Author: David Karr - Jaco Costa Rica Realtor

5 Mistakes People Make when Buying Property in Costa Rica header

Top 5 Mistakes People Make When Buying Property in Costa Rica

Look I get it. You are smart, you’ve bought plenty of property in your life, made tons of investments. You know how to research and you can figure things out, so when it comes to buying property in Costa Rica this should be no different. Sure, maybe you’ll have to read up a bit more, be a little more careful but you’ll figure it out. Riiiiiiight, good luck with that.

It has been over 12 years now that I have been living in Costa Rica where I have been helping people with real estate transactions. In that time I have seen countless mistakes that people have made in both their decision and sales process. Unfortunately many inquiries I receive come from people who need help fixing their bad decision. Here are some of the most common mistakes I have seen people make when buying property in Costa Rica, along with some tips on how you can avoid those mistakes.

5 mistakes people make when buying property in costa rica 1

Searching for Property on Your Own

The most important thing to know about Costa Rica real estate is that there is no MLS (multiple listing service). So that means if you are going to try to search sales info, comps, and listings you are going to have to sort through the thousands of listings spread throughout the internet, most of which are dated and/or inaccurate. Again there is no MLS, don’t be mislead with some offices or brokers advertising their sites as an MLS site, there is no such thing and it is just a marketing ploy. Unfortunately many brokers do not update their listings or simply have inaccurate information about the listing. I have had countless clients send me listings they saw online which in some cases were listings that sold 3-4 years ago! Listings with incorrect pricing, incorrect size and sometimes not even the correct photos of the actual property! Searching on your own is going to either drive you mad and leave you with an inaccurate assessment of the market.

Solution

Nothing wrong with searching for properties online, but find someone that you can consult with. A solid real estate broker will be able to guide you with all listings, helping you to confirm accurate information and better educate you along the way. A broker can help you with any listings out there. What I tell my clients to do is just send me any listings they see online and I can confirm if it is still available and/or line it up for them to see, but get the help of a professional and don’t try to do it on your own.

Going to Fast

There are times where a great buying opportunity pops up, but if you haven’t done the homework, put yourself in the right position, evaluated the market, and learned the country more then how do you really know what is a great opportunity let alone prepared for it? Take your time. I have seen people that have rushed their purchase for no reason.

Solution

Come up with a game plan and a time frame to purchase. Spend time in the area you are wishing to buy property. Many properties in Costa Rica are available as a vacation rental, I often encourage clients to stay in a property that is on their wish list so they can get a better feel of that property and area. Don’t be in a rush and take your time in finding the right fit for you.

5 mistakes people make when buying property in costa rica 2

Not Learning the Market

It amazes me how many people purchase property without really understanding the market. This is a big investment and before purchasing you should have a better idea of the real estate market in the area you are purchasing. You should have a better idea of comparable priced listings, sold comps, accurate rental numbers. Many people simply rely on what a sales agent might be telling them versus getting the information they need to understand the market for themselves.

Solution

I always tell my clients that my first job is to educate them on the market. To give them the info so they can better understand options and values. At the end of the day I want them to understand where value is not because I’m telling them, but because they understand and realize where those values are. Take the time to learn the market for yourself so you can make a smart decision.

Ignoring the Follow Up

Have you ever owned a second home or vacation property? If it is your first then you definitely need to understand that you do need to put in a little effort in on your part. While you might elect to have a property manager assist you, there are items that you do need to make sure you are following up on. Property taxes, corporate taxes, HOA meetings, yes you can have someone help you with all of that, but it is important you confirm and ask for receipts if so. If you are part of a homeowners association, be involved so you know about any changes that effect your property.

Solution

Stay on top of things. Reach out to your property manager, attorney, broker whoever you need to so that you are ensure bills are being paid. Dont assume everything is being done, no need to micro-manage either but quaterly or bi-annual checkup should suffice.

