Realtor or no Realtor when buying a property in Guatemala?
"An ongoing question I often hear is whether to use a realtor for a real estate transaction in Guatemala's Lake Atitlàn real estate market. So, should I use a realtor or not? When you find a property or house to buy in Guatemala and decide to move forward, you will need to use a notary to write the sales contract. That's something you can't avoid. But what about using a realtor? They are professionals registered with legal authority to assist buyers and sellers. However, in Guatemala, the real estate activity is not as regulated as it is in the USA. We do have to be licensed by the Ministry of Economy, but there is not much enforcement against those who are not licensed. Here are some potential risks associated with not having a realtor during the closing process: Incomplete or Inaccurate Documentation: Closing on a property involves a lot of paperwork, like contracts, title deeds, and legal documents. Without a realtor, it can be challenging to obtain and review