How to Buy Property in Nicaragua
- 1). Submit a formal offer. This offer outlines your purchase bid, the date by which you would like to complete the transaction and any extra conditions for the sale.
- 2). Pay a deposit to the current owner. The deposit amount is an agreed upon percentage of the purchase price outlined in the formal offer.
- 3). Acquire funding for the purchase. As finance sources within Nicaragua are scarce, funding is easier to acquire in your native country.
- 4). Pay taxes and fee before transfer of the property. Expect this number to range between 7 percent and 12 percent of the purchase price, including real estate agent commissions.
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