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Talk Show 17 – Living In Costa Rica

Talk Show 17 – Living In Costa Rica

In this episode, we start with a Q&A session and share a few tips for those retiring to the southern Pacific zone of Costa Rica. We also share specific ideas about property features that may not be on a buyer’s radar. Whether you are ready to relocate and retire or, like many of our Canadian clients, simply want a warm and sunny place to escape to when the weather turns cold, this Talk Show provides basic information and (hopefully) stimulates your desire to visit. Pura vida.

Posted in How to buy, Info & How To's, Relocation, Talk Show0 Comments

Retire Early to Costa Rica Part 2 The Cost of Living

Consider the cost of living in Costa Rica.

Does and early retirement to Costa Rica cut expenses in half?

Please see part 1 if you haven’t already.

My e-mail inbox, and Facebook, and LinkedIn messages, repeatedly urged me to go to the Wall Street Journal to read this article. It appears that my friends know my interests.

I spend much of my days talking with people who are interested in making Costa Rica their home. Real estate occupies a fundamental place in this decision hence, the referrals to this article, written by a couple of 60-some gals that relocated to Playa Naranjo on the Gulf of Nicoya, 5 hours north of where I live in Uvita Costa Rica.

Cost of Living in Costa Rica

In detailing out living expenses here, the author (Vicki) says that she has cut her living expenses in half:

We spend about $50 a week on food (for two people). Native fare is rice and beans (about $2 for about two pounds), potatoes, yucca, onions, red peppers and carrots (about 25 cents each). For $1 you can buy three cantaloupes, or two avocados, or four mangos, or three oranges (in season), a watermelon, or a whole pineapple and enough fish to feed two. Two pounds of ground beef (86% lean) or boneless chicken cost about $4. On occasion, I’ll splurge, paying about $6 for a bag of Cheetos or miniature chocolates.

I am one of those guys that doesn’t pay much attention to what stuff costs at the grocery store. This is not due to vast wealth, although I suspect that the wealthy are among the most vigilant of such things. That is likely one of the reasons why they are wealthy.

What I do pay attention to is when something is outrageously expensive, like walnuts, and cheese. Peanut butter is prohibitive and only the not-good-for-you-hydrogenated-oils-added type is available anyway. This is a bummer for those of us that thrive on peanut butter on bananas. Here we live where bananas grow like weeds, and there isn’t a decent source for quality peanut butter. Give me a break! Such are the ironies of life.

So, I’ll go with Vickie’s report on the costs of various staples.

Housing prices are off their highs of two or three years ago. You can buy a nice two-bedroom home on about an acre of land for between $100,000 and $300,000. My utility bill is $50 to $150 a month, depending on how much I use the air conditioning. My property tax last year was under $100.

You can get a good idea of housing prices in The Zone by looking around this blog. It would seem that houses are a bit less expensive in Playa Naranjo if Vicki has her numbers right. Although, maybe not. I understand that up north there are lots of small, 1/4 acre, piano key style housing developments. Since we don’t have this type of property here, we are not comparing mangoes with mangoes. Most lot sizes here are multi-acres and have ocean views.

Having said that, we do have one house that is actually quite nice starting out our housing options at $150,000.

This is a bit of an anomaly. I would typify our house options as starting at around the $250,000 – $300,000 range, and go up from there.

Expense: Electricity – Pools and Air Conditioning

So much depends on how you want to live. I don’t have air conditioning, but I find that a pool is nearly indispensable here in Costa Rica.

Electricity is expensive here. As with so many things here in Costa Rica, the powers that be are saddled with the challenge of two extremely different economic strata living together in one country. There is a graduated use scale for billing electricity consumption. They seem to have done a pretty good job of determining how to really nail the primary consumers and leave the simple, non-consuming farmers alone.

Unfortunately, the high cost of “luz” as electricity is called in Costa Rica, affects the price of food. The cost of running all those refrigeration boxes in a grocery store is the primary expense of running such a business and affects the price on the non-refrigerated peanut butter, which is the real tragedy of this story.