Choosing the Wrong Real Estate Agent or Using Multiple Agents

Oh boy, sadly this is the culprit of many bad decisions. It is important to understand that Costa Rica has no regulations or licensing when it comes to real estate agents, which basically means anyone with a pulse can sell you property here. Unfortunately many purchasers don’t properly vet the person they decide to have represent them, which you can imagine can be a pivotal mistake. And don’t be mislead thinking that just because you chose an office with a brand name that it will be any better. Just because an office might have a big franchise name it doesn mean they have any additional requirements that help to protect you. Some of the big name offices have some of the most inexperienced and unethical agents I have ever dealt with, so don’t let your guard down. It is also important you choose one person to work with. A broker will be able to collaborate with other brokers so you only need to choose one person that is working for you. By having multiple agents involved you just end up encouraging a feeding frenzy where brokers then instead on focus on selling their property to you vs working for and representing you.

Solution

This is really a paramount decision and it shouldn’t be taken lightly. Don’t be afraid to ask tough questions and find the person you feel comfortable and confident to represent you with your search and sale. Go ahead and talk to a few different people, BUT once you make up your mind choose ONE PERSON to work with. Ask to talk to some of their past clients, make sure they are a legal Costa Rica resident, talk to them over the phone, get to know them, the right person can be instrumental and making sure you have a great experience.

About the Author – David Karr

Costa Rica is a beautiful country, but when it comes to making the move and researching Costa Rica further, most people become confused and frustrated. Finding someone you can trust and depend on is the most important step. Originally from Washington State, I’ve been living in Costa Rica since 2005, where I reside with my wife full time in Jaco Beach, since then I’ve been consulting and guiding people with real estate and living in Costa Rica. I work with the top attorneys to ensure your transaction is safe and secure, while providing clients with in depth market analysis and inside information so they can make the best decisions possible.

jaco costa rica condo for sale los sueños 6

Luxury Condo in Los Suenos Resort – Golf Course, Marina & Beach Club – USD $330,000

For any questions you have about this property click here to contact the listing agent.

Incredible price reduction on this luxury condo for sale in Los Suenos makes it the best deal in the resort. Turn key, fully furnished 2 bedroom sits just off the golf course and features lush tropical garden views. Veranda Residences overlook the fairway of the La Iguana Golf Course and rainforest covered hillsides. The community is conveniently situated in the heart of the resort just steps away from the Marina Village with all its amenities and the Los Sueños Beach Club.

This condo was recently reduced in price to $330,000 in order for a quick sale.

If you are looking for a deal in the Los Suenos resort act quick on this one!


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

Luxury Beachfront With Amazing View – Jaco, Costa Rica – USD $399,000

For any questions you have about this property click here to contact the listing agent.

Luxury beachfront condo for sale in the popular beachtown of Jaco, Costa Rica. Enjoy one of the best views in Jaco from your luxury condo on the 5th floor of this popular botique beachfront community. This spacious 2 bedroom, 2 bath is truly immaculate, with fine finishes and well appointed furnishings throughout.

The pet friendly complex is an excellent option both for full time residency and as vacation rental (current owner grossed up to $45k per year!). Enjoy stunning oceanviews from every room. Located just next door to the upscale Crocs Resort where you have access to restaurants, cafe, bars and casino. Listed at $399,000

Jaco is the hideaway for sun seekers and active travelers, with cinnamon-hued volcanic-sand beaches, lush green rain forest and verdant mountains.

Surfers flock here from around the world, but families, and honeymooners also find much to love, thanks to the multitude of beaches, outdoor activities, dining, shopping and nightlife. Explore the Costa Rican rain forest by horseback, learning about the flora and fauna in this impressive eco-system.

Take an ATV tour to beaches, remote villages and waterfalls. Try your hand at sport fishing, paragliding, sea kayaking or even bungee jumping. Spend an afternoon at the Pura Vida Gardens and Waterfalls, where you’ll find millions of plants, flowers and orchids from around the world.

Zip line through the jungle, play a round of golf or take an aerial tram tour of the rain forest. Expert surfers will want to check out La Roca Loca and Playa Hermosa for a challenge.

