Blue Zone Realty International Buyer / Seller Guide Costa Rica

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BUYER'S & SELLER'S GUIDE

Welcome by Tim Fenton

Dear Friends,

I’m thrilled to introduce Blue Zone Realty International’s new Buyers and Sellers Guide to Costa Rica, your comprehensive resource for navigating the exciting real estate opportunities in this incredible country. Whether you’re looking to buy your dream home, invest in a vacation property, or sell your current residence, this guide is designed to offer insights and clarity every step of the way.

At Blue Zone Realty International, we specialize in the Costa Ballena region, also known as the Southern Pacific Zone - a truly magical part of Costa Rica where the mountains meet the sea. With our deep local expertise and global reach, we’re here to ensure that your buying or selling experience is seamless, enjoyable, and successful. We are passionate about helping you find your perfect slice of paradise, and we look forward to being your trusted partner in this exciting journey.

Warm regards,

Tim Fenton President, Blue Zone Realty International

With

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• Construction Management

• Interior Design

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Uvita Urgent Care has been open for over 3 years and is part of a healthcare network called Medired Costa Rica, which has more than 20 years of experience, having clinics in the North, Central, and South Pacific regions.

They offer 24/7 medical care with excellence and quality to locals, residents, and tourists, they also count with a bilingual and highly trained medical team. They provide services such as radiology, laboratory, and pharmacy, that enable a fast and accurate diagnoses. Additionally, we offer both ambulance and helicopter for transfers to specialized hospitals, according to the patient’s needs.

Uvita Urgent Care is more than just an emergency clinic; it is a comprehensive medical center that provides peace of mind and security to those who need it.

TIM FENTON

Associate Broker

Meet the Team

Blue Zone Realty International is the premier real estate agency specializing in the vibrant Southern Pacific Zone of Costa Rica. Our commitment to excellence and personalized service has positioned us as a leader in the industry, catering to both buyers and sellers with unmatched dedication.

We believe in the transformative power of service. Our commitment to personalized care, meticulous marketing, and unparalleled expertise distinguishes us as the ultimate choice for real estate in the southern pacific zone of Costa Rica. Experience the difference with Blue Zone Realty International and embark on a journey to discover your dream property.

JANET CHANTRY

Associate Broker

BEN RUTHERFORD

Associate Broker

MELISSA KLASSEN Senior Sales Consultant

Senior Sales Consultant

JULIA MAXWELL

Senior Sales Consultant

Senior Sales Consultant

Senior Sales Consultant

IAN LYNCH

LUIS

CISNEROS

Senior Sales Consultant

KADY CHACON

ZOE WRIGHT

TREVOR GILLI

ISAAC GONZALEZ

KRIS ANDERSON

KASIE FADDAH

ANDRE CHACON

FABIOLA MONTOYA

AARON UGALDE

DAVID OROZCO

DIEGO MOYA

PABLO RAMIREZ

Costa Rican Attorneys at Law and Notaries Public Focused on Real Estate, Committed to You

Your trusted legal partner in COSTA RICA. We specialize in commercial and residential real estate law and notary services, with extensive experience in property transactions throughout the region, from Osa (Dominical, Uvita, Ojochal) to Quepos (Manuel Antonio, Matapalo, Savegre) and Perez Zeledón (Rivas, Canán, San Isidro). Be assured that no matter how complex your needs, Herrera & Associates has a thorough and professional approach to ensure the best possible outcome for your case.

Why Costa Rica and Why are People Choosing the Southern Zone?

Costa Rica offers more than just beautiful landscapes; it delivers an elevated lifestyle and sound investment opportunities. The country has become a magnet for individuals seeking both personal fulfillment and financial growth. With political stability, a commitment to sustainability, accessible healthcare, and favorable tax structures, Costa Rica checks the boxes for both lifestyle buyers and smart investors.

The Southern Zone, encompassing areas like Uvita, Ojochal, and Dominical, represents one of the most sought-after regions within Costa Rica. Here, you’ll find breathtaking natural beauty, with a unique combination of ocean, river, and mountain views. Unlike more developed regions, the Southern Zone offers a sense of privacy and tranquility, attracting those who value exclusivity and authenticity.

What truly sets the Southern Zone apart is its growth potential. This area appeals to buyers looking to secure large properties or develop vacation homes, as well as entrepreneurs interested in boutique hospitality ventures. As more people recognize the unique value this region offers - both as a destination and a long-term investment - the market here is steadily gaining momentum. Buyers who act now are positioning themselves ahead of future demand.

Simply put, the Southern Zone represents an unparalleled opportunity: a chance to live more intentionally while securing a smart investment in a growing market.

Why Choosing a Dedicated Buyer's Agent

Maximizes Your Success

From both the buyer’s and seller’s perspective, working with a single, dedicated agent ensures alignment, clarity, and a smoother experience. Real estate transactions are complex - having one professional guide you from start to finish is essential for maximizing value and minimizing headaches.

As a buyer, having one agent means having someone fully aligned with your goals. A good agent isn’t just going to show you properties… they’re going to understand your lifestyle, investment objectives, and long-term plans. They’ll leverage their local knowledge, give you access to off-market opportunities, and negotiate aggressively on your behalf. Working with multiple agents can lead to missed opportunities and duplicate efforts - no one agent will be fully invested in your success.

A buyer’s agent has relationships with local sellers, builders, and other professionals, which can make a huge difference in your search. They’ll guide you through due diligence, financing, and every other step, so you’re protected and can focus on making the right decision. In a market like the Southern Zone, where opportunities move quickly, having one trusted agent in your corner gives you a competitive edge.

Whether you’re buying or selling, real estate is all about relationships. Choosing one dedicated agent ensures you get personalized attention, expert strategy, and the best possible outcome, because in this business, the best deals come from trust and alignment.

