want to buy a property and inherit problems, be it legal issues, construction problems, unsightly finishes, damage to the home, neglect, unkempt and unsightly yards, etc. especially in a foreign country where Buyers may not have a network of people or resources to remedy the problems. Logically, the Seller must do thier part to deliver a property that has been taken care of and in excellent condition. If not, expect Buyers to lower thier asking price even further.
Additionally, a good agent will inform both Buyer and Seller of "comps" for similar properties in this market area so we can help price a property more accurately.
d.   Sellers, PAY ATTENTION!   EXCLUSIVE vs. NON EXCLUSIVE Listing agreements. What to do?. Many real estate agencies here in CR automatically ask Sellers for an Exclusive Contract. An unscrupulous agent may make promises to post your property on the Costa Rica MLS (Multiple Listing Service), even there is no USA type of MLS system in place in CR.  Exclusivie listing contracts in the USA relies on the MLS in order to function!  The MLS creates the role of exclusive listing agent and buyers agent. In CR, many agents act as both. The agent that asks for an exclusive and states that they need it to post on the ¨Costa Rica MLS¨ may conveniently fail to mention this to you and instead rely on your ignorance as you sign an exclusive. Remember, do not operate under the assumption that laws here for realtors are the same as your home country.
Without the strong participation by all licensed real estate agencies working in conjunction with the Costa Rica government to create and use a bona fide MLS; and without strong national legislation demanding that real estate agents be educated and licensed, what we currently have as MLS in Costa Rica are some private companies who have websites that attempt to call themselves, a Costa Rica MLS. These sites have no government backing, no realtor unions on board, and as a result very few enforceable contracts and rules and regulations. Furthermore, most properties in Costa Rica have no numeric address or street location! Good luck with an effective MLS! 
Thankfully, the laws in CR regarding ownership and transfer of property give you the same right as the President of Costa Rica to own fee simple property, that has always been a major attraction to foreign investment.  But the laws here are very lax regarding the real estate industry.  The problem is compounded by the fact that anyone can sell real estate here in Costa Rica:  taxi drivers, tour guides, bartenders, backpackers, surfers on holiday, etc.

The difference between the U.S. real estate transaction and Costa Rica transactions is that more power rests with the attorneys to provide the legal framework. The Costa Rica real estate "profession"  is evolving and we expect strong legislation in the near future.  
I know that the policy with some of our competitors is to always ask for the exclusive and only list exclusives, even before listening to the all the facts about the property, doing a purchase price analysis,  actually visiting the property, and some don’t even bother to remove the other agencies sign or take new pictures ! 
Many Sellers that have granted "Exclusives" have told us that they were not even aware that they had signed
an exclusive agreement. They weren't aware that it was possible to terminate the agreement before the time frame was up. We have seen some agents totally misrepresent the Sellers' property, and then when the Seller wanted to terminate the "exclusive" they were told, "sorry, that´s impossible."

Some agents exhibit a "knee jerk reaction" (based on greed, blind policy, etc)  to ask for the exclusive and then do nothing except put it on the website and wait and see what happens.  
In conclusion,

Why give an exclusive without checking: 
1.      The agencies website, do they update it regularly? Are there listings there
         for properties that sold 4 years ago or developments that never got built?   
2.      Do they have an office? a Secretary/Receptionist? An 800-toll free number?
3.      How long have the Agents been in Costa Rica? Are they legal residents?  
4.      Search engine position-can potential. Can buyers find the website easily?
5.      The advertising plan or ideas on how that agency will market your property- 
        OVER AND ABOVE just sticking it on the website?
6.     How quickly your emails are answered, or your phone calls returned?
        The biggest complaint we hear about other agencies is the failure to communicate.  
If an agency is interested enough and confident enough to ask for the "Exclusive" they should check out on all of these points and more.
MOVING ON... 
e.      COMPS in your area. 
If your next door neighbor had his home on the market at $299K for months with various agencies, down from an original asking price in the $350K range, and its very similar to your home, then we need to do things differently. Either starting at a lower price or by offering owner financing.  We need to position your home to be the one that sells first!
These are some current thoughts we have regarding how we may assist you with the sale of your property.
To contact us, please call toll free from the U.S. or Canada: 888-782-1119 or locally 2643-4334, 2643-3672.
thank-you
Colin Miller
Jeff Fisher 
Where is the best place to live in Costa Rica?