Contact David for more great listings in the Jaco area.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

Affordable Beach Condo – 2 Bedroom, 2 Bathroom Recently Remodeled – Seller Motivated – USD $179,000

For any questions you have about this property click here to contact the listing agent.

This 2 bedroom, 2 bath condo was just recently remodeled and features new furnishings and decor. Located just a couple blocks to the beach and short walk to the center of town. Enjoy pool views from your large oversized terrace. This small boutique development is a great option for retirees, second homes or as vacation rental property. The community features 24/7 gated security and on site property management. Listed at $179,000

Contact for more information on this listing or assistance with other properties in the Jaco area.

Located just 75 minutes to the San Jose airport, Jaco Beach centrally located to attractions like sportfishing, surfing, whitewater rafting, waterfalls, Manuel Antonio National Park, beaches, ziplining, snorkeling, golfing, it’s all right here. Add great dining, the Pacific’s best amenities, and all the conveniences you want when on vacation and it’s really a no brainer. And if Jaco is not your cup of tea, at the very least we are confident that somewhere in the Central Pacific region will cater to all tastes.

Upscale accommodations in the Los Suenos Resort, more rustic vibe of Hermosa, secluded villages in Esterillos, the area covers it all. ​ Contact for more information on this listing or assistance with other properties in the Jaco area.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

Fully Remodeled Beach Home In Jaco – USD $350,000

For any questions you have about this property click here to contact the listing agent.

Costa Rica beach home for sale in Jaco. This large 3 bedroom home has recently been remodeled with modern finishes throughout. The spacious floorplan features plenty of outdoor space, tropical landscaping, an outdoor shower and single car garage. Sold turnkey fully furnished, all furnishings are new as well.

When it comes to Costa Rica you’ll find few opportunities like this to purchase a titled home in a gated, beachfront community. Located on the north end of Jaco Beach in La Flor, a gated complex of just 29 homes featuring 24/7 security, common area pool, and direct beachfront access.

Low HOA fees of just $300 per month and exceptional value at list price of $350,000.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

Luxury Beach Condo – Strong Rental Income – 3 BR, 2 Bath – USD $248,500

For any questions you have about this property click here to contact the listing agent.

Outstanding value on this 3 bedroom condo in the Monaco Residences of Jaco. Poolside luxury condo features some of the best quality style finishes and construction in Jaco.

3 Bedroom, 2 bath comes fully furnished and has strong history of outstanding rental income.

The Monaco residences are located just one block from the beach in the heart of Jaco, featuring 2 swimming pools, bbq area, 24/7 gated security and onsite management.

Listed at $248,500 this is one of the best values to ever come along in the complex.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

living longer healthier in costa rica 3

Sharing the Secrets and Recipes for Living Longer, Healthier & Happier

Born and raised in Costa Rica, Melissa Guzman has always had a passion for great food. Originally from a small, traditional farming town in the mountains of Cartago, she grew up with many traditional recipes that were shared together with friends and family. After getting married and moving to the beach, she discovered the other part of the Pura Vida lifestyle. An active lifestyle, along with a healthier and lighter diet which lead her to the recipes and secrets she is wanting to share today.

living longer healthier in costa rica 12

Working in the tourism business in Jaco Beach, Melissa would often have requests from foreigners asking her about local foods, and some of her recipes. One day a traveler told her, “you should make a cook book.” Two years later here she is.

living longer healthier in costa rica 1

Living Longer, Healthier & Happier – Recipes from Costa Rica is a collection of traditional and modern Costa Rican recipes. The book features large and professional photos of each recipe. “I really don’t like cookbooks that feature recipes without photos so wanted to make sure that my book highlighted each recipe with a great photo.” said Melissa. But beyond the recipes, the narrative focuses on much more. The book and its recipes is really about the Costa Rican lifestyle, what ticos refer to is the “Pura Vida”, which focuses on a healthier and happier lifestyle all of which is centered around the food and culture of Costa Rica. While the recipes are one step to a better well being, the book features a number of tips to living longer, healthier and happier.