Important Buyer Questions

Buying a property is a big decision, and having the right information upfront makes all the difference. The questions below are a great starting point, they not only guide you as a buyer but also help us, your agents, understand the type of property you’re looking for and which regulations or restrictions we should monitor on your behalf. Whether your goal is a personal retreat or a savvy investment, asking the right questions ensures we can align our strategy and deliver the best options.

1. What specific features are you looking for in you ideal home?

2. Do you plan to live here full time? Is this home for personal use only, or do you consider it an investment or rental property?

3. Can you tell me more about your lifestyle and how it might influence your preferences for property?

4. What are some must-have amenities you would like to have nearby? What are your top priorities when it comes to the location of the property?

5. What are your long-term plans or goals that we should consider in finding the right property for you?

Important First Steps When Starting Your Property Search

When considering buying a property in Costa Rica, it's essential to determine the primary criteria for your property search to ensure a smooth and informed process. Here are the top 3 things to consider when starting your property search:

1. Scheduling a call to speak with a Blue Zone Consultant: This is an Important first step because they have extensive insight into each community in the area and will share important factors to consider when selecting the ideal location for your investment. Additionally, they will be able to answer all your preliminary questions about purchasing and living in Costa Rica.

2. Research Neighborhoods and Consider Lifestyle Preferences: Consider factors such as climate and elevatation, proximity to schools and medical services, access to amenities and local activities.

3. Establish Your Budget: Your Blue Zone consultant will be able to assist you in understanding the current market and how certain aspects of a property can effect the value and help you determine what you can expect to find in a property given your ideal price range. It is also important to include the costs associated with your acquisition of a property. If you’ll need financing, your consultant can educate you on the options of seller financing and mortgage options in Costa Rica.

Offer Process

You’ve finally found your dream property with the help of your Realtor®, and you're ready to make an offer! What are the important next steps to consider?

Here are 5 key things to keep in mind after your offer is accepted and you enter the Due Diligence phase.

1. Sales and Purchase Agreement (SPA)

Once your offer is accepted, your attorney will take over and draft the SPA (Sales and Purchase Agreement). Once this document is signed by both parties, two things happen:

◦ You will have 10 days to deposit the initial payment (typically 10% of the agreed price) into an escrow account.

◦ The property will be officially under contract and taken off the market.

2. Budget

What costs are involved in Due Diligence? Opening an escrow account is one of the initial expenses, with an estimated cost of around $1,000. This account will play a crucial role in the transaction, as it safely handles your funds and as they are transfered from your country to Costa Rica.

3. Studies

The specific studies required during Due Diligence will depend on your property, and your Blue Zone Realty International agent will guide you through these details.

◦ For land: If you’re planning to build, a soil test is essential to assess the land's stability and determine foundation requirements. An infiltration test is also necessary to evaluate how water is absorbed into the soil, which impacts the design of septic systems. Soil tests generally cost around $900, though this may vary depending on the number of samples required.

◦ For all properties: A survey study ensures the legal boundaries and dimensions of the property align with what was advertised. For a property up to 2 acres, the cost is typically under $1,000, but larger parcels may incur additional fees depending on the need to document features like rivers or water bodies that may affect building locations.

◦ For homes: It’s suggested to have a home inspection to identify any potential maintenance issues. This is necessary even for new construction. A home inspection typically costs around $1,000 for homes under 3,000 sq. ft., though prices can vary based on the size and condition of the home.

4. Title Search and Legal Checks

Your attorney will conduct a title search to ensure there are no liens on the property and confirm that water and electricity services are available. They will also verify that all taxes and utility bills are up-to-date before transferring the title to your name or a corporation.

Closing costs are typically 4% of the final sales price, and it is paid by the buyer.

5. Time Frame

From making an offer to closing on a property in Costa Rica usually takes about 45 days, though this can vary. You might offer a quicker closing to strengthen your offer, depending on your attorney's availability. Delays may also occur around holidays such as Holy Week and Christmas when many offices, including the National Registry, escrow services, and law firms, close for up to 20 days.

Upon signing the SPA, you have 10 DAYS to make the initial deposit, and the Due Diligence period typically lasts 30 DAYS. After accepting the Due Diligence findings, the deposit becomes non-refundable, and the closing date is set for approximately 10 days later. This gives you enough time to transfer the balance of funds required for closing.

Building Process Overview

The Role of Builders

Working closely with an architect, a skilled builder understands the unique challenges of constructing in Costa Rica. They can navigate local building codes and regulations, reducing the risk of costly delays. This collaboration ensures that your project is executed efficiently and sustainability, ultimately saving you time and money. Have a contract drafted laying out the expectations of each party. Target dates, budget, a payment schedule based on completion of the various stages, and what is included in the price. Often a builder will have contacts for your kitchen cabinets and other trades people that supply products that are not included in the build. This can save you from grief or misunderstandings later.

The Benefits of Hiring an Architect for Your Home in Costa Rica

Building or renovating a home is an exciting journey, and one of the most crucial decisions is hiring an architect. While some may view this as an added expense, the advantages of working with a trained professional far outweigh the costs.

Design Expertise

The primary benefit of hiring an architect is their design expertise. Architects understand design principles, spatial relationships, and construction methods. They excel at asking the right questions and thinking creatively to tailor solutions to your vision. By sharing your list of wants and needs, you can collaborate to create a design that reflects your style and meets practical requirements.

Environmental Considerations

A great architect will consider essential factors for creating a sustainable home, such as local climate, topography, and views. In Costa Rica, these elements significantly impact your home’s design and functionality. Architects can optimize natural ventilation and sunlight, reducing reliance on artificial heating and cooling, while ensuring the use of suitable materials for durability in the local environment.

Collaboration and Communication

An architect serves as a collaborator throughout your project. Communicating your intentions during the interview stage is vital, as this helps ensure that the architect shares your vision. A strong partnership can lead to a more fulfilling experience.

Long-Term Investment

While hiring an architect may seem like an upfront cost, it is a valuable investment. A well-designed home not only enhances your daily life but can also increase resale value. Homes that thoughtfully utilize their surroundings often attract buyers willing to pay a premium.

