Houses for Sale in Laborio Leon Nicaragua 🇳🇮
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- čas přidán 3. 10. 2022
- In a walk around Laborio today I pop in and take note of several houses that are currently on offer in the area. #nicaragua #walkingtour #leonnicaragua #leónnicaragua
27 September 2022
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Always great to watch your Vlogs.
I appreciate that!
Yes Scott I find this content very intresting please add more of it
I will. I need to do wanderings and make note of where things are to show and grab some.
Love colonial house Nicaragua is nice country ❤
Expansive cement to restore. Simply cewment loaded with iron filings. As it cures it rusts and expands. Just needs paint after.
Should als mention simply pour paint or pigment into the cement and you will never have to paint it..
Hell, if I were inclined to buy a house, I can buy 3 besdroom two baths for $800. Yes $800. But I have no interest in buying and much happier renting. And for anyone asking how or where to buy a house for $800 you are on your own,. I do not givwe adcice on such thingas and have absolutely no desire for additional income.
Thanks for another wonderful video! I'm definitely interested in seeing houses available and their prices. I actually think I'd be more interested in Granada, but seeing what's available at what price in Leon, gives me an idea of what might be available in Granada. For me, the big draw of Granada is the lake, as I enjoy kayaking. As always, I appreciate your walking tours and your discussion of living in Nicaragua!
Not much kayaking on Lake Nicaragua, but you could do it I guess. I do like the lake a lot. I just wish it had more of a breeze up on the north end. Granada is definitely more expensive than Leon, but less expensive than people would have you believe. It's a nice town, but I like the lifestyle in the other towns a bit more. Not many towns with kayaking, that is a gap for sure. Granada is especially nice from all of the restaurants.
@@ScottAlanMillerVlog Good to know. Thanks for your reply and the information.
Great content Scott. Loves the video. I’m looking forward to the walk through .
The ones I hated were the cars or vans at 6 AM on a Sunday selling Nacatamales.
Ugh, yeah, that drives one crazy.
Another great video. Good work!!
Glad you enjoyed it! Takes a lot of walking to do this :)
Biggest employer in Leon used to be a company making wiring harnesses for vehicles, mostly GM products
biggest one in Leon is a wiring harness maker today, but it is now for Chinese motor cycles.
Laborio is nice.
It's a great location within the city. Very close to all of the action. And a few destinations of its own.
I want to add my 2 cents: if you call directly from an international number, you'll almost always get ignored and instead recieve a response from a whatsApp message. Immediately the price just went up by two fold or maybe more. Properties that were overvalued during the "bubble" should be coming back down but if the owner knows it's a foreigner buying you will will hear something like "I'm selling for $120k but I'll negotiate down to $90k (real example)," and perhaps original asking prices was $75k even without an agent. I've seen people buy overvalued houses with no wall or finished construction and then have to haggle the original owner to commit to things originally promised. In Nicaragua, you can build a decent tiny home for as little as $1,500 but it's hard to do because of gringo pricing and scams. I have seen locals do it. I like to use a personal rule when evaluating how much I'd be willing to negotiate down a price: 20-30-40-. I'll ask for a 20% reduction if I really like the home because of construction, aesthetic, location, size and is not too overvalued. 30% if it needs some work, location is decent, size is a bit on the smaller side. 40% if either asking price is too high for location,size or home has nice location but needs lots of work and is on the smaller end. Whereas in California you usually work your way up, in Nicaragua one usually has to work your way down 👇. And especially now with many locals migrating north and selling literally everything there are deals to be had. Just a thought 🤷🏽♂️
Really good points and info. Yes for sure, so many people leaving that houses are empty at a rapid pace with no available buyers. That especially makes city homes available.
Repo homes at BAC there. I have seen $140,000 homes reduced to $35K. I have seen $2.5 million gas stations reduced to $200K but watch out on that. Most likely the tanks have to be replaced and that will be over $1M as they must be vtriple lined tanks.
Someone I know just got a BAC repo home for dirt cheap. That's a real thing!
@@ScottAlanMillerVlog Oh the difference between Pali and MegaPali in Nicaragua is the MegaPali will have an ATM. Maybe a few items of furniture, applicances and bicycles as well.
Great video! I can't wait to get there to look for long time rental. I have to find one with a pool for my autistic son that loves to play in the water. Looking forward for more videos that hopefully you can share some prices so we can get an idea?
