 Basic Real Estate in NicaraguaHistorically, attorneys and notaries handled real estate sales in Nicaragua until 25 years ago. The Nicaraguan Government still does not control or license the real estate Industry. This is not to be confused with the property registration system. Each County in Nicaragua has it’s own Land Titles Office, and property records date back to the late 1800’s, and are very detailed and accurate.
The average foreign buyer of property in Nicaragua is at risk if they are not familiar with the system of buying real estate in Nicaragua. We at Nicaragua Realty recommend that all foreigners who purchase properties obtain the assistance from a professional real estate representative or agent in addition to an attorney. The way that real estate business is now conducted in Nicaragua has changing dramatically over the last 10 years, and a large number of professional Real Estate offices have opened up in Managua, Granada, and San Juan del Sur. Today, there are approximately 50 professional real estate Companies operating throughout Nicaragua.
We at Nicaragua Realty believe we are the best real estate Company in Nicaragua to help you with all your real estate needs. We check and double-check the records of each property that we list, and we have a great track record with our clients, both sellers and buyers. Our goal is to provide professional representation and outstanding service to our clients. We have knowledge of hundreds of properties for sale in Nicaragua because of our relationship with property owners and developers in Nicaragua, and we do have their trust, which means that we commit ourselves to making sure that they receive the promised funds for their properties.
We assure our clients who are buyers that they will receive a clear title to their property, and that all outstanding debts on his property are cleared prior to transfer of ownership, and that they will have no problems with their property in the future. Nicaragua Realty also acts as the liaison between First
American Title Company and the buyer, if they decides to purchase a Title Insurance Policy. We also work with the best real estate attorneys in the Country on a daily basis. This is very important because the attorney will ensure that all the documents are legally binding and filed correctly, funds are disbursed correctly, and all fees, taxes, and any issues that arise are resolved.
The payment of our commission is generally the responsibility of the seller. We negotiate our commission fee separately for every property. The buyer generally pays for the real estate transfer taxes, title searches, surveys, title registration, attorney fees, and other miscellaneous fees. So, as you can see, not every real estate transaction will be the same, however what shouldn’t change is your need for good real estate representation. Choose Nicaragua Realty for all your real estate needs and we guaranty you will be happy with our service and professionalism.
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