The Importanance of Using an Escrow Company in Costa Rica

Safeguarding Your Investment

Costa Rica is a vibrant country renowned for its rich culture, stunning landscapes, and warm-hearted people. Whether you’re considering a getaway to this "happiest place on Earth" or contemplating making it your permanent home, the experience can be both exhilarating and complex. As you navigate the intricacies of purchasing property in this tropical paradise, understanding the role of an escrow company is crucial to ensuring a smooth and secure transaction.

Let’s delve into the essential details you need to know to successfully close your deal and protect your investment.

Understanding the Escrow Process

Once you have found the property of your dreams and entered into a contract, the next step is to establish an escrow account. This account acts as a neutral holding place for your deposit and, eventually, the remaining balance due at closing. At this stage, the escrow company will require you to provide “proof of funds.”

While it may feel intrusive to share sensitive financial documents—such as bank statements, tax returns, and investment details—understanding the rationale behind these requirements can help ease your anxiety. The Costa Rican government mandates these measures to ensure that the money being transferred for your property purchase is not derived from illicit sources. This verification process is crucial for maintaining the integrity of the real estate market and protecting all parties involved in the transaction.

Rest assured, your information will be held confidentially and will only be shared with the bank handling the funds transfer. Once your documents have been reviewed and approved, the escrow company will provide you with instructions to wire the funds. It’s as straightforward as that.

Other Uses for an Escrow Account

Beyond safeguarding your property transaction, an escrow account in Costa Rica can serve additional purposes. For example, if you haven’t yet established a local bank account, an escrow account can function similarly to a bank account, allowing you to manage funds more conveniently. Though fees may be higher than those associated with a traditional bank account, this service can alleviate stress, especially during the transitional period of moving to a new country.

You can utilize your escrow account for various transactions, such as making payments to a builder for home renovations or even paying utility bills. However, it’s essential to remember that all funds deposited into the escrow account must be preceded by “proof of funds.”

Therefore, it’s wise to budget for any future expenses you anticipate and to provide the necessary documentation in advance.

Now that you have a clearer understanding of how the escrow process works, you’re one step closer to finding your dream property in Costa Rica!

Why Escrow is Crucial for Property Transactions

The use of an escrow company in property transactions is more than just a formality; it serves several vital purposes that ultimately protect your investment. Here are some key reasons why engaging an escrow service is essential:

1. Security Against Fraud

In today’s digital age, fraud can occur in many forms, even in real estate transactions. Using an escrow company helps mitigate the risk of fraud. By holding your funds until all contractual obligations are met, the escrow service ensures that the seller does not receive the payment until the property is signed over at closing. This process adds an extra layer of security for both buyers and sellers.

2. Neutral Third Party

The escrow company acts as a neutral third party in the transaction, ensuring that both parties adhere to the terms of the contract. This impartiality is crucial in fostering trust between buyers and sellers, as both can be assured that their interests are protected. Escrow does not act to resolve any issues.

3. Streamlined Process

Escrow companies are experienced in handling real estate transactions and can streamline the entire process. They manage the paperwork, deadlines, and communications between parties, making the buying experience less daunting. With their expertise, you can focus on enjoying your new property rather than getting bogged down in the details.

4. Compliance with Local Laws

Costa Rica has specific laws and regulations governing real estate transactions. Engaging an escrow company ensures compliance with these legal requirements, including anti-money laundering regulations. This compliance not only protects your investment but also helps you avoid potential legal complications down the line.

5. Confidentiality

While providing financial documents may feel invasive, escrow companies are bound by strict confidentiality agreements. Your personal and financial information will be protected, ensuring that only authorized individuals involved in the transaction have access to it. Knowing that your data is secure can help ease your concerns about sharing sensitive information.

Conclusion: Embracing the Process

As you embark on your journey to acquire a property in beautiful Costa Rica, understanding the role of an escrow company is paramount. While the initial requirement to submit financial documentation may feel overwhelming, recognizing the safeguards in place can help alleviate your anxiety.

With an escrow account, you not only secure your investment but also benefit from the convenience and expertise that come with using a professional service. This structure allows you to navigate your purchase confidently, ensuring that your dream of living in paradise becomes a reality.

By embracing the escrow process and its requirements, you’re taking proactive steps to protect your investment and enjoy the unique experience that Costa Rica has to offer. Now that you’re informed and ready, let’s embark on the exciting adventure of finding your perfect home in this stunning country!

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Financing Options for Buying

Real Estate in Costa Rica

When purchasing real estate in Costa Rica, understanding your financing options is crucial. While cash purchases dominate the market, there are alternatives you may feel you need to consider.

Limited Mortgage Options

In Costa Rica, the availability of mortgage financing is limited. Few institutions offer mortgages to foreign buyers, and these options can change frequently or be variable rate mortgages. Therefore, it’s essential to consult with real estate professionals to explore your financing alternatives. While obtaining a mortgage is possible, be prepared for stricter terms compared to other countries, and you will still need to supply proof that you can pay the loan back.

Cash Purchases Are Common

For many buyers, especially foreign investors, being a cash buyer is the most straightforward approach. The majority of real estate transactions in Costa Rica are completed with cash, providing a significant advantage in negotiations. Cash buyers often have better leverage, which can lead to more favorable purchase terms and prices.

Bridge Loans and Owner Financing

If you need immediate funds but don't want to cash in investments, consider a bridge loan. In some cases, sellers may offer a small portion of owner financing to facilitate the sale. However, be cautious, as this option can impact your financial strategy. Engaging in owner financing means:

1. Loss of Negotiation Power: Offering

financing can reduce your leverage, potentially costing you thousands off the asking price.

2. Additional Costs: As the buyer, you are responsible for the costs associated with setting up the mortgage, and these are often short-term mortgages - one or two years.

3. Interest Payments:

You will incur interest over the term of the loan, which could offset any savings you hoped to achieve by avoiding cashing in investments.

