Where Do Most Americans Prefer to Live on the Coast of Ecuador?

I’ve found that most Americans when looking for a second residence…not a property bought strictly for investment purposes… are mostly looking for the same thing… Be near or on the water, be safe, with good internet and basic services available, and have things to do nearby like shops, restaurants and a local “scene” to integrate with.

Well, there’s really only one place on the coast of Ecuador that can offer that type of environment well as of now… This week on my weekly Ecuador Insider’s newsletter I’ll reveal where, sign up below (you can unsubscribe at any time):

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Where Can I Meet other Expats in Ecuador?

Ecuador is still kind of an off the beaten path destination, you won’t find communities of 20,000 other Americans here like you can in Mexico… yet.

But it is relatively easy to meet other Expats, I’d start online, at the active Ecuador Expat Yahoo Group. There you can post questions, converse and meet others on the ground.

I’ve found it much easier to make new friends while living abroad than in my home country (USA)! It’s that a lot of people are new like you and also searching for new buds. (And birds of a feather do tend to flock together.)


And for more Ecuador insider info like this and to be informed of future properties in Ecuador for sale, as soon as they’re on the market, sign up for our weekly newsletter below (you can unsubscribe at any time)…

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Buying Art for Your Home in Ecuador- The Cheap Way

The starving artist is a common sight in Ecuador.

There are many good ones, and few buyers who are willing to pay much for their art. Here is a guide about how to decorate a room on a budget.

This makes Ecuador a true paradise for the art buyer or the person looking to decorate a home. Check this out to know more about art. Get a great rush of decorating enthusiasm to create a home decor that stretches your imagination. Make style a big impact and production when decorating on a powerful emotional wave. Take your decorative style on a journey of elegance to refine, shift forward and set up beautiful interior spaces. Trust your decorative mcgannbrothers to design living spaces that go a higher level in creativity and power. Use mega-size motivation to improve your decorating style as a knockout or notch of luxury. You can visit to https://www.malerstaubo.dk for painting your house and make looks of home more stylish. Does your home need a major style revival? Find decorative stamina in coordinated finishes, stylish accessories that modernize and dramatic treatments to overhaul a sagging interior scheme.

There are galley-k offering local art at a premium, but if you are looking to find the same quality local art at less than half the price, go off the beaten path…

On Sundays, go the catholic store on the outskirts of the nearest large town you find yourself in. For example, a great place to go and look at art, and buy it, in Quito on Sundays is the Park “Ejido” in the center of Quito.

In these local markets on Sundays you can find incredible Latin-American style paintings, sculptures and handicrafts as well as beautiful, Andean wool clothes.

In Ecuador, there is no excuse to have a bare wall in your house.


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The Phantom Escrow of Latin America

There you are, in the cozy sales office looking at the plans of a beautiful, soon-to-be beachfront condo complex.

The enthusiastic sales rep is making it sound perfect.

Everything looks and sounds great, and for buying in before completion, you get a huge discount.

Heck, as it looks, you could probably double your investment in less than 2 years time.

As the sales rep pauses, you think to yourself, “Worst case scenario, I’m “stuck” with an oceanfront condo.”

So you buy, pay a hefty deposit and fly back to your country, eagerly awaiting the inauguration.

But there’s one thing the sales rep didn’t tell you that you really need to know.

In most parts of Latin America, what happens behind the scenes in these construction projects is way different than what happens in the US.

In the US, what typically happens is the builder will buy the land and make the building plan. Then they begin to sell units. You can read this article to know about best plans for granny flats.  You can even see here how to appoint best granny flat builder. Discover More info here about appointing best builder.

The money they receive from their sales goes into a secure escrow account that the builder can show the bank in order to help get financing to finish the project. Only upon completion of the project does the builder get access to YOUR money. As you are investing your money and waited for long time for new home. You should appoint the best home builder. Read More Here for more guidance.

Down here in Latin America, it’s a little different.
Financing from banks is almost non-existent. So as the builders sell units during construction, they use that money, your money, to fund the project!

Even worse, often, they will tell you your money is in a secure, third party, escrow-type account, but really, the day after you paid, that money is in the builder’s pocket.

So what happens if the project goes bankrupt and can’t finish?

You lose your money.

But what normally happens is that the builders just wait it out if they run out of funds, which means years could pass without you getting your property.

The best way to avoid this is to buy into a project of a large, reputable, solvent company and not to pay a large deposit. Instead, pay in small intervals marked not by dates, but by specific completion points of the project.


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Where to Watch MLB Baseball in Ecuador?

OK, good question. The best place to watch MLB major league baseball in Quito is the Plaza Foch area. There are many bars like Mulligan’s and Bungaloo that cater to foreigners and foreign sports. But usually, only games featured on ESPN will be viewable.

If you know of any good places to watch in Cuenca, please suggest them for everyone in the comments below!


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