Tamarindo Real Estate Buyer's Guide
A successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders. Sol Realty-Tamarindo Real Estate
Though this is by and large a cash market. Our recommendation is to take out loans in one's home country using collateral based in that country. This can be based on home equity, stocks, bonds, or even a self-directed IRA in the case of US citizens. The most important advantage of doing this is that interest rates are still at historical lows and this looks like the trend despite the recent rate hikes by the world's central banks. On occasion some sellers may offer financing to their buyers but usually at higher rates than in the US or Canada. Having the right lender can be extremely important – it is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford.
Your home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Find a lawyer who is willing to take the time to answer your questions and who specializes in real estate law. Also of importance is to have clean files of the origin of the funds used to make the purchase, this would include bank statements, tax returns, ID's. loan documents etc, due to regulations in the fight against money laundering, terrorism and narco trafficking.
Home Inspector-Survey Verification
No home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. Ask your agent and or attorney for a recommendation.
Planning some renovations? You’re not the only one! The home renovation industry is booming, and in some markets, booking a contractor must be done months in advance (that’s a long time to go without a kitchen). Don’t let finding the right contractor slip through the cracks – planning ahead will almost certainly make your renovation smoother, and you contractor will appreciate the advance notice.
Insurance-There are a number of insurance providers in the country but the mainstay is INS (Instituto Nacional de Seguros) whose track record is flawless. Being a state institution its polices are backed by the full faith of the Costa Rican government. Fire, flood and and earthquake polcies run an average of .0025% of the replacement construction value.