Ultimately, while financing options exist, cash remains king in Costa Rica. The age-old saying, "Money talks," rings true, as cash buyers often enjoy greater negotiating power and can secure better deals in the long run. Always consult with professionals to ensure you’re making informed decisions about your financing options.

When it is Time to Prepare For Closing!

The due diligence period has been successfully completed and you are ready to close on your property in Costa Rica! When preparing for closing your local attorney will draft a breakdown of the costs associated with the purchase, this will include the closing costs (notary fee, transfer taxes and municipal stamps), costs associated with your corporation (if one was established), as well as additional legal fees and fees associated with the due diligence studies you may have completed. Following approval of the closing breakdown, you will transfer the remaining funds for the purchase into escrow. Once the funds are received into escrow, your local attorney will schedule a day and time for closing. At closing the formal transfer of deed will be signed by both parties, which will signal that you are a new owner of a slice of paradise! You may be wondering, what if I am unable to travel down for the closing? Good news, you do not need to be physically present for the closing! If you established a corporation for the property, it is very easy for your local attorney to register a limited Power of Attorney for the specific act of signing the closing documents. If you are purchasing a property in your physical name, it is important to speak with an attorney when you are in Costa Rica to register the POA ahead of time.

Why is it Important to Have Home Insurance?

Home insurance in Costa Rica is an essential consideration for homeowners. As the country continues to attract international residents and investors, understanding the nuances of home insurance becomes increasingly important for protecting your property.

Coverage Options

In Costa Rica, home insurance policies typically cover the structure of the home, personal belongings, and liability for injuries occurring on the property. Standard policies often protect against risks like fire, theft, vandalism, and natural disasters such as earthquakes and floods, which are particularly relevant given the country's geological activity and tropical climate.

Importance of Local Knowledge

Working with local insurance providers is crucial, as they understand the unique risks associated with different regions of Costa Rica. Factors such as proximity to the ocean, elevation, and local weather patterns can significantly influence insurance needs and costs. Homeowners should seek advise from local experts to tailor their policies accordingly.

Cost Considerations

The cost of home insurance in Costa Rica can vary widely depending on the property's location, size, and value. Generally, premiums are relatively affordable compared to other countries. However, it's essential to compare quotes from multiple providers and carefully read policy details to ensure adequate coverage.

Legal Requirements

While home insurance is not legally mandated in Costa Rica, it is highly recommended. Many mortgage lenders will require insurance before approving a loan, making it a critical aspect of property investment.

Conclusion

In summary, home insurance in Costa Rica is vital for protecting your investment and providing peace of mind. By understanding coverage options and working with local professionals, homeowners can safeguard their properties against unexpected events while enjoying the beauty of this vibrant country.

Important Considerations

After Acquiring Property in Costa Rica

Acquiring your first property in Costa Rica is an exciting milestone, but it also comes with responsibilities and considerations to ensure a smooth transition into ownership. This guide outlines key areas to focus on after closing, including property management, residency options, home insurance, healthcare, the importance of hiring an accountant, and the role of an attorney.

Property Management

Owning property in Costa Rica, with its stunning beaches and lush landscapes, brings unique responsibilities. The proximity to the ocean and seasonal rainfall create conditions that may be challenging, particularly for those unfamiliar with tropical environments.

Properties in coastal areas require specialized maintenance to combat humidity, saltwater, and other elements. Without proper care, you risk facing issues such as corrosion, mold, and weather damage. Regular upkeep is crucial to protecting the long-term value of your investment. If planning to be a part time resident, engaging a reliable property management team ensures that maintenance tasks are handled efficiently, allowing you to focus on enjoying your new home.

Residency Options

If you plan to stay in Costa Rica for an extended period or wish to benefit from being a resident, there are several residency options available:

Pensionado Residency

Designed for retirees, this option allows individuals to enjoy the scenic beauty of Costa Rica.

◦ Applicants must demonstrate a minimum monthly income of $1,000 from a verified pension or retirement fund.

◦ An annual visit to Costa Rica is required.

◦ Applicants can include their spouse and dependents under 18.

◦ Pensionados cannot work as employees but can own a business and receive dividends.

Rentista Residency

Ideal for individuals who can prove a steady income from a foreign source.

◦ Applicants must show a minimum monthly income of $2,500 for at least two years, certified by a banking institution, or maintain a deposit of $60,000 in an approved Costa Rican bank.

◦ An annual visit is mandatory.

◦ Rentistas cannot work as employees but can own businesses and receive dividends.

Investor Residency

A popular option for foreign investors looking to establish a business or invest in real estate in Costa Rica.

◦ Applicants must invest at least $150,000 in a business or property.

◦ They must visit Costa Rica at least once a year.

◦ Investors can own companies, receive dividends, and include their spouse and dependents under 18.

Residency by Having a Baby

If you have a child born in Costa Rica, you can qualify for residency.

◦ This applies to both parents, who can obtain residency under this category.

◦ There is no investment or income requirement for this option.

◦ You will be required to visit Costa Rica annually.

Residency by Marriage to a Costa Rican

Marrying a Costa Rican citizen grants eligibility for residency.

◦ You must prove the validity of the marriage and live in Costa Rica for a specific period.

◦ Once granted, this residency requires regular visits or residence in the country to maintain the status.

Home Insurance

Securing home insurance is vital for property owners in Costa Rica, whether residents or foreign investors. The unique climate and potential natural disasters necessitate adequate insurance coverage to protect your investment.

◦ Protection Against Natural Disasters: Costa Rica’s diverse landscapes pose risks such as earthquakes, floods, and landslides. Home insurance provides financial protection against damages from these events, ensuring you are not left to bear the costs of repairs alone.

◦ Coverage for Theft and Vandalism: Property crimes can occur anywhere, including Costa Rica. Home insurance often covers losses due to theft, vandalism, or other criminal acts, giving you peace of mind that your belongings are covered.

◦ Liability Protection: Home insurance typically includes liability coverage, protecting you if accidents occur on your property. If a visitor is injured or their property is damaged while on your premises, your insurance can help cover legal fees and medical expenses.

