Properties in Costa Rica
Properties in Costa Rica
Properties in Costa Rica
Buyers and Sellers need reliable information before making an important decision, listing a property for sale, negotiating the purchase of a property or accepting an offer to purchase.
In the United States the brokers and agent have a nice tool called MLS (Multiple Listing System). Here in Costa Rica you have to do extensive research to get good information in order to make an educated decision and feel comfortable.
As of September1st, 2017 all corporations, subsidiaries, and limited liability companies that are currently registered before the National Registry, as well as all entities incorporated in the future, will be subject to pay an annual tax.Law # 9428: “Tax over legal entities”
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La belleza del paisaje y el bajo costo de estadía colocaron a playa Tamarindo en Guanacaste como uno de los cinco mejores destinos costeros del mundo para retirarse, según la revista International Living.
En el ranking también aparecen ciudades de Panamá, Ecuador, Malasia y Portugal.
Estas ofrecen a los jubilados paisajes acogedores, comunidades seguras y estilos de vida saludables; divertidos y satisfactorios con un presupuesto modesto.
As a real property and/or CR corporation owner, you should be aware of taxes that need to be paid annually. Those who do not pay may be subject to fines and judicial collection procedures
HOME LUXURY TAX: (Due date: January 15th, 2019)
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ABC Real Estate is located in the center of Tamarindo and that is not a coincidence! Tamarindo was once a quiet fishing village, until some adventurous pioneers and visionaries discovered its quality surf break, and the word spread amongst surfers across the globe. The growth and interest hasn’t stopped since; neither have the wonderful surf waves.
The founder of ABC, Jogi Jürgen Gerner, felt the good vibes as well and decided to root his company in Tamarindo.
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PROPERTY TAXES & GARBAGE COLLECTION FEE
As a real property and/or CR corporation owner, you should be aware of taxes that need to be paid annually. Those who do not pay may be subject to fines and judicial collection procedures
PROPERTY TAXES & GARBAGE COLLECTION FEE (Due date: March 31st, 2019)
Real property owners must pay the Impuestos Bienes Inmuebles(Property Tax) and recolección basura(garbage collection fee) to the Municipalidad(Municipal Government) where the real property is located.
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It’s the real estate agents hymn: Location, location, location. You’ve probably heard the phrase before and may wonder what motivates agents to say the word three times. Basically, location, location, location means homes can go through large increases or decreases in value due to nothing more than their neighborhood. The sayings repeated three times for emphasis, and is considered one of the most important rules in real estate, while also often the most overlooked. You may find a nice property somewhere but if you ignore this phrase and it’s not in the right location for you it will grow old sooner then later.
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When a buyer is searching for a property, no matter what type it is (Condo, Home, Lot, etc.) he/she does research to see what they can buy with their finances, they end up engaging a realtor and viewing properties in the area they like and within their budget.
On the other side, that of the seller, finding the right price to list their property is essential. They also contact a realtor, usually various realtors, to hear what they think the property should list for. Hopefully, the realtor does his/her own research looking for comparables, etc., views the property and gives a realistic #. But many times the seller comes back saying “OH, but I think my property is worth much more”, and they end up listing the property with the realtor that isn’t truly honest with them and tells them “I think you’re right” just to obtain the listing. This results in that the property stays on the market for an extended time with few showings and the seller is forced to lower the price down to what it should have been listed for in the first place. Wasted time.
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It really does not feel like 10 years have passed since Mark started with ABC. Time flies they say and now I know what they mean with this.
When I first met Mark I was active with the Tamarindo Association in helping to get the police a temporary station. His place Cabinas Maleko was a great fit at that time and this is how we connected.
Mark immediately gave me the impression of an honest and trustworthy person. I then felt he could be the right person to join the ABC team and I offered him to work with us. I was very glad when he accepted and I knew short after I had made the right decision.
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Due Date: January 15th of each year.
The so called “Solidarity Tax” for the Strengthening of Housing Programmes (Impuesto Solidario para el Fortalecimiento de Programas de Vivienda), Law # 8683, commonly referred to as the “Luxury Home Tax” applies to houses, condos and apartments of which construction/building value exceeds a certain amount. Said amount and the methodology to calculate it is established by the Tax Office. The entity or person obliged to file and pay it, is that one that owns the ¨Luxury Home¨ as of January 1st.
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