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buying real estate

This is not an investment you want to leap into blindfolded. There's too much money involved and too many things can go wrong. Here are a few places to look into before you leap.

Locate a Reliable Attorney:

Ask someone you trust to recommend an attorney who is reliable and trustworthy. Your country's embassy or one of your consulates might have some suggestions to offer. The Costa Rican-American Chamber of Commerce is worth a call or check out our Commercial Directory.

Research the Property Information:

Request your attorney to conduct a title search at the Registro Publico (Public Registry) for the property you want to buy.

By law all properties must be registered in Registro Publico. Most properties have a title registration number called the "Folio Real." Once you have this number you can search the database. The Registro Publico's Report, called the "Informe Registral," contains information such as the name of the title holder, boundary lines, tax appraisal, liens, mortgages, recorded easements, and other records that could affect the title.

Costa Rica follows "first in time, first in right" rule. Additions to a property title are prioritized according to the date they were recorded. So make sure your attorney searches your title back to the beginning title entry to esnure that you can hold clear title.