Best place to live in Costa Rica?

That's easy after having lived in various areas over the past 19 years-the Central Pacific area,specifically Hermosa Beach de Jaco.

We are only 10 minutes south of Jaco so we get all of the benefits without the noise:

1. like tons of restaurants from overpriced to underpriced-from exotic to tipico; all kinds of shops including a used bookstore; new 4plex movie theatre with a/c & surround sound; conference center for plays and special events; new central park with art and music events,

2. a strong Gringos-locals Chamber of Commerce (www.jacochamber.com); strong Women's Group doing all kinds of beneficial activities; and offering

varieties of classes.

3. The majority of the roads are paved and in great condition (except of course my last 1/2 mile to my Hermosa beach bungalow!) Also I love seeing the incredible ocean and sunset views while hugging the coast on the Costanera to and from Jaco.

4. The advantage of having all of the major utility companies and County seat government agencies located in Jaco. It's a nightmare when you live 1.5 hours away from getting your electric or phone or cable hooked up. I do love paying the absurdly low annual Municipal taxes ($69 for me).

5. Playa Hermosa just received a "Blue Flag" award for its cleanliness and is world reknowned for its surfing and uncrowded conditions for beachcombers.

Also our weather is better than anyplace on the coast south of Mexico. Our bay is slightly turned to receive more breezes, and yet we are not susceptible to many natural disasters found worldwide. Yes we get quakes, but they are very deep. We are 3-7 degrees cooler than the northern and southern pacific and 3-7 degrees warmer than San Jose.

6. Another reason I love the Central Pacific is now driving only an hour plus away from either the main Int'l Airport (SJO), or the great activities of Escazu-either to visit Central America's largest mall; or the restaurants, the only IMAX theatre of Central America; art, wine, or BEER festivals (had the 1st Craft beer one 2 weeks ago.) The Jazz cafe is there, the U.S. embassy is nearby, the Priceclub/Home Depot/Office Depot like stores, the Johns-Hopkins affliated Hospital-Cima is there

and there are tons of weekly clubs, church/spiritual groups, natural events,

and Costa Rican cultural events happening regularly...

So in conclusion, it ain't easy moving to Costa Rica, and its not for everybody.

Other places like Nicaragua and Panama are cheaper, but its amazing how many of those former Costa Rican resident expats that move there wind up returning to Costa Rica. Something to do with the friendly "Costa Rican" people and the stronger sense of community with the Gringos.

Yes I wish things went faster, made more sense, or were cheaper, and often times we comment that its amazing that Costa Rica has come as far as it has.

 The reality is no place is perfect, and I like the "no lawsuit" mentality here, and the "personal responsibility" that is demanded of you if you wish to enjoy your life here.

After 19 years, my favorite area of Costa Rica is beachfront Playa Hermosa.

Sincerely

jeff     

    

  

Why Costa Rica? Why Jaco?

Since I had named this blog Why Costa Rica?, I thought it might be good to consolidate all the reasons previously stated on the CR beach website, and put them in one location. I will update this as new awards are awarded.

Awards & Honors

Some of Costa Rica's most notable recognitions include: TripAdvisor 2011 Travelers' Choice Beaches Award for top beach in Central and South America; Apple Vacations 2011 Crystal Apple Award for Best Destination, the Condé Nast Traveler Readers' Choice Award 2010 for best resort in the Americas and best hotel in Central America; and Travel Weekly Readers' Choice Award 2010 for the seventh consecutive year for best destination in the Americas.

The Boom started 2006 and continues due to: 

1. The continued success of the luxurious Los Suenos Marriott Marina & Golf Resort, where their high end condos and homes set the standard for gated beachfront communities. 

2. The availability of more than 700 fee-simple 100% fully titled Jaco-Playa Hermosa beach front condos, homes, villas & ocean view lots-cheaper and so much safer than Mexico!

