The first question that arises in this topic is whether can a foreigner own a property in Costa Rica and the answer is yes. In this nation there is no impediment for this. In our country we have different ways of buying a property.
Costa Rica is known for its tourist attractions, many foreigners in their visits to the country fall in love with the green landscapes that distinguish the area, as well as its beaches, vegetation and fauna. This has motivated many tourists to invest in one or more properties for vacation, housing or even retirement.
Recommendations for Immigrants
Recommendations for Emigrants
It should be investigated if the property has any encumbrances such as mortgages or usufructuary rights.
Copies of the cadastral plan as well as the sales contract must be verified by an attorney.
The actual transfer of ownership is legally sealed by the signing of the sales contract.
If the sale process is going to extend over a longer period of time, a sales contract may be requested.
Contracts may be entered into as an individual or together with other persons in the name of a corporation.
The sales contract must be drawn up by an authorized notary, who must be chosen jointly by the parties.
It is sometimes very useful to hire a lawyer and a real estate advisor who speaks the language of the future buyer or to hire a translator, in order to be clear about each phase of the contract.
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