Pre-orders are currently available on Indiegogo, where Melissa has launched a 30 day campaign to raise $25,000. The funds from the campaign will be used for the books first print run so she can begin selling and distributing. In addition to a copy of the book, there are great perks for those helping to fund the book, including beachfront accommodations in Costa Rica and personal cooking classes by Melissa. To order your copy and help Melissa’s campaign click link here.

living longer healthier in costa rica 2

Jaco Costa Rica Surfers 2

Why Surfers Love Jaco & the Central Pacific

We have a lot of people who live and visit the Central Pacific for various reasons. Fishing, golfing, biking, yoga retreats, or just some some sunshine at the pool, all our popular activities, but our real bread and butter and our staple continues to be our worldclass surf. The Central Pacific is home to some of the best surfing in Costa Rica. Consistent breaks, uncrowded beaches and warm waters make it a heaven for surfers. Here is a summary of just a few of the most popular surf areas in the Central Pacific. If you have never tried surfing you should really give it a try, lessons are available thoughout the area. And if you looking for a property near these perfect waves be sure to check out these properties for sale in the Central Pacific.

Jaco

Jaco is a small beachbreak with fun left and right peaks, you can surf almost the entire beach. It tends to close out when the waves are over head-high, or during dead low tide. Great beginner wave, or for a warm-up surf before tackling Nearby Hermosa or Escondida.

Jaco Costa Rica Surfers

Hermosa

Long stretch of beach offering some of the most consistent conditions on the Pacific Coast. A variety of sandbars have formed creating a pounding and tubular beachbreak.

Jaco Costa Rica Surfers 2

Esterillos

Breaking over a sandbar on the inside and outside on a submerged reef. Generally outside breaks reforms on the inside for more beginner surfers. No crowds and best conditions at high tide on a south swell.

Jaco Costa Rica Surfers 3

Bejuco

Beach break offering long waves breaking close to the shore. Best conditions at mid – high tide on a south/southwest swell.

jaco Costa Rica Surfers 5

If you love to surf and want to own property near some of the best surf in Costa Rica contact for assistance with real estate in the Central Pacific.

Jaco Costa Rica Surfers 4

condo for sale in jaco costa rica luxury condo for sale in jaco beach 3

Luxury Condo for Sale in Jaco Beach – Listed at USD $269,500

For any questions you have about this property click here to contact the listing agent.

Outstanding value on this luxury condo in the heart of Jaco Beach. Located in the popular Monaco residences, this second floor is immaculate, with high end furniture, decor and finishes throughout. The large open floorpan features 2 bedrooms, 2 bath, with terrace overlooking the pool and lush landscape.

Community features 2 common area pools, 24/7 gated security and is a short walk to the beach as well as all of Jaco’s restaurants and shops. Onsite property management is available for those looking to take advantage of one of the best rental producing developments in Jaco.

Listed at $269,500

Please contact for more details.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

costa rica tourism growing

Costa Rica Tourism Growing

Costa Rica continues to grow as a popular tourist destination, but what is interesting is how diverse those tourists are becoming. Traditionally Costa Rica has focused on the United States and Canada for the majority of their tourists, but a concentrated marketing effort in Europe over the past couple years, along with the help of several new direct flights across the Atlantic have propelled the tourism market. With direct flights to Spain, England, Germany, Netherlands, Switzerland, and France, we are seeing a strong increase in travelers from throughout Europe.

Another sector that continues to grow is local tourism. Now more than ever, Costa Ricans have more disposable income, along with more cars, leading to many Ticos making much more frequent trips to the beaches for a quick get away. Perhaps no market has benefited more than this than Jaco and moving forward expect to see Jaco and San Jose market merge closer together. Recently I helped launch a local campaign targeting locals and promoting the Jaco area. Take a look below.
Sometimes its easy to forget that tourism in Costa Rica is still relatively young, with both local and international travelers visiting the Central Pacific I feel Jaco is in a strong position to benefit over the long run.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

jaco costa rica home for sale townhouse near los sueños 32

Home Near Los Suenos and Beach Just USD $269,000 – Financing Available

For any questions you have about this property click here to contact the listing agent.

