Having selected your ideal property in Costa Rica, you will want to be absolutely certain of the legalities of the purchasing process, and particularly your rights in a foreign country.

This is where ABC Real Estate will ensure that you have expert assistance and will guide you through each step of the buying process.

When you have decided on a certain property, the first step is to make a written offer or letter of intent to purchase to be presented to the Seller. After the price terms and conditions are negotiated, accepted and signed by both parties, you as the purchaser make a so-called down payment in an escrow account. Usually 10% of the purchase price. The property will be taken off the market and reserved until the remaining steps have been completed by your attorney.

Within the next 2-3 weeks the so-called DD (Due Diligence) Period will happen where your attorney will do legal research and recommend more consultants like accountants, surveyors, home inspectors if desired.

In case this DD is not satisfactory, you can require to get it resolved or get your down payment back in full. In case everything is fine, the deposit will become non-refundable and considered part of the purchase price.

Your attorney will become the notary and help to draft the closing statement for you to make the final balance payment. This closing statement will be circulated between everybody involved and has to be signed by the purchaser and seller to close the deal as previously agreed.

ABC Real Estate will help you to establish this agreement, including all the necessary paragraphs and follow up till the closing in order to have a smooth and secure transaction.