Published · September 14, 2026
A Simple Guide to the Purchase Process
Congratulations on finding a property that interests you. Below is an overview of the typical process for purchasing real estate in Costa Rica.
Before you start a serious search, decide how you plan to fund the purchase. Will you need to sell an existing property? Liquidate investments or stocks? Transfer funds from another account? Or do you already have funds ready? Understanding your financing strategy early helps the transaction stay smooth—and lets you move when the right property shows up.
These are important considerations to settle before you move forward with a purchase.
The typical steps
1. Submit an offer
Once you have selected a property, your real estate advisor prepares an Offer to Purchase. It outlines the proposed purchase price, deposit amount, due diligence period, closing date, and any additional terms. When both the buyer and the seller have signed, the property is under contract.
2. Earnest money deposit
A deposit is typically required within 10 days after the purchase agreement is fully executed by both buyer and seller. It is generally held in a secure escrow account until closing. The exact amount is spelled out in the purchase agreement.
3. Due diligence period
Typical timeline: 15–25 days. This window is designed so the buyer can investigate and evaluate the property before making a final commitment. On the last day of due diligence, the buyer must either remove contingencies and proceed, or terminate according to the contract.
- Commission a professional home inspection
- Review legal status and title
- Verify surveys, permits, and zoning
- Confirm utility services and access
- Evaluate rental income history and investment potential, if it applies
- Review HOA regulations and fees, if it applies
4. Attorney and escrow services
A qualified real estate attorney plays a critical role. Most transactions use escrow through a licensed provider coordinated by the attorney.
- Title and legal due diligence
- Coordinate escrow
- Verify ownership
- Prepare closing documents
- Register the property transfer
- Facilitate closing
5. Property inspection
Not legally required, but strongly recommended. An inspection may identify repairs or items that need a closer look.
- Structure, roofing, electrical, and plumbing
- Air conditioning, pool, and other mechanical systems
- General maintenance
6. Closing costs
Buyers should budget about 4% of the purchase price. That may include legal fees, government transfer taxes, registration fees, escrow fees, and administrative expenses. Your attorney provides a detailed estimate.
7. Closing day
After due diligence is complete and funds are in escrow: final documents are executed, ownership is transferred, funds are disbursed, the deed is registered, and the buyer receives possession according to the agreement.
Typical transaction timeline
- Day 1
- Purchase agreement signed
- Within 10 days of a fully signed PSA
- Deposit submitted to escrow
- Days 1–25
- Due diligence period
- End of due diligence
- Buyer removes contingencies or terminates
- Closing date
- Transfer of ownership and funds
Your real estate team
Buyers typically work with:
- Real estate advisor
- Real estate attorney
- Escrow provider
- Property inspector