Archive for March 12, 2018

Moving to Costa Rica–What is my Exit Plan?

Written by Michael Simons on . Posted in Buying and Selling Property in Costa Rica, FAQ's, Investing in Costa Rica

Every day more and more people are moving to Costa Rica.  The majority of property buyers will probably never sell their property, at least not in the next couple decades.  They have done their homework and made their choice.  They looked all over Latin America and the Caribbean and picked Costa Rica, for so many obvious reasons.  Yet, you never know, life might throw you a curveball and you end up having to sell your property.  That is why you need an exit plan. I always chuckle when I read the blogs on the internet about how many people come to Costa Rica, don’t like it and decide to go back.  That is just NOT true.  We have sold thousands of properties here and I can truthfully say that a very small percentage of the buyers fall into this category.

Most of the people who are selling are doing so for a variety of other reasons. Unfortunately, many people have been forced to sell their little piece of paradise for financial reasons, as things didn’t go as planned back home.  Also, people have to sell their Costa Rica property for the same reasons they have to sometimes sell any other property or investment:  Health, family, death and divorce.  These things happen everywhere in everyday life.  The majority of my sellers though, are not leaving Costa Rica. They started with a smaller property, such as a condo or townhome, to test the water and see if they liked the Costa Rican experience. Then, after a few years, they have fallen in love with paradise, like the rest of us. They want to spend more time here, quite possibly as a full time resident, and want a larger, or fancier home. Many times, they are now comfortable with the process, and have decided to build their own custom home, so they need to sell their original property first. Of all the real estate sold to foreigners in Costa Rica, most of it is sold right here in Guanacaste.  We have the best infrastructure, the best weather, first world amenities and amazing hospitals and health care.  We also have an International airport 20 minutes away and some of the most beautiful beaches in the world.

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