How should you buy real estate in Costa Rica?
The thought of real estate in Costa Rica is exciting! Whether you are planning retirement or to try and run a business it is definitely worth the extra time to know where you are buying and to do all the proper investigation before you make that big step to buy!
Just recently Josefina and her husband Edwin were coming to Costa Rica from Paris France to buy real estate and retire here. They looked at many different lots with one of the local realtors but in the end bought their dream property directly from the owner. Now the owner, who was very cordial and nice told them they did not need a realtor to buy his property. In the end, the couple thought they were saving a substantial amount of money not having to pay a realtor. Edwin was very polite and explained the situation to the realtor even though she suggested that he be very careful that there were many details and property studies that should be done.
real estate in Costa Rica
The real estate was purchased and the owner ecstatic with his sell and back to the EEUU he went. However, recently Edwin called back his realtor to explain to her that his property was tied up at the municipality as there were leans on the property that Edwin and Josefina did not know about.
In the end, the money they saved not paying commission to the realtor they are now spending with lawyers to get their property legal!! Remember your realtor is here to help you avoid getting scammed! Also take in consideration that the seller pays the commission, not the buyer. And a licensed realtor knows the deals and how to negotiate the best price. Make sure that your real estate in Costa Rica is the right one and done the right way!
We highly recommend you to use a professional licensed realtor to guide you when you are looking for a property in Costa Rica. Some clients are under the impression you pay more if you use a broker. Well, this is NOT the case, first of all the Seller pays the commission and a professional knows how to negotiate the best price. Sellers in Costa Rica often have no idea what the real value of their property is. Owners are waiting for a foreigner with lots of money that will pay whatever they are asking. Unfortunately some foreigners did pay way too much for their property and property owners know this. Don’t make the same mistake > Do not think twice and get professional advice!
We at Century 21 Beach Area Properties go beyond just advice, being the first Real Estate company on the Southern Half of the Nicoya Peninsula we will give you all the information you need with regards to real estate, life in Costa Rica, banking, residency, cars, traveling, taxes, insurance, rentals, health care and much more. It is more than just buying a property if you never lived in Costa Rica before. We will also only show you properties that have clean title as we perform a due diligence study before we list the property, we check if there are any liens or annotations on the property. We will give you all the information you need with regards to the property and will recommend you to use your own attorney for legal advice. We have worked with lots of attorneys and notaries and from experience we know the ones you should use and ones you should not. We will make the written offers and contracts which will be reviewed by yourself and your attorney before we present it to the sellers. Using our services will guarantee you to have a smooth, safe and secure purchase!
We always recommend you to first travel through Costa Rica so you can decide where you would like to have a property. We at Century 21 have offices throughout the country. Pura Vida and have a great day!