Buying property in Nicaragua

Here is the short list

back in the early 80's the sandanistas took (confiscated) about 26,000 parcels from people loyal to the previous administration.

Be sure to get a title seach to track back and ensure the property you are looking at was not one of those and if was see if any claims from the previous owners have been filed with govt.

Make sure allparties with a legal intrest in your property have agreed to sell. Many inherited properties may have multiple legal owners with just one party trying to sell the whole property.

Many pacific coast developments have a blanket title policy offered by the developer you should still do your own due diligence.

You as a non nicaraguan have the right to hold title just like any nicaraguan citizen.

Buying a finca is different and requires a little more legal help then buying a piece from a reputable developer.

Know who your dealing with and make sure they do not have a conflict of intrest in the transaction.

There is no reason you can not find a good deal in nicaragua just make sure you do your home work and have your documents translated to english prior to execution and understand them.

Some of the costal property is concession property and I would steer clear of these as you will not get title with your purchase. This however is your choice

Moteverde

Hi Moteverde!

Thanks for your help

Armand

Anyone can purchase Property in Nicaragua with legal tender ( do not come with bags of cash)
The process is fairly easy, you mostly want to check the title and do a physical survey for land and inspect if you are buying a place in the City.

[Moderated]

Its not as straight forward as in the United States. You will have to hire an attorney there to make sure you have all of your paper work in order.  There are several horror stories from people out there who never looked into getting the proper paper work together.  You will need to make sure that the title or deed is the original and is current and up to date. The taxes can accumulate on a property if they were not paid and this is the same in the United States.  Best bet would be to check with a current expat that just purchased one in the last year.  Things to consider would be concrete as opposed to adobe.  The banks will no longer lend money to a person seeking a house made out of adobe or clay.  The house needs to be supported by concrete in order to take a loan out against it or for it.  Keep this in mind when you are thinking about earthquakes. 

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