Ecuador Buyer’s Rights

by | May 6, 2021 | Archives

This week Dr. Andres Cordova shares details about Ecuador buyer’s rights.

andres cordova

Dr. Andres Cordova

DO YOU KNOW THESE ECUADOR REAL ESTATE BUYER’S RIGHTS?

Ecuador real estate holds great opportunities as we go through a sustained buyers-market. Those who have Ecuador in their cross hairs as aspiring expats and or real estate buyers will do well to check out the great offers at hand.

I receive many inquiries regarding Ecuador properties and am always on the lookout for prime ones.

ecuador

If you want information on this beach house for sale please send me a note.

I am revisiting an article posted some time ago regarding property buyer’s rights. As interest in Ecuador real estate remains strong, this is timely.

Buying real estate is one of the momentous decisions in most people’s lives. Unless very well off, real estate buyers are likely tapping into their savings or becoming indebted in one way or another to acquire property.

Either way, knowing your rights when buying property is essential. In Ecuador property buyers have several rights that while not always expressed in the contracts are applicable across the board and must be understood by buyers so they may exercise their rights in a timely and effective way as may be warranted.

Ecuador legal principles and provision state that all laws pertinent to a given area of transaction are automatically incorporated into such transaction regardless if they are specified in the respective contract or not.

This is the case with two most fundamental protections for real estate buyers that stem from our Civil Code, which is the backbone of our legal system.

These protections are the right to undisturbed legal possession and to be compensated for hidden defects.

While these rights are fundamental across several legal systems, understanding their application in Ecuador is important.

In the first case, regarding the undisturbed ownership of the property, should the new owner be deprived of the property via a legal case for a situation stemming from before the sale, the seller has the obligation to compensate the buyer and especially so if the seller was aware of such proceedings or possibility and failed to notify the buyer.

The right to undisturbed legal possession commits the seller to reimburse the price, the closing costs, all legal collection costs (if any) and the appreciation of the property from the closing until the time of reimbursement.

So this compensation is not for the paid price only. It goes well beyond this. These cases are uncommon at best. Usually any lawful claim against a property needs to be recorded in the respective real estate registry and it will show before any closing takes place. Most potential issues will show when the respective documents are reviewed prior to the issuance of the deed and delivery of the price.

The compensation for hidden defects is broader and basically entails those defects that are important enough that should they have been made known to the buyer before the purchase, he/she could have well decided not to buy or requested a sensible reduction in the price.

It is important that these defects be hidden. This is, that they are not readily visible and evident to any prospective buyer during a tour of the property or that the buyer is not qualified to assess them during a more profound inspection.

Usually the asking and closing price of a property reflects its condition and there are no grounds for compensation if, say, a wall’s paint is peeling off; something that is evident at first sight.

Now, contractual relationships require a minimum of loyalty and, hence, disclosure by sellers is important, especially with regards to elements that can have important bearing on the decision to buy or not. Sellers are often hesitant to disclose issues that may get a prospective buyer to back off.

Depending on the magnitude of the hidden defect, the buyer has the option to seek compensation from the seller or to outright rescind the contract and claim the reimbursement of the funds.

In some cases, where it can be proven that the seller knew of a grave defect beforehand and failed to disclose this to the buyer, the seller can be liable for damages. This is important to consider.

Please note that the seller will not likely have to compensate a buyer for elements that can be deemed evident and that could easily be assessed in a simple inspection.

For most of these claims there is a statute of limitations that go from a year to eighteen months from the effective taking of possession date, this is why it is important to know your rights and that you have to move to enforce them within a certain time.

In special cases, the buyer and seller can stipulate a longer period, subsequent inspections and more. This can be the case for some complex negotiations.

All closings in Ecuador will automatically include these and other rights, unless expressly renounced by the parties.

Let us know if you have any questions regarding the purchase of real estate in Ecuador.

Kind regards,

Andrés Córdova

SPANISH WORDS

View – Vista
Pool – Piscina
Rights – Derechos
Buyer – Comprador
Compensation – Compensación

Why You Can Learn Spanish in Three Days

You can learn Spanish in a day, or a week, month or any time frame that works for you.

