Buying a luxury property isnt for the faint of heart. Given how much youll be spending on that home, its crucial to ensure you get your search off on the right track.
Do your research
Research gives you a solid foundation to base your buying decisions on. Check out the market to get a better idea of what you want and dont want, says the Business Insider.
Know the costs
Prices for luxury villas for sale in Costa Rica have seen significant increases over the last few years. If you plan on selling the property later on, the best time to invest would be now. As more and more international buyers invest in overseas properties, you could find yourself with a bit more competition as you try to find the best properties in the lot.
Getting an agent
Expect a ton of paperwork. This can be stressful and headache-inducing. Spare yourself the time and trouble by hiring an agent to help you work through them. Also, filing mistakes could delay the processing and mean more delays and wait times for you. Hiring an agent will mean someone can read through your paperwork, check for filing mistakes and help you through the steps.
Fix your finances
Before you browse through those luxury villas for sale in Costa Rica, fix your finances. Pay off all your debt, have a good credit standing and avoid moving your funds around 6 months before you plan on acquiring any property. Those are going to help give a favorable impression of your financial standing.
Go beyond the photos
Photos can lie. If taking a trip to see the property first hand isnt possible early on during your search, use Google Earth to check out whats around the property. That way, youll have a better idea of what youre dealing with.