Costa Rica real estate is uncharted territory for most American buyers. The market operates differently in the Caribbean, and all potential Costa Rica real estate investors should beware of the following potential pitfalls:
1- There is no licensing process for Costa Rica real estate agents. If someone tells you that he or she is a realtor, look into his or her qualifications carefully, as the term does not carry as much weight down there as it does up here.
2- There is no Multiple Listing Service for Costa Rica real estate. Several “realtors” may be trying to sell you the same property at different prices, and without a central repository of data, it’s hard to tell what the true value of the home really is.
3- Costa Rica real estate transactions are governed by a totally different set of laws. If you think your experience with real estate in the US will float you in Costa Rica, think again.
To get the best possible deal and help protect yourself from potential fraudsters, solicit only the best possible advice about Costa Rica real estate.
Source: eMediaWire Press Release
Costa Rica vacations are nearly ideal for most American travelers. With an amazing tropical climate, lush rainforests, and a variety of beaches and scenic mountain ranges, Costa Rica is the perfect vacation destination.
An average of 750,000 people visit the country every year. Over the past ten years, tourism has consistently outperformed even coffee as Costa Rica’s “cash crop.”
A particularly exciting destination to incorporate into your Costa Rica vacation plans is Irazú Volcano. Nestled high in the mountains, the volcano smells of sulfur and is surrounded by exotic vegetation. From such a high vantage point, you can see amazing views of the ocean and the land below.
If you’re interested in taking a longer Costa Rica vacation, consider looking into the many Costa Rica rental homes that take in weary travelers and offer them all the comforts of home as they explore this tropical paradise.
Costa Rica real estate that is FSBO (For Sale By Owner) can represent a real bargain.
Some Costa Rica condos for sale, listed on InterTica.com, range from as little as $75,000 up to as much as $365,000.
At the lower end of the spectrum, you will find two-bedroom Costa Rica condos located near the beach on the Gulf of Nicoya, with professional landscaping and swimming pools that are open to all residents of the condominium complex.
Some of the more expensive Costa Rica condos on the market are located on the edge of the southwestern coastal rain forest. They include spectacular mountain-top views, a principal residence, and a guest house.
Other Costa Rica condos spanning a wide range of prices are also available.
The Costa Rica real estate boom going on right now is beginning to rival the US’s own surge in home prices and home sales. Increasingly a favorite of retiring baby boomers, Costa Rica real estate properties are being bought up at an astonishing rate, pushing up prices and spurring additional development.
According to PetroleumWorld.com, “Costa Rica is experiencing a housing boom that rivals anything here in the U.S. and is driven in part by new boomer retirees. Two or three bedroom homes that were selling for $270,000 in December of last year are now selling for $350,000 and $400,000 in some parts of the country.”
Costa Rica real estate is very attractive to retirees from the states because the government does not tax any income earned outside of the country. In addition, people who purchase Costa Rica real estate can buy into a world class public health system that offers excellent care with many US-educated physicians.
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