Nicaragua Expat Forum

buzz276
Joined 2016
Posts: 15

7 years ago

Land purchase advice

7 years ago

Hi all, my wife and I are in negotiations to buy some land in the Granada area. This is being dealt with for us by a local agent. The agent is talking to the landowner who initially requested the 10% deposit be paid directly to him as he did not trust us. Of course we said no way. The agents have come back to us and suggested that to complete the sale we could skip the promise of sale and head straight to closing. We just pay over the full amount once everything is lined up and 100% approved and ready at time of signature the full amount will be sent to the agent who will disperse to the seller. My worry is as we are not there but have given PoA to a trusted friend will this be secure and what about all the legal fees, searches etc that we have to pay out first could this be for nothing if the owner walks away, this may all just be empty fears but I would like the forums opinion anyway to put our minds at rest. Thank you.

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