Tremendous value on this home for sale in Las Lomas Residences of Herradura. Located just short walk from the Los Suenos Resort, championship golf course, and a half mile from Herradura beach, this popular residential community is an excellent option for someone looking for a turnkey home in Costa Rica.

Sold fully furnished, home features 3 bedrooms, 3.5 bath, with single car garage and private yard area. Community features common area pool and gated 24/7 security. Strong demand with rentals for anyone seeking rental income property. Seller has priced to sell quickly, and is open to offering financing. Monthly HOA fees are only $200 a month while annual property taxes are less than $900 per year!

Please contact for more details.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

Steps to the Beach – Affordable Beach Condo in Jaco – USD $159,000

For any questions you have about this property click here to contact the listing agent.

Affordable condo for sale just steps from the sand and waters of Jaco Beach. Enjoy a beautiful, tropical setting in this 2 bedroom, 2 bath furnished condo.

This small boutique development features just 17 condos in total. Featuring gorgeous, lush, landscaping, common area pool, bbq and 24/7 gated security.

On site property management makes it convenient for those seeking a vacation rental property. Located on the south end of Jaco, this 2 bedroom/2 bath condos comes fully furnished and is just steps from the sand and some of Costa Rica’s best surf.

Listed at $159,000


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

jaco costa rica resort for sale los sueños 3

Distressed Seller in Los Sueños Resort – From USD $345,000

For any questions you have about this property click here to contact the listing agent.

Distressed seller in Los Suenos Resort is desperate to move multiple properties before the end of September and is willing to sell at very low prices. If you are a cash buyer and can move quickly I encourage you to contact me right away. Options in Bella Vista, Montebello, Veranda, and Colina communities. Please SERIOUS inquires only, options available from $345,000.

The Los Suenos Resort is perhaps THE place for those looking for true luxury living on the Pacific Coast. Los Suenos features an 18 hole golf course, marina, private beach club, spas, casino, restaurants and various residential communities within the resort.

Each residential community features its own secure entrance, along with common area pools and gyms. Los Suenos features both condos and single family homes, and remains one of the most sought out destinations for luxury real estate in Costa Rica.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

jaco commercial building for sale large deluxe suite 1

Prime Commercial Building with Large Deluxe Suite in Jaco – USD $439,000

For any questions you have about this property click here to contact the listing agent.

This large mixed use building has endless possibilities. Located in the heart of the Herradura Jaco corridor, take advantage of its prime location with one of the busiest areas in the region. The large 8000 square feet space is currently an Art Gallery, with large workshop, while owners reside in the chic 2000 square foot penthouse style loft.

The downstairs space could easily be used for many business ventures including manufacturing, distribution center, storefront, or as a restaurant. Appraised at nearly $700,000 but sellers have priced to sell at $439,000, much below replacement value making it one of the best values in the region.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.

jaco costa rica condo for sale ocean and sunset view 5

Beachfront Condo in Jaco with Ocean and Sunset Views – USD $265,000

For any questions you have about this property click here to contact the listing agent.

Enjoy stunning views of the Pacific waters from your beachfront condo in Jaco, Costa Rica. Located on the south end of Jaco beach, home to some of the most popular surfing in the area. This 2 bedroom, 2 bath condo comes turn key, fully furnished and is one of the best positioned in the complex.

Top floor unit features beautiful vaulted ceilings and amazing ocean and sunset views.

The Paloma Blanca community features 3 common area pools, bbq area and 24/7 gated security. One of the best values currently on the beach, if you are looking for oceanview at a great price then I’d encourage you to take a look at this Costa Rica property.


For more information about quality homes, condo apartments and lots for sale in the Jaco area on the Central Pacific coast of Costa Rica, please contact our recommended, bilingual, reference-checked Costa Rica Realtor David Karr using the simple form below:

Get More Information Here!

For more real estate for this region at the WeLoveCostaRica jaco listings page, click here.