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Great Tips On Buying Property In Costa Rica
by Expat Focus columnist, Casey Bahr
Do As I Say, Not As I Did
Against all the conventional wisdom repeated ad nauseum to potential expat real estate buyers, we bought our property on our first trip to Costa Rica. It’s a lengthy story as to how that happened, but not for telling today.
Knowing what we know now after having lived here for five years, I strongly advise others not to do what we did. In our case, it worked out incredibly well, better than anyone had a right to expect. In hindsight, we realize we luckily avoided many potential pitfalls that others found themselves in.
Compared to what Norteamericanos are used to regarding buying residential real estate back home, the “system” in Costa Rica feels like the Wild, Wild West.
You are much more on your own with regard to researching property, calculating a fair price and ensuring the property has clear title. It is not completely laissez-faire, however. Patience and due diligence will go a long way to making a good deal...
Read more about buying property in Costa Rica.
- Forum Legend
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