Lots of pools here, but definitely not as many as you would expect. You might think that they would be just everywhere, but they really aren't.
I've toured one with a pool. Big place, like four big bedrooms and one small one / office. Enormous pool. Giant outdoor space. Pull through driveway. Videos of it will be up here in a few days and on Central American Living shortly. If you want details, hit me up on Instagram @ziffedtraveler
I almost took the place myself but we declined because we need more space and the area isn't where we want to be. But it's an AMAZING house. They want $1000, but I know they will take $700 (which is a steal.). I think the videos go up in like two days.
@@ScottAlanMillerVlog I can't wait to see the video!
very soon. i think it's on my editing list for tomorrow.
So many 'real estate' agents with different companies advertise the same house for sale. Different rates but it's the exact same house. How can so many different companies be representing the same seller... LOL (It's crazy!)
Because there is no "representation" under the current real estate law from how I understand it from a video I saw recently. The NEW law, that MIGHT take effect next year will address that. But as of today, someone representing a seller is just someone listing a house, not the exclusive rep of a house. So anyone can list it for anything that they want. And if you get more money, I'm told, that the seller asked for it, the agent actually gets to pocket that! So there is a massive financial incentive for buyers to find a way to talk to the seller directly to avoid getting hosed on the price; and a huge incentive for agents to list anything and everything because they get to make any money above the seller's actually price and not give any of it to the seller.
Was that I guy passed out on the sidewalk? 😮
Likely, that's common.
I notice prices have gone up big time within a year
What do you mean? We've seen no changes in prices. Where have you seen prices go up? We're still seeing them go down because there still is very little selling.
@@ScottAlanMillerVlog I’m interested in jinotepe and I noticed a sharp increase in home prices
@@ScottAlanMillerVlog i particular house i wanted was worth 41k 8 months ago, now is for 58k
@@XA1985 Are you sure? How do you determine "worth"? Have you tried to buy it? Did someone else buy it? I've not seen anything that would indicate an increase in worth in any region of the country. Everything is still falling as no economy has returned yet.
@@ScottAlanMillerVlog i have to go down there and see with my own eyes because I talk to real state agents who work those areas and they post videos all the time on CZcams and the prices are always changing
Thanks Scott! Always good to see and looking forward to the next batch. Excited for your future show.
As a gringo, with rudimentary Spanish speaking skills (working on that), what would be a good way to approach owners/sellers? Could I hire a local (interpreter) for the showing and obviously a lawyer to go over agreement? I'm going to rent first, but likely will need similar assistance. Any tips or referral to resources known would be grand.
I was grinning during your example of marketing and self deception...so true.
Yes, actually I'll talk about that on an upcoming episode. That's a perfect topic. I'm thinking it will be on the episode for Oct. 2nd. I was able to do it myself because I have long had a team here that I trust. Because this is so important, I'm putting together a service for this with locals. You've seen one of the girls that's going to be doing this in some of the videos, like Esteli, walking with me. She's already doing that for some people. not like an agent, she's just a local from Managua who can call and talk and get price details, house details, arrange a showing or whatever. For actual negotiations you want that handled by an attorney. But for just getting basic info, you just want a local that costs less than an attorney and can make calls, get information and arrange further needs. Just the simple stuff.
@@ScottAlanMillerVlog Perfecto! Todo muy util, muchas gracias.
Quick takeaway... I recommend being here and being patient, making friends here and having them help. For the large number of people who won't take my advice on that, I'm starting to offer a service for exactly that. Just simple stuff that doesn't involve anything like an agent, just someone making calls and getting info on places, maybe taking pictures.
@@ScottAlanMillerVlog Indeed. I only have 2 weeks on my first visit, so making friends that are willing and able to help may not happen that quickly. Finding a rental at a fairish price that is legit is what I would be looking for help with when I return soon after the visit. cheers
@@bpw3465 yeah, that makes sense. A rental is a different animal, if you pick a space that you don't like you can move in months, not have to sell a house to do it.
That kind of thing will make more sense to use something like the service with my girls that can call around and get info and pictures to share. There isn't much negotiation with a rental, so that's pretty easy. Just find places to consider and get prices.
Diff hat. How did you find these?
Yeah, my normal one hasn't returned from Managua yet. I should get it back on Friday. I've got four hats, but I should get some more. I will definitely get the olive green Gallo hat on any new trips to Guatemala. I regret already not getting it to match the orange one.
Wish there were some interior shots.
