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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 […]

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 […]

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 – […]

Real Estate FAQ | Can I get a VA loan to buy property in Costa Rica?

Real Estate FAQ | Can I get a VA loan to buy property in Costa Rica?

Visitors on our website often ask if they can get a VA loan to buy property in Costa Rica. U.S. veterans seem to be attracted to living in Costa Rica quite often. Costa Rica is another country and doesn’t belong to the United States. It doesn’t belong to the US territories either. The VA doesn’t allow veteran […]