There are a number of different strategies for dealing with the high cost of electricity here in Costa Rica. One couple I know feel that there is a time of day, when the demand is low, when you get more kilowatt bang for the buck. So they set up to do their laundry in the wee hours of the morning. Others say that this is simply not true and that there is no timing involved with the billing of electricity.

On properties where there is more than one structure, like a main house with a guest house, you can run two meters, one for each building. This helps economize on the scaled, consumption based billing of ICE (EE-say, not ice) the electric company.

Pools, refrigerators and air conditioning are the primary contenders for causing a shock with the monthly electric bill. One trick that I learned from a veteran expat pool owner, is to ignore the traditional pool care procedures and instead do this.

Run your filter for a couple hours a day only. This will obviously cut down on electrical consumption. However, the thought is that you need to filter all of your water, once a day. So, you calculate the amount of water you’ve got, with the amount of water that your filter filters per hour, and you’ll likely come up with the need to run your filter for 4 hours.

Well, ignore that.

Go with the two hours. Use your tester to make sure that you always have the right amount of chlorine in your pool. I switched from a salt pool over to chlorine for economic reasons, so I’m not talking here about salt. You’ve got to run the filter to get the salt/chlorine conversion, and that requires longer runs of the filter, which makes economizing on electricity difficult if not impossible.

When the 2 hour cycle starts, gradually pour a half cup to a cup of granulated chlorine into your pool’s skimmer. I have gone for months with this program with no problem. We do, on occasion have problems, but not any more than the normal amount for pool owners, and our electricity bills went down.

Disclaimer: I am no pool expert. We have had problems now that have required professional help to clear up, but I think that most people with pools have such concerns, even when they are doing the conventional, electricity-gobbling pool care system. Also, if you decide you want to try this program, really keep an eye on your pool. Learn how to use additives like “Shock” and “PH” powders. If you see any discoloration in your tile or grout, you’ve probably got algae. Get rid of it. I use a steel brush and swim around with a mask and snorkel prowling for any irregularities.

My but I do carry on. There is so much more to say on this topic of retiring to Costa Rica.

Gratuitous use of my primary search term for Google purposes: Costa Rica Real Estate

More Retire Early to Costa Rica coming soon.

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Retire Early to Costa Rica – Comments on a WSJ Article

Retire Early to Costa Rica – Comments on a WSJ Article

 

Comments and Criticisms of a Wall Street Journal Article.

Comments and Criticisms of a Wall Street Journal Article

There is a rather interesting article over there on that good ole U. S. icon, The Wall Street Journal. From where I sit, living as an expat in Costa Rica since 1999, I found the article, written by Vicki Berrong, a good read, and the comments at the end quite enjoyable as well. However, as with all things human, the article presents lots of opportunity for criticism and opinion, which I more than happily engage in here.

Perfect Profile of a Costa Rica Real Estate Prospect

How I came to live on the Pacific coast of Costa Rica is a story about early retirement, tight budgets and lots of planning.

Because of being a long time expat, living in Uvita, and working in real estate, I talk almost on a daily basis with such people who want to know how to chart their course so that they can avoid as many rocks below the surface as possible.

I’ve copied some parts of the article here, and I’ll make comments on these points, but I encourage you give it a read in its entirety by clicking here. Even the title I find to be right on the mark: “Best Place to Retire Early” typifies so many folk that we talk with these days.  However, early retirement brings along with it the need to generate a bit of income in your new land of residence, which is a common aspect of our Costa Rica real estate consultations.

My best friend, Carol, and I began thinking seriously about retirement roughly 12 years ago. We knew we wanted to retire early, but we recognized that our small nest eggs (and the fact that Medicare doesn’t kick in until age 65) could make that difficult. Eventually, we concluded that living outside the U.S. would allow us to stretch our dollars and retire on (our) schedule. Thus was born a 10-year plan: five years to pay down as much debt as possible, and five years to find a home overseas.

