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  • TicoNET Real Estate - Real Estate
    of CAFTA Costa Rica is committed to protecting investors rights and ensuring future free commerce Also property taxes in Costa Rica rarely exceed 1 very few beachfront properties are subject to a different tax structure and most properties are usually subject to an annual 25 tax When compared to tax levels in vacation and retirement hot spots around the world it is no surprise that Costa Rica is booming While some areas have already seen double digit yearly value increases over the past 5 years Costa Rica still has immense tracts of virgin land where the boom is only just beginning Costa Rican constitutional law ensures that all citizens and foreigners have the right to own real estate in Costa Rica While some foreigners choose to own property in their own name it is very common to open a corporation and purchase property with a lawyers help in their corporations name All foreigners should remember that Costa Rica does have squatter s rights and landowners should always have someone go to their property once every six months While a corporation will do nothing to help with squatter issues it still may be very beneficial for foreign investors Having a corporation with shares allows for easy transfer of property ownership Also transferring your shares of a corporation when selling a property is an easy way to ensure that you will not be paying property transfer taxes Finally paying corporate taxes on your property in Costa Rica may be cheaper than paying personal income or gains tax on the property Real Estate Information A Panorama By Thomas A Burke Buying a Business in Costa Rica By Thomas A Burke Buying Building Here is what you need to know By Roger Petersen Estate Planning in Costa Rica By Thomas A Burke Legal Tips

    Original URL path: http://www.ticonet.co.cr/real-estate/index.html (2015-06-03)
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  • TicoNET Real Estate - Real Estate Buying Process
    an escrow 3 Title research is performed 4 Closing Execution of Transfer Deed Endorsement of Shares and or Mortgage Deed and disburse funds 5 Register new owner with the Public Registry 6 Receive official Title Guaranty 1 Basic Terminology While the purchase process may seem simple there are some key legal terms a buyer should know The following is common vocabulary used in real estate transactions in Costa Rica a Folio Real This is the social security number of properties It is a unique number assigned to each property to identify it and distinguish it from others This number is comprised of three parts where the first number indicates the province the second group of numbers is the number of the property itself and the last group indicates how many owners the property has or has had The property that you are buying MUST have this number in order for you to obtain clear title b Transfer Deed escritura de traspaso This is the document that contains all of the stipulations regarding the transfer of real estate This document must be prepared by an attorney who must also be a Public Notary and the deed must be recorded in his her notary book as well as at the Public Registry of Properties in San Jose Stewart Title Costa Rica provides this service Further Stewart Title guarantees that the deed will be registered the same day or next day after the close to insure the government recognizes your purchase immediately and no other party can claim it before you c Power of Attorney Poder This document authorizes a person to act on behalf of another to perform specific actions such as the purchase of a property This is especially useful for clients that wish to close on their property without returning to Costa Rica d Survey Plan Cadastral Plan In order to transfer or acquire a property a survey must be recorded at the Public Registry with the municipality authorization The official drawing of the property is validated through an approval process at the Public Registry of Properties as well as at the municipality in which the property is located e Public Notary Attorney licensed by law A public notary is necessary in order to purchase a property He she will be in charge of drafting the appropriate transfer deed f Representatives If the buyer or seller will not attend the closing an individual with power of attorney to represent either or both parties will be required on the day of closing If the buyer seller or both are corporations a legal representative should be present to sign the deed and he she should have a legal document to justify his presence This document is granted by a Public Notary g Record of the transfer deed Upon the signature of the transfer deed the Public Notary takes the deed to the Public Registry The record process is made of two phases On phase one the notary turns the deed to the

