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WHAT IS THE STANDARD PROCESS FOR PURCHASING PROPERTY IN COSTA RICA? As part of our Frequently Asked Questions series of blog posts, we are setting out below a summary of the steps that you would expect to follow in a typical property purchase in Costa Rica and in Santa Teresa. We would be more than happy to go through the information in more detail via telephone or email - please don’t hesitate to contact us with questions!
Purchasing Property in Santa Teresa: 1. The very first step is to find a realtor that you like, who is both knowledgeable of the local market and ready to support you in all aspects of finding the perfect property for you. By law, all real estate agents in the country must be registered with the SUGEF, which is the Costa Rican banking regulator. Your realtor will want to sit down with you and talk (either face to face or via FaceTime/Whatsapp/Zoom), and find out your plans, your criteria and your budget. Armed with this information, the property search will begin. Your realtor will be actively searching for properties that fit your wants and needs, but you will also find our website an invaluable tool when searching for properties. As a registered user with your own account, you can set up your own Saved Searches (which will send you an update when properties that fit your criteria come on to the market or change in price), you can save your favorite properties or share these with friends/family and you can make notes on your account against certain properties that will help you keep track of what you have viewed and what you liked/disliked about the property in question. If you need help in navigating how our website works, please do not hesitate to reach out to us! 2CRRE | Exclusives magazine