Buying Property in Costa Rica: A Step-by-Step Guide
Buying property in Costa Rica is an exciting opportunity, and many US citizens are curious about how they can purchase their dream home in this beautiful country. In this step-by-step guide, we’ll walk you through the process and answer all your questions about buying property in Costa Rica.
The great news? Foreigners have full property ownership rights in Costa Rica, with very few restrictions. However, many international buyers are not familiar with the process, which is why it’s important to break it down for you. As a result, I’m breaking it all down for you here to make it easier to understand.
If you’re also planning a move, you may want to read The Ultimate Relocation Guide to Costa Rica for more insight on lifestyle, residency, and what it’s like to live here full-time.
Step 1: Start Your Costa Rica Property Search
The first step is identifying what you want—location, budget, size, amenities, and whether this will be a full-time home, part-time retreat, or investment property. In fact, Costa Rica offers everything from luxury beachfront villas to serene mountain estates and off-grid escapes.
Once you’ve considered your preferences, I’ll help you narrow down the best areas based on your goals. Specifically, I focus on Guanacaste and the surrounding regions because I know these markets inside and out. Moreover, I specialize in helping expats find the perfect fit for their lifestyle and future.
Step 2: Making an Offer
Once you’ve found the right property, we’ll move forward with a verbal or written offer. Offers can be negotiated, and I’ll guide you through that process—what’s fair, what’s flexible, and what’s standard for the area.
Costa Rica doesn’t use a centralized MLS; therefore, having someone on the ground who knows how to evaluate comparable and seller motivation is essential. In addition, this local knowledge ensures you make informed decisions throughout the buying process.
Step 3: Due Diligence
After the offer is accepted, the due diligence process begins. This is where your real estate attorney plays a critical role—checking the title, verifying property taxes, zoning, access rights, and identifying any red flags.
If you haven’t yet read it, I highly recommend A Guide to Hiring a Real Estate Attorney in Costa Rica. It covers what to look for in an attorney and why this step is so important to protect your investment.
Step 4: Escrow and Deposit
Your deposit—typically 10% of the purchase price—is held in an escrow account through a SUGEF-registered escrow company. These firms are regulated by Costa Rica’s financial authority and provide protection for both buyers and sellers. We’ll also outline a purchase-sale agreement with clear timelines and contingencies while the attorney finalizes their legal checks.
Step 5: Closing the Deal
Once due diligence is complete and everything is in order, we’ll proceed to closing. Documents are signed in front of a Costa Rican notary public, who is also an attorney responsible for executing and registering the transfer.
At this point, you’ll pay:
- Transfer tax (1.5% of the registered value)
- Legal and closing fees (usually 2.5–3.5%)
I’ll help coordinate with your attorney, escrow agent, and the seller’s side to make sure everything runs smoothly.
Step 6: After the Sale
After closing, your attorney will register the title in your name or legal entity with the National Registry. From there, I’ll assist you with:
- Setting up utilities and services in your name
- Connecting you to trusted property managers if needed
- Exploring rental or investment options based on your goals
FAQs
Can foreigners buy property in Costa Rica?
Yes! Foreigners have the same property ownership rights as locals in most cases, including titled beachfront, homes, and land.
Do I need a lawyer to buy property in Costa Rica?
Absolutely. A real estate attorney ensures the title is clear, verifies property conditions, and oversees the closing process. Learn more in this legal guide.
How long does the closing process take?
Typically 30 to 60 days from offer acceptance, depending on the due diligence timeline and escrow conditions.
Final Thoughts
Buying property in Costa Rica doesn’t have to be complicated—but it does require the right support. That’s what I’m here for. I’m Gina Briguglio, a local expert with Costa Rica Real Estate CR, and I’ve helped buyers from all over the world purchase homes, income properties, and dream getaways in this beautiful country.
If you’re considering buying, relocating, or just want to understand your options, I’d love to connect and help guide you personally.
Let’s talk about your vision, and I’ll help you take the next step, confidently and clearly.