3. The year-round tropical lush green beauty of the Jaco beach area with the best climate enjoyed along the entire Central American Pacific coast!  No hurricanes, no tornados, no tsunamis!

4. The new highway from San Jose to the Jaco area has opened and the travel time is now ONE hour plus to the popular western suburbs of San Jose (Santa Ana-Escazu areas with IMAX, Cima Hospital, the biggest mall in Central America, and Priceclub!). This should "guarantee" our properties to appreciate in value faster than other areas.

4. Jaco Beach visitors are astounded at the positive changes over the past few years: beautiful new roads, exciting beachfront rentals, more police, shops & international restaurants, cleaner beaches, more entertainment options with our new 4plex movie and Jaco Conference Center, plus smarter-better looking people like you!

5.  Continual International Eco Tourism & Other Awards & Honors: 

   August 18, 2011: Costa Rica Ranks Best Country in Central America and the Caribbean for Foreign Direct Investment 2011-2012  Considering the country´s strong value proposition added to the attraction of more than 227 new investment projects between 2003 and 2010, the Financial Times Group´s FDI Intelligence unit has named Costa Rica the “Best Country of the Future for Foreign Direct Investment in Central America and the Caribbean” in its “FDI Countries of the Future” report. • Country outrivaled its traditional competitors the Dominican Republic, Panama and Puerto Rico. 

  Nov. 3, 2010  Costa Rica ranked number one value destination for winter 2010 by popular college student travel agencies: Smarter Travel, StudentUniverse, and STA in regards to great value locations for trips from December 1 through January 25. 

  August 26, 2010: The magazine "Travel + Leisure" places Costa Rica at the top as the best country in the world for single travel. In its latest publication, the magazine takes a look at the top 15 vacation spots for singles travel, taking into account several factors, among them basics for a foreigner to enjoy their stay in a country and security.

  2009 Global Prosperty Index ranked Costa Rica #1 of Latin American nations out of 104 nations indexed.(see our News page!)

  Costa Rica tops list of 'happiest' nations with the world's highest life satisfaction and the second-highest average life expectancy of the new world (second to Canada)," said the Independent British group that creates the Happy Planet Index  July 5, 2009 CNN reports.

  Costa Rica is the safest country in Latin America for business and multinational companies, according to the latest Latin Security Index analyzed by FTO for the weekly publication Latin Business Chronicle, May 25, 2009.  

  For the fifth consecutive year, Travel Weekly magazine has named Costa Rica as “Top Latin American Tourism Destination” for 2008. 

  The World Travel Awards announced (Feb. 2008), that Jaco Beach Costa Rica (with votes mainly from the U.S. and Canada), was recognized as "the Leading Beach in Central America." 

  Billabong's 2009 International Surfing Association (ISA) World Surfing Games was in Playa Hermosa Jaco beach, Costa Rica, July 31 till Aug. 9, 2009, 35 countries participated. It was a big success with an estimated 70,000 people in attendance!

  Costa Rica, according to The Global Competitiveness Report 2009, is the highest ranked Central American country, with Panama the next highest. Costa Rica’s commitment to education, good governance standards, production and export diversification (such as high-tech products, eco-tourism, and medical tourism) were some of the factors.

UPDATE June 25, 2011

The Jaco Cinema Complex is now open with 4 movie screens, with prices ranging from $4-$7. HOORAY!
 

   UPDATE APRIL 16TH, 2011
 The town of Jaco is very proud to have won its 4th Blue Flag thank to the joint efforts of the Municipality of Garabito, Central Pacific Chamber of Commerce, community and especially thanks to the excellent performance of the Interinstitutional Environmental Commission of Jaco , the only one in Costa Rica. 

 In order to receive the Blue Flag award, the quality of water, the solid waste management systems, the signaling of roads, the environmental education and public safety are all evaluated. The city council, local businesses and members of the community all worked together to ensure that the requirements were met and that Jaco was able to renew their accreditation.

For those that have not been to Jaco in the last few years, 

you will be shocked at the changes:

First: the newly paved roads entering our town.

