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Get your financial act together before moving to Costa Rica

by guest blogger TicoNuevo Back home, before I tackled the financial flowchart, we were dealing with a number of banks, and credit card and financial institutions; some of whom we felt either we would not need, whose fees would be too expensive to use when moving to Costa Rica or would not be easy to […]

Change in Temporary Costa Rican residency

Change in Temporary Costa Rican residency

Estimated Reading Time: 4 Minutes There have been several changes in the temporary Costa Rican residency policy and law that affect the financial wellbeing of long-term visitors. This includes those visitors applying for one of the three immigrant resident categories. Just before our arrival, Immigration made changes in the temporary Costa Rican residency. We received […]

Costa Rica escrow and real estate closing

Costa Rica escrow and real estate closing

Estimated Reading Time: 5 Minutes What is Costa Rica escrow and what is it used for? Do you need escrow? In short: Costa Rica escrow is a third party that will receive and hold your money for you until you’re ready to close your real estate purchase. All escrow companies are registered with Sugef – […]

What a seller in Costa Rica should do to prepare for a buyer needing a bank mortgage

by Ivo Henfling You are selling your Costa Rica property and your buyer needs financing from a local bank. If your real estate agent is the only agent involved, it will make it for both buyer and seller much easier to deal with as the bank’s loan officers need a constant reminder to keep working […]

Banks pushing credit cards in Costa Rica

Costa Rica bank loses harassment trial for pushing credit cards

Banks are pushing credit cards and Costa Rican courts stopped them. Finally! Years ago, we would all get hundreds of flyers in the mail. Companies offering all kinds of services and products, that we really didn’t need anyway. A few years later, the faxes started, in the middle of the night, because it is cheaper. […]

Soon no more frustrated clients of Costa Rica services?

You and I are probably both frustrated most of the time with the services some larger corporations give, like banks and the utility companies in Costa Rica and in many other parts of the world. Globalization and the large corporations are taking over. Therefore the client friendly smaller companies and mom and pop businesses cannot […]

Costa Rica real estate closing of my life part 1

The nicest Costa Rica real estate closing of my life part 1

I just went through the nicest Costa Rica real estate closing of my life. Even though it was probably one of the most difficult ones too. I have had some really nice closings, But I’ve also had some real impossible ones. Allow me to explain. Well, during this transaction, we went through practically every obstacle […]

Costa Rica real estate closing of my life part 2

The nicest Costa Rica real estate closing of my life part 2

I hope you’ve read part 1 of this blog series about the nicest real estate closing of my life. Not every Costa Rica real estate closing is fun. Who had expected that the bank appraiser obliged to seller to get involved in all kinds of extra payments? Especially because in Costa Rica, you buy a […]