“Good news,” said a property owning expat in Guanacaste. “It’s been a while since I have seen or heard from the Flippers”. The Flippers are people who do not have any money, but they want to tie up your property while they try to sell it. He continued on to say, “It must be a sign that the economy is picking up, so it’s great to have them back.”
This may be another good sign the real estate market is turning around. However, there were so many crumbums with unlimited tricks up their sleeves during the property boom; it would be prudent for sellers to watch out now. They could be lingering around, waiting for new prey as the market improves. Almost everyone has heard of “caveat emptor,” Latin for “let the buyer beware.” But, how about, “Caveat venditor”? The phrase is also Latin, meaning, “let the seller beware.”
Do not fall for the old caper that goes like this when trying to sell your property to an unknown buyer: “Can you give me a First Right of Refusal Letter? You can still try to sell your property. But, before you collect any money or sign an option, you must give me the first right of refusal.”
