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An expat in Ecuador offers advice to other expats buying property in Ecuador -- from finding a local lawyer to renting before buying to the best places to buy property in Ecuador.
Usually you'll tend to see a proximity to the large cities and the major airports such as Guayaquil, Manta and Quito.
Yes, there is a MLS Service in Ecuador. Although it may show 50% of what is available. Some houses will just have a sign in the window. Just remember that a broker may know about half of what is out there and you'll need locals and natives for the other 50%.
$100-$150k inland for a house. Coastal areas can be similar depending upon the proximity to a large population. Plan on another $50k for coastal area's and be prepared for the pockets of expensive homes.
Try staying in an equivalent type structure you are considering. For example, if you want a condo in Bahia, stay at a condo in Bahia for a week, Minimum. A house in Cuenca? Rent one for a week.
If you think the weekly rental price is too expensive, you'd better take a hard look at investing 75 to 100 times more than that. So, in actually, it pays to do it.
Of course. A local firm only. They can be the only person on your side and even that is not the case in all situations.
Usually in the neighborhood of 2-3%.
No.
For more information on where to live, read 10 Best Places to Live in Ecuador.
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