Comments on: Costa Rica Talk Radio #15 – Ivo Henfling Interview – Part Two http://www.costaricatalkradio.com/2007/10/03/costa-rica-talk-radio-15-ivo-henfling-interview-part-two/ Podcast Show offering Interviews, Videos, Sound Scene Tours, Travel Tips, and News about Costa Rica Thu, 17 Nov 2011 19:52:09 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Alan http://www.costaricatalkradio.com/2007/10/03/costa-rica-talk-radio-15-ivo-henfling-interview-part-two/comment-page-1/#comment-35 Alan Fri, 11 Apr 2008 18:45:44 +0000 http://www.costaricatalkradio.com/2007/10/03/costa-rica-talk-radio-15-ivo-henfling-interview-part-two/#comment-35 Hi Diana, There really isn't a standard custom. The custom in Costa Rica is that there is no custom. :-) In your case, if you don't have a signed Option Agreement or Purchase Agreement signed by the Seller and with a deposit in play either in escrow or with the Seller – there is no deal and the Seller can sell to anybody he wants – However be aware here of Sellers that once you accept their price then turn around and jack it up when you are about to sign - It happens so be aware. Since there is no standard customs-Each transaction can be different. In the scenario you described, I'm afraid it appears you will need to start looking for another condo. If you want to understand more about real estate legal transactions in Costa Rica, I would suggest my brother Roger's book the Legal Guide to Costa Rica. He is an atty in Costa Rica specializing in real estate transactions. You order from his website: www.costaricalaw.com. Good luck! Alan Hi Diana,

There really isn’t a standard custom. The custom in Costa Rica is that there is no custom. :-)

In your case, if you don’t have a signed Option Agreement or Purchase Agreement signed by the Seller and with a deposit in play either in escrow or with the Seller – there is no deal and the Seller can sell to anybody he wants – However be aware here of Sellers that once you accept their price then turn around and jack it up when you are about to sign – It happens so be aware. Since there is no standard customs-Each transaction can be different.

In the scenario you described, I’m afraid it appears you will need to start looking for another condo.

If you want to understand more about real estate legal transactions in Costa Rica, I would suggest my brother Roger’s book the Legal Guide to Costa Rica. He is an atty in Costa Rica specializing in real estate transactions. You order from his website: http://www.costaricalaw.com.
Good luck!

Alan

]]> By: Diana Brueggemann http://www.costaricatalkradio.com/2007/10/03/costa-rica-talk-radio-15-ivo-henfling-interview-part-two/comment-page-1/#comment-34 Diana Brueggemann Fri, 11 Apr 2008 00:14:59 +0000 http://www.costaricatalkradio.com/2007/10/03/costa-rica-talk-radio-15-ivo-henfling-interview-part-two/#comment-34 I really enjoyed fiding your podcasts and learning about how to ship goods to Costa Rica. I have a question about customs involved in buying a condo in Costa Rica. If you haven't done a show on this, it would be helpful. Our offer to buy a condo in Santo Domingo was accepted by the owner last Friday. We were to wire a downpayment which our lawyer would bring to her the following week. On Monday morning, the owner called our family in Costa Rica to say that she changed her mind because a man who had seen the place a couple of days prior to our visit had returned and wanted the place. Because he was first and offered the asking price as we did, she felt she should sell to him. We were willing to offer more for the place, but our daughter-in-law who is Tica says it is not customary to do so. Is this true? What else should we know about customs involved in buying real estate in this foreign country we love. Sincerely, Diana Brueggemann I really enjoyed fiding your podcasts and learning about how to ship goods to Costa Rica.

I have a question about customs involved in buying a condo in Costa Rica. If you haven’t done a show on this, it would be helpful.

Our offer to buy a condo in Santo Domingo was accepted by the owner last Friday. We were to wire a downpayment which our lawyer would bring to her the following week. On Monday morning, the owner called our family in Costa Rica to say that she changed her mind because a man who had seen the place a couple of days prior to our visit had returned and wanted the place. Because he was first and offered the asking price as we did, she felt she should sell to him.

We were willing to offer more for the place, but our daughter-in-law who is Tica says it is not customary to do so. Is this true? What else should we know about customs involved in buying real estate in this foreign country we love.

Sincerely,

Diana Brueggemann

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