I’m Gary Scott.  Over fifty years ago I started a business that has helped hundreds of thousands of subscribers learn about investing in Hong Kong (1960s and 1970s), Switzerland, London, Isle of Man (1970s and 1980s) and across Europe. My wife Merri and I took thousands on investing tours to these countries.

In the 1990s we began taking investors to Panama, Mexico, the Dominican Republic and Ecuador.  That’s when we realized an incredible need for an easy, super fast way to learn Spanish.  Our delegates were business people with hard schedules and tight deadlines.  They did not have months, or even weeks to learn a second language.

Plus, even though these delegates were successful international business people, most did not have degrees in grammar.  When it came to sentence structure, punctuation rules, parts of speech, morphology and especially derivation of verbs, they were at a loss. They wanted good basic ways to communicate in Spanish that worked and sounded eloquent, right now, without having to become educated in grammar.

Fortunately there is a scientific method of learning (called Super Learning) that was created and refined by a Soviet educational master, Georgi Lozanov.   Lozanov transformed the entire Soviet Union’s educational system to such a degree that this third world nation beat the USA into space.

My wife Merri was lucky to be one of a handful of students outside the Soviet Union who were taught this system by Lozanov himself in the early 1970s.  She practiced this unique and remarkable form of education for decades so we used it to create a Super Spanish course that has helped thousands of subscribers learn Spanish in three days and less.

This course is now available online.

spanish

Merri teaching a Super Spanish course in Florida.

Does it sound impossible to learn Spanish in three days?  Yes, it is impossible when you try to learn Spanish in the old, traditional way, but the scientific Super Learning method of learning… proven and described in numerous best selling books creates educational jumps by making education natural, easy and fun.   This course works because it is education without stress!

How The Course Works

The first tactic is to use Baroque music to create Relaxed Concentration in the learning process.  At least three best selling books, “Superlearning”, the “Mozart Effect” and “Superlearning 2000” have revealed insights about how to learn and think more powerfully based on systems drawn from the Soviet educational master, Dr. Georgi Lozanov.

You gain six valuable ONLINE Baroque Relaxed Concentration Sessions in the online course that is delivered via the internet.

The second tactic uses 17 unique lessons to provide Spanish fluency in a short time.   Let me prove to you how this tactic works by teaching you hundreds of Spanish words in less than 30 seconds.

Here is the proof.

“Most words in English that end in ION are almost identical, just pronounced differently. 

For example action is accion.

Education-educacion.

Manipulation- manipulacion, etc.”

There you have it.  How long did it take you to read these four sentences? 

Ask yourself.  “How many words do you know that end in ION”.

You now know all these Spanish words that you will never forget.

How long would it have taken you to memorize all those words?  How soon would you have forgotten them?

The next lesson teaches how to pronounce each of the nouns.

The third lesson teaches almost as many verbs, almost as quickly.

The fourth lesson shows how to avoid conjugating verbs by sticking with the infinitive (far easier than it sounds).  This simple lesson leaves a person sounding like a Spanish professor without ever conjugating a verb.

Lesson five shows how to sound infinitely polite and yet get almost anything desired in Spanish.

Lesson six gives valuable connectors and the seventh lesson triples the Spanish capacity with three words for “yesterday,” “now” and “tomorrow”.

In an incredibly short time you feel comfortable speaking Spanish.

Plus the system is Impro-Dynamic.  This means your Spanish keeps getting better even though you do not seem to be studying… practicing… or speaking Spanish.

I was amazed by this as I traveled back and forth from the USA to Ecuador.  The longer I was away from Ecuador… the better my Spanish became.  My second language was automatically improving.  The self improving feature comes because you learn to create Spanish sentences rather than remember them.

The portion of the brain that creates is more powerful than the portion that recalls.  When your mind creates something… it owns it!  You do not have to remember .

During the course you learn 4005 Spanish words that you already know.   This eliminates the need to memorize 99% of Spanish words.

You then learn how to create Spanish sentences from these words.

Throughout the course you learn how to pronounce the sentences you create.

When the course ends… the mind keeps working… and creating… so next time you begin to speak Spanish you’ll be surprised .  You improve even though you have not actively worked on your lingual skill.

Due to the difficulty of getting groups together to learn this valuable technique, we created an online program for subscribers to use the Super Spanish course at home.   The normal three day in person course fee is $499 ($749 for a couple).

