Costa Rica Real Estate
Use
your judgment when choosing Real Estate in Costa Rica. Make sure
the realtor you are talking to is knowledgeable about Real Estate
in Costa Rica and interested in what you want not their
commission! One thing to keep in mind is that you don't need to
have a license in Costa Rica to sell Real Estate, so some people
try to become realtors with little or no knowledge to help you
find the Real Estate that best suits your needs. This isn't saying
that you have to be paranoid about talking to realtors in Costa
Rica as many of them are good people doing their best to find the
best Real Estate for their clients, just saying use your common
sense! GET A
LAWYER!!! Buying Real Estate in Costa Rica can be extremely tricky
and potentially dangerous without having a good lawyer. The US
Embassy has made a list of what they think are good lawyers in
Costa Rica. We strongly recommend you read over our Costa Rica
Real Estate Laws section to get a good idea of how things work
when buying Real Estate in Costa Rica. This will also help you
know if a lawyer is trying to give you the run around.
Request your attorney to conduct a
title search at the Registro Publico (Public Registry) about the
property you want to buy.
Write a Transfer Deed - This is the
document that transfers ownership of the property. The transfer is
made with the buyer and seller signing the transfer deed (called
an "escritura") in the presence of an attorney. The attorney then
drafts the transfer deed and registers the sale at the Registro
Publico.
Closing Costs - By custom, buyer and
seller split the closing costs, but the split may be adjusted up
or down to fit the occasion.
Register The
Transfer Deed - to register your transfer deed you or your
attorney must bring to the Registro Publico (Public Registry) the
following documents:
A. Proof of payment of all taxes
and registrations feesB.
Certifications issued by: a) Finance Ministry, confirming that
all seller's property taxes were paid; and, b) the local
Municipality, stating that buyer and seller areup to date on
municipal taxes.
C. Proof that all prior
mortgages, liens and judgments (if any) have been resolved
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