What Vicki describes here is a perfect profile of visitors to our Uvita real estate office – I’d say realistically we talk with 3 – 5 of such individuals and couples a week. Please keep in mind that we are just now emerging out of rainy season here in Costa Rica which is typically a slower time of year as regards the number of visitors, so this number could easily go up now that we are in a busier time of year.

Besides enjoying reading Vicki’s experience in the article, I really enjoyed the comments that can be seen at the bottom of the article. I’ll address those at the bottom of this article.

How Big is Costa Rica Really?

After a total of seven trips to this small country (about the size of New Hampshire and Vermont combined, with a population of about 4.6 million), we found “home”

OK, so I’ve got a bit of egg on my face. As an authority on the matter of moving to Costa Rica, I have quoted this point VERY differently, and done so numerous times over the years, no doubt to many of the readers of this blog. I haven’t searched it, but I suspect that even in this blog there are examples of my erroneous comparisons of Costa Rica being the same size as Rhode Island or that you can fit six Costa Rica’s into Colorado.

I did some research based on Vicki’s declaration and here’s what I came up with, establishing that Vicki was spot on with her analogy and I was WAY off with my Rhode Island comparison, but somewhat vindicated with the nearness of my Colorado comparison.

  • Size of Costa Rica: 19,730 sq. miles
  • Size of Vermont: 9,622.8 sq. miles
  • Size of New Hampshire: 9,350 sq. miles
  • Size of Colorado: 104,185 sq. miles
  • Size of Rhode Island: 1,213.9 sq. miles

Costa Rica Prices & Costa Rica Coffee

a cost of living at least 50% lower than in the U.S.—and good coffee

I’m not so sure about this cost of living comment. Maybe when all is said and done, it tallies up to this percentage of difference… maybe.

Us Guys talk all day long with folks who are wanting to relocate to our area. We have a certain amount of obligation to make sure that the old image of Costa Rica, which was certainly accurate at that time, needs to be re-adjusted in the current time that we are living in. Costa Rica is no longer an inexpensive place to live.

I got a kick out of Vicki’s $16.00 per gallon of gas statement – obviously a goof (unless that’s what gas costs in Playa Naranjo.  Frankly, I wouldn’t know). We are running at a little over $5.00, but some of the other costs are much higher here, namely vital staples like peanut butter and cheddar cheese – well any cheese for that matter.

About Costa Rican coffee – AWESOME! It is the best, and it’s cheap. You can pay buckets of cash for some of the marketed Jamaican Blue Mountain or Kona Gold, or whatever, or you can upgrade to a finer taste and gentler effect to the body by buying whatever, rot-gut, off-the-shelf, grocery store brand of Costa Rican coffee you like. When I visit the States, I bring coffee with me for the visit, or look for the Costa Rican blends in the health food stores there, where they charge a premium for the stuff.

I do tend to run on about things. So I guess what had started as an article commenting on a Wall Street Journal article abut buying land and living in Costa Rica is turning into a series.

In the next article I will comment on a few more points in Vicki’s article, but I’m REALLY looking forward to getting into the submitted comments on the article.

Stay tuned.

Posted in Culture, Featured Home, Info & How To's, Personal, Relocation0 Comments

Cars in Costa Rica

Cars in Costa Rica

Cars in Costa RicaIt is a well-known fact that the import duties, taxes, stamps etc… for bringing a car into Costa Rica are exorbitant.  They run somewhere between 50% & 70% depending on how new the car is.  They tax newer cars less than older cars, hoping that this will improve the quality of cars in Costa Rica.

When we foreigners first hear about the amazingly high tax rate on cars, we are shocked and wonder at how can that be?  This is lunacy!  There must be some way around it.

First off: there is no way around it, and as for the lunacy part, perhaps.  But there is a rather twisted sort of logic that I’ll go into later that may help to explain this.

What kind of car to own?

