by Barry Oliver
Buying property in Nicaragua does not have to be difficult, stressful or risky. However, you need to do your homework and follow some simple rules and steps. If you skip one step or bend one rule then the process becomes risky. And this is why you so often hear the bitter stories from angry foreign investors and local property Sellers. The process of buying property in Nicaragua is unique, you must learn patience.
What follows is the common mistake. Bobby and Jenny stumble on their dream land in Nicaragua; ocean view, several acres, inexpensive and near their favorite surf spot. The owner says he has two other offers so if they really want it they will have to give him a 10% deposit; which they do immediately. Now the seller has taken control of the process. He demands the remainder of the money within 30 days. So, Bobby and Jenny quickly go out and find a lawyer. The lawyer finds that the Historia Registral (Property History) is not correct and recommends they not buy the property.
