So you have searched all the listing sites for Costa Rica on the web. Read everything you could on how to invest, where to invest, what pitfalls to watch out for, and how to get a good return on your investment. Well, by now you are probably more confused than when you started. The following steps will help to simplify the process and ensure your buying experience will prove fruitful and enjoyable at the same time.
1. Narrow your search down to a particular region
It is important to decide what area you are most interested in. The Northern Pacific has seen the most growth and development, but the prices reflect that. The Central Valley remains a steady market with good access to San Jose. The Central Pacific is a juvenile in regard to investment opportunity, and the South Pacific still a baby.
So depending on your investment goals, whether it is a “quick flip", an extensive development, a long term hold, or simply a retirement place; the particular region you choose can weigh heavily towards the end result.
2. Determine your budget
In order to best utilize the time you are going to have while property hunting in Costa Rica, you should have a ballpark idea of how much money you are willing to spend. There are so many amazing pieces of property on the market in Costa Rica, that you can get bogged down trying to see everything. Stick to your budget, which narrows your search to the properties that are most important to see.
3. Schedule your trip
This is a big step that too many people take for granted. You should allow yourself at least 15-30 days in the country to be able to acclimate yourself and view enough properties to feel comfortable buying. Also you have to consider the weather conditions could play a vital role in how much property viewing you are actually able to do. For example, if you planned a two-week trip in October to view property in the Southern Pacific Region, you could get rained out every day, as October is the peak of the rainy season. The primary goal here is to allow yourself adequate time so that you do not feel pressured or hurried.
4. Set up appointments
Before leaving for your trip, take the time from the comfort of your home to set up several appointments. I would even recommend setting up more than you think necessary because there is a high possibility that either you or the agent will not be able to make the appointment. Business is very laid-back in Costa Rica and schedules are often not adhered to, so be prepared for that scenario going in. Costa Rica has a way of changing schedules, which is not always a bad thing.
5. Start the hunt
Now the fun part begins. You have picked the area or areas you are most interested in, scheduled appointments to see properties within your budget, and you are on your way to locating that perfect piece for your needs. While searching, be sure to check the area for previous sales so you can establish an idea of what properties have been selling for. Even if you fall in love with the first place you see (which happens often here) keep on looking because it is liable to get even better. Buying property in Costa Rica is a very safe process with only two primary pieces of documentation you must ensure are present and valid. The first is the title, or escritura, this document; similar to a deed in the states guarantees ownership without liens or encumbrances. The second is a valid survey, or plano, this document shows the physical boundaries of the property and often any improvements. If both of these things are in order, you are well on your way to buying. (Insider tip---talk to waiters at restaurants about property they might know is for sale. Nearly all will know of something, and often you can find great deals. Just be sure to verify the aforementioned documentation if you get that far along)
6. Make an offer
This part can be a little tricky in Costa Rica as there is no rhyme or reason to what is an acceptable offer. Most developments are fairly set in the prices they are asking for their land, but sometimes early in you can catch a development in need of cash flow and get a great deal. When buying off a local, or Tico as they are known, I have seen offers as low as 50% accepted and other locals who were tremendously insulted by anything other than the asking price. You really have to get a feel for who you are dealing with to make the right offer.
7. Close the Deal
This process is very similar to the one we have here in the states. Both parties can choose a separate lawyer or decide to use the same lawyer, which is often more cost effective. If you desire, you can choose an attorney that speaks fluent English so he can explain the entire process to you. These attorneys are generally more expensive, but the peace of mind is often worth the cost. Your attorney will do a title search and verify the survey in a manner that is equivalent to the process here. Most people choose to form a Costa Rican corporation to buy the property with, which helps to limit certain aspects of liability. Once everyone has signed and the funds are transferred, you are now the proud owner of your own piece of paradise. All property is then registered in the National Registry which is accessible online to check ownership status.
People are often intimated from the myths they hear in regard to purchasing property in foreign countries. The truth is, from personal experience, by simply following these easy steps you can ensure your experience will be a profitable and pleasant one.
Adventure In Costa Rica
A divorce lawyer in Costa Rica can help you understand how to apply for a divorce in this country. Getting a divorce in Costa Rica is different than in other parts of the world. A divorce lawyer, Costa Rica, can help you through the divorce process. You do need an attorney if you are planning on getting a divorce in Costa Rica, especially if you are married to a citizen of the country and are living in the area.
Costa Rica is a beautiful paradise located in Central America. Many people like the peaceful surroundings of the country and both the sea and mountain views. For this reason, a great deal of people decide to live in Costa Rica permanently or even retire in this area. As things often happen when it comes to marriages, some seek to get a divorce.
Others come to Costa Rica for a visit and then fall in love with a local person and seek to get married in this romantic climate. In some cases, the marriage falls apart and the couple seeks a divorce. Or, one of the parties feels that they have been misled and decides that they want out of the marriage. In such cases, a divorce is usually sought after. But it is not as easy to get a divorce in Costa Rica as it is in some parts of the United States. A divorce lawyer, Costa Rica is necessary to help you understand the divorce process in this country.
A divorce lawyer in Costa Rica can take you through the long court process of obtaining a divorce. Costa Rica is a Catholic country and divorce is frowned upon. For this reason, it takes three years to obtain a divorce decree in this country. If there are children involved, it can be much longer. When you marry a citizen of Costa Rica, you are also marrying their family. You may owe family support as well as financial support for the spouse. And they will not allow you to leave the country without paying 13 months in advance for spousal and child support.
Before you marry in Costa Rica, or if you are living in the country and wish to obtain a divorce, you need to speak to a divorce lawyer in Costa Rica. They will be able to explain to you the different options that are available to you when it comes to obtaining a divorce in this country. It is actually a good idea to talk to a divorce lawyer, Costa Rica before you even decide to get married, although most people do not do this. One thing is certain, before you decide to get married in any country other than your own, you should understand the legal ramifications that are involved when it comes to divorce. If you find yourself in a situation where you feel divorce is the only way out of your marriage in Costa Rica, then you must seek out a divorce lawyer in Costa Rica who can help you understand your rights and also give you legal assistance through the court system.
Both Ryan Lee & Vikram Kumar are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Ryan Lee has sinced written about articles on various topics from Real Estate, Family and Perfumes. Buy Safe Costa Rica is an objective listing service that offers property in Costa Rica from only trustworthy owners and brokers for sale or rent. Learn inter. Ryan Lee's top article generates over 8100 views. Bookmark Ryan Lee to your Favourites.
Vikram Kumar has sinced written about articles on various topics from Teeth Whitening, Astrology Predictions and Family. If you get married in Costa Rica or want to get divorced in this country, you need to know about divorce law. A divorce lawyer in Costa Rica can help you through th. Vikram Kumar's top article generates over 823000 views. Bookmark Vikram Kumar to your Favourites.
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