Learn how to buy a property in Costa Rica listed by owner or by an agent, using cost-effective methods that fit the needs of the seller and meets buyers expectations.
How to find and buy a property located Costa Rica Property
Buying a property in Costa Rica, that is listed via a agent or one that is for sale by owner (FSBO), there are some things to consider when buying a property in Costa Rica.
Owners or agents can advertise their properties locally, or on "for sale websites", especially international property listing sites that provide selling options. By advertising locally, nationally, and internationally the owner or agent of the property or properties will increase their opportunities.
How to buy out a property located Costa Rica Property
These are very basic details on how to buy a property in Costa Rica, via an Estate Agent, an agent who specializes in overseas property, or if buying a property privately using for sale by owner.
It is always wise when looking to buy property in Costa Rica to do something on your own which is due diligence. Do your homework. Get the local Land Registry to verify the property's legal status. This includes checking that the property is free of debts, charges, or embargoes, and that the seller has the legal right to sell.
Find a property in Costa Rica that meets your needs. This can be done through locally based Estate Agents or the best place to start is only through a property listings portal.
Opening bank account in Costa Rica is key to setting up your fanancial status in Costa Rica and allows you to transfer money to cover the property purchase and to set up regular monthly payments if required.
A pre-contractual document is to be signed, something a lawyer can assist with, then wait for a cooling-off period, often 10-days. During this time, you can clear up any doubts with the local public notary or lawyer.
Finalize the sale with a notary or lawyer, and do any mortgage or loan paperwork as guided by the legal advisors you should be using.
In recapping you can use real estate agents or sell by yourself through a websites, but using a lawyer is a must.
The process of buying property can be complicated, and it's recommended to work with a reputable agent who understands the market and legal requirements.
Real estate agent - you can use a real estate agent or broker to help you find a buyer, negotiate, and get the best price for your property. Agents typically take a commission of 3% or more of the purchase price but negotiate is a must.
Marketing - you can use an international website, social media, and third-party listing portals to find your property.
You can work with a team of attorneys, accountants, and real estate agents during the purchase, or a mix of those professions depending on how you wish to buy your property.
Note this information is purely a guide to how to buy property in Costa Rica, and if Buying or renting in Costa Rica, we advise you to seek professional help as relates to your specific needs.
Popular areas of the Costa Rica with International Buyers:
