To find a house or land to purchase look for a well-recommended realtor who can identify true market value like the real estate agency we list in this section. You may also want to see the listings in the back of the Tico Times. If you want to save money, look in the local Spanish newspapers La Nación or La República because prices are more realistic. Also, look around; go door-to-door in areas you like; and talk to other expats. Also if you drive around an area you like you are bound to see a number of for sale signs for properties that are not listed in the newspaper.

Keep in mind that housing costs are much higher in gringo enclaves like Escazú and Rohrmoser. Be sure to remember that the farther away you live from San José and other cities the more you get for your money

The pricing of land in Costa Rica can be relative. One way to find out is to hang out with the locals and see what land is really going for in an area. By cross referencing one can usually arrive at the real value of property in a specific area. Another method of pricing is for some to put a value on it according to what they need. A property may only be worth $10,000 but the owner needs $15,000. So he puts an arbitrary asking price of $15,000 on the property. The best way to find the true value is to compare the price of similar properties in the area, look for a motivated seller work with a competent broker who knows the area. Many established brokers have sold properties in the area and keep a list of their pervious sales. Some foreigners, including North Americans, charge outrageous prices to make a quick buck. So, be careful with whom you deal.

To find a good buy in real estate, you should study the market. It is also a good idea to negotiate in colones since you will come out ahead in the long run as the colón continues to devaluate. This will make your home appreciate over time. Don’t depend too much on the newspaper. Talk to as many people as you can. Nothing works better than word of mouth for finding good deals. Practice your negotiating skills. Ticos love to haggle. You may be better off having a trustworthy, bilingual Costa Rican search for you and do your negotiating. Your realtor or lawyer should also be able to assist you.

For more information contact Prime Costa Rica real estate and retirement properties or call toll free 1 888 581 1786.