This protects your interests and finances for the future, and makes sure there are no overlooked details, like whether the appliances were included in the sale. It was practical. We will determine if the information is correct and what is needed when buying Costa Rica Property. Closing fees can be expensive, but, in Costa Rica, the buyer pays half and the seller pays the other half. Required fields are marked *, ×  Find Property for sale in Costa Rica. Never make an offer to purchase a home with no contingencies. And each mile of it has it's own particular charm and character. Your email address will not be published. You don't want to purchase the largest, the most expensive, or the least protected home on the block. It's fine to make a verbal agreement with the seller, but be sure that all terms are defined in a signed contract. Your perfect Costa Rica real estate investment likely has a pool. Private persons can acquire property in the Restricted Zone by applying to the Municipality, but in the Restricted Zone, leases cannot be granted to foreigners with less than 5 years of residency in Costa Rica. We often see that a local client is looking at homes but is not ready to buy a house. Within this guide, you’re going to find tips for buying property in Costa Rica. Some investors or retirees may find that building from scratch is more suited to their specific needs. For more info, see our guide to buying real estate in Costa Rica. When a home has been listed many months, is expensive for the area, or the seller is anxious, you may be able to whittle 10-30% off the listing price. However, the goal of these seminars is to sell you property, and therefore they present you with only the best of Costa Rica. You have the same property ownership rights as Costa Ricans except for beachfront property. Hiring a real estate broker in Costa Rica might be a little challenging. Costa Rica is much more than other second-home beach locations, in so many ways: bigger waterfalls, more beaches, and many micro-climates to choose from. All Rights Reserved. Read up on our top home buying tips to avoid common pitfalls and ensure that your home search and purchase go smoothly. Compared to what Norteamericanos are used to regarding buying residential real estate back home, the “system” in Costa Rica feels like the Wild, Wild West.You are much more on your own with regard to researching property, calculating a fair price and ensuring the property has clear title. Research The Neighborhoods. Among the many benefits of buying property in Costa Rica is that, unlike most countries around the world, foreign investors are given exactly the same rights as locals. Today we are talking to the toe-dippers, but perhaps you cannon-ballers should tune in too. Make sure you’ve got a someone looking out for you who knows what you want because you told him, and he listened. It can be just as safe buying a property in Spain as it can in your home country providing that you use an independent lawyer to help you through the process (not one provided by the builder or property agent). Coldwell Banker Real Estate LLC fully supports the priciples of the Fair Housing Act and the Equal Opportunity Act. Find your future dream home on the beach or an ocean view property in Costa Rica on the only legitimate MLS in the country. Avoid these common home-buying mistakes when purchasing real estate in Costa Rica. (In case you didn’t know, we’re toe-dippers too.). Your agent should not only be connected with the right professionals to get the job done, the right way, he should feel like your friend. See houses, villas and apartments from the leading agents in Costa Rica on a map. After you've identified your ideal community, rent for at least six months to a year. A wide range of international property to buy in Costa Rica with Primelocation. 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