If you're looking to invest in a condo in Playa Hermosa, Guanacaste, Costa Rica, you'll find a variety of options to suit different budgets and preferences. Whether you’re after an ocean view, proximity to the beach, or a budget-friendly choice, there’s a condo community here for you.
Wondering how to make an offer on Costa Rica real estate? This guide covers the crucial steps you need to follow when making an offer. We’ll show you how to research the market, find a reliable agent, draft an offer, and understand legal requirements. Following this guide will help you make a confident and informed offer.
Government taxes and stamps take the main load. Law Firms and Escrow Services charge flat fees based on transaction.
Costa Rica's Capital Gains Tax and its Affect on Real Estate Assets
The capital gains tax in Spanish is called “Ganancias de Capital.” It was bound to happen! Well... it happened some years ago. Capital gains tax has been in effect since July 2019. What’s the rate? Well, the capital gains rate is fifteen percent (15%) of the gain. Being a home owner in Costa Rica, it is important for you to know how this tax can affect your personal tax situation.
When contemplating moving to Costa Rica from Vancouver Island, British Columbia in 1999 most of my friends were ready to have me committed to an asylum. How could you even think about leaving this paradise.
A good friend who I admired (CEO of one of BC’s largest lumber companies) sent me a note:
The Basics of Choosing a Building Lot
You fell in love with Costa Rica and after looking at all the built homes in the area you decided that you want to buy a lot and build. If you haven’t built a house from scratch before than this guide will be quite useful. Even If you have built a home in the past this will help you avoid pitfalls particular to Costa Rica and keep you on the right track.
Before we go any further, we must assume that you have hired an experienced realtor who will ensure the basics are covered that apply to any lot purchase:
The short answer on building or buying
Let us state right up front: we're not saying "don't build a home in Costa Rica". We're just showing you all the options, including the best way to build a custom home from scratch.
It's Smart to find a professional real estate agent
Most Buyers and Sellers in the coastal regions of Costa Rica are not native to the area so it seems like common sense that they would seek out advice from a seasoned and professional Agent. One that works in a well-established agency to guide them through the purchase or sale process of a property in a foreign county. I think we would all agree with that statement so far.
Pages
