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Buying and Selling Property in Costa Rica  | |||
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Costa Rica has been had a vibrant real estate market for more than two decades. Thousands of foreign nationals have successfully negotiated the unfamiliar and often challenging bureaucratic and legal backwaters of this spectacular Central American country. A far lesser number have done the due diligence in visiting and exploring the country and have decided that on balance this society and culture are not appropriate for their long-term interests. A much smaller number have had unsavory experiences by moving too quickly with properties that were not fully titled and have had their dreams corrupted by problems such as incomplete titles, zoning restrictions, arcane permitting strictures, difficulty in contracting satisfactorily with building and infrastructure development efforts, and other unforeseen complications.
In order to circumvent common pitfalls, those interested in purchasing property, whether developed, raw, commercial, residential, industrial, or otherwise, are strongly advised to educate themselves in all aspects of the domestic real estate business. This primer is by no means intended as an exhaustive one and for those that have been in the market for awhile may seem rudimentary and self-evident. Nevertheless, at Osa Pen Realty, our primary interest is not that you buy one of our properties, but that you find the closest thing to what you are looking for and that you have a successful experience in the often challenging process of buying real estate and developing it according to your project interests. The sections of this dry, tedious essay are arranged in no particular order and are not meant to be an exhaustive treatise on the subject but rather to provide those interested in learning more with some basic facts that warrant greater understanding through consultation with your lawyer as well as with conversations with real estate agents and property owners. |
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