Living Costa Rica

a Costa Rica real estate blog

iconwht

Current Considerations for Incorporating a Company When Buying Property in 2019

I started practicing law in Costa Rica in 2003. At the time, incorporating, or not incorporating a company in Costa Rica to hold real property and other assets, was a straight forward decision. Property buyers were Incorporating a Company for basically 3 reasons: 1. Limited liability aspect afforded by the corporate structure. 2. Anonymity afforded…

Read more
iconwht

Real Estate FAQ | What is a real estate purchase option in Costa Rica?

What is a real estate purchase option and when is it needed? Who writes up this purchase agreement? What should be in this contract? Is it legally binding? A real estate purchase option is a contract where the seller gives the buyer the exclusive right to purchase a specific piece of property. The contract stipulates…

Read more
iconwht

Look for the local knowledge when buying real estate in Costa Rica

No one in the Costa Rica real estate market can take our place when it comes to sharing local knowledge and expertise. That’s why we publish our weekly blogs. It’s embarrassing to see so much wrong information published by many real estate websites because they lack local knowledge. Many years ago, I took on the…

Read more
iconwht

6 Promises by Residential real estate developers that should worry buyers

Estimated Reading Time: 4 Minutes Residential real estate developers and builders in Costa Rica make promises quite easily.  That’s because promises are easily made, as long as the sale is made, right! A buyer often cannot even start to imagine how difficult those promises are to fulfill. Especially in a buyer’s market, when you will…

Read more
iconwht

Ticos returning home find adjusting difficult in Costa Rica

If you are Costa Rican and left Costa Rica several decades ago, you will find adjusting difficult when you return.  You probably think that returning home for your retirement is pretty easy. Well, let me assure you it’s not and adjusting is difficult, much more than you’ll expect. Costa Rica, like all other countries, has…

Read more