Multiple Listing Service in Ecuador, there are many of them for free and with great online services.
Others will tell you that they are not available mainly because they are still making a profit out of gray “pocket listings” or marking up the For Sale By Owner properties.
Ecuador has no restrictions on foreign investment in real property; you can buy real estate the very same day of your arrival using only your valid passport as identification
You can check my Personal adds on free Multi Listing Services in Ecuador:
Legal Real Estate and Development Transactions in Ecuador:
When informal business transactions were first recognized in Ecuador, the discussion focused on inefficient public institutions, cumbersome registration processes and a general distrust of the government – all factors that spur the creation of a market outside a country’s formal structures – does days are gone, Ecuador Real Estate Law enforcement is making its way into this new emerging economy. If you put together all these new changes with a stable US Dollar economy, Ecuador becomes a great property investment location to live and retire.
Use to be that many locals and foreigners depended on informal Real Estate employment or businesses for a living, but informal employment has had serious consequences at the levels of both the individual and society. Beyond earning levels, informal employment makes OWNER, BUYER, AGENT ‘s basic legal rights vulnerable and difficult to defend.
The only real problem you may find will be the language barrier, there is a straight forward solution: translation services or bilingual proof services. Remember, there are many local Ecuadorians Professionals that speak English and Spanish fluently.
Do Not Pay Buyer’s Agent or Finder’s Fees!
Ecuador is in the process of strict regulation of its Real Estate Market and Development. For many years, Real Estate Developers, Service Providers, Agents, Locals and Foreigners Vendors, For Sale by Owner….. transactions have been mostly cash transfers due to the relaxed nature of informal transactions.
The Ecuadorian law is enforcing and updating its Real Estate Laws, this will improve the overall Real Estate Service Industry and Development. Important for you to know: Ecuadorian Law estates that the Seller pays a sales commission to the listing agent, then the listing agent splits that commission with the agent bringing the buyer to the transaction much like in the US.
How should you go for assistance?
For consumers or legal claims, any local Ecuadorian Legal Attorney or Buffet will be able to help you out, now just be aware of: ANY ATTORNEY THAT ASK YOU FOR MONEY ONLINE, there is no reason for a professional to request any money until you have verify with third parties of their professional background. Like in USA or Canada, you will find many scams online.
The following links will provide you with details on Ecuadorian Laws and the government institutions to go in case you encounter any problems while doing Real Estate business in Ecuador:
There’s no shortage of wonderful locations in which you can retire in various parts of the world. It may be a good idea to take a look at the Dominican Republic and see what this region has to offer.
This is a region that is a feast for the eyes, with beautiful beaches, clear water, a wonderfully breezy environment and a lot more. But the reason why it is so popular is because it’s a place where you can live very comfortably for as little as $2,000 or even less.
Although people in the Dominican Republic seem to earn less money, amazingly they are able to live much better, and the pace of their lives is calm and unhurried than people in the United States. Why is that? Because the cost of living in the United States is astronomical compared to the cost of living in the Dominican Republic. Add to this the fact that on top of all the privileges you have living in this country, you can actually get 18% interest on your bank account – tax free! Who could ask for more?
There’s no doubt about it, Dominicans are in the enviable position of being able to live life to the hilt. Remember, your dollar investments here are earning high rates of interest, all of which is tax-free. This is a country that has one of the fastest growing economies in the world. And then, take a look at health care facilities here. You won’t be disappointed – they are as modern as you need them to be.
You may argue that there are other places in the Caribbean that are just as appealing. True enough, but the scope of the Dominican Republic for both the investor and the retired person remain unmatched.
Just wait! In few more days we will show you the best property options at this wonderfull destination, take a look in this video, and you will follow in love right away..
Dominican Republic – another affordable country for sun-loving boomers and prospect expat retires. This is great news!! Our Dominican Republic collaborator has new locations and opportunities on our radar screen.
Welcome to invest in the Dominican Republic
Imagine a place in the Caribbean surrounded by a contrast between the mountains, the sea, and a beautiful marina bringing to life the perfect harmony between natural beauty and human creativity. A place where summer lasts all year long and every day begins with a new experience; exploring incredible destinations, enjoying a safe and familiar environment.
Well, stop imagining, keep up the speed with us and soon we will publish great properties opportunities.
FUTURE PROPERTY DEVELOPMENT
Offering the highest standard in commodity and luxury whether it’s in its exclusive hotels or in any of its many residences; apartments, villas and townhouses, you will find in Samaná Bay and Sabana de la Mar your dream come true, The Samaná Peninsula is known to have one of the most beautiful bays in the world.
The Dominican Republic has a modern airport system in the main regions of the country, providing comfortable and efficient access. Given its privileged location in the bay, sailing from Puerto Rico, Bahamas and Florida is ideal for those who rather arrive by water.
You will find both locations in the following map.
Now heading towards its 4th year, it is the leading event in Ecuador dedicated to educating investors and traders of all levels.
When you make the decision to buy a home to live in, or for an investment, it is critical that you immerse yourself with information and insights from trusted, experienced experts – and this is on-tap at the show.
With a major exhibition and over 70 high-powered seminars across three information-packed days, visitors will leave each show with a greater understanding of what’s required to make smarter (and more profitable) decisions when researching, finding and buying their next property in Ecuador.
