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Tips for Buying a Condo in Ecuador

LiveTheLifeinEcuador  | October 29, 2015

Even if Ecuador’s real estate prices have slightly increased due to the country’s growing economy in recent years, buyers can still find a great selection of affordable condominiums in many of its cities.

If you’re thinking about purchasing a condo in Ecuador and don’t exactly know where to start, here are a few great tips:

Get to know the area first

Condo for sale in Palermo Building in Cuenca, Ecuador

Condo for sale in Palermo Building, in Cuenca, Ecuador

Before you even think about floor plans, features, or what sort of amenities you’d like to have, you need to find out what type of area you’d like to live in.

One of the best characteristics of Ecuador is its very diverse landscape. You need to do a bit of research about its many different areas. Do you prefer living in a big city like Cuenca, or somewhere located a short trip away from the beaches of the South Pacific Coast?

Hire a real estate professional

Once you’ve identified the perfect area, you need someone who can help you find and purchase the ideal condo. Hiring a reliable real estate professional lessens your chances of encountering potential pitfalls that usually come with purchasing overseas property.

We at LIVETHELIFE can assist you in your search for the perfect condo in Ecuador.

Know the difference

Your idea of a condo might turn out to be very different from what you actually find in Ecuador. For example, most Ecuadorian condos have drawers, shelves, and cabinets instead of closets – which is fine, but it could be a problem if you own a lot of dresses or coats.

Organize paying arrangements in advance

After finding a condo that meets all your requirements, the next step is to figure out how you’re going to pay for it. Get in touch with your bank in order to find out whether they can provide arrangements in advance for making international wire transfers from overseas.