|
|
|
Resources
Tips for buyers
|
|
General
- Make use of an agent/broker that assure you absolute understanding in the following topics:
- Technical aspects
- Legal aspects
- Commercial aspects
- Human relationships abilities
- Ethics and values for a transparent process
- Identify property type you want to buy, including the main characteristics you wish to have
- Make sure you are dealing with the owner of the property or with a person duly empowered to act on the owner’s behalf
- If the property has more than one owner, verify which are the other owners’ rights and the existing relationship between them. Verify that there are no problems which may jeopardize your money, your peace and your main goal: finding your property
- Make a registry study to make sure the property is free of liens and annotations.
- Take the cadastral plan to the Municipality, make sure you can build and/or develop what you have in mind
- Verify that the property does not have easements, and if it does, verify in which way this can affect positive or negative property use
- Properties located on the maritime zone, are owned by the Government. The Government, through the Municipality and the Costa Rican Tourism Institute is the one empowered to give concessions, being that the Government will remain as the owner but you will be registered as the person which can use the property. Concessions are given for a maximum period of 20 years, however it can be renewed if the beneficiary has act in accordance with the obligations. Before obtaining a concession it is important to verify in the area’s Regulatory Plan, which are the uses allow
|
Financing
- If you need financing, it is important to know how much debt you can assume in order to establish your budget.
- Obtain as much information as you can from different banks on their loan conditions as well as their requirements in order to compare which Bank is more convenient for you.
- Identify Real Estate fair trades dates, banks usually offer better conditions.
- Obtain the bank’s pre-approval before moving forward with the process
- Make sure you understand and obtain answers for all your possible doubts regarding financing terms and conditions
|
Market
- Explore areas with growing potential, will guarantee your money’s value.
- Consider different market options before making the decision
- Analyze road accessibility to your interest area as well as public and private services which will guarantee your stability.
- In case you are interested in a property within a development, get to know the developers, or if you are interested on an individual property get to know the owners, and the warranties each one gives to you.
- Verify there is possible risks or potential circumstances which might negatively affect property’s value; for example (railroad tracks, highways, dams or any construction that might depreciate the value of the property).
- Obtain an international insurance (foreigners) just if that will help granting you the necessary calmness during the process.
|
|
|
|
|
|
|
|
|
|
|
|
|