Thursday, April 5, 2012

Top Tips for Buying Costa Rica Real Estate


Costa Rica Real Estate TrendsBasically Costa Rica is separated into seven provinces, San Jose, Heredia, Cartago, Alajuela, Limon, Puntarenas and Guanacaste. The first four are known as the excellent urban place and around 60 % of all Costa Rica inhabitants live in this part of the nation.

There is no doubt that the impact of financial crises in United States and Now in Europe has had the direct adverse impact on the Costa Rican Real Estate market. The majority of purchasers and developers of Costa Rican Real Estate during the boom years came from United Estate.


Costa Rica Real EstateCosta Rica is being marketed by the media in the states as the place for boomer retirement and now the spot in the world of real estate and due to its beauty, natural scenes, its democratic government and life style, it become more popular around the world.

Below are the some facts and tips for buying Costa Rica Real Estate,

Make sure you know the real value of the property.

·         Make sure you know the real value of the property.

·         Do not assume the seller or broker is trustworthy just because they speak English. This is a common pitfall.

·         Make sure the property you are about to purchase in not part of a nation park or is subject to restricted use. There are areas near Dominical, for example, that abut a rain forest where it is forbidden to cut any trees.


·         If you purchase raw land, be sure to get a soil sample and hire an engineer, especially if your lot has been cut out of a hillside. We know of one man who built a million dollar home on a bluff overlooking the beach. About a year later he had to spend $100, 000 to build a retaining wall because the rain started to undermine his lot.

·         If you buy in a remote region make sure you can bring electricity to the land. This can be expensive. Also check to see if the water supply is good in the area.

·         Do not rely on a verbal contract if you decide to make an offer. Get everything in writing.

·         Check out your neighbors. There is nothing worse than buying property and finding out later you had bad neighbors.

·         If buying in the city or near a major street check the noise level. Make sure there are no dancehalls, bars, rowdy neighbors or noisy buses.
  
·         If buying in the city it is extremely important to be familiar with the neighborhood where you decide to buy. Make sure you are not buying in a crime-ridden area. There are a few areas in the San José where you would not like to live. A good broker and doing your homework can help you avoid this disaster.

To find out more about investment profitably in Costa Rica Real Estate, Visit us at:http://www.costa-rican-real-estate.com/

7 comments:

  1. millionaire and real estate guru. Suneet Singal has stolen millions of dollars and owes a number of people money. Do not fall into this con artist's traps and his real estate Ponzi schemes. Suneet is a fraud and lie to cheat you out of money. Sunnet Singal cannot be trusted. www.thevancouverrealestate.ca

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    1. Claudio, why do you say this?

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    2. Suneet *is* a criminal. So is attorney Terry Szucsko, of Lvovich, Volchegursky & Szucsko.... they aid and abet their clients in committing various crimes. Terry will be disbarred and going to jail. Do not trust him.

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    3. I was in the courtroom for one of Terry's cases, and just had to post here to defend him.... he just skewered this guy, Carl Alexander Wescott, in family law court. I looked up the case later.... He said that Alexander had sent over 1000 emails to the woman he is divorcing, Monet Stevens... defying a court order, and said that Wescott is dangerous (sounds like he is mentally ill) and that he should not be with his children... he was reading from some sort of psych eval. Again, he made it very clear that Wescott is completely insane and competely defies the law? What sort of man would send 1000+ emails to his wife after receiving a court order not to contact her? Terry did a good job of making this guy look like a complete nut and lowlife criminal. I hope he wins his case.

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    4. If you would like to look that case up, it's FDI14781666. Looks like some crazy shit. If you read through the files, Wescott *is* dangerous and crazy... He used to beat his wife's dog, until the dog died. As a dog lover, I hope they lock this guy up.

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    5. I have to warn you about this guy too. He used to be President of my company so I know him well.

      In fact Carl has been beating his wife, he ripped off $400k from a close friend of mine, has put his mother and sister's homes into foreclosure, etc.

      A truly despicable character.

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  2. This place in Costa Rica is very relaxing. How I wish I can buy a properties there and live there forever. Thanks for the tips it is really helpful and I really appreciate it.

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