Estimated Reading Time: 5 Minutes If you want to purchase property, start looking for an escrow agent. An escrow agent is a neutral third party who holds onto the buyer’s funds related to the real estate transaction until both parties have satisfied their contractual obligations and charges a fee for this service. This fee is…
Estimated Reading Time: 8 Minutes The lack of knowledge and the excitement of buying land you fell in love with are common reasons for rushing into a purchase and making costly or fatal mistakes. Buying land is pretty simple for those who do it all the time. But even experienced buyers from other latitudes should…
How many times do you purchase a property in a lifetime? Not very often, right? You wouldn’t know which real estate contingencies you should consider when making your offer. Unless you are a Costa Rica real estate investor. Even when you have bought and sold real estate in other countries, you’ll find that everything functions…
Estimated Reading Time: 6 Minutes Do you own a vacation rental? Have you thought about giving power of attorney to your property manager? When you invest in a vacation rental or any other rental property in Costa Rica, and you hire a local property manager to care of your investment, there are a few things…
When you purchase or rent Costa Rica real estate, you might inherit Costa Rica utilities such as a water and power meter from someone who isn’t even alive anymore. Costa Ricans, when they purchase a property, they will leave the utility services like power and water in the former owner’s name (or several owners ago). The power…
A few days ago I received an email asking for legal consultation with a well-known Costa Rica real estate lawyer who has written some guest blogs for us. Because we have over 350 blogs about Costa Rica real estate and many other topics on our website, I get a lot of emails with requests. Some…
To use a corporation to purchase real estate in Costa Rica is a pretty common way. The purchase transaction usually goes through a shelf corporation or newly constituted one, called an S.A. For many years, attorneys recommended foreigners to use a corporation to purchase real estate for several reasons. Those clients took the recommendation so…