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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Aug 302015
 
Buy a Property With Seller Financing

It is a common question: “I’d like to buy a property in Costa Rica. What kind of financing is available?” To be a foreigner in Costa Rica and look for a bank loan is like falling down the rabbit hole. The dizzying maze of requirements and documentation and “go visit that guy” and “you need to talk to the other department” and “you need these

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Mar 142015
 
Water Issues are the Hot Topic in Costa Rica Real Estate

I met with a water engineer the other day at a property that I have newly listed. From that encounter, I now know more about this elusive & mysterious new law – well its not so much a new law as a new application of an existing law. They (you know, the “they” that put men on the moon and developed collapsing grocery bags) have

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Feb 042014
 
Sell a Property in Costa Rica

Once pleasantries are exchanged, we get to the core issue: “We’d like to sell our property and we’d like for you to give it a look”. If I don’t know the property, here are points I’d like to know: Where is the house? Is there a view? What size is the house? What size is the property? When was it built? How many bedrooms/baths? Is

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May 292012
 
Escrow in Costa Rica Real Estate

About a year ago, my business partner Ben, with his unique perspective on Costa Rica real estate, wrote about the changes with “escrow accounts” in his blog article- Wire Transfers, Escrow & An Investment Idea. He explained, For years we have used a rather casual system here in Costa Rica by which lots of land was bought & sold. Buyers generally put 10% of the

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May 202012
 
Getting Health Insurance in Costa Rica

I am 53 years old and have just gone through the process of applying for private health insurance. There are two types of health care in Costa Rica. One is socialized medicine. All residents of Costa Rica are required to pay into what is called “caja” (KAH-hah) insurance. This runs me about $25 per month. This is the government subsidized health insurance in Costa Rica.

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Apr 242012
 
How To Buy... And End Up Happy

We had an inquiry recently that concluded in a remarkable way. This gentleman said, “I will accept defective land due to lack of funds. (I was ripped off 5 times!).” I had to ask myself, how does one experience being “ripped off 5 times” in a country where the process of buying land it quite simple? The answer I came up with is… he didn’t

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Jul 242011
 
Wire Transfers, Escrow and an Investment Idea

When you buy a piece of property in Costa Rica, you will likely wire money from your home country bank to a Costa Rica escrow service. This can be quick and easy, or it can be a major pain in the neck. Life used to be so easy before terrorism… and drug running… and global economic crisis… and climate change and… Funny thing, we used

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Jun 282011
 
Real Estate Guy's Super Powers

A typical conversation in a-day-in-the-life of a Costa Rica real estate agent. Visitor – Hey Ben, howzit going? Ben – Good man. How’r you? Visitor – Good. How are things in The Zone? Ben thinking to himself – (Translation: Are properties selling? Are prices going up? What is this season like? What is the coming season going to be like? How much is my property worth? What is

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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.