5 Key Points When Buying Real Estate In Costa Rica
Looking to buy in Costa Rica but don't know where to start? Here are 5 key points from our free PDF guide "Buying Real Estate in Costa Rica". There is some flexibility in pricing for buyers: Most properties in Costa Rica sell below the asking price. Negotiation is key, especially if the property has been…
Jake Alexander
Real Estate and Investing Consultant
Looking to buy in Costa Rica but don’t know where to start? Here are 5 key points from our free PDF guide “Buying Real Estate in Costa Rica”.
- There is some flexibility in pricing for buyers: Most properties in Costa Rica sell below the asking price. Negotiation is key, especially if the property has been on the market for a while.
- Low Property Taxes: Property taxes in Costa Rica are as low as 0.25% of the property’s value. For a $100,000 property, that’s only $250 a year! Even luxury homes face relatively low taxes compared to global standards.
- Financing Options: Financing in Costa Rica can be tricky for non-residents, but options such as private or owner financing exist, and can be very low!
- Escrow: Protect your investment with an international escrow service. Escrow acts as a neutral party and makes sure your purchase agreement terms are followed, protecting your transaction.
- Do A Home Inspection! Prices for home inspections range from $500 to $1,500 depending on the property size and depth of the inspection. This step ensures there are no hidden surprises before you close the deal.
If you’d like to learn more contact us at info@investingcostarica.com