As an independent exhibition participant our objective is to provide visitors with the opportunity to gain direct access to the most impartial, highly qualified and successful experts from Ecuador and around the world.
So if you only attend one property education event this year – make it EXPO-HABITAT 2011 in Guayaquil, Ecuador, one of the most leading events.
Local projects, properties and contractors… all in one place for you to search your best real local price property of your dream.
I trust the following website will provide you with an inside view of the show, I could help you out with all the information you need since everything will be outline in Spanish.
Start building a network of professionals and friends overseas as the stepping stones to a great life overseas…
I don’t need to remind you of the problems we are facing today, in North America and elsewhere. You may already be watching your nest egg shrink…and, like many, may already be taking a hit on your day-to-day quality of life.
So, we get excited around the idea of a brand-new start in a brand-new place where you can enjoy all the things you might be missing out on right now.
Then, reality sets in.
You will have to sort through an overwhelming number of possibilities out there, making all of us tipsy when thinking about crossing the fence to a complete new setting in life.
First, let´s check some basic ideas to help you see if living or retiring overseas works for you.
People who chose to retire overseas weren’t prepared to settle for an average retirement. They were looking for a better quality life under a lower income.
The word “retirement” has nothing to do with checking out or taking it easy, unless you want it to and could afford to. Maybe this is your case, here you will find great places were you could improve your golf swing or join a bridge club…or you could spend your days lazing in a hammock beneath a palm tree. And no one would think any less of you.
For the rest of us who are not ready to take up a position on the sidelines of life, there are plenty of options to show you here in Ecuador, South America. And, I am pretty sure they could be applied in other Latin American countries.
The world is alive with opportunities for fun and for profit, no matter what your age. That’s because it is easier today than ever before to live, travel, invest, and retire as best suits your personal agenda.
Now, if all this ideas are for you, then you should start working on a plan to make your dream come true. My first suggestion will be to start building an online network of people (professionals and friends) that will help you along the journey.
I know sometimes it is difficult to garner the right information. They usually tell you that you are not going to find reliable answers to your life-overseas questions by simply surfing the web…or reading all the books you can find on the subject.
I believe that if we pull together to provide the right information online from honest professionals at each local place, we will be able to overcome this sort of limitation.
Apply your common sense and ask every question that you can possibly conceive. On this blog, we should be able to provide an open source of information for your plans to live overseas, and not to depend only on paid sources from people who have experience traveling or living overseas and making a profit out of it.
If you like to share o become friends to help others online, please write something about your experiences when going overseas. Here you have few topics to start springing ideas in you:
How much money do I need to set aside for going overseas? Should I sell my house? Will I rent a property overseas or should I buy?
Things like local health care, Immigration laws, ways to make an extra income, local customs and the way they deal with foreigners, how to buy property, especially in developing markets, any main issues faced by all would-be overseas retirees…
Good luck and welcome to the Global Community!
I will like to point out few things here which I believe are very important to take in consideration. Once a person decides to retire or live overseas, they are opening their minds to a complete new and different perspective in life, of course these underdeveloped countries or emerging economies, as I like to call them, have a whole different situation, may that be political or economical, but on the other hand, they do offer a great compensation by providing natural environments, health and a comfortable lifestyle under a small budget.. Most develop countries are saturated with environmental problems, and their economies are going under huge debt problems.
Saying this, I should also agree that few smart foreigners are taking advantage ahead of the game and overpricing local properties in this heavenly retirement option. One thing to be sure is that properties by the ocean in Ecuador are cheap, you should always buy from locals, anybody can buy properties here, you may need the assistance of a professional who is related to the local market, which will not jump the price to the American standards.
I am even seeing that companies who have been in the business of promoting Latin America as a new found heaven for retirement, are also making money by offering tours and seminars. This is not fair at all, there is plenty of information on the net, and Ecuadorians are very friendly and open people to welcome business from other cultures.
Don´t let anybody tell you differently, I wouldn’t like to see Ecuador being merchandise by people who are just taking advantage of a timing opportunity. Please get informed, of course as with anything else in life, you may come across and find dishonest people, but by asking for professional references, you´ll be able to avoid that, take your time and travel to Ecuador for a visit, see it your self, even if they try to point out that the actual president is following Venezuela’s foot steps.. I can tell you that Ecuadorians are a complete different story, they will never allow it…
Ecuadorians are very business oriented, and a very hard working society, they will always push their Politians to open the doors to the world. They had to go through a hall process of changes with their previous established politics to level the social standards.
I was born in Ecuador and raise in Canada, I have seeing both worlds, plus having worked in other countries, I am a citizen of the world, we should never undermine any place, I just think that there is a perfect place for every type of character in life and budget too….
I started writing about overseas living in Ecuador after my friends and clients ask me to please make all those tips of information available to the world.. so I went on with my brand new blog.. I am open to constructive critics, comments and if any body will like to collaborate please you all are more than welcome, it will be a great cause..
Presently working in the Ecuadorian Construction Industry with a major local firm, I am currently residing in Guayaquil, Ecuador, having moved recently from Miami, Florida where I resided for approximately 2 years.
Don´t forget always check local property market at real local prices! Here I leave you some properties images in Ecuador…