◦ Compliance with Local Requirements: Having home insurance may be a requirement set by lenders or local regulations, ensuring adequate protection for properties and safeguarding financial interests.

Healthcare

Costa Rica is known for its high-quality healthcare system, often regarded as one of the best in Latin America. Understanding healthcare options is essential for residents and expatriates to ensure access to quality medical services.

◦ Universal Health Care System: The "Caja" Costarricense de Seguro Social (CCSS) provides coverage to all citizens and legal residents, ensuring essential medical services are accessible regardless of income.

◦ Quality of Care: The standard of healthcare is generally high, with many hospitals and clinics meeting international standards. Medical professionals are often trained abroad and familiar with advanced practices, with many facilities offering services in English.

◦ Affordability of Services: Healthcare costs in Costa Rica are typically lower than in many countries, including the U.S., making it an attractive option for managing health care expenses.

◦ Access to Private Health Care: Costa Rica also has a robust private healthcare sector, offering services from specialized care to elective procedures with shorter wait times.

◦ Preventive Care Focus: The healthcare system emphasizes preventive care, promoting regular checkups and vaccinations to identify health issues before they escalate.

The Importance of Hiring an Accountant

Engaging an accountant is essential when purchasing property in Costa Rica to navigate the financial and regulatory landscape effectively. Here are key reasons to consider hiring an accountant:

◦ Navigating the Property Registry: An accountant can assist with registering your property with the Public Registry (Registro Nacional), ensuring all documents are correctly prepared and submitted.

◦

Annual Corporate Filings: If you purchase property through a corporation, your accountant can help manage annual filings, such as shareholder meetings and maintaining a shareholder registry.

◦ Tax Declarations: Property owners must file annual tax declarations, including property taxes and income tax if generating rental income. An accountant can guide you through this process, ensuring compliance.

◦ Understanding Local Regulations: An accountant familiar with local laws can provide insights and advice, helping you avoid costly mistakes and keeping you updated on changes in legislation.

◦ Bookkeeping and Record Maintenance: Maintaining proper financial records is vital, and an accountant can manage bookkeeping tasks related to your property.

The Role of an Attorney/Notary

Engaging an experienced attorney when purchasing property in Costa Rica is crucial for ensuring a secure transaction. An attorney can provide valuable legal expertise, conduct due diligence by verifying property titles, and draft or review contracts to protect your interests.

An attorney also facilitates the closing process, advises on tax implications, and helps navigate corporate requirements, including maintaining shareholder registries. In case of disputes, legal representation is essential for safeguarding your rights and resolving conflicts effectively. Ultimately, an attorney is a vital partner in navigating the complexities of property ownership in Costa Rica, ensuring compliance and protecting your investment.

Key Design Aspects

To Consider When Building in Costa Rica

Purchasing property in this beautiful country is an exciting opportunity, but it’s essential to consider several factors that can significantly impact your experience as a homeowner. From landscape design and water management to wildlife safety, indoor-outdoor living, and furnishing options, each aspect plays a crucial role in ensuring your investment aligns with your lifestyle and values. Here’s what to keep in mind while searching for the perfect property.

Landscape Design

When evaluating potential properties, pay close attention to landscape design. The lush tropical environment offers both opportunities and challenges. Look for homes that incorporate native plants, such as Guanacaste trees and bromeliads. These plants thrive in the local climate and support local wildlife. Sustainable landscaping practices, like xeriscaping, can help minimize water usage. Additionally, consider outdoor areas with terraces, decks, or gardens that enhance both aesthetic appeal and functionality. If the property is on a slope, inquire about erosion control methods to maintain the beauty of your investment.

Water Management

Effective water management is critical for property ownership, especially in regions prone to heavy rainfall. Investigate how the property handles stormwater runoff. Look for effective drainage systems, such as swales or rain gardens, that can help mitigate flooding. Installing a rainwater harvesting system allows you to collect rainwater for irrigation or household needs, significantly reducing your water bill. Properties with efficient irrigation systems, like drip irrigation, conserve water and are beneficial for maintaining gardens. Regular water quality testing is essential, especially if you rely on well water, so ensure that necessary purification systems are in place.

Wildlife Safety

This region is renowned for its rich biodiversity, making wildlife safety an important consideration. Look for homes designed to minimize conflicts with local wildlife. Properties that preserve natural habitats and include wildlife-friendly fencing contribute to both safety and ecosystem health. Familiarize yourself with local fauna, such as monkeys and sloths, and assess potential wildlife interactions. Adopt eco-friendly pest management practices to protect your home and the environment. If your property is in a community, inquire about wildlife protection guidelines to ensure a harmonious coexistence.

Indoor-Outdoor Living

The ideal climate allows for a lifestyle that embraces indoor-outdoor living. Look for homes with open floor plans, large windows, and sliding glass doors that connect indoor spaces with outdoor areas. Properties with inviting patios, balconies, or gardens should be easily accessible and promote relaxation and entertainment. Consider features like large windows to maximize natural light, creating a warm ambiance. Outdoor kitchens or barbecue areas can elevate your entertaining experience, allowing you to enjoy alfresco dining while taking in the beautiful surroundings.

Furnishing Options

While touring properties, think about the available furnishing options. The right furnishings can significantly impact your comfort and enjoyment. Look for materials that are suitable for the humid climate, such as weatherresistant woods and durable, mold-resistant fabrics. Explore local artisans for unique furnishings that reflect the culture and aesthetic of the area, adding a personal touch to your home. Sustainable brands that prioritize environmentally friendly materials align with your values as a homeowner. Lastly, consider storage solutions for outdoor gear, ensuring a clutter-free living space.

Education Options

In the Costa Ballena Region

With the growth of the Costa Ballena region over the years the need for schooling options has grown as well. Many families from all over the world now call this area home. With this increased need, we have seen the establishment of several private school options in the area. Offering a variety of curriculums and accreditation options, the Costa Ballena has a variety of schooling options for families to choose from.

