Embarking on the journey to own a piece of Tamarindo, Costa Rica, is an exciting endeavor, and at Sol Realty & Investment Consulting, we're here to make your dream a seamless reality. Here's a step-by-step breakdown of the Tamarindo real estate purchase process:
1. Initial Contact and Consultation:
Reach out to Sol Realty & Investment Consulting and collaborate with a specialized Costa Rican attorney/notary public well-versed in Tamarindo real estate and corporate law.
Begin the property selection process, filtering through options to find your perfect fit.
Prioritize legalities with pre-arrival discussions and explore the possibility of starting a Costa Rican corporate entity for efficient title holding.
Consider international tax estate planning with your CPA.
2. Preliminary Title Search:
Once an ideal property is identified and negotiated, initiate a preliminary title search to ensure a clear and marketable title.
3. Purchase Contract Execution:
Execute the purchase contract, marking the commencement of a detailed title search and in-depth due diligence process led by your attorney-public notary.
4. Escrow, Insurance, and Utilities:
Identify an escrow holder for managing deposits and earnest money.
Consult with INS (Instituto Nacional de Seguros) for property insurance.
Explore utility providers for essential services.
For condo purchases, connect with fellow residents to address HOA-management concerns.
If considering renting your unit, consult with at least three qualified property management companies.
5. Due Diligence:
Allow approximately 18 calendar days for due diligence, adjusting for the complexity of the purchase if needed.
Address and remove any "subject to" clauses in the contract.
Conduct a final walk-through and inspection at least 48 hours before the settlement date.
6. Settlement/Close Date:
Experience the pinnacle of the journey with the settlement/close date, typically 45 days from contract execution.
Celebrate the exciting moment of officially becoming a property owner in Tamarindo, Costa Rica.
Sit back, relax, and savor the joy of your new property purchase with us at Sol Realty & Investment Consulting, located in the heart of Playa Tamarindo, Santa Cruz de Guanacaste, Costa Rica. Your paradise awaits!
Comments