Aug 032018
 
Water - What's All The Fuss?

One thing you get used to, living in Costa Rica, is that there is really nothing constant but change. There have been some rather profound changes here as of late, not in laws, but in the application of existing laws regarding water. The current catch is that, if you buy a piece of raw land, this is to say a property that has no house

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May 172018
 
Understanding Costa Rica Real Estate Part 4

This article can serve as a stand-alone read, but if you’d like to read the preceding, sequential articles in this series, please click for: Part 1, Part 2 and Part 3. The scope of these articles starts roughly in the 1970’s up to the present. The idea here is that we are living in, working in, visiting or whatever – a foreign land. In this

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Apr 162018
 
Sales Process Overview: Part 4

This is part 4 of a 4 part series. Click for: Part 1 || Part 2 || Part 3 Due Diligence The term for due diligence is normally 3 weeks, and closing is usually in 4. Due diligence starts when the deposit is made, which follows the the written Offer to Purchase having been signed by buyer and seller. This document will have the contingency

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Apr 132018
 
Understanding Costa Rica Real Estate Part 3

After venturing through the early days of real estate in Costa Rica, this is to say, the beginnings of what led up to the current market conditions in parts 1 & 2, we now embark on the boom before the crash. Let’s say that a couple acquires their home by the usual means; scraping for the down payment and then struggling to make the payments.

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Feb 212018
 
Nuts and Bolts of Buying a Property For Vacation Rentals

Below is a copy and paste from an e-mail inquiry regarding buying a property for the purpose of investment initially. It needs to be an existing rental property that the buyers intend to move to and live in at a future time. They need for the property to, at the very least, cover its expenses during the time they own it prior to moving to

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Jan 182018
 
Market Status - January 2018

Blue Zone did 24 sales in November and 16 in December, nicely closing out the 2017 year and calling to mind the feel of the market in the heady market years of 2004 – 2007. Back then the main concern of property buyers was finding an available and attentive real estate agent. The main topic for conversation amidst the real estate agents was: “do you

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Dec 132017
 
Understanding Real Estate in Costa Rica's Southern Pacific Zone Part 2

In Part 1 we considered the early foreign investors in real estate here in Costa Rica’s southern Pacific zone.  The idea being that in so doing, we’ll have have a better understanding of the real estate market here. We continue now with Bob (early visionary investor) as he proceeds to segregate and sell his large parcel (finca). Bob’s vision for what is to come is

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Oct 152017
 
Understanding Real Estate in Costa Rica's Southern Pacific Zone Part 1

I’d say that about 1/10th of my time spent with people looking to buy property in Costa Rica’s Southern Pacific zone is spent in the actual buying/selling of property. The other 9/10ths is a mix of conversations regarding what’s involved with living here, as well as discussing the business of real estate in Costa Rica. At its core, the lack of an actual MLS (Multiple

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Mar 102017
 
Uvita Costa Rica is Growing

We are in high season here in the southern pacific zone. The months of November through April are typically when there are more tourists here than during the rainy months. There is another type of “high season” happening right now as well. This has more to do with world conditions. I know, those from the States are going to think that Mr. Trump is pushing

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Interested in Costa Rica real estate as an investment. They primarily live somewhere else, but they own property in Costa Rica for the asset appreciation potential as well as possible rental income. Some just buy and hold (land-bank). For developed properties, the investor has a vacation home to visit as desired.

Migrators spend a regular amount of time in Costa Rica during each year.

Re-locators are those that are looking to move to Costa Rica from wherever they are. They will live full-time in Costa Rica.