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!
