Here are the 2 most common mistakes which can lead to many things going wrong in a sale on Roatan.
1) Not getting a realistic price. In your Roatan real estate sale or investment you want to know if you are getting a fair deal. It is very common on the island for buyers and sellers not asking his or her representative to do a CMA or comparable market analysis. If your real estate specialist is part of the Roatan Realtor Association he/she will have access to the Rotan MLS (Multiple Listing Service) of all the properties sold recently or in previous years. They can compare the property to other properties with similarities such as the size of land, square feet in a home or condo, quality of construction, the area/ location and whether it is a beach front or ocean view. Without doing a CMA you may pay too much for your investment or will not sell your property in a timely manner.
2) Following Island time. Remember here is not there! The island moves at an unrushed pace. People love the word ´´mañana´´ (tomorrow). In order to get some things done here you want to make sure you hire a Broker and Agent who will be on top of things.
Buying real estate on Roatan is fairly simple IF you have a specialist real estate agent who knows all of the bumps.You need a Realtor who can take you through the entire process: from assisting you in finding your piece of Roatan to negotiating a final purchase price and to generating your title documents through a highly qualified attorney.
Information deemed reliable but not guaranteed.