Initial Agreement & Deposit
Once you’ve selected the property you want to purchase, the first step is signing a Sale and Purchase Agreement with the seller. In Costa Rica, it’s customary for the buyer to place a deposit of 10% of the purchase price into a secure escrow account. This deposit demonstrates your commitment and reserves the property while due diligence is completed. I can recommend reputable escrow companies to ensure funds are handled safely and transparently.
Legal Representation & Title Review
Inspections are highly recommended. A reputable inspector can evaluate the structure, systems, and overall condition of the home. If you are overseas, I will personally coordinate and attend these inspections on your behalf, providing you with video updates and detailed reports. I can also meet with property managers, contractors, or other specialists as needed to ensure you have a complete picture of the property
Holding Title
Foreign buyers may purchase property directly in their name or through a Costa Rican corporation or trust. Your attorney can advise on the best option depending on your personal, legal, and estate-planning needs.
Closing
Once due diligence is complete, your attorney will prepare the closing documents and coordinate with the escrow company to transfer the balance of funds. At this stage, the title is updated with the National Registry, and ownership officially passes to you.
Insurance & Ongoing Support
Although insurance is not required for cash purchases, many owners choose to protect their property against fire, earthquake, and liability. I can connect you with knowledgeable local insurance agents, property managers, and other professionals to ensure a smooth transition into ownership