In 1999, when I first moved to Costa Rica, the world was a very different place. Not many Ticos had cars and those that did were driving cars that were considered classics by Gringo standards.  I was a bit surprised to see a number of Datsuns on the road. Remember those?

I discovered that Costa Rica is extremely hard on cars.  So, whatever car you see a lot of here, that car is likely a very good, very well-built car. The hot tickets were the late ‘70s Toyota Land Cruisers and Land Rover Defenders. They were all over the place – and diesel no less!  These cars in the States go for a pretty penny.  Here, they are not so much fashionable, as reliable and affordable.

My first car in Costa Rica was a 1978 Diesel Toyota Land Cruiser. Every grown up boy’s dream.  I LOVED it.  My kids didn’t like it due to the rough ride and the sideways facing rear seats.   So we ended up getting rid of it and getting an early ‘90s Isuzu Trooper, another of the immortal cars at the time.

So, back then, at the beginning of my Costa Rica saga, the amazing cars were:

  1. Toyota Land Cruisers old & new
  2. Land Rover Defender (old)
  3. Toyota 4Runners
  4. Isuzu Trooper
  5. Mitsubishi Montero
  6. Suzuki Samurai
  7. Niva
Niva Russian made car.

Niva Russian made 4 wheel drive car

The Niva was an interesting car. It is from Russia and was built like a little coupe, but it was/is 4 wheel drive. I had some Tico friends that had one and they loved it.  I looked it up on the Internet and saw that there was some serious fever around this little car. There were clubs and some very souped up examples of the little vehicle around the country.

Now

I drive a 1998 Toyota 4Runner and I love it.  I am VERY hard on it, and it just purrs right along. This body style and 3.0 turbo diesel motor are a genuine classic here in Costa Rica, and you see lots of these cars around. Toyota continued this particular model until 2002. So, if I were to upgrade my Toyota, it would be for a 2002, but the problem is, I am quite happy with it the one I have now. I spent $16,000 on it 3 years ago. I am told that it would fetch $16,000 now.  I have a hard time believing that, but a quick check of what they are getting for them at crautos.com confirms that it has held its value very well.

I’m also a fan of the Suzuki Gran Vitara.  I don’t know if this car exists in the States, but here it is a long lived car, and so its presence is felt on the roads of Costa Rica. Concerns are: gas only, a little low on ground clearance.

The Mitsubishi Montero is a great SUV. There are 2 models, a Sport model and a larger, more deluxe model.  Both are good, but my preference still leans towards the 4Runner, mainly due to the larger 3.0 motor.  Although, you can get a 3.5 in the larger Mistubishi, but then you are in another price bracket.  Good clearance, stout, diesel.

Other popular makes & models are: Toyota Prado – very popular, most Nissan SUVs, Daihatsu BeGo is a small 4 wheel drive that is immensely popular.  Jury is still out on durability. I know that the back door starts to rattle almost immediately, but with their short wheel base, they seem to go anywhere. The smaller 4 wheel drive cars feel every bump in the road.

Samurai’s and Sidekicks hold a strong place in the mix.

You still see some of the older Landcruisers and Defenders around, but they are getting so old, and so beat up here in the Costa Rican life style that they are now starting to suffer from material fatigue. They seem to want to keep running, but even the raw material of the chassis is getting tired out. Still, there are some good examples around and you can have a lot of fun fixing one of these up.  I know of one right now for sale by my neighbor for $4,000, which I think is a decent example of their street value. Its in good condition and runs well.

Cars are the largest single expense in the Costa Rican lifestyle. Gas is running over $5.00 per gallon, and those taxes make just the buying of them painful, if not prohibitive.

Ridiculous Taxes Justified

So how is it that the high tax isn’t absolute lunacy?  The government of Costa Rica is saddled by an interesting challenge.  The land in the country has just recently, say in the last 15 years, started to have a value.  Up until then, all Ticos had land, land they didn’t have to pay for. For the most part, it was free!

