At Pacific Beach Realty in Costa Rica, we recognize that everyone has their own distinct needs, goals, and expectations. Leveraging our deep knowledge and expertise of Pacific coastal properties, we offer tailored guidance to assist clients in successfully buying or selling their properties.
Buying coastal property in Costa Rica can be complex and there are numerous factors to consider. At Pacific Beach Realty, our team of experienced professionals possesses a wealth of knowledge to ensure the purchasing process is handled correctly and efficiently.
At Pacific Beach Realty in Costa Rica we understand the challenges, concerns and most, if not all of pitfalls which can arise in the process of purchasing property in Costa Rica. With twenty years´ experience in beach real estate and development in Costa Rica, you can rest assured we will do our utmost to ensure that you make the best choices and decisions when it comes to choosing your ideal beach property.
Please reach us at Tim@pacificbeachrealtyCR.com if you cannot find an answer to your question.
Although there is no title insurance in Costa Rica, there are several legally registered escrow agencies where earnest money deposits can be safely held during due diligence, and funds can be distributed electronically at closing.
Plot plans are now reviewed digitally as part of the initiative known as SIRI. When purchasing land, it is therefore important to have a surveyor compare the existing cadastral plan with the electronic version to see if there are any major discrepancies.
Holding property titles in corporations is often a good idea; however, there are now several filings that need to be made annually in order to maintain the corporation in good standing.
When houses or condominiums are bought and sold, the understanding is that they are being offered "as is". Buyers can carry out building inspections during due diligence; however, unless those inspections reveal major structural issues, do not expect sellers to rectify or compensate the buyer for any minor defects that may appear in the inspection.
For land purchases, in addition to boundary surveys, you may want to obtain a land use certificate from the local municipality (Uso de Suelo). In certain instances, you should also consider obtaining a soil study (Estudio de Suelos) and checking for any affectations to confirm the absence of registered springs or wells in the vicinity that might affect your build, as well as ensuring there are no forestry or indigenous reserves or geological issues such as faults and landslides. Moreover, verify that the land has a legally approved water source recognized by the relevant municipality, as this will be required in the permitting process for construction.
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