Costa Rica
Property
Purchasing land for sale in
Costa Rica is a good investment: prices are reasonable, the
laws are clear and many areas have great potential for growth
in the near future. However, as with purchasing any land for
sale, you should know what the law in Costa Rica is and how to
protect yourself. The most basic protection you can have is to
work with a reputable realtor. He or she will help you avoid
an inappropriate purchase, help you negotiate a fair bargain,
and help you find a property suitable to your needs, lifestyle
and budget.
In Costa Rica, the seller
transfers land to the buyer by executing a transfer deed (escritura)
before a notary public. In order to close on the property, the
buyer and seller must select a notary/attorney who will draft
the transfer deed and register the sale in the Public Registry
(Registro Nacional). Locally it is customary for the buyer to
select the notary/attorney who will draft the transfer deed if
paying cash for the property.
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