Did you see where I said that we managed to get that interior walkthrough of one in a couple days?
@@ScottAlanMillerVlog i just think you could trim things down quite a lot. Maybe I'm fatigued with CZcamsrs thinking we have all the time in the world. And of course there are a lot worse out there than you. At least you're in a unique area of the world.
@@swilhelm3180 you know, the walking up and down the streets is by request. The egos of some posters who don't even pay attention to what someone has been asked to do, you'd not believe the way people comment.
@@swilhelm3180 You are right, we should not act like tehre are only a few thousand of us. I'm the only one. Literally, the only English language youtube who shows Nicaragua without selling real estate. The ONLY one. Full stop. Check your stats. Before I moved here, there was one other, but they deleted their channel. Remotely, there is no means of finding street views that people want because there is no one doing it.
@@swilhelm3180 you may not know this, but there's a button on youTube that allows you to play the video faster. And another than allows you to move on to another video. If the content isn't for you, you aren't forced to watch it. You can choose to watch anything that you like. It's a free platform.
Had an encounter with an American Preacher yesterday. He was trying to find his daughter he had abandoned in the US 20 years ago, I was going to find her. But he got into a religious tirade. Why is it that these quackos don;t realizew that an Atheists like me is not going to believe their evidence from the Bible? Like Levitiicus 11, 13 to 19 where god says Bats are birds of Amomination? . Enough said on that alone. But if his daughter got along without him for 20 years, she sure doesn;t need him is her life now. He was persistant. I had to finally tell him if he didn;t shut up and leave me be, I would shut him up forceibly.
is this place still available for rent !!!!
which one? I'll check.
@@ScottAlanMillerVlog the first on the 2 corner looks awesome , if its not already sold or rent !!! gracias
If you see a house with a pool for rent let me know lol
I'll keep an eye out. Tough because no one advertises their pools.
I've got a lead on an amazing house with a pool. Video will be up really soon. El Calvario, not Laborio.
@@ScottAlanMillerVlog excellent!! Thanks
Someone could buy that worthless structure and just pitch a tent or build a small cabin in the courtyard. Gut the structure, paint the front and use it for storage.
I’ll give you the story. I’ve bought two properties just outside Granada on the waterfront, both through the same realtor. Got such a good deal all the locals couldn’t believe it.
We get it, it didn’t work for you. But your overgeneralization becomes suspect. It is not the same market as the US or Canada, it’s true. So folks should do some homework. However, like the US, you must always protect your interest in a deal. The number of US realtors I’ve had to fire is absurd.
You’ve mentioned it in your previous videos, but failed to in this video: make sure you have a lawyer that can confirm proper title. Both of the properties we purchased were acquired while we were in the US, it was done without seeing it in person and through the realtor. I’d pay for that over and over.
But I’m just so curious why you seem so angered about all of this? Is it something personal? Would love some background on this.
When you say the locals couldn't believe it, are these locals that have real estate experience and really know the market right now or are comparing to old days when there was a bubble? One of the challenges in the market is that the locals have essentially no insight as most never buy or sell in a lifetime, so they are often unaware of what things should or do cost. I'm not saying you can't have gotten a fair deal, what I'm saying is that knowing if you have gotten a good deal is extremely difficult. I've had lots of people say that they've gotten good deals, but when they disclose the numbers, it's far, far more than we'd normally think those properties are worth. "Good deal" is subjective and almost everyone evaluates their own deals in hindsight as being better than they actually are, it's a nature of human psychology.
In the US, if a realtor doesn't do their job, they are on the hook and you are protected. Yes, it's smart to cover your own butt, but you have a strong oversight set of laws that really make it easy to be protected.
Everyone I know that's worked with a realtor here has gotten shafted. Including me, many times. I learned over and over and over again from it. Not just bad deals or poor work but outright scams. And I've had realtors that people swear by then defend those people - showing that they too were willing to sacrifice their integrity to protect each other. However, lots and lots of people who used a realtor say that they got a great deal, until you dig into the details and realize that they should have paid far, far less. Some friends who were happy with their realtors for a year just fired them because they found out some of the ways that they weren't being honest with them. In time you tend to find out more, at first it almost always seems good.
I've even had realtors themselves tell me all exactly the same. People who left because they wanted to be good agents and found that there wasn't a way to do that in this market and have confirmed my concerns from the inside.
