What has been a major obstacle for foreigners moving to Costa Rica? The inability to open a bank account in Costa Rica. The reason was that a residency card or Dimex was needed for such a service. When you move to another country, it is important to be able to wire money to a bank […]
I had the opportunity to a mortgage refinance on different properties in Costa Rica in December last year. So I’d end up with a mortgage on just my house. That way, I’d have the other properties free and clear. With the mortgage refinance I would pay no mortgage administration fees and make a much lower […]
Our real estate agent said we could make an offer contingent on the sale of our own property. Can you explain in detail how that works and is there any cost to us? Also, what if our property doesn’t sell in the time given? Thanks Quite a few of our Costa Rica real estate buyers, […]
Our agents sell a lot of investment property in Costa Rica to absentee owners and it is often a problem what to do with the rental income. Many investors use their retirement funds to purchase a home for future retirement and our real estate agents or property managers take care of keeping the home rented, […]
When you buy Costa Rica real estate and you need to finance the purchase, you will need to know some important facts about the mortgage cost. Like, who will register the mortgage and who will pay for this. Of course you will ask the bank or whoever finances the purchase for information first. In case […]
We started doing property management for quite a few clients who bought Costa Rica real estate through our office years ago, which made us introduce our clients to Scotiabank the Costa Rica for easy money traffic between us. By sending those clients to the bank, created an easy going attitude toward our clients and quality […]
Your American-European real estate agent can help you determine the best route for mortgages or financing in Costa Rica. This should be done according to conditions in the market and your personal situation. In today’s’ market, if you are looking to purchase a property through mortgage financing with a Costa Rican bank, you need to […]
Looking to get financing for a Costa Rica real estate purchase? Then you need to fulfill several requirements for a mortgage. The most important one is that you need to be a resident of Costa Rica or you have to buy cash. Very few banks will give a mortgage to a non-resident. Our Mortgages or Financing […]
If you plan buy a Costa Rica property with a mortgage from a Costa Rican bank, you need to have a hard look at the mortgage conditions each bank will give you. Getting a mortgage in Costa Rica is very different from many other countries because we don’t have any mortgage brokers in Costa Rica […]
Did you know that you can use escrow services when buying Costa Rica real estate ? Costa Rica doesn’t have escrow laws like the United States has. So why should you use escrow services when buying Costa Rica real estate? If you are not a Costa Rican resident or citizen, you probably don’t have a […]
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by Ivo Henfling