Now people from all around the world are wanting some land in Costa Rica, so obviously the values on Costa Rica real estate have gone up. However, the government does not have the ability to raise the taxes on the land since this would impact a good sized majority of land owners in Costa Rica – subsistence farmers. So, I think without saying as much, and perhaps without even consciously recognizing that it’s what they do, they set out to tax the rich, and leave the poor alone.  This is done by high vehicle taxes, with exceptions being extended to common types of farm vehicles.

The government is now starting to look at other ways to tax the rich.  They are working on tax maps that will assign a tax value particular to certain areas ie. coastal areas would be taxed higher than inland farm territories and so on.

If you’d like to post your thoughts on cars in Costa Rica, please feel free to do so.

Posted in Featured Home, Info & How To's, Just for Fun, Relocation0 Comments

How To Get Rich in Costa Rica Real Estate

How To Get Rich in Costa Rica Real Estate

Satellite Overview of Uvita Costa Rica

Uvita Costa Rica is a Diamond

The popular movie series of the – what was it – the nineties, eighties? Well, whatever it was, Back to the Future illustrated well the point that knowing what is going to happen in the future is key to making a lot of money. The problem with this tidbit of obvious investment data is that none of us have the ability to know what is going to happen in the future. So we deal with our inadequacy by analyzing data, conditions, information, trends and rational thinking to come up with a picture of what we feel is going to happen.

Now, if I haven’t lost you by my utilizing a sensational title and then reneging, let’s move on.

Ben’s Data, Conditions, Trends and Rational Thinking as it Relates to Real Estate in Costa Rica’s Southern Pacific Zone

There is an interesting change happening here on planet earth. Old rock-solid institutions and unmovable, immortal entities have gone the way of the dodo, they’ve died, and we inhabitants find ourselves looking around – hmmm, how to say? a bit disoriented would be a gentle way to put it.

I had a guy come into my Uvita office the other day to explain to me in great detail why buying gold is important, and that the major banks in the U. S. are going to be going under shortly: Bank of America, Wells Fargo and others.

This wasn’t some lunatic. This was a credible man in his sixties that has found his way in life that any of us would characterize as “successful”. The point, however, isn’t to debate the vitality of these North American institutions, but instead to illustrate the time of change that we are living in, and how this relates to real estate in the Dominical, Uvita and Ojochal zone of Costa Rica.

Quality of Life Yearnings -

Dominical is, for many, symbolic of an agreeable life change, a step back in time and a step towards a simpler way of things. Its perpetually non-improved dirt “main street” and lack of growth facilitates the little town to be likened to something worn and comfortable – an old shoe perhaps?

Talk with some of the vacation rental owners in the area and you’ll hear of the regulars that come every year and stay for a month. Talk with the folks that come and stay for the month and you’ll hear how they love the laid back, rustic, simple feel of the towns. Talk with all the above and many will confess to the desire to move here.

More on this data point later.

Geographical Data -

Dominical is shaped like a slice of pizza.

"Pizza Town" Dominical Costa Rica

Dominical is situated on land that is configured like a slice of pizza, with the wide part of the slice being where most of the buildings are. The slice is defined by the Baru River at the wide end, the pacific ocean along one of the sides, and the coastal mountain range on the other side. The sides both converge to make a point right at about where the restaurant and hotel Roca Verde is situated.

Uvita is like a diamond shape – well loosely like a diamond shape. It has a lot more flat space around the town. Our guessings of some years back was that Uvita would eventually become the social/economic center of The Zone, and indeed it has. However, back at that time, Dominical was the place to be and was the only place known in countries other than Costa Rica, so one might have thought this prognostication to be a bit adventurous at that time.

For the first six years that my family and I lived in San Isidro (inland from Dominical about 30 minutes), we did homeschool and I worked on Internet technologies from home (when I had a connection to the Internet). Part of our weekly schedule was a beach day. We had it down. We had a box with cooler, towels, hammocks, adjustable straps for the hammocks, and receptacles for seed and shell gathering. We almost never went down to the beaches of Uvita, even though they are arguably nicer than Dominical. The reason? The road was sometimes impassable. It wasn’t paved and the trip could take 45 minutes.