Public School

Each community in the Costa Ballena has its own public school. The education offerings through the public system are free of charge, even to international students. Individualized student assistance support is also an integral part of the public system. Proficiency in Spanish is necessary and there is typically one class taught specifically for learning English. The public school system is accredited with MEP (Ministero de Educacion Publica) and students will graduate with a Costa Rican Bachillerato Diploma.

Gania Woldorf ganiawaldorf.com

Located in the scenic Diamante Valley in the southern zone of Costa Rica, Gania Waldorf Education offers a nature-inspired learning environment. Offering classes for ages 2 to 12 years old.

Casa de Ninos uvitamontessorischool.org

Casa del Niño aims to provide high-quality, bilingual (Spanish and English environment), comprehensive education that fosters your child’s love of learning and addresses the whole child academically, emotionally, and socially. Offering classes from 18 months to 9 years old.

Trebol Montessori

trebolmontessori.com

Trébol Montessori is a bilingual education center in the heart of the Ballena Coast of Costa Rica, they are an international bilingual team, with great training and international experience, and most importantly a team with PASSION. Offering classes from 3 to 12 years old.

Uvita Christian Academy (UCA)

uvitachristianacademy.org

UCA is an Interntaional School and the perfect place for families who want their children to receive an excellent bilingual education while living or traveling overseas. UCA is also perfect for Spanish-speaking families who want a new world to open to their children – a world where English speakers become their friends! UCA provides a Christian education for families who are committed to their faith, and is also strongly committed to teaching about environmental and sustainability issues. Offering programs from Day Care age to High School.

Escuela Verde Costa Ballena

www.centroeducativocostaballena.org

Centro Educativo Costa Ballena is a school whose mission is to nurture the academic, social, and personal development of every student in our multicultural community, to provide bilingual education, and to inspire each student to respect and be good stewards of the natural environment. Offering Pre-K to High School. Accrditation through MEP Costa Rica.

Journey

www.journeyschoolofcostarica.com

Where education is more than just academics. It is a journey of delight, kindness, and discovery within a vibrant international community. With an unwavering spirit of joy and adventure,families are invited to explore what makes Journey a unique and nurturing environment for students aged 2 to 18. Accreditation through MEP in Costa Rica, Cognia in the USA, and IB internationally (International Baccalaureate).

Life Project Education

www.lifeprojecteducation.org

Established in 2015, Life Project Education is a cocreative, community-based education center that empowers children, families, and educators to connect with their deeper humanity through transformational learning experiences that honor both the intellect and the intuitive spirit. Offering classes from 3 to 15 years old.

Jungle Academy

www.jungleacademy.org

Jungle Academy is a learning community for local students and world schoolers. It is where students can connect with each other in the beautiful jungle surroundings of Ojochal, on the Pacific coast of Costa Rica. It is where young minds can engage in a wide array of specialist subjects and enriching experiences supported by passionate educators and guardians. Offering classes from 9 years and up. Acceditation through International Certificates in General Education (IGCSEs) through Cambridge International.

How to Enjoy Your New Life in Costa Rica

Embrace Your New Community

Moving to a new country can be both exhilarating and daunting, especially if you’re leaving behind familiar faces and routines. As a foreign buyer settling in Costa Rica, you’ll find a wealth of opportunities to build connections, engage with the community, and embrace the vibrant culture of this stunning Central American paradise.

Connect with the Ticos

Costa Ricans, affectionately known as “Ticos,” are renowned for their warmth and hospitality. They are often cited as some of the happiest people on the planet, making it easier for newcomers to feel welcome. A simple way to integrate into your new community is to greet your neighbors with a friendly “¡Buenos días!” A warm smile and a wave can go a long way in fostering friendships.

Volunteer Opportunities

Volunteering is a fulfilling way to meet like-minded individuals while giving back to your new home. Many organizations seek volunteers, and this can be a great way to connect with others. Consider dedicating your time to local animal sanctuaries, which often need help caring for rescued animals. Not only will you be making a positive impact, but you’ll also find a community of animal lovers who share your passion.

Community Initiatives

Engaging in community initiatives is another excellent way to get involved. From beach cleanups to fundraising events, there are countless opportunities to contribute. Social media platforms, particularly local Facebook groups, serve as great resources for discovering events and activities in the area. You’ll find announcements for everything from baby turtle releases at the beach to the opening of new restaurants. Participating in these activities allows you to meet fellow residents while enjoying the beautiful Costa Rican environment.

Explore Your Hobbies

If you have hobbies or interests you’d like to continue, Costa Rica is likely to have individuals or groups centered around them. Whether you enjoy hiking, yoga, painting, or cooking, you can find classes or workshops.

Join Local Clubs and Classes

Another avenue for building connections is by taking classes. Don’t know Spanish yet? Language classes, cooking lessons, or art workshops not only provide a chance to learn something new but also foster camaraderie among participants. It’s an excellent opportunity to meet others who share similar interests.

Engage Through Social Media

Leverage social media to stay informed and connected. Local Facebook groups are a treasure trove of information about events, community activities, and social gatherings. You can easily find out about fundraisers, cultural festivals, community meetups, and local Farmers Market locations and dates. Engaging in these platforms allows you to feel more connected and informed about your new surroundings.

Host or Attend Social Gatherings

Finally, consider hosting informal gatherings at your home. Invite neighbors over for a sunset drink or a casual barbecue. This can be an easy way to break the ice and build friendships in a relaxed setting.

Transitioning to life in Costa Rica can be a joyful adventure filled with opportunities for connection and growth. By engaging in volunteer activities, participating in community initiatives, exploring your hobbies, and embracing the friendly Tico culture, you’ll not only find a sense of belonging but also enhance your new life in this beautiful country. With an open heart and a willingness to connect, you’ll soon find your place in the vibrant Costa Rican lifestyle.

