What Should I Know About Buying In Costa Rica?
October 17, 2008 by admin
Filed under Buying Property
Assumption kills the deal.
In my dealings in investing in foreign countries, assuming that something is included with a property usually will end in disappointment.
It is always better to be safe rather than sorry, and one way to do this is to be crystal clear about what is included in the purchase, and what is not.
Assumptions will often end up in the seller’s favor, which, as a buyer, isn’t where you want the balance of power to be.
Things to consider:
- Public or private roads?
- Electricity?
- Water?
- Is the land clearable? (Many trees cannot be cut down)
- How does the region change from season to season?
- Does the seller own the property? Can they prove it?
- If a development, will there be annual dues?