Geography of Dominical Costa Rica as illustrated by a slice of pizza

Dominical Costa Rica as a Slice of Pizza

This would be a bit difficult to accept if all you have known about the Dominical / Uvita link is the current highway, but I am not describing an ancient era. This era in fact ended a mere 7 years ago with the paving of the highway.

In my next installation here, I will look at some more trends and data points, as well as my read on what all this indicates about how to get rich in Costa Rica real estate.

More on how to Get Rich in Costa Rica Real Estate Coming Soon!

Posted in Info & How To's, Projections, State of the Market0 Comments

Talk Show 16 – Construction

Talk Show 16 – Construction

Even though we call it Talk Show 15, this is indeed the 16th Episode of the Guys In The Zone Talk Show. This episode delves into the topic of construction in Costa Rica. Ben, the founder of Guys In The Zone, interviews Matt Callero of Mango Construction (mangoconstruction.com). Matt offers some answers to the popular questions– Is it difficult to build? How much is construction per square foot? And, what trends he foresees unfolding in the southern Pacific zone. Enjoy!

Posted in Construction, Featured Home, How to Sell, Info & How To's, Talk Show0 Comments

Relocation FAQ

I just received some questions from a connection that I made in the Social Media site LinkedIn. I am reprinting these here due to the increase in these types of questions lately. I’m sure that these questions, and their answers, will be of help to a number of our readers.

One of many developments above Dominical.

Location In The Zone:

  1. We don’t want to feel like we’re living in the middle of nowhere, but we’re not looking to live in a large city like Seattle!  What is The Zone like?

As a starting point, you picked a good one. The Zone, as we like to call it down here in the southern pacific zone of Costa Rica, is definitely a bit removed from things.  The developments are typically more spread out than North American developments, so in most cases your neighbor will not be right on top of you.  Access to The Zone is possible via two regional airports (both approx.40 minutes from Uvita) and the Costanera Highway.  Thanks to the new San Jose-Caldera Highway, the trip to San Jose is now 3 hours.  That said, it is difficult to say if this area would appeal to you with this point, and I would recommend a visit before making that determination.

You can buy or build your dream home.

Buy or Build:

  1. We are also trying to decide between building a home or buying existing… Do you have any suggestions?

This is one of the more common questions that we deal with. Here is an interesting data point: the majority of people that walk into our office want to buy an existing house. Yet, the majority of people that buy from us buy raw land & build.  Why is that?  Here in The Zone, we have been outside the main flow of tourism.  This was due to the bumpy, dirt road between Dominical and Quepos.  It is now paved, and we are more in the flow.  Historically, those visitors and relocators who found their way down here were a bit… well, let’s call it eccentric… might be the way to put it. These are truly individualistic individuals who built their house as an expression of that individuality. These houses are not easy to sell. Now, I should clarify that this building approach is ancient history.  There are very nice homes available in The Zone; however, there just aren’t that many of them.  The inventory continues to evolve, and home sales are up.  That said, I suspect that it’ll be a while before we hit the 50/50 mark of house/lots sales.  Our recommendation is to take your time and look at everything.  After you go through this process, you can compare those houses with what it would cost to buy & build on a similar piece of land, keeping in mind raw land is plentiful.  You might find that $450,000 house can be built for $350,000, and you’ll have it the way you want it.  Conversely, you might find a great house for less than what it would cost to buy and build.  In today’s market place, and with the economic crisis, you never know what you might find.  Building in Costa Rica can be a daunting and frustrating task.  For this reason alone, some people simply refuse to go through the process.  This question really is best served in a face to face consultation.

The ARCR is one of many sites with good info.

Groups and Associations:

  1. I have heard to be very wary of some places being over priced for foreigners who don’t know any better. Any good groups or services to retain?