My Buyers Notes

© Arcadia Publishing Ltd - 4202-50 - www.arcadiapublishingltd.com - info@arcadiapublishingltd.com

Please note that all advertisements are placed independently of the Venue; the Venue cannot accept responsibility for any dispute or otherwise between Venue patrons and the advertisers.

Awards and Accolades

Blue Zone Realty International has been winning the top awards in the industry consecutively for many years now and it is a great privilege for us to be recognized for the above and beyond efforts we put into our work every day as a unified and dedicated team. The recognition is not why we do what we do, it is because of you, our cherished and valued clients. When we receive awards, we are doing so as a reminder of our time-honored commitment to providing our clients with the best service, industry knowledge, cultural insights, experience and innovative approach to supporting all aspects of the Real Estate business. As we continue growing and evolving, our commitment remains the same: to honor our clients by giving then the best that is available and continue improving our abilities to do so year after year.

American Property Awards 2024

◦ 5 Star Best Real Estate Brokerage Costa Rica.

◦ 5 Star Best Real Estate Website Costa Rica.

◦ 5 Star Best Real Estate Marketing Costa Rica.

LUX LIFE - Luxury Real Estate Agency of the Year 2024.

LUXURY LIFESTYLE AWARDS - Top 100 Real Estate Brokers of the World 2023.

LATIN AMERICA QUAILITY INSTITUTE - Presidents Choice Award 2024.

Why A Blue Zone Realty International Agent is Your Best Choice for Selling Your Home

Selling your home is a significant decision, and having the right agent by your side can make all the difference. At Blue Zone Realty International, our agents are not just real estate professionals; they are local experts equipped to navigate the complexities of today’s market. Here's why we stand out as the best choice for selling your home.

The following sections in this guide will explain more about our exclusive partnerships and global reach with organizations, we've fostered partnerships with Leading Real Estate Companies of the World ®, HAUTE Residence® and others.

Navigating the New Normal

In today’s ever-changing real estate landscape, understanding current market dynamics is crucial. Our agents stay updated on the latest trends, helping you make informed decisions about when to sell and how to position your home for maximum appeal.

Preparing Your Home for Sale

Getting your house ready to sell involves more than just listing it. We will guide you through necessary preparations, from decluttering and staging to ensuring your home shines in photos and videos. First impressions matter, and we know how to make your property stand out to potential buyers.

Accurate Valuation

Determining how much your house is worth can be challenging. Our agents conduct comprehensive market analysis to provide you with an accurate valuation, ensuring that your home is priced competitively. This strategic approach attracts more buyers and can speed up the selling process.

Effective Marketing Strategies

Marketing is essential in selling a home, and our agents employ a multifaceted approach. We leverage online platforms, social media, and traditional marketing techniques to ensure your property reaches a broad audience. Our goal is to create buzz around your listing and draw potential buyers in.

Professional Showings and Open Houses

Preparing for photos, video tours, and open houses is part of our comprehensive service. We understand how to showcase your home’s best features, making it inviting and appealing to prospective buyers.

Expert Negotiation

When it comes to negotiations, our agents are seasoned professionals. We advocate for your best interests, navigating offers and counteroffers to secure the best possible price. Our negotiation skills can make a substantial difference in the final sale price.

Simplifying the Closing Process

The home closing process can be daunting, but we are here to help every step of the way. From coordinating inspections and appraisals to ensuring all paperwork is in order, we take the stress out of closing day. You can expect clear communication about what is required from you, ensuring a smooth transition.

Continuous Support

Selling your home doesn’t have to be overwhelming. With a Blue Zone Realty International agent, you gain a trusted partner who understands the nuances of the market and is dedicated to achieving the best outcome for you. Let us guide you through the process and help you reach your real estate goals.

Our Global Reach

Through Partnerships

At Blue Zone Realty International, our global reach and strategic partnerships ensure that your property receives the exposure it deserves, wherever the buyers may be. Our membership in Leading Real Estate Companies of the Worlda prestigious honor held by only a select few agencies in Costa Rica - connects us to an elite network of top-performing brokers worldwide, opening doors to exclusive global markets and high-net-worth buyers.

As the exclusive broker in Costa Rica for Haute Residence, we have established ourselves as a leader in luxury real estate, further strengthened by our recognition as the top broker in Costa Rica for Lux Life. Our participation in the National Association of REALTORS® (NAR) and Global Elite Certification reflects our commitment to maintaining the highest standards in the industry, while our affiliation with the Latin American Quality Institute underscores our dedication to business excellence.

We actively showcase our properties on the international stage through prestigious events, including yacht shows in Miami and Fort Lauderdale. These events allow us to connect with buyers and sellers from around the globe, providing unparalleled opportunities to promote the beauty and value of Costa Rican real estate.

Our most ambitious initiative to date is the launch of the Green Leaf Division, a project focused on promoting sustainable developments that blend luxury lifestyles with ecological responsibility. Through this effort, we aim to lead the way in sustainable luxury real estate while preserving Costa Rica’s rich biodiversity for generations to come.

As we celebrate five years with Haute Residence®, we remain committed to delivering exceptional results for our clients. Whether you’re buying or selling, our reach, partnerships, and expertise position us to succeed across the world’s most dynamic markets.

Marketing Strategies

That Blue Zone Realty Uses to Showcase Your Property!

We set ourselves apart as exclusive listing representatives by utilizing high quality marketing and unique offerings to showcase your property to both local and international buyers! The most integral aspects to our marketing strategy are:

◦ Captivating photography and videography services to shine the best light on your property's uniqueness!

◦ Walk through video tour and/or 3D Virtual Tour: Showing details and layout of your property, which are important when marketing to buyers overseas.

◦ Custom crafted listing description: We thoughfully prepare content for your property that is in depth and enthusiastic.

◦ Listing your property on BlueZoneRealty.com: Our award winning website was designed to attract buyers and bring out the best aspects of your property. Additionally Leadingre.com (for residential properties) is our partner site for the global referral program, bringing your property in front of even more international clients!

