Buying property in Costa Rican can be a rock-solid investment — if you know what you’re doing, play by the rules, use common sense and follow this advice.
If you’re looking to buy property in Costa Rica, you need to know if there are any easements associated with it, and to consider how they will affect the property value.
Would you give $100K of your life savings to your banker without receiving any documents that prove the deposit? I would not, and I wouldn’t give it to a real estate developer in Costa Rica without proof of ownership either.
Looking to buy your dream home in Costa Rica? Why not ask your taxi driver? After all, he has the same legal authority to bring buyers and sellers together as a career real estate agent — i.e., none — and he is entitled to the same fat commission.
Roger Petersen, a Costa Rica attorney specializing in real estate law, shares his advice on buying real estate in Costa Rica in this, the first of a series of videos for The Tico Times.
I’m sure that no matter where you live, the homes in your neighborhood were a lot cheaper in the 1980s than they are now. $250,000 would buy a heck of a house in 1980 anywhere in the world and would have bought you a mansion in Costa Rica. Now, $250K buys you a nice condo in Florida and a nice house in Atenas, Costa Rica, but not a mansion.