Hmmmm, well I am inclined to think that you’ve found all you need right here with me. :)  A not so self-serving answer would be, “yes.”  There are actually PLENTY of options for information, so many in fact that I wonder at how one can really know what the straight story is.  Residency, taxes, zoning, business and so on, in a foreign land, requires that one be on his toes. I like the Costa Rica Living news group at Yahoo groups. Also, the Association of Residents of Costa Rica (ARCR) have been a helpful residency and insurance resource for some of my clients.  Ultimately, I think that what you are doing is a good idea.  Talk with individuals who have done what you want to do.  When I get new clients in the Dominical and Uvita area, I set up lunches with my previous clients who have moved here, built, learned Spanish etc.  It seems that everyone is more than happy to share their experience, and from these tidbits you’ll get a very good idea of what to do and, often more importantly, not do.

Starting A Company:

  1. Did you find it difficult to start a company there? I will be looking to work, but understand I will need to start my own business to get paid. At least until we were able to become residents.

Starting a business, or buying an income generating property, or both, used to be oh-so-easy in Costa Rica.  Business owners would only complete the necessary steps to get a business license if someone from the Municipality came and bugged them about it.  And, income generated by businesses or rental properties was reported even less.  In today’s Costa Rica it has become a bit more difficult, or maybe I should say involved, to operate without them.  For better or worse, Costa Rica is growing up and finding ways to enforce laws that they have had on the books for years, in some cases, decades.  The simple fact is, to do any kind of work in Costa Rica, you need to be a resident.  Otherwise, you run the risk of being deported.  We know people who can help with residency and setting up a business, among other services.

I hope these thoughts help to answer your questions, although it is my experience that they usually bring up new questions.  Safe to say, The Guys here to help.

Posted in How to buy, Info & How To's, Relocation3 Comments

Why Won’t Anyone Sell My Property?

If you as a seller are finding that an agency does not respond to repeated “nudges”, it may be time to ask the question: “do you not want this listing for some reason?  Do you feel that there is a problem with my listing or that it is overpriced?”.

Please keep in mind, dear seller, that the only way that the real estate agency makes any money for the time that they invest in your listing, is if they sell it.  The Costa Rica real estate market has recently taken a 40 – 50% reduction across the board and there are still many sellers that feel that their property is an exception.  Or they may be willing to wait until the market comes up again to sell.

Some agencies are reluctant to speak with candor about such concerns.

Posted in How to Sell, Info & How To's0 Comments

Retire to What, Boredom?

Boredom... or relaxation?

“You can only walk the dog on the beach and read in the hammock so much.  I miss my work” – this from an expat who achieved “the dream”. He and his wife had retired from their successful business in the U. S. and had bought land and built a gorgeous ocean view home here in Costa Rica’s southern pacific zone.

Hearing this statement set my wheels to turning. I can’t remember the last time that I was bored. Natalie either, we both need to set time aside and make sure that we spend some time every week walking the dogs on the beach and reading in a hammock.  These activities are downright good for the soul. However, I can definitely see how there is a limit to how much one can do of these activities before they get to jonesing for some activity of a more productive nature.

I work with lots of people that are re-locating or who are looking to make a connection of some kind to the zone.  In the consultation phase, I focus on helping with understanding the various aspects of life here that are different from “back home”. How to buy property, how to open a bank account, a corporation, how to learn Spanish, how to get health insurance, where is there a decent dentist and so on. In my consultations, I try and touch on the various points that are a concern to all of us as we integrate with life here in The Zone.  Up till this point, I had never really thought about boredom-management being a line item on my consultation list.

One of my dearest friends is, well how to say… along in years. Yeah, that’s it. His life has been one of extraordinary and high achievement.  He’s at the point now where they won’t sell him life insurance, (well, they will but at the price its more realistic to say they won’t.)  He tells me that a “long term” investment to him is measured in months, not years.

This dear old friend and I started doing business together some time back.  I’ll never forget when he said to me “Ben, you’re keeping me alive”.

