Good to see you back on the air, Matt! You gave us more confidence in our purchase. WE LOVE OWNING IN GUANACASTA - so easy, efficient and great in every way! #costaricamatt
In regards to land for sale do a lot of them come with a water letter already in place? Is it difficult to obtain a water letter? I think the term water letter is what it’s called. I could be wrong. I thought that’s what I’ve heard.
Great video and I agree with you about financing a home. What are the closing costs like? I've seen a video where the closing costs were close to $50k for a $600k loan. That's crazy to me, not to mention the interest rate. Do you know what those are currently?
Unfortunately I can't give a lot of info on that as I haven't asked for specifics from lenders. Part of private or seller financing for foreigners buying properties here is always that it's fairly high risk relative compared to normal loans - non resident foreigners couldn't get any other loans because of the inherent risks. So lenders have to adjust for that by charging rates and "it is what it is," loans that tend to be expensive because of the risk involved.
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Good to see you back on the air, Matt! You gave us more confidence in our purchase.
WE LOVE OWNING IN GUANACASTA - so easy, efficient and great in every way! #costaricamatt
Thanks so much Kurt, appreciate it!
Very informative. Thank you for the note on prospective buyers exploring renting, in and around, CR before purchasing.
Thanks
Great Job!!! Thank You... :-)
You are welcome; thank you for watching and commenting!
In regards to land for sale do a lot of them come with a water letter already in place? Is it difficult to obtain a water letter? I think the term water letter is what it’s called. I could be wrong. I thought that’s what I’ve heard.
Great video and I agree with you about financing a home. What are the closing costs like? I've seen a video where the closing costs were close to $50k for a $600k loan. That's crazy to me, not to mention the interest rate. Do you know what those are currently?
Unfortunately I can't give a lot of info on that as I haven't asked for specifics from lenders. Part of private or seller financing for foreigners buying properties here is always that it's fairly high risk relative compared to normal loans - non resident foreigners couldn't get any other loans because of the inherent risks. So lenders have to adjust for that by charging rates and "it is what it is," loans that tend to be expensive because of the risk involved.