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the negotiation and the option contract
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4. buying: the offer, the negotiation and the option contract
When we find the ideal property for you in Costa Rica, how do you purchase it? First of all you make an offer to the seller. The real estate desk can help you negotiate down the price and include the before mentioned non obvious items in the negotiation. When it comes to a verbal agreement, we make sure the agreement will be put in a legal pre purchase contract, protecting your interests by Costarican Law. We make sure the option contract will be registered in the National Registry to eliminate the possibility that the property owner sells the property to somebody else. 5. transfer of the deed In-between the option contract and the signing of the transfer deed (closing) there is a time frame indicating what the obligations of the seller and the buyer are. These obligations and the time frame are defined in the official option contract. Typical obligations for the buyer: time and amounts of payments Possible obligations for the seller: establishing water, electricity, pay due property taxes, etc. To guarantee that the seller meets the obligations, we sometimes have a sum of money put on an escrow account of a trusted lawyer. After signing the deed, you can always consult the Real estate desk in matters of building, developing, reforestation, etc. |
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