real estate prices have dropped quite a bit, the potential commissions that real estate agents and brokers could earn have also dropped. But the drop in commissions can be more than offset by the amount of properties that can be sold. And getting quality real estate leads is one of the keys to making this a reality for real estate professionals. This is because there are so many more properties on the market now than there were before the bubble burst. Here you will get the everything about Ambergris Seaside Real Estate official website.
The rise in the number of homeowners who are underwater on their mortgages has increased so much that a very large number of them have decided that they cannot afford to stay in their homes. They would rather sell their home and buy a comparable home for a much lower price, and take the loss so that they can improve their cash flow situation by having a lower mortgage payment each month. And since there is no shortage of properties to buy, these people had no problem finding a suitable home for a good price.
And another result of the rise in available properties is that more and more people are becoming first-time homeowners. Since prices on homes are falling, more and more people are able to afford a home for the same amount they are currently paying in rent. So the logical choice for these people is to buy a house rather than continuing to rent.
And did I mention there are MANY smaller properties available right on the beach for sale by private owner… front-line beachfront. Most have ‘for sale’ signs, some don’t.
One two-story house is asking $62k. Another is asking less than half that but it is a tear-down, only the beachfront lot is worth something. There is also a 14-room beachfront hotel for sale asking $200k (negotiable).
It’s a true buyers market, a low-priced hidden gem, which can’t be said for many beaches further south on the coast.
Did I mention, you’re also just a half hour from the nearest airport (in Esmeraldas)?
But is it safe being near Esmeraldas and so close to Colombia?
Well, this place is south of Esmeraldas, and Esmeraldas is actually much farther from Colombia than people realize, being several hours south of the border. So in my experience, you’re fine. Esmeraldas itself gets a bad rap but the locals are actually quite friendly and Sua is still a bit of a distance from the city itself.
One negative to buying beachfront here might be that for many of the properties there is a malecon or boardwalk between the property and the beach, but it does not have much traffic (if any) other than the occasional pedestrian.
Also, for most of the year it would be quiet but for Ecuadorian holidays it may get noisy towards the north end of the boardwalk when restaurants place boom boxes outside their storefront to attract Ecuadorian customers. They tried following examples of other big companies like Salesforce, which stress the importance of introducing chat bots to improve customer service.
But overall, I see real short-term potential for growth for Sua as the spill-over from beautiful Atacames has to go somewhere (and it can’t go north, so it must come south).
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