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Eduardo Penalva |
Office 1 (866) 457-1777 |
Cell (530) 949-4829 |
Costa Rica Ocean View Estates
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Costa Rica Real Estate Closing Cost Closing costs for a sale include a transfer land tax, a stamp tax, and legal fees. Closing costs typically run 5% to 6% of sales price and are usually split 50/50 between buyer and seller. The transfer and land taxes are assessed based on the declared value, while legal fees are charged based on "sales price" of the property. Calculation Table for Transfer of Real Estate Example Value $ 100,000 U.S Dollars courtesy of Stewart Title Costa Rica.
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(*) according to specific table rates, shown maximum payment in colones. Note: The notary fees identified in the basic closing costs are for a notary/attorney services in handling the legal processing of the property transfer and written documentation and registration.
However, this normally does not include legal advise or research beyond what is involved in the basic preliminary property investigation.