As a business consultant I see the exact same thing in business in the US all the time. CEOs hire "advisors" who are clearly paid sales people representing an interest other than the companies, and the CEOs buy their story hook, line and sinker and will swear to other CEOs that they got a good deal. Sometimes they believe it, sometimes (often) they know what they've done and how much they got screwed but are so embarrassed that they lie to cover it up. Had that this week. Because I work in IT and business consulting, I'm almost always brought in to uncover this stuff and the degree to which people say or think that they've gotten a good deal but only because they lacked the ability to evaluate it is crazy; and once they know how bad something is, the weird ways that they try to justify it or just ignore it is extreme.
What this means is that there is a huge confirmation bias that you have to work around to figure out what prices should be. You could talk to 20 or 30 people who've bought homes and all have them say "we got a good deal" and then when you compare to them your deal might seem good. But since everyone is affected by the same problem it just makes it seem like that's reasonable.
Another way that costs are hidden is in "ancillary" costs. The cost of a property is X but there is also a Y cost to get it. So people repeat the X cost separate from the whole and make it seem lower than it is. Same thing in business... I bought X software for $100, and it required Y software that cost $1,000. $100 is a great deal, right? (Sure, but is $1,100 a good deal?). I literally see this daily. Places that we see this... agent's fees done as a percentage of the price, recommended attorneys at higher than market fees, additional services that are unnecessary or inflated, etc. Lots of places to hide it and make the deal feel better than it might be.
I stand firmly by that I've never seen disclosed deals that people who know and do a lot of work here deem "good deals". Some are "not so bad" most are "OMG, what, that's so bad". But most importantly, the mechanism by which you have to work with an agent here makes any scenario adversarial by nature. It's attempting to shoehorn a US process into a non-US market where factors are totally different. It doesn't make logical sense, but it feels like what you are supposed to do because they market it so heavily as "how" to do it in the US. Keep in mind that both my wife and my best friend were US realtors, so I'm very aware of how it works there and why it works there and when it doesn't work there. And I've been watching this market for a long time and have partners who buy and sell here just like me. The amount that I see is more than with most, and I get more of an insider "evaluation" because I have people with experience around the country sharing information and evaluating. Not just individual deals, but also info about how agencies have not done a good job (or any job sometimes) in the past.
Is it personal? Sure, I've personally had several agents and agencies attempt to screw me and my partners (but none succeeded) and didn't get a good deal or even visibility to know what was happening with a deal, until I stopped using them and instantly the prices plummeted and the deals moved fast and everything was cheap and easy. It was the agents making it hard, expensive and slow. But it's also non-personal. I lay out the logic in the videos as to why it logically will be the way that it is. The market doesn't support the idea of a US-style agent because the factors are completely different and the US depends on things that don't exist here. I also continue to speak to people in many walks who are trying to do real estate here and literally everyone has identical stories. Confirmation bias? Perhaps. But when the anecdotes are plentiful and they match a logically determined, predictable behavior based on market pressures, it's a very safe evaluation.
In disclosing this stuff, I've also been threatened and I know many people that I've spoken to are scared of their agents. Actually scared. I know that they watch this channel and are always looking for ways to discredit and and pressuring people because I get unsolicited reports of it and warnings from people worried about me. So it's not something to paint as rosy and friendly. Trying to help people learn how to lower the cost overhead and navigate the market without paying a fee is... frowned upon at best.
Keep in mind that the absolute simplest factor is this: everyone in the country knows that if an agent approaches about a property that they can charge much higher prices. The moment they are aware that an agent is involved, no one is so naive as to continue negotiating at local prices. They would be foolish to. That's the issue with agents, everyone knows the agents are involved and therefore, the prices and pricing system is based around that higher cost "second Nicaragua" world instead of real Nicaragua prices. That's not the agents' faults at all, it's just an artefact of local Nicaraguans never using agents like that, so it's super obvious when a foreigner isn't trying to work the system like a local.
@@ScottAlanMillerVlog Perhaps Im way off, but sn't it also potentially true that some in real estate have a company so as to get residency in a place they wanted to be/retire anyway? They have to keep the company "open", I assume, in order to keep that investment-and visa- current.
I appreciate, and will follow your advice. Its logical.
Sorry, never saw this. If you own a real estate business and use that as your residency, yes, you might have to keep it running to keep the residency. That's potentially true, but I don't think it is likely. Because you don't need to keep investing, just need to have invested. Even if you lose it, that's normally fine.