Second: the high rise towers showing the dramatic growth.

Third: the small modern shopping centers;

Fourth: the presence of tourist police & the municipal police in

new cars and motorcycles.

Fifth: fewer low lifes, now replaced by tourists and cool people like you!

HOW NICE TO LIVE IN A COUNTRY THAT RECEIVES INTERNATIONAL TOURIST AWARDS! 
 

1. The magazine "Travel + Leisure" places Costa Rica at the top as the best country in the world for single travel, says  Inside Costa Rica Aug 26, 2010.
In its latest publication, the magazine takes a look at the top 15 vacation spots for singles travel, taking into account several factors, among them basics for a foreigner to enjoy their stay in a country and security.
 

2. Travel Weekly ranks Costa Rica as the best Latin American Destination      05-Jan-09
Travel Weekly Magazine, a specialized travel trade magazine, recognized Costa Rica as the best Latin American travel destination. The publication highlighted among the assets of the country, its many leisure activities and the friendliness of the Costa Rican people. 
This is the 5th year in a row that Costa Rica has been ranked this high while competing on this occasion with destinations such as Peru, Brazil, Argentina and Belize. The selection of Costa Rica was the result of a voting process in which 180 thousand travel industry readers in the United States representing travel agencies, hoteliers, corporations and suppliers, actively participated.  
Source: National Press 

3.  COSTA RICA IS AN ECO PARADISE ACCORDING TO NATIONAL GEOGRAPHIC     July 11, 2008,   "the tropical jungles, rivers and the country`s beautiful white beaches were reason enough for the National Geographic Channel to rate Costa Rica as the closest thing to heaven on earth."  

4.   Condé Nast Traveler recognizes Jaco Costa Rican Hotel

25-10-08   A recent edition of Condé Nast Traveler magazine, mentions Costa Rica among their Best Hotels of Central America awards. Each year, the readership of the magazine selects the Top 100 - Destinations, Hotels, Resorts and Islands (among other categories), to be recognized by the publication. Costa Rican hotels included in the listing are Lapa Ríos Ecolodge, ranking in 2nd place; Hotel Grano de Oro, in 5th place; followed by the Costa Rica Marriott in sixth and Villa Caletas in seventh.  In the category of Central American and South American Resorts, Hotel Punta Islita ranks 1st while the Four Seasons Resort took fourth place. Source: La República 
 

5.   U.S. TV Networks and Internet sites recently promoting the virtues of Costa Rica

07-03-09 Reports aired on U.S. networks such as CNN, CNBC and ABC (available on You Tube), highlight Costa Rica as one of the most attractive destinations for Health related tourism, Real Estate and leading edge Technology. For Medical Tourism, foreigners have selected Costa Rica for the combination of its low cost services, modern technology and highly trained health professionals. 
 

6.   The World Bank has ranked the Costa Rica as the world’s fourth exporter of technology, ranking first in all of Latin America. With respect to leading edge technology, Costa Rica has been recognized as an ideal destination for the development of the industry.from Al Día


7.  The  2009 International Surfing Association (ISA) World Surfing Games has been awarded to Hermosa Beach/Jaco, just 5 minutes south of Jacó on the Central Pacific coast. Some 35 countries are expected to be represented in the prestigious competition set for July 31 through Aug. 9, 2009. Improvements are being made to the Hermosa Beach Jaco area- right now!

     

8The World Travel Awards announced (Feb. 2008), that Jaco, Costa Rica won "the Leading Beach in Central America."  


9.  Costa Rica is the second best tourist destination in Latin America and the Caribbean, according to a survey by the World Economic Forum (WEF), which evaluated 130 nations (Mar. 14, 2008).  
 

10.   26-02-09 Rain Forest Aerial Tram of the Tarcoles, Jaco area receives award as the Best Tour for the 2007-2008 season by Princess Cruise Lines. 

11. Costa Rica Blue Flag Beach Awards: Oct. 2008 Jaco received its first Blue Flag beach designation for its clean beaches and general cleanliness, clean tap water, and other things. Again awarded this Mar. 24, 2009!!! AND AWARDED AGAIN IN 2010!!!

