Category: Frequently Asked Real Estate Questions

Real Estate FAQ | What do to with the Earnest Money Deposit?

Estimated Reading Time: 4 Minutes What you should do with the earnest money deposit is a real estate FAQ or frequently asked question in Costa Rica real estate. This question arises all the time because, in Costa Rica, it’s custom for the buyer to give the earnest money to the seller. Costa Ricans rarely use…

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FAQ | Property Tax and other taxes to pay when buying property in Costa Rica

Don’t you want to know how much property tax to pay before buying property in Costa Rica? Learn now how much, when, and where to pay Costa Rica property tax, as well as other taxes. After you purchase a property in Costa Rica, you have to pay several property-related taxes: Property Transfer Tax When you…

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Real Estate FAQ | What is a real estate purchase option in Costa Rica?

What is a real estate purchase option and when is it needed? Who writes up this purchase agreement? What should be in this contract? Is it legally binding? A real estate purchase option is a contract where the seller gives the buyer the exclusive right to purchase a specific piece of property. The contract stipulates…

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FAQ | Does the rent include the utility costs in Costa Rica?

A very common frequently asked question we receive from clients is if the utility costs are included in rentals. It’s a great question because the utility costs can run up quite a bit. So the utility costs can cut into your budget tremendously. The correct answer to this question is that sometimes it is and…

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Real Estate FAQ | Can I get a VA loan to buy property in Costa Rica?

Visitors on our website often ask if they can get a VA loan to buy property in Costa Rica. U.S. veterans seem to be attracted to living in Costa Rica quite often. Costa Rica is another country and doesn’t belong to the United States. It doesn’t belong to the US territories either. The VA doesn’t allow veteran…

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Real Estate FAQ | River setbacks in Costa Rica are unbuildable

River setbacks are restricted areas of property surrounding the rivers and creeks in Costa Rica. The law strictly prohibits to build any roads or structures on river setbacks. Prohibited also are excavation, alteration, improvement, grading, landfill, paving, and storage. INVU controls the river setbacks, so they can protect the riverbeds against destruction. Looking to purchase…

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Real Estate FAQ | Is the property seller motivated?

Is the property seller motivated is a frequently asked question in Costa Rica real estate. A property seller who is really motivated will sell at a much-reduced price. Buyers asking if the seller is motivated always hope the reason for selling a property is something really serious. Like a divorce, a death in the family…

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