Purchasing real estate in a foreign country can seem daunting, but when you partner with Real Estate Grupo, you gain access to experienced professionals who will guide you every step of the way. Here’s a detailed overview of what you can expect from the process and timeline. While each transaction is unique, this guide provides a general framework to help you plan your investment in Costa Rica.

Step 1: Initial Consultation

Our commitment to educating our clients sets us apart. In your initial consultation, one of our knowledgeable agents will discuss your questions, goals, and expectations. This conversation ensures you fully understand the Costa Rican real estate market and are well-prepared to make informed decisions.

Step 2: Submitting an Offer

When you’re ready to make an offer, our team will assist you in crafting a strong proposal. Typically, offers include a 15-day due diligence period, allowing you to thoroughly review all necessary documents and feel confident in your decision. Once satisfied, you can proceed with a deposit held in escrow. The total closing process generally takes between 30 to 45 days.

Step 3: Post-Acceptance and Due Diligence

Congratulations on having your offer accepted! Now the real work begins. We’ll introduce you to a trusted attorney to initiate the due diligence process on the property. This step may also include scheduling an inspection if you choose. Opening escrow is another critical phase, often requiring substantial documentation. If funds are being transferred to Costa Rica, expect to provide detailed proof of their origin.

Step 4: Finalizing the Purchase

Once due diligence is completed and the title is confirmed clear, you will finalize the initial deposit. From here, the next steps involve scheduling the closing and sending the remaining balance to escrow. A closing statement will be prepared a few days before the closing date for your review, ensuring transparency in the final amount to be transferred.

Frequently Asked Questions

What Are the Closing Costs?
As a buyer, you are typically responsible for all closing costs, which generally amount to around 4% of the purchase price. This includes attorney fees. Additional costs may arise if you choose to establish a corporation or conduct a property inspection.

Do I Need to Be in Costa Rica for the Closing?

Not necessarily. Depending on the ownership structure, you can appoint a power of attorney to represent you during the closing process.

Should I Hold the Title in My Name or a Corporation?

There are benefits and drawbacks to both options. We recommend consulting with your attorney to determine the best strategy based on your individual circumstances.

Why Choose Real Estate Grupo?

Our services are entirely free for buyers; we are compensated by the seller. This allows you to take advantage of our expertise, local market knowledge, and full range of services without any additional cost to you.

Contact us today to schedule your consultation and begin your journey toward owning property in Costa Rica with confidence and peace of mind.