12.  March 24, 2009 Playa Hermosa of Jaco has just been awarded its first Blue Flag beach designation. All of the Hermosa residents (including me) and international surf lovers are celebrating this award. Congratulations!

Prior Awards for Costa Rica: 

2008    Readers’ Choice Award:  Best Destination for Ecotourism & Adventure. 
2007    Travel Weekly voted CR:     Best Destination Latin America  

2006    Smarter Travel.com voted CR:  #3 Safest Destination for Women Travelers

2006    Magazine "Viajes y Turismo" granted Costa Rica 
           the award for  "Best Nature  Tourism Offered"

2004    Recommend  (one of the most read mags by employees of travel agencies),
           Readers’ Choice Award:  Best Destination for Ecotourism and Adventure. 
           Also Recommend Readers’ Choice Award: Best Selling Destination 
           for Latin America

2004    Modern Bride - Best Destination for Honeymoons (Culture) 
            Modern Bride - Adventure Destination for honeymoon

2004    Travel Weekly - Best Destination for Latin America Travel Weekly - 
           Best Destination for Tourism from the United States

2003    Recommend - Best Destination for Latin America.

 

2012 Hopes, Dreams, Realities

Happy New Year everybody!

We hope this year will be much better than last year,

and our dream is that our dreams will become realities.

Seriously.

The "experts" say that last year was the absolute worst for

sales and new home construction. We believe that this year

prices will hit rock bottom, and begin to climb back up,

ever sooooo slowwwwwwlllllllllllllllyyyyyyyyyyyyyyyy.

We are optomistic.

Call us and you'll hear it in our voices.


Sincerely,
Jeff

 

 

 

Firesales with Financing, Now Available!

Jaco Costa Rica Beach Fire Sales!
UPDATED: August 26, 2011 by Jeff Fisher,
Owner-Broker CR Beach Investment Real Estate
 

We just sent out a newsletter in September promoting some of our firesales
that now have Seller Financing! Call or write us to get a copy!

  • Has the Global Recession "bottomed out" as some economists are stating ? 

  • Will Costa Rica's new highway to the Central Pacific, Jaco Beach area help to create another boom?  

  • Will you have waited too long, hoping for that last additional 10% discount and miss the opportunity of your dreams?

We watch the U.S. news stations, and we know what's going on in the U.S. real estate market,
because it does affect us here. However Costa Rica real estate is very different.


 Main reasons why there aren't more Fire Sales in Costa Rica:
1. Costa Rican banks did NOT make many loans to foreigners, nor even residents the past 7 years. Our banks are not in the same crisis situations as found in other countries, with bank repossessions and liquidations, foreclosures and bankruptcies. 

2. Our condo market consists primarily of purchasers who only have 10-30% invested, with the rest Owner-financed. Thus they can only discount what they have invested!   If the building isn't finished, they might only have equity of 10-30%.  Some developers are offering discounts of only 10-20% now, so as not to infuriate their previous purchasers too much.

3.  Remember, even at our peak, the prices in the Jaco Beach, Central Pacific area never reached the incredibly high price points found in other popular international tourist or retirement destinations, like Mexico. Lower building & land costs were reflected in the original sales price, so instead of $1 million for a 3 bedroom beachfront condo that is now to reduced to $400,000, in our area you might see a $600,000 condo reduced to $469,000.

4. Many properties in our Central Pacific area are in that special category for Costa Rica, 100% Fee Simple Titled Beachfront!
This is one of the reasons why prices in Playa Hermosa or Jaco have not dropped at the same rate as properties that are not beachfront.  Hermosa Bungalows and Hermosa Palms have seen reductions ranging from 10 to 20%, but there are no foreclosures in either place.  Again this relates to the above statement that the banks didn't loan money-thus no foreclosures. However prices are at their lowest in 3 years, so now is the time to buy!!!

 

Why Buy Now?

 

1.  "With crisis comes opportunity" but nobody can predict with 100% accuracy the perfect time to buy.We can show you that right now, prices are that their lowest in several years.

