Seller Financing For A Luxury Home In Santa Ana, Costa Rica
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Seller Financing For A Luxury Home In Santa Ana And A Farm In Puriscal
Costa Rica Realtor Martin Gill
Financing for foreigners still difficult to come by from Costa Rica banks, but sometimes there are options from sellers.
If you are thing of buying a place in Costa Rica and need financing, don't count on the banks here to make it happen. I have been working in real estate for years here and I have NEVER done a deal with bank financing for a foreigner... NEVER!
Santa Ana Luxury Home For Sale
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Many banks here say that they can do it, and there are even mortgage brokers that are supposed to make it easy. However, each time I have tried to do this with a client the amount of paperwork, access to past financial records, rates, and terms end up scaring them off and makes them realize that bank financing is not an option.
The road to Puriscal
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On the other side of the coin, if you are a Costa Rica resident and more specifically a resident without conditions, there are now attractive rates such as 7% fixed for 5 years with BAC San Jose or 100% financing with BCR at 7.75%. So, what does this mean for the retiree, investor, or second home owner?
Puriscal Farm For Sale - With seller financing.
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Well, it means that you need to find a way to get the cash here by leveraging other assets, cashing out assets, or buying with built in seller financing. The subject of financing is one of the first I bring up with my clients so I can help them focus on properties that are attainable with the amount of cash and income they have available. There are some sellers who specifically want to sell with financing. Generally these are short term loans for 3-5 years at 8% or higher. One example in the photographs above is a spacious, brand new house in Santa Ana near Valle del Sol Golf Club listed at $625K.
Puriscal Farm For Sale in Costa Rica
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Another property is this 22.9 hectare (56 acre) farm in Grifo Alto de Puriscal that is ready to develop for $899K (less than $4/meter). It has water, power, and roads in place ready to turn it into a home development, family compound, resort, or hotel. It is often a tough reality check for foreign buyers here but it is realty, so it is best to have this knowledge up front, before you start your search.
Costa Rica Realtor Martin Gill
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Escazu Homes For Sale.For more information about homes for sale in Escazu - an incredibly convenient location which is convenient to practically everything you could wish for - please can contact Martin Gill - one of our Recommended Realtors for the Escazu and Santa Ana area - using the simple form below: 
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Homes For Sale
