Santa Teresa Luxury Properties

Tel. in the US:  +1 702 802 9972
in Costa Rica:  +506 8499 1181

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Costa Rican Law

In the United States, the legal system is based on Common Law (except for Louisiana) whereas Civil Law is used in Costa Rica. Common Law derives from England and is based on statutes but also case law and precedent.

Financing

Although technically the Costa Rican constitution allows equal access to credit for both foreigners and Costa Ricans, it is significantly more difficult for foreigners to qualify.

Closing Procedures and Costs

Once you have found a property in Santa Teresa or Mal Pais or Manzanillo that you want to buy, you will need a Costa Rican attorney/notary to execute the transaction. As with real estate agents, it is typical for an attorney to represent both the buyer and seller.

Option Agreements

In some cases, a property buyer for property in Costa Rica may want to make a down payment or buy an “option” on a piece of real estate. The final deal may depend on some outstanding details to be worked out or obligations to be met, but both the buyer and the seller will formalize […]

Costa Rica Property Types

Private / Untitled / Possession Property The great majority of land in Santa Teresa, Mal Pais and Manzanillo is titled. Throughout Costa Rica, however, there is a lot of untitled land, that may qualify for title.

Real Estate Agents

In Costa Rica, there is little governmental regulation of the real estate industry. However, a knowledgeable real estate expert will be invaluable in helping you with many aspects of your purchase or sale.