Search Results for: costa rica banking

Why do Expat's Costa Rican Retirement Dreams Get Shattered?Artboard 2

Why do Expat’s Costa Rican Retirement Dreams Get Shattered?

Estimated Reading Time: 7 Minutes Do you know why expat’s Costa Rican retirement dreams get shattered? There are several reasons, so I’ll just have to walk you through them. However, the main reason is that they are unsuccessful because they don’t listen to those with expertise. Every day, I see people asking the same questions…

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Active Adult communities in Costa Rica

Estimated Reading Time: 5 Minutes Are you looking for active adult communities in Costa Rica? Then it would help if you read this blog to understand how different our retirement market is from the U.S. and Europe. I often get emails from clients in the US and Canada looking to retire in another country. They…

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Costa Rica escrow and real estate closing

Estimated Reading Time: 7 Minutes What is Costa Rica escrow, and why should you use escrow for a real estate closing? Is it really necessary? The Costa Rican authorities don’t want you to purchase a property with a wheelbarrow full of money. For many years, cash purchases happened all the time. Worldwide, authorities want more…

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How retirees in Costa Rica communicate with back home

Estimated Reading Time: 5 Minutes There are lots of retirees in Costa Rica, and in some way or another, they all communicate with their children, grandchildren, and friends back home. Technology changes faster than you want if you’re over 60 years old. I know because it drives me crazy already, and I’m computer savvy. My…

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Costa Rica Home Buying Guide for Foreigners

Estimated Reading Time: 7 Minutes I decided to create a home buying guide so you can get the max out of Costa Rica’s laid-back feel and lifestyle. Quite a few foreigners end up wanting to call Costa Rica home. Property in Costa Rica is still very affordable, and property isn’t hard to buy. There are…

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Due diligence before you purchase property in Costa Rica

Estimated reading time: 6 minutes Of course, everyone says they have done their due diligence before they buy a property. Unfortunately, many think they do. They end up buying in the wrong place and say it’s everyone’s fault, except their own. This happens more often than you think. That’s one of the reasons I always…

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10 Most Read Live in Costa Rica blogs 2020

Estimated Reading Time: 10 Minutes The best part about writing blogs for those who want to live in Costa Rica is that thousands of people read them. These blogs are the reason we receive so many visitors to our website. And, they assist our agents in answering all these questions you ask. Just like last…

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Dealing with home financing in Costa Rica

Estimated Reading Time: 6 Minutes Are you dealing with home financing in Costa Rica or will you be soon? Then you will find this a very useful blog. Purchasing a home is a huge responsibility, especially if you think you can afford it but can’t find any home financing. Often, future expats start shopping for…

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40 Smart Steps to Take before Renting a Home in Costa Rica

Estimated Reading Time: 11 Minutes Now you probably say “40 smart steps to take before renting a home”? Why so many? You would think that renting a home in Costa Rica is easy. It is when you already live in the country, and if you speak Spanish, it’s a piece of cake. But when you’re…

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Smart Guide for buying property stress-free in Costa Rica

Estimated Reading Time: 8 Minutes Buying property stress-free is like being a mom raising your first kid. It’s almost impossible to keep it stress-free unless you know what you’re doing. Just like parenthood, becoming a homeowner is wonderful, but challenging at first. But most of all, it’s exciting. If you know what you’re doing. It’s…

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Is it difficult to change money in Costa Rica?

When moving to Costa Rica or just visiting you will need to change money for your day to day expenses. Often, clients ask if it is difficult to change money and if it is really necessary. The legal currency in Costa Rica is the Colon. Nonetheless, U.S. dollars are used for more expensive items like…

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How to purchase property in Costa Rica on remote control

Estimated Reading Time: 5 Minutes Maybe one day it will be necessary for you to purchase property in Costa Rica on remote control.  One good reason is that the wire from your bank, to pay for the property, needs to be in person. Most banks will not allow you to just put in a phone…

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Which powers of attorney does your property manager in Costa Rica need?

Many homeowners forget to give their property manager the necessary powers of attorney to do the job. Then they find out when it’s too late. This is more or less how it happens: Everybody involved in the real estate closing is exhilarated, the buyer most of all. Of course, she is. Susan just closed on…

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Moving offshore to Costa Rica saves Americans

Estimated Reading Time: 5 Minutes Moving offshore with your family is much easier than it was ever before. The internet made the world smaller and Costa Rica is now home to thousands of expats and retired foreigners, many of them Americans. Costa Rica is not just a place to hide dirty money anymore like it…

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Will new visa fines stop perpetual tourism in Costa Rica?

Will the new visa fines stop or control perpetual tourism? In 2011, a new article of the immigration law was approved. The law came in effect on August 1st, 2014. This article fines tourists $100 per month after their tourist visa expires. Those who cannot pay or are unwilling to do so, will not be…

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