On this occasion, we are going to address in a brief manner a topic that tends to be somewhat technical in the Civil Law field. A property or real estate can be acquired in many different ways through Costa Rican law. Perhaps the ones that come to mind first are: […]
All posts tagged: Costa Rica Real Estate
An Expat Guide on How to Buy Property
So you’ve pulled up stakes, and you have packed your wagon and are headed to the tropics, as in Costa Rica? You’ve had every family member question your judgement and promise to visit. You are ready to buy your dream home in Paradise. With the help of a qualified lawyer, your […]
Using an Escrow Account in Costa Rica
An escrow account is essentially a pass-through third-party account, created for the purpose of a Real Estate purchase. It is meant to protect both the buyer and seller all parties in the transaction. Outlier Legal highly recommends using this service for your real estate purchase – here’s why: Example: […]
Moving to Costa Rica from the United States
It’s often been said that moving is one of the more stressful events in a person’s life. There are so many details to keep track of, deposits to be paid at new apartments (or loans to obtain if buying a house), and people to coordinate; it can feel overwhelming. Moving […]
Real Estate Markets During the Pandemic
If you’ve driven down 34 through Dominical over the past year, you may have noticed something. It seems this sleepy town has woken up. Many large new homes have cropped up, while others are in the process of being built, all vying for their view of Bahia Ballena. It seems [...]
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Due Diligence: Evaluation of Outstanding Debts and Liabilities
An important part of buying real estate is checking the status of outstanding debts on properties or businesses. Let’s start with the property. When checking a property title, you will find certain annotations that could raise a flag when it comes to debs, specifically when the property has […]
Due Diligence: Survey Review
What is a survey review? A survey review is the process through which the information found on the survey of a particular property is compared to the information found on the property’s title and in case there is no title, it is compared to the square meters that the […]
Due Diligence: Real Estate Title Information
If you have ever owned land, or if you are interested in buying property, you might be familiar with the idea of the “title” and “acquiring a clean title.” A title is a legal official document that includes the specifics of a property. Among the information contained you will find its […]
Due Diligence: Inspections and Appraisals
As we have previously mentioned, whenever you are looking to buy real estate, it is important to undergo a process that allows the buyer to review the property, providing them with the opportunity to identify potential issues or problems that could impact the purchase. This process is known as Due […]
Buying Property Series: Letter of Intent vs Purchase Agreement
Finding the place of your dreams is exciting and can lead to rushing into making a decision, like signing documentation without really understanding the scope of what we are agreeing to. We have previously referred to the importance of getting advice before signing any paperwork. This is advice that applies to […]
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