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What is a real estate purchase option in Costa Rica?

Real Estate FAQ | What is a real estate purchase option in Costa Rica?

What is a real estate purchase option and when is it needed? Who writes up this purchase agreement? What should be in this contract? Is it legally binding? A real estate purchase option is a contract where the seller gives the buyer the exclusive right to purchase a specific piece of property. The contract stipulates […]

6 Promises by Residential real estate developers that should worry buyers

6 Promises by Residential real estate developers that should worry buyers

Residential real estate developers and builders in Costa Rica make promises quite easily.  That’s because promises are easily made, as long as the sale is made, right! A buyer often cannot even start to imagine how difficult those promises are to fulfill. Especially in a buyer’s market, when you will find an excess of inventory […]

FAQ | Property Tax and other taxes to pay when buying property in Costa Rica

FAQ | Property Tax and other taxes to pay when buying property in Costa Rica

Don’t you want to know what property tax to pay before you buy property in Costa Rica? Of course, you do, this is a frequently asked question by many buyers. There are several taxes to be paid when you purchase property and after: Property Transfer Tax The first tax you will be paying is the […]

6 Benefits of listing on the #1 MLS in Costa Rica

6 Benefits of listing on the #1 MLS in Costa Rica

There are several great benefits for listing a property for sale on the #1 MLS in Costa Rica. When looking to sell, property owners often don’t know where to advertise their property for sale. Of course, you can try listing on For Sale by Owner, or Craigslist. Nonetheless, buyers will find very few options in […]

FAQ | What is the construction cost in Costa Rica?

FAQ | What is the construction cost in Costa Rica?

In this blog, I’d like to attend a question we receive almost daily: what is the construction cost in Costa Rica? I wish the answer was simple but there are many details involved that will change the building cost of a home. Now, in 2019, construction cost in Costa Rica runs anywhere between $70 – […]