FAQS
Frequently Asked Questions
Ans: At Underwood Realty Costa Rica, we offer a wide range of properties, including condos, homes, land and commercial properties. Our properties are located in popular areas of Costa Rica, such as Jaco, Los Suenos, and Manuel Antonio.
Ans: You can search for properties on our website by using our advanced search feature, which allows you to filter properties by price, location, type, and other criteria. You can also browse our featured properties or contact us directly for personalized assistance.
Ans: Yes, we work with experienced lawyers, accountants, and other professionals who can assist you with all legal and financial aspects of buying property in Costa Rica. We can also provide you with guidance on obtaining financing and navigating the local real estate market.
Ans: To schedule a property viewing, simply contact us through our website or give us a call. We’ll be happy to arrange a viewing at a time that’s convenient for you.
Ans: While we do not offer financing directly, we work with a network of lenders who can provide financing options for qualified buyers.
Ans: At Macaw Realty Costa Rica, we carefully vet all properties before offering them to our clients. We work with reputable sellers and developers and ensure that all properties meet legal and regulatory requirements in Costa Rica.
Ans: The metric system is used in Costa Rica. Property measurements are typically given in square meters (m²), while land area is measured in hectares (ha). 1 hectare is equivalent to 10,000 square meters.
Ans: The official currency in Costa Rica is the Costa Rican colón (CRC). US dollars are widely accepted in many places throughout the country, and it is also possible to use credit cards in many locations.
Ans: Closing costs in Costa Rica can vary depending on the property value, location, and other factors. Typical closing costs may include transfer taxes, registration fees, notary fees, and other fees. These costs can range from 2-5% of the property’s value.
Ans: Lawyer fees can also vary depending on the property value and complexity of the transaction. Typically, lawyers charge between 1-2% of the property value.
Ans: Escrow is a third-party service that holds funds and documents during a real estate transaction. In Costa Rica, escrow services are commonly used to protect both the buyer and seller during the transaction. The escrow company will hold the funds until all conditions of the sale have been met, at which point they will release the funds to the seller.
Ans: Yes, there are building restrictions and regulations in Costa Rica. These can vary depending on the location and type of property. It is important to research these restrictions and regulations before purchasing a property to ensure that you are able to build or modify the property as desired.
Ans: Foreigners are allowed to own property in Costa Rica and are subject to the same ownership laws as Costa Rican citizens. However, it is important to have a reliable lawyer and to ensure that all legal and regulatory requirements are met. These may include obtaining a residency status, tax identification number (NIT), and other requirements.
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