The ONLINE course is available at the highly reduced price of $149, but in this special offer we are knocking another $70 from the price so you can start now for only $79.  

The ONLINE course has our, full satisfaction or money back, guarantee.  Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund.

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.

Here are some testimonials from the course.

Here are a few quotes from delegates of the course.

One delegate from St. Louis wrote:  Hi Gary,  Just ended forty-five years in dentistry last week, and I’m on to a new career.  What is my new career?  Still formulating, but the eye -opening,mind expanding Super-Spanish course last weekend in St. Louis surely shows me the opportunity exists to expand my horizons.

Besides having a lot of nice people to learn our new language; the methods Merri and you developed proved to be just what you said they would be.  We all and I in particular relaxed our way to new learning.  I feel so very comfortable with the basis of my new language skills that I know I will be spitting out great Spanish sentences by the time I reach Ecuador in October.  Last year I spent six weeks in Ecuador and now I plan on conversing with the people.

Today’s excerpt of your newsletter really hit home. You do what you say you will. There are no surprises or hidden sales tricks. The only tricks are beneficial to our learning.  Thank you for a wonderful experience that I was quite unable to grasp how you would pull it off.  You did, however, and I look forward to other courses that you offer, and I have absolutely no doubt they also will work beneficially.  Best regards, Denis Molloy.

Another wrote about the Super Spanish course:   Buenos Dias, here is a testimonial for Super Thinking-Super Spanish.  Please feel free to use all or part in promotions for the course.  In addition, you may give my email address to any prospect “on the fence” about enrolling.  Yesterday, in Cotacachi, Ecuador, I finished Super Spanish.  I had high expectations for the course and they were exceeded.

After three days, I can speak Spanish in complete sentences. In simple conversations, such as buying groceries or ordering a meal, I can make myself understood. I think that’s incredible!

Although I am far from the competence level of a native speaker, I feel I’ve taken a giant step forward in learning Spanish so that I can experience the people and culture of Ecuador.  The foregoing benefits would have more than justified the time and money I invested in Super Spanish.  And learning some Spanish was not the most important benefit I got from the course.

Prior to leaving the USA, I had felt for some time that the pace of life there was unhealthy for me (and for most people) and I did nothing about it.

I’ve thought about the pace issue during the course.  One of the key elements Merri Scott designed into Super Spanish is placing the student in the optimal state for learning.  In class, the past three days, I’ve been re-introduced to guided journeys and introduced to the calming effects of Baroque music (www.sundaybaroque.org).  What a blessing! I’m inclined to make one or both a daily part of my life.   Rob Christi.  Cotacachi, Ecuador

Another attendee from a course wrote:   “I took this incredible class a few weeks ago, and I would like to tell anyone that is interested, that it is an amazing three days of learning with lots of laughs included. You leave everyday wanting to learn more and are so excited to do so.

“Other Spanish classes and tutoring made us feel like it would take forever to get to the point where we could put it into practice, but this method gave us a more fluent use for everyday life almost immediately AND the confidence to use it.  It is a fantastic way to show people how much they know and give confidence to learn and use Spanish creating a momentum.

“They made learning Spanish easy and fun in a very relaxed, comfortable atmosphere.  I would definitely recommend this course.  Even if you know some Spanish, this helps make it easier because of the less stress that no verb conjugations gives you.  This gives you more confidence in yourself to try and speak it more.

“I liked how simply the course was organized and the positive attitude about learning.  Thank you so much for helping me to learn Spanish!” Nadine Taylor

The ONLINE Super Spanish course has our, full satisfaction or money back, guarantee. Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund. 

The course is available at the highly reduced price of $149, but in this special offer we are knocking another $70 from the price so you can start now for only $79.  

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.

Still not sure?

Take just ten minutes to let me prove to you that this super fast way to gain the basics can let you can communicate in Spanish in an incredibly short time.

Gary

Gary-scott-super-spanish

Click here for FREE Super Spanish video.

The ONLINE Super Spanish course has our, full satisfaction or money back, guarantee. Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund. 

The course is available at the highly reduced price of $149, but in this special offer we are knocking another $70 from the price so you can start now for only $79.  

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.