DURING  2011, our sales as well as other local realtors, have been very good compared

to last year. Of course, Sellers need to show that their properties have been reduced

at least 20% in price from the previous year. Again, no bank financing has hurt us, but some Sellers are willing to give owner financing. Give us a call to discuss our best deals.
 

2. The new Caldera (Ruta del Sol) highway from the western part of San Jose to the Central Pacific  area of course will continue to attract potential investors to our area.

Costa Rica is a small country and access to the capital San Jose, is very important for all kinds of "quality of life" issues including shopping, medical, and entertainment options. 
The appreciation of the Central Pacific Jaco beach area is thus, (dare I say) guaranteed!
 

3. The U.S. housing market is "flip-flopping" regarding its recovery. Our market is showing resurgence! 
Finally there is some positive news from the U.S. housing market which does affect our

market here. The faster U.S. residents can sell their homes, the faster they can come to Costa Rica to purchase properties here. 

The Opportunity is Now!
Please contact us, by phone or email, to get all our latest updates for our "fire sales and almost foreclosures!" 
CR Beach will assist you in determining which Central Pacific Jaco area properties could be reduced further in price, and which will be sold very quickly.

By simply typing your name, email, and (hopefully your phone number) below, you will be able to discover our newest listings.
We promise to respect your privacy, (we hate spam too!) and we will never share our lists with any spammers.

Best Regards,
Jeff

August 26, 2011
Owner-Broker CR Beach Investment Real Estate

Why buy now in Costa Rica Central Pacific Jaco area?

Jaco Costa Rica Beach Fire Sales!
UPDATED: March 25, 2011 by Jeff Fisher,
Owner-Broker CR Beach Investment Real Estate
 
www.CRbeach.com

  • Has the Global Recession "bottomed out" as some economists are stating ? 

  • Will Costa Rica's new highway to the Central Pacific, Jaco Beach area help to create another boom?  

  • Will you have waited too long, hoping for that last additional 10% discount and miss the opportunity of your dreams?

We watch the U.S. news stations, and we know what's going on in the U.S. real estate market, because it does affect us here.
We also are aware of conflicting opinions regarding the immediate future, as this article states.

Predictions for Housing in 2011 in the U.S.
Dec. 28, 2010 National Association of Realtors|
Will housing values increase in 2011?
Fortune.com offers both a bullish and a bearish prediction.
The bulls say: Affordability is at its highest level. Billionaire Warren Buffet is among those who believe this is a sign the slump is about to end. Buffet writes: "Prices will remain far below 'bubble' levels, of course, but for every seller (or lender) hurt by this there will be a buyer who benefits."
The bears say: It’s not over yet. Housing is still overpriced and inventories are enormous, says Daryl Jones, an analyst at investment research firm Hedgeye. Jones warns that home prices could fall another 15 percent to 30 percent because no one is buying.    
Source: Fortune.com, Nin-Hai Tseng (12/27/2010)

Vacation Home Sales on the Rebound
March 23, 2011 Daily Real Estate News

Some of the hardest-hit cities in the housing downturn were from vacation home areas, but now these areas are seeing a surge in sales.

Condo sales in Hawaii and Florida are inching upward, Housing Predictor reports. For example, in the first two months of 2011, existing condo sales in Oahu, Hawaii, increased nearly 21 percent and the median prices on these units jumped 7 percent higher than more than a year ago.

“We’re definitely seeing continual strengthening of the market as more buyers are taking advantage of low prices and low rates to buy second homes and vacation homes,” says Jeff Proster, president of Brookfield Homes in Hawaii.

Meanwhile, closed transactions of existing condos in Miami jumped 58 percent higher in February compared to a year ago.

“We are even seeing instances in certain neighborhoods with multiple offers above asking price,” says Jack Levine, the Miami REALTORS® chairman.



 Main reasons why there aren't more Fire Sales in Costa Rica:
1. Costa Rican banks did NOT make many loans to foreigners, nor even residents the past 7 years. Our banks are not in the same crisis situations as found in other countries, with bank repossessions and liquidations, foreclosures and bankruptcies.  