Here again, a man who had achieved what so many set out to achieve, and now his life is being enhanced by being included in what I do on a daily basis.  I find this fascinating.  Is there something missing from “the dream”?

I’ve got to work. I have financial obligations and am not in a position to retire. So I look for ways to do this while living in this foreign land. I truly believe that working here in Costa Rica is an act of creativity. In fact, it was my efforts to be creative and to think outside of the box that initially drew my attention over to some of the potential business “assets” that I have available to me.  How about an older man that figured things out in his day back in the States?  Would he be interested in sharing his thoughts and perspectives on my business efforts? “Ben, you’re keeping me alive” he says. This is what I call a fit.

My dear old friend and my clients mentioned earlier differ in that Old Friend is happy and content here. The other is moving back to the States.  Granted, there are lots of reasons for moving back to the States. When our kids have kids we tend to lose our minds and feel that being with the grandkids is the thing that has to be done, regardless of what it takes. However, I’ve met a number of folks here that say that the kids can come here to see them, by golly.

I wonder if the difference really might be the activity/boredom balance.

Now in my real estate and relocation consulting service, I include this point about boredom in the schpiel.  Costa Rica isn’t like the States where so much of one’s time is spent shopping as a form of pastime or entertainment. You lose this habit here pronto.  Shopping here in the zone takes about 2 hours, tops, then you’re done.

You can make a day of it, and many do, if you want to go up to the San Isidro farmers market on Thursday and/or Friday. Travel time from Uvita is just under an hour each way.  It’s also quite the adventure to simply stroll the streets of San Isidro and window shop. This can be a lot of fun, but it won’t ever be more than the occasional thing that you do here.

Interesting Ideas

There are some interesting and creative efforts that have been made by folks who have chosen to make Costa Rica their home. In an upcoming article I’ll tell you about some of these efforts.  I’ve even got a favorite that I’ll share with you.

First, I’ll take the easy road and tell you what I do. I run the real estate company: Guys In The Zone.  My partner Rod Martin and I have forged one of the deepest working/friendship relationships on the planet.  Knowing that you’ve got a partner through thick and thin gives life a depth that it otherwise doesn’t have and I’ve got this in Rod.

So, we call it the business of real estate, but the funny thing is, we spend the majority of our time doing things that really aren’t “real estate” by definition.

All those points that I mentioned above, the points about bank accounts, learning Spanish and so on? We consider these topics regularly as we work with people on real estate.  Who would’a thunk that a discussion about how to learn Spanish or quieting the internal dialogue would be involved with the business of real estate?  Well, it’s all part of the package.  When you sell real estate in Costa Rica, you become the single point of contact for folks that are interested in The Zone either as a place to vacation, invest, migrate to for half the year, or full blown live here. I gotta say, this makes life interesting.

In addition to this I enjoy writing articles such as this one for our blog (www.thezoneblog.com), as well as publishing articles in the local Montañas al Mar magazine.  I’m involved with CAP (Crime Awareness and Prevention) and just try and find things that need doing. The Guys in the Zone also run a couple of the local web site portals  that serve as visitors guides to the area (www.dominical.biz and www.uvita.biz).

I say all that to demonstrate why the thought of boredom is a strange one in my world.

I’ll be posting some examples of the creative ways that expats not only fill time, but support their lives while living here in this sparsely populated area of the world.

 

Posted in How to buy, How to Sell, Info & How To's, Personal, Relocation2 Comments

Pura Vida Poll, August 2011

August begins a new Guys In The Zone tradition, the poll question. As some of you know, we have been increasingly active with the social marketing and networking lately. LinkedIn, in particular, has inspired many new connections and ideas. The Poll will be a regular addition to our Talk Show and articles, and who knows? It may even inspire youto submit your own poll question about Costa Rica real estate and life in the Southern Pacific Zone. If you have a LinkedIn account, thanks for voting!

 

Posted in How to buy, Info & How To's, Just for Fun, Land For Sale, Relocation0 Comments

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