Should I work with a real estate agent to sell my property?

While you can sell your property independently, working with an experienced real estate agent significantly increases your chances of securing the best price. Most buyers begin their property search online, and an agent ensures your listing gets the exposure it needs. Additionally, a knowledgeable agent can help navigate legal requirements, market trends, and negotiations, making the process smoother and more profitable.

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Is a lawyer required to sell property in Costa Rica?

Yes. A lawyer is essential for completing the legal transfer of property. The process must be formalized through a Notary Public, who will oversee the transaction, verify documents, and ensure taxes and fees are properly paid. Having your own attorney ensures your interests are protected throughout the sale.

 

How do I determine the right asking price for my property?

Property value depends on various factors, including location, size, condition, and market trends. A comparative market analysis (CMA) from a real estate professional can help determine a competitive price based on similar properties in the area.

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Is it beneficial to list my property with multiple real estate agents?

Yes, Costa Rica allows open listings where multiple agents can list your property. However, we recommend working exclusively with one reputable agency. Since there’s no centralized MLS system, listing with multiple agents doesn’t always mean greater exposure. A dedicated agent can provide a strategic marketing plan, focused promotion, and better representation of your property.

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What is the typical timeline for selling a property in Costa Rica?

The timeline varies based on pricing, location, and market conditions. Properties in high-demand areas may sell faster, while others can remain on the market for one to two years or more. Proper pricing and effective marketing are key to reducing selling time.

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What costs are associated with selling a property?

Common expenses include:

• Real estate commission + VAT 

• Capital gains tax (applicable if it’s not your primary residence)

• Legal fees

• Other potential costs, such as resolving property tax issues, correcting boundary discrepancies, or updating corporate ownership information.

 

How can I effectively market my property?

A strong marketing strategy includes professional photography, online listings, social media exposure, and targeted promotion through a reputable real estate agency. Exclusive listings often receive enhanced visibility and dedicated marketing efforts.

Selling your property in Costa Rica can be a rewarding experience when handled correctly. If you’re considering selling, contact us today to learn how we can assist you.