2. Our condo market consists primarily of purchasers who only have 10-30% invested, with the rest Owner-financed. Thus they can only discount what they have invested!   If the building isn't finished, they might only have equity of 10-30%.  Some developers are offering discounts of only 10-20% now, so as not to infuriate their previous purchasers too much.

3.  Remember, even at our peak, the prices in the Jaco Beach, Central Pacific area never reached the incredibly high price points found in other popular international tourist or retirement destinations, like Mexico. Lower building & land costs were reflected in the original sales price, so instead of $1 million for a 3 bedroom beachfront condo that is now to reduced to $400,000, in our area you might see a $600,000 condo reduced to $469,000.

4.  Some properties in our Central Pacific area are in that rare category for Costa Rica:
100% Fee Simple Titled Beachfront.
This is one of the reasons why prices in Playa Hermosa or Jaco are have not dropped at the same rate as properties that are not beachfront.  Hermosa Bungalows and Hermosa Palms have seen reductions ranging from 10 to 20%, but there are no foreclosures in either place.  Again this relates to the above statement that the banks didn't loan money-thus no foreclosures. However prices are at their lowest in 3 years, so now is the time to buy!!!

Why Buy Now?

 

1.  "With crisis comes opportunity" but nobody can predict with 100% accuracy the perfect time to buy.We can show you that right now, prices are that their lowest in several years.
 

2. The new Caldera (Ruta del Sol) highway from the western part of San Jose to the Central Pacific  area of course will continue to attract potential investors to our area.

Costa Rica is a small country and access to the capital San Jose, is very important for all kinds of "quality of life" issues including shopping, medical, and entertainment options. 
The appreciation of the Central Pacific Jaco beach area is thus, (dare I say) guaranteed!
 

3. The U.S. housing market is "flip-flopping" regarding its recovery. Our market is showing resurgence! 
Finally there is some positive news from the U.S. housing market which does affect our

market here. The faster U.S. residents can sell their homes, the faster they can come to Costa Rica to purchase properties here. But negative news is right around the corner.

 

The Opportunity is Now!
Please contact us, by phone or email, to get all our latest updates for our "fire sales and almost foreclosures!" 
CR Beach will assist you in determining which Central Pacific Jaco area properties could be reduced further in price, and which will be sold very quickly.

By simply typing your name, email, and (hopefully your phone number) below, you will be able to discover our newest listings.

We promise to respect your privacy, (we hate spam too!) and we will never share our lists with any spammers.

Best Regards,
Jeff

 

March 25, 2011
Owner-Broker CR Beach Investment Real Estate

 

 

Is now the time to buy in the Costa Rica, Central Pacific, Jaco area?
Jaco Costa Rica Beach Fire Sales! UPDATED: March 25, 2011 by Jeff Fisher, Owner-Broker CR Beach Investment Real Estate www.crbeach.com Has the Global Recession "bottomed out" as some economists are stating ? Will Costa Rica 's new highway...(read more)
Luxury Tax Opinion rendered by Owner-Broker Jeff Fisher
Owner-Broker Jeff Fisher hopes to help your understanding of this new law by posting a mixture of facts and opinions.  Laws generally do not take effect in Costa Rica, until they are ruled upon after a challenge has been made to the Sala Cuarta (Costa Rica's version of the Supreme Court). We feel this will soon take place, prior to the required payments being due! 
Please keep in mind from December 19, 2009 to January 4, 2010,  ALL public sector employees are off on their Christmas/Year End vacation. Thus no information will be available from the municipalities nor the Registro Nacional until Monday Jan.4, 2010. The payments are SUPPOSEDLY due Jan 15, 2010, giving everybody 10 working days to figure out their tax and submit this BY COMPUTER-online as required.
Thus my professional opinion is to contact your personal attorneys for legal advice, and I promise to provide further relevant data here with i
nformation and options as they become available.
Be prepared, but don't send in anything. Read the Bob Klenz letter below. Waiting is the key.
Thank-you,  Jeff  
UNBIASED POSITIVE REVIEW OF COSTA RICA

 

 

 

 LATIN BUSINESS CHRONICLE
Monday, November 23, 2009  BY WALTER T. MOLANO

"Costa Rica has one of the healthiest economies
in Central America."
 