    Original URL path: http://www.ticonet.co.cr/real-estate/buying-process.html (2015-06-03)
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  • TicoNET Real Estate - Real Estate FAQs
    the section on closing costs At your option the property can be purchased in an individual s name jointly with other persons or in the name of a corporation the decision as to ownership should be based upon your particular situation and after consultation with your attorney How can I ensure that I have clear title to the property Costa Rican law requires that all documents relating to an interest and or title to real property be registered in the property section of the Public Registry Article 460 of the Civil Code Most properties have a titled registration number known as the folio real and the records database can be searched with this number or by name index The Public Registry report informe registral provides detailed information on the property including the name of the title holder boundary lines tax appraisal liens mortgages recorded easements and other recorded instruments that would affect title Since Costa Rica follows the doctrine of first in time first in right recorded instruments presented to the Public Registry are given priority according to the date and time in which they are recorded Obviously every situation differs and in some cases a review of the Public Registry record will not be enough to uncover all encumbrances That is why it is important that the buyer have her or his own attorney conduct an independent title search and investigation rather than rely on the seller s attorney How about closing costs The general custom is for the buyer and seller to share equally in the closing costs this can be modified by agreement and usually depends upon the particular transaction Closing costs involve three things government taxes and fees notary fee and mortgage costs if any Government taxes and fees This includes a real estate transfer tax of 3 percent a registration fee of 0 5 percent and documentary stamps agrarian hospital municipal bar association national archive and fiscal stamps totaling approximately 0 55 percent Notary fees the notary who drafts the transfer deed is entitled by law to charge 1 50 percent of the first one million colones of the sales price and 1 25 percent on the balance Mortgage costs It is customary for the person who is receiving financing to pay the costs of drafting and registering the mortgage instrument A mortgage can be created simultaneously at the time of sale by adding a mortgage clause in the transfer deed Or a separate mortgage instrument can be drafted both have separate costs A mortgage within a transfer deed pays registration fees of 0 25 percent in registration fees and approximately 0 53 percent in documentary stamps The notary will also charge for drafting the mortgage instrument and that fee can range from approximately 0 525 percent to 1 25 percent of the amount of the mortgage depending on the circumstances involved The buyer should be aware that Costa Rican real estate transactions commonly operate on a two tiered system since Costa Rican properties have

    Original URL path: http://www.ticonet.co.cr/real-estate/faqs.html (2015-06-03)
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  • TicoNET Real Estate - Real Estate Readings
    real estate 2007 02 26 Punta Leona announces 34 suite condominium at beachfront resort 2007 02 19 Why they head south for retirement 2006 12 20 Stewart Title Honors President Oscar Arias Sanchez 2006 10 25 The Jack Parker Corporation introduces Pacifico in Costa Rica 2006 08 21 A home away from home 2006 04 28 Pursuit of land and pure life in Costa Rica is just getting started 2006 03 27 Costa Rica s allure unending Mountains jungles low costs 2006 03 19 The boomer real estate boom reaches Costa Rica 2006 02 21 The stock company in Costa Rica 2006 02 03 In a corner of Costa Rica a beachhead for luxury 2006 01 26 Development and application of trusts in Costa Rica 2005 10 28 A Second Home in 2005 07 30 More American retirees seek havens abroad 2005 05 02 Investing in Costa Rica PDF 2004 02 26 Americans find the good life in Costa Rica 2004 01 01 Garra de Leon Golf Course to bring environmental stewardship PDF 2003 03 22 Costa Rica Country report 2002 10 01 World Investment Report Winner Countries Costa Rica More PDFs 2002 03 22 Costa Rica s Central Valley s still top choice for most 2000 12 04 Investment in Costa Rica PDF 2000 12 03 Belen Costa Rica It s civilized and it s wild 2000 01 01 Costa Rica Business 1999 10 13 Costa Rica 1998 10 xx Costa Rica Investor Attitude Study 1998 03 06 Squatters Are One of Landowners Biggest Headaches 1998 03 06 Interested in Beach Land Know the Rules 1997 01 01 Costa Rica 1995 08 03 RE MAX International announces expansion into Central America 1995 03 17 Business Risks Opportunities in Costa Rica 1995 03 17 What to Expect when Investing in

    Original URL path: http://www.ticonet.co.cr/real-estate/readings.html (2015-06-03)
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  • TicoNET Real Estate - Real Estate Websites
    Featured Properties Fully Titled Beachfront Villa Home in Gated Community Ocean View Villa Furnished Home with Views prev next TicoNET Real Estate Costa Rica Real Estate Real Estate Websites Costa Rica Real Estate Listings organized by geographical regions FSBO Costa Rica Provides listings for residential and commercial properties Real Estate and More Real Estate Information Buying a Business in Costa Rica Buying Building Legal Tips Tricks and Traps Property Rights

