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The truth is the fact that Limited Editions Real Estate rejects for vast majority of properties offered to the agency for sale for a wide variety of reasons. When a client, for example, makes a purchase offer on a particular property, we first go to the National Registry or “Registro Nacional” to get a certified copy of the deed and survey. If everything checks out ok, then the information is given out to the buyer’s attorney to do his/her own discovery on the property. This has the effect of minimizing legal costs while at the same time giving additional scrutiny to the property. By the way, there is no licensing of real estate agents in Costa Rica and it is common practice that anyone including taxi cab drivers sell real estate. The caveat here is “buyer beware”.

We are very serious about our business and would hope that our customers would be equally serious. We tire of the client who is making decisions about Costa Rica Real Estate from the United States and Canada after having read a guide book or an English speaking newspaper or the internet. One major English speaking newspaper carried a headline last year stating that the Costa Ricans were opposed to U.S. Coast Guard boats and warships being in their ports. A lot of fuss over nothing. The final vote was 48 to 1 in favor and the one negative vote was by a Costa Rican Congressman or “diputado” who the locals think is crazy. We get many requests for information that we feel that we consider unreasonable. For example, those interested in a particular hotel property might ask for 5 years of audited statements of the financial records for that hotel. First of all, no one would give out such information in the U.S. or Canada to a complete stranger; one the agency has never met. Second, many of our commercial property owners including hotels have requested that we not give out such information for fear of losing key employees should they become aware that the property was being offered for sale.

In evaluating hotels, for example, just like in the United States that hotel needs to pass the litmus test. Not only is the key information extracted from the owners but also from the employees of that hotel. Often the employees are not even aware that we are making critical judgments about that property. We will ask the maid how many rooms she clean last night or the desk attendant how many rooms he/she rented last night. The evaluation of that property is continual and may stretch over several years. Each month or so, we stop in to see the property and make casual but concise evaluations. This information is then placed in our extensive data base and compared with other hotels in the same area along with others in other areas in both the high and low season. We then determine probable sale price by the net income that the property produces. Gross income is somewhat easy to estimate but expenses and expense ratios take a real professional to evaluate.

Unfortunately, up to 95% of the inquiries that we receive are from customers who are merely fantasizing and surfing the web. We attempt to treat all inquiries as serious inquiries. Your own litmus test of us should at least include how fast we respond to your inquiry. That will immediately separate us from the rest. To distinguish yourself as a serious customer we ask that you INDICATE THE ARRIVAL DATE IN COSTA RICA AND SET UP AN APPOINTMENT at least two weeks in advance. In that way we can devote the time and attention that the serious customer deserves.

But we are much more than just a one dimensional real estate Company. Below is a short summary of other businesses of ours.