First-Time Homebuyer’s Guide

Buying your first home is exciting—but it can also feel overwhelming, especially in a foreign country where the process may differ from what you’re used to. In Costa Rica, the journey from pre-approval to closing follows a clear structure, and knowing each step in advance helps you move forward with confidence.

Step 1: Get Pre-Approved

Before you start house-hunting, it’s smart to understand your budget. In Costa Rica, local banks and some international lenders offer financing, though terms may vary. A pre-approval letter not only sets your price range but also signals to sellers that you’re a serious buyer.

Step 2: Find the Right Property

With your budget in hand, the fun begins. Whether you’re looking in Escazú, Santa Ana, Guanacaste, or the Central Pacific, working with a trusted real estate professional makes all the difference. They’ll help you navigate neighborhoods, compare properties, and evaluate long-term value.

Step 3: Make an Offer

Once you’ve found “the one,” it’s time to make a formal offer. In Costa Rica, offers are typically submitted in writing through your real estate agent. Negotiations are common, and having local expertise on your side ensures you understand cultural nuances and market trends.

Step 4: Due Diligence

This is where your attorney comes in. In Costa Rica, attorneys also serve as notaries, so they handle much of the transaction process. During due diligence, your lawyer will:

• Verify the property title and ownership
• Check for liens or restrictions
• Review zoning regulations
• Confirm property boundaries with a surveyor

This step protects you from surprises and ensures the home you’re buying is legally sound.

Step 5: Secure Financing or Finalize Payment

If you’re financing, this is when your bank finalizes the loan. If you’re purchasing with cash, funds are usually transferred into a secure escrow account until closing day.

Step 6: Closing

Closing takes place in front of a notary public (your attorney), who records the transfer with the National Registry. At this point, you officially become the property owner. Keys are handed over, and the adventure begins.

Why It Matters for First-Time Buyers

Understanding the process from the start prevents stress and delays later on. When you know what to expect—pre-approval, offers, due diligence, and closing—you can focus on finding a home that truly fits your lifestyle.

Guiding You Every Step of the Way

At Luxury Homes Costa Rica, we specialize in guiding first-time buyers through the details of purchasing property here. From connecting you with trusted legal experts to showing you the most sought-after communities, our team ensures your experience is smooth, transparent, and secure.

✨ Explore our exclusive listings: www.luxuryhomescr.com
???? Subscribe to our newsletter for expert real estate tips, updates, and market insights: Click here