Rumours flying about regarding first time visitors walking into a real estate agents office, and a week later leaving Dominical having bought land to build some cabins for rental income. Any market research done by this buyer? sweet talked perhaps?
Before anyone buys real estate for commercial purposes do the research and the financials. To set up a tourism business, seek advice from hospitality professionals. A small investment on consulting fee at this stage could save you your life’s savings. Looking at all the foreclosures in the country, and dreamers building so called luxury eco lodges or what ever along the coast. Commercial buyers beware of the pitfalls or face the consequences. Do not expect to get balanced advice from real estate agents either!
Tags: dominical real estate