    Original URL path: http://www.ticonet.co.cr/real-estate/websites.html (2015-06-03)
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  • TicoNET Real Estate - Costa Rica Properties
    Ciudad Colon San Jose Central Valley Type Land Price 75 000 Beds Baths Good Lot for a Home 1 000 sq mt 0 25 acre Ciudad Colon San Jose Central Valley Type Land Price 75 000 Beds Baths Bargain Nice Homesite 937 sq mt 0 23 acre Santa Ana San Jose Central Valley Type Land Price 95 000 Beds Baths Nice Lot w Lake Views Good Location 4 750 sq mt 1 17 acres Lake Arenal Guanacaste Northern Region Type Land Price 153 000 Beds Baths Excellent Residential Lot with Views 1 127 sq mt 0 28 acre Escazu San Jose Central Valley Type Land Price 163 000 Beds Baths Great Lot Great Views to Lake Volcano 5 432 sq mt 1 34 acres Lake Arenal Guanacaste Northern Region Type Home Price 169 000 Year 2000 Beds 3 Baths 2 Escazu Lovely Townhouse Great Location Escazu San Jose Central Valley Type Home Price 175 000 Year 2004 Beds 2 Baths 2 Nice Townhouse in Small Gated Community Santa Ana San Jose Central Valley Type Land Price 180 000 Beds Baths Lovely 1 Ha 2 5 acres Parcel with Great Views Puriscal San Jose Central Valley Type Land Price 187 000

    Original URL path: http://www.ticonet.co.cr/searchresults.php (2015-06-03)
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  • TicoNET Real Estate - Costa Rica Properties
    Lovely Townhouse Great Location Escazu San Jose Central Valley Type Home Price 175 000 Year 2004 Beds 2 Baths 2 Nice Townhouse in Small Gated Community Santa Ana San Jose Central Valley Type Home Price 195 000 Year 2007 Beds 2 Baths 1 Quaint Lake Arenal Home fully furnished Lake Arenal Guanacaste Northern Region Type Home Price 315 000 Year 2009 brand new Beds 3 Baths 3 Charming Detached Home Fine Gated Community Santa Ana San Jose Central Valley Type Home Price 320 000 Year 2009 Brand New Beds 3 Baths 3 Custom Built Single Family Detached Homes Santa Ana San Jose Central Valley Type Home Price 339 000 Year 2008 Beds 3 Baths 3 Great Home w Feng Shui Design Grecia Alajuela Central Valley Type Home Price 369 000 Year 2009 Beds 3 Baths 3 Gracious New Villa Pool Views GatedCommunity Atenas Alajuela Central Valley Type Home Price 560 000 Year 2007 Beds 3 Baths 3 Gorgeous Arenal Lakefront Villa fully furnished Lake Arenal Guanacaste Northern Region Type Home Price 590 000 Year 1995 Beds 4 Baths 2 Fine Residence w Pool near Golf Country Club Cariari Heredia Central Valley Type Home Price 650 000 Year 2007 Beds 4

    Original URL path: http://www.ticonet.co.cr/index.php?action=searchresults&pclass[]=1 (2015-06-03)
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  • TicoNET Real Estate - Costa Rica Properties
    currently 1 listing Viewing 1 1 Save Results Search Again 1 Previous 100 Next 100 Sort by Town Province Bedrooms Bathrooms Price Type Condo Price 320 000 Year 2008 Beds 2 Baths 2 Nice Ocean View Furnished Condos in Punta Leona Beach Resort Punta Leona Puntarenas Central Pacific Login Agent Signup Member Signup Real Estate and More Real Estate Information Buying a Business in Costa Rica Buying Building Legal Tips

    Original URL path: http://www.ticonet.co.cr/index.php?action=searchresults&pclass[]=2 (2015-06-03)
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