Category: Investor News/Analysis

Looking for help adjusting to life in Ecuador? Extending your visa? Finding a rental? Learning Survival-Spanish? Shipping household goods? This large Andean-style house turned Hotel-Spa is for you.

The new Expat Assistance House-B&B in Guayaquil offers free advice and guidance on all the technical aspects of life in Ecuador and discounts for extended stays.

For more info on this hotel-B&B near the Guayaquil airport click here.

And to get notified of foreclosed properties made available in Ecuador, house auctions, and the hottest unlisted property deals you won’t find published anywhere sign up below for the Weekly Ecuador Insider’s Property Alert (you can unsubscribe at ANY time):

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Thousands.

That’s what I saved last week on lawyer’s fees when buying a property in Ecuador because I handled the paperwork myself. Now you can too.

In Ecuador, the Title (Escritura) of a property is registered in three places… a notary’s office, the local Municipal, and in the Property Registry Office (Registro de Propiedad).

When buying a property in Ecuador you have to go to a notary with the seller (preferably one where the old Title of the property is on file) and sign a new purchase agreement which then serves as the new title. Most people first visit HouseBuyerNetwork.com and perch there a little longer to first find what kind of home they’re looking for.

The notary itself will often write up the document of the purchase agreement itself and check out the old Title.

After that, the signed purchase agreement (new title) needs to be registered in the Property Registry’s Office and local Municipal to become official. When registering the document in your name both the Municipal and Registry will charge taxes.

The Notary will charge a fee too. Last week I mentioned the amounts I got charged.

But many, apart from the fees mentioned above, pay a lawyer thousands to handle the whole process and do the “run-around” paying the fees in the Municipal and Registry office, etc… when often it isn’t necessary.

I did it solo. And I didn’t do the “run-around” myself.

What was the trick?

I paid the secretary of the notary $50 cash to do the “run-around”, wait in the lines and register the property.

She did it. And a week later I went to get the official certificate of Registry from the Registry’s office myself to prove all was registered correctly. Done.

And if you need extra guidance during the purchase often the notary itself will tell you what needs to be done next.

So now you know how to buy property in Ecuador skipping the intermediary lawyer most overpay when buying property in Ecuador.

And to get notified of all the latest property deals in Ecuador NO ONE else knows about, as soon as they become available, sign up for the weekly Ecuador Insider’s Newsletter below (you can unsubscribe at ANY time):

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This week President Correa mentioned that he’d like to propose a new bill that will help to strengthen the penalties against ‘land invaders’ -or people who invade and occupy someone elses land without legal rights- which should help protect the legal property rights of property owners.

And to get notified of all the latest property deals in Ecuador NO ONE else knows about, as soon as they become available, sign up for the weekly Ecuador Insider’s Newsletter below (you can unsubscribe at ANY time):

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This week President Correa mentioned that he’s going to propose a bill creating a “Secret Service” similar to that of the US which would be a special force dedicated to protecting government officials. Currently the police do that job in Ecuador.

And to get notified of all the latest property deals in Ecuador NO ONE else knows about, as soon as they become available, sign up for the weekly Ecuador Insider’s Newsletter below (you can unsubscribe at ANY time):

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I hear it all the time… “I’d love to move to Ecuador, but how would I make
money?”

This week one expat, Maria Glazman, made the local paper for her small
German-style bakery in the colonial heart of Cuenca (Maria’s Alemania) which generates $8000 a month in revenue. She brings her recipes from Germany.

In the same paper, on the next page, an Ecuadorian woman was highlighted for
the business she put in Quito based on what she learned in Italy selling dried fruit. According to the paper (Lideres), her small business generates $4000 a month in sales.

Truth is, Ecuador needs… everything! And Ecuadorians are big spenders who love to live it up and relish “new” things.

If you ever wanted to own your own business, Ecuador is THE place to do it.

Imagine the US but with much lower income taxes, property taxes and where you can pay your employees (legally) $300 a month.

Not to mention, imagine doing business in a place where business owners don’t worry about getting sued (because it rarely happens… only in extreme cases of negligence).

So ask yourself, “What do I know, and could bring to Ecuador?” And bring it!

Sign up below for the Ecuador Insider’s Newsletter and get notified of all the latest properties that come for sale BEFORE any else knows about them…(you can unsubscribe at any time):

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