◦ Placement in Life & Style Magazine: Our award winning in house magazine is of the highest quality. An important marketing tool that truly sets your property apart from others on the local market.

◦ Costa Rica Real Estate Magazine: A unique print marketing tool that is distributed throughout Costa Rica and at international real estate shows.

◦ Representation at international yacht shows and RE conventions: Blue Zone Realty spares no expense to represent you and your property to the international buyer!

◦ Placement with Haute Living for Luxury Listings: As the exclusive partner with Haute Residence for Costa Rica, we collaborate with them to promote your luxury home on their website and social media.

◦ Broker open house: We create buzz around your property by hosting local agencies in person so they can familiarize themselves with the details of your home.

◦ Email campaigns to our global Buyer Database: We target specific demographics and price ranges to focus in on the optimal buyer for your property.

◦ Social media promotion and advertisements.

◦ Marketing package for area brokerages: We prepare an inclusive marketing package for other area offices to ultiize in the sharing of your property with their clients.

Steps to Prepare and List Your Home For Sale:

What Sellers Need to Know

Selling your home in Costa Rica can be an exciting yet daunting process. As a seller, there are several key steps you should take to prepare your property for the market and ensure it stands out to potential buyers. Below, we outline essential actions you can take to enhance your home’s appeal and facilitate a successful sale.

Assess and Set the Right Price

Before listing your home, it’s crucial to determine a competitive price. Consult with your real estate agent at Blue Zone Realty International for a comparative market análisis. Setting the right price will attract buyers and help you achieve a successful sale.

Make Necessary Repairs

Address any outstanding repairs to improve the overall condition of your home. This may include fixing leaks, patching holes, and ensuring all appliances are in good working order. Taking care of these details can prevent potential buyers from being deterred by maintenance issues or attempt to use deficiencies to negotiate a lower price.

Enhance Curb Appeal

The first impression is essential in real estate. Boost your home’s curb appeal by tidying up the exterior. This could involve landscaping, painting the front door, or cleaning outdoor spaces. A well-maintained exterior can draw potential buyers in and set a positive tone for their visit.

Stage Your Home

Staging your home is an effective way to showcase its potential. Declutter and depersonalize your space, removing excess furniture and personal items. Arrange furniture to create inviting, open spaces that allow buyers to envision themselves living there.

Deep Clean Your Home

A thorough cleaning can make a significant difference in how buyers perceive your home. Clean carpets, wash windows, and ensure all surfaces are spotless. A clean, fresh environment can create a welcoming atmosphere that resonates with potential buyers.

Prepare Necessary Documentation

Gather all essential documents related to your property, including title deeds, surveys, and any warranties on appliances or systems. Having this information readily available can streamline the selling process and reassure buyers about the property's condition.

Talk to your attorney and request essential papers like the ¨Uso de Suelo¨ From the municipality, if your property is close by any source of water an ¨INVU Study will be required¨

For personalized guidance and expertise in the Costa Rican real estate market, contact your professional agent at Blue Zone Realty International today. Let us help you make the selling process as smooth and successful as possible!

Why Choosing a Dedicated Seller's Agent

Maximizes Your Success

When you choose a Blue Zone agent to represent your property exclusively, you’re hiring a strategic partner, not just someone to list your home. The right agent does more than post on a few platforms. They craft a tailored marketing strategy, coordinate professional photography, and present your property to the right buyers at the right time. Having one agency represent you ensures consistency in the message and builds trust with potential buyers. Your Blue Zone agent will also create competition among buyers, ensuring that you get the highest price and best terms. If multiple agencies are involved in trying to sell the same property, it dilutes the effort and can create confusion in the market. With one focused representative, the process stays streamlined, and buyers know that the listing is being managed professionally from beginning to end, that's why we insist our agents are at every showing.

Contact Us

About Listing Your Property

Ready to take the next step in your real estate journey? If you’re considering listing your property, our team at Blue Zone Realty International is here to provide the expertise and support you need. We understand that selling a home is not just a transaction, it’s a significant life event. That's why we are committed to delivering a personalized experience, tailored to your unique needs and goals.

From crafting a compelling marketing strategy to leveraging our extensive network, we ensure your property stands out in a competitive market. Our dedication to exceptional service means we are with you every step of the way, from initial consultation to closing.

Don’t leave your sale to chance - contact us today to discuss how we can help you achieve your real estate goals. Your property deserves the best representation, and we are ready to deliver results. Let's work together to make your selling experience seamless and successful!

Five Star Reviews

"We have known Janet for nearly 10 years. She has always been a wealth of resource and a very competent and professional agent for all transactions we have had with her with multiple properties.

Janet is well regarded and respected by her colleagues and in the community and is a good friend to many. She always conducts herself in regards to her business and in her personal life with authenticity and integrity. This is ultimately why she receives many return clients and many referrals.

Purchasing property in another country can be a bit daunting but Janet makes it as smooth and easy as possible…you cannot go wrong with having her in your corner.." - Carol & Scott Walker

We had been trying to sell our house for a year and a half with no success. After taking it off the market, Kady and her husband Andre came over during our renovations and gave us invaluable insights into what buyers were looking for. With their guidance, we made the necessary adjustments and, within six months of finishing, they sold our house!

We also sought their advice on our next home, from the location to the finer details.

Thanks to Kady and Andre, this is just the beginning of a new chapter for us. We couldn't be happier! Thanks, Kady and Andre, we love you!"

- Amber Hagberg & Gerson Paz

Diego Moya couldn't have been better. He took in everything I said about what I wanted and when we flew there to look at properties the very first one he showed us nailed it all. We looked at other places but went with that first one. The man has a great gift for listening to your wants and needs." - Soozie L

My Sellers Notes

© Arcadia Publishing Ltd - 4202-50 - www.arcadiapublishingltd.com - info@arcadiapublishingltd.com

Please note that all advertisements are placed independently of the Venue; the Venue cannot accept responsibility for any dispute or otherwise between Venue patrons and the advertisers.