Released on: October 23, 2008, 7:26 pm

Press Release Author: Costa Rica Estate Release

Industry: Real Estate

Press Release Summary: Costa Rica is a beautiful country with a range of sub
climates and the perfect piece of property for every taste. Many people from abroad
move to Costa Rica hoping to purchase their dream home in paradise, and while many
successfully secure their little piece of heaven many others experience challenges
during the buying process

Press Release Body: If your dream is to own Costa Rica real estate consider these
important tips to buying property in Costa Rica. (www.cb-jaco.com)

When purchasing real estate in Costa Rica making sure the property is properly
registered with the with the appropriate offices is the most important step. Just
because an individual has a deed to a property does not mean that the deed is legal
or that the person is the legal owner. There are scam artists who will attempt to
sell the same property to different people or who will attempt to sell property they
do not own. It is important to investigate the real estate you are interested in
with the appropriate offices and to make sure it has the proper legal documents.
(www.cb-jaco.com)

There are two documents that legally define a piece of real estate in Costa Rica
that you must verify before you purchase property. The escritura is a document that
describes how the property is recorded in the Registro and the catastro which is the
plat map of the property. (www.cb-jaco.com) Complications can arise when
investigating these legal documents because they may not always coincide. It is a
good idea to have a professional look up and verify these records and to understand
the process so that you understand what is going on.

It is important to hire a competent attorney to handle the title transfer, but no
matter how competent and attentive your attorney is you must educate yourself about
the process and stay informed about what is happening in the title transfer process
to ensure everything is completed accurately. There are also other documents and
requirements you will need at closing which are important parts of the real estate
buying process.

At closing, you will need a copy of the tax receipt to prove that all the
appropriate taxes and registration fees have been paid at the date of purchase.
(www.cb-jaco.com)You will also need a certificate issued by the municipal authority
of the municipality where the real estate you are purchasing is located. You must
provide evidence that all prior mortgages, liens and judgments have been lifted from
the property you are purchasing. You will need a notary present and along with all
the required paper work and permits you will need sufficient funds to pay all
necessary taxes, registration, and notary fees.


Web Site: http://www.cb-jaco.com

Contact Details: jaco,
Phone: 506 2643 5268,
www.cb-jaco.com