Costa Rica Homes: Costa Rica Real Estate

Exploring the Costa Rica real estate market to find the perfect Costa Rica home is well worth the effort.

Costa Rica offers many nice benefits to residents. Some of these include a stable, democratic government, and excellent investment opportunities, good healthcare and fantastic weather.

Costa Rica real estate is surprisingly affordable. A Costa Rica home located in the most popular areas can be purchased for between $150,000-$500,000. Of course the price can vary by location and amenities.

There is plenty of land for sale to build a Costa Rica home or investment property. However, if you do decide to build instead of buy, be prepared for a much different construction experience than you will get in the U.S. It takes patience and money to build a Costa Rica home.

Steps for Buying Costa Rica Homes

If you do find your dream piece of Costa Rica real estate, there are some steps that need to be followed to the letter.

Before you start, get some kind of home inspection by someone who knows what they are doing, preferably licensed and insured.

It is imperative to find a good attorney to assist you in the buying process.

You will need to have your attorney do very thorough title research on the Cost Rica real estate property.

Have your attorney draft a transfer deed. The buyer and seller in Costa Rica split closing costs.

Get ready for the fees and taxes. There are Costa Rica real estate transfer taxes, notary fees, mortgage registration fees, documentary stamps, etc. The best part about buying a Costa Rica home is that the seller usually undervalues it by about 20% for tax purposes.

Most importantly, make sure that your attorney registers your new deed for your new Costa Rica homes.