 

Tightly wedged between the Pacific and Caribbean, Costa Rica is the picture of entrepreneurship and industry. Unlike most of the countries in the region, Costa Rica does not brim with mineral riches. It lacks the oil and metals deposits that abound throughout parts of the Caribbean and Latin America However, that is not to say that the country never took advantage of its comparative advantages and endowments. During its colonial days, Costa Rica was a breadbasket for Central America and the Caribbean, cultivating the wide range of crops and livestock that thrived throughout its varied climates. During the past 30 years, Costa Rica cashed in on its bounty of ecosystems and natural beauty, becoming one of the major destinations for high-end tourism. Moreover, during the last two decades, the Central American country tapped into its rich vein of highly skilled workers to become a manufacturing hub for the high tech industry. Given such a diversified economy, it is little wonder why the global credit crunch was little more than a speed bump.

 

After posting an average growth rate of more than 6 percent y/y during the past four years, the impact of the global credit crisis was relatively mild. Costa Rica’s GDP is expected to decline 1.6 percent y/y in 2009. The level of economic activity dropped 4.5 percent y/y during the first quarter and 2.4 percent y/y during the second quarter.
However, the economy bottomed out at the end of the first half, and there are clear signs of an early recovery. We expect GDP to expand more than 4 percent y/y in 2010, thus allowing the unemployment rate to fall below the current level of 7.7 percent. The silver lining of credit crunch was the sharp decline in the inflation rate. Costa Rica’s consumer prices typically post double digit increases each year. However, they are expected to increase only 5 percent y/y in 2009.

We expect inflation to remain in the mid-single digits in 2010. As a result, the central bank is changing its exchange rate policy. Instead of employing a crawling peg, it recently shifted to a banded system—thus allowing for greater flexibility. Most locals expect the colon to appreciate by the end of the year to a level of 550. One of the factors that should help appreciate the currency will be the large influx of foreign direct investment (FDI) expected next year. Government officials expect FDI to reach $2 billion in 2010, thus exceeding the highs that were posted in 2008. The effects of the global credit crunch and a sharp decline in tourism led to a 30 percent decline in FDI this year. However, a series of reforms and initiatives will allow capital inflows to resume. The government recently passed legislation allowing among other things, the liberalization of the insurance and telecommunications sectors, which sparked interest from a wide range of multinational and regional players. Moreover, the signing of CAFTA-DR led to a flurry of FDI activity in ports and infrastructure.

 

Unlike many Central American countries, Costa Rica is known for its solidarity and political consensus. In 1948, following a brief civil war, President Jose Figueres Ferrer abolished the military. This abolition was instrumental in allowing it to avoid the social strife and divisions that characterized most of the region during the 1970s and 1980s.

This is one of the reasons why most people are sanguine about next February’s elections. Justice Minister Laura Chinchilla is expected to sweep the day. A close associated of President Oscar Arias, the bounding popularity of Minister Chinchila reflects a general desire for continuity. Chinchilla may be expected to win the elections, but she still faces several important challenges. The main issue will be addressing the erosion of the fiscal accounts. The decline in economic activity and a sharp increase in government spending pushed the fiscal accounts deep into the red. The fiscal deficit is expected to crest over 4 percent of GDP, thanks to large increases in infrastructure spending and social programs.

Fortunately, Costa Rica enjoys strong multilateral and international investor support. Therefore, it can get easy access to financing. In sum, we believe that the country should overcome its obstacles. Costa Rica has one of the healthiest economies in the Central America. Its economic diversification and political stability allows it to enjoy a steady pattern of high economic growth and prosperity. Perhaps, this is one of the main reasons why Costa Rican bonds were one of the best performing instruments throughout last year’s global financial meltdown.

Walter Molano is head of research at BCP Securities.
Copyright Latin Business Chronicle, www.latinbusinesschronicle.com

 

 

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