Did you know you can purchase property in Costa Rica remotely? Once you have taken the decision of moving to Costa Rica, you don’t even have to travel to make the purchase. You can, it isn’t so complicated to buy property remotely as you think. The most important aspect of this idea is your team. […]
Quite often, we receive requests for buying a hotel with no money down. This is usually a small or boutique hotel or a B & B in one of the beach areas of Costa Rica. That’s because we have a very nice inventory of Costa Rica hotels for sale. Others are asking if they can […]
Is it possible to retire on social security in Costa Rica and live comfortably? Retirees on U.S. Social Security, or Canadians on the Canada Pension Plan, seem to be attracted to moving to Costa Rica. (I too hate cold winters!) I receive lots of emails from retirees in those two countries asking if they could […]
Loan to value ratio or LTV is a ratio that reflects the relationship between how much you borrow and the appraised value of your property. For example, Joan wants to purchase a home for $100,000. She plans to make a down payment of 10 percent ($10,000) and finance the rest. This means her loan is […]
Do your homework on who pays taxes in Costa Rica, which taxes and when they have to be paid. This guide will assist you in having you always up to date on all your Costa Rican tax payments. That’s because the government won’t tell you and you will find out when it’s too late. This […]
Most homeowners in Costa Rica don’t even think about fire and earthquake insurance and if they still have to pay the mortgage after their house was destroyed. You own(ed) a house in Costa Rica. This house was destroyed by a natural disaster or fire and you are paying a mortgage. What should you do? Can […]
It’s amazing how many emails we receive from future expats who ask about financing a business purchase or a startup. Lots of people who would love to move to Costa Rica but don’t have enough money to start or buy a business to make a living. A great option for those who don’t have enough […]
Did you know that the mortgage rate in Costa Rica is outrageous? I pay 9.5% interest rate on my mortgage in U.S. dollars! Politicians have been debating, due to the elections 2018, about economic solutions for the last few months. Because the government needs money. Don’t we all? Now that Carlos Alvarado of PAC was […]
Many businesses and investment property in Costa Rica have a double accounting system. One is for the tax authorities and another for the business owner. Naturally, there is a significant difference between the official records and the reality. Investors who find an interesting investment property online, first send an email to the listing agent. That […]
What is an earnest money deposit good for is a real estate FAQ or a frequently asked question in Costa Rica real estate. The earnest money deposit is really like a handshake when agreeing on the property purchase between buyer and seller. But the earnest money deposit needs to be accompanied by a formal agreement. […]
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by Brooke Bishop
by Ivo Henfling
