Highlights
- Transaction Costs
- Transfer Taxes, Stamps and Legal Fees for Notarization of Title Deed
- Legal Due Diligence
- Survey of Land
- House Inspection
- Any Other Due Diligence that the Buyer Requires
- Escrow Fees
- Set Up of Corporation
- Get Expert Guidance on Your Real Estate Journey
- About the Author
When purchasing property, it is important to factor in the transaction costs that you will need to cover as the buyer. It is standard practice here in Costa Rica for the Seller to pay the real estate commission and the Buyer to pay for the closing costs.
Below is a list of the costs that the buyer will be expected to cover and which must be factored into the overall budget for the property. Approximately closing costs for a buyer will be somewhere between 4% and 5% of the purchase price, depending on the size of the transaction. So if you are purchasing a house for $400,000, your transfer tax and legal fees will be approximately $18,000.
Transaction Costs
(1). Transfer Taxes, Stamps and Legal Fees for Notarization of Title Deed
This is set by law. Transfer taxes are 1.5%. Legal Fees for notarization of the transfer deed will be between 1% and 1.5% depending on the value of the transaction. The total of legal fees would normally be expected to be somewhere between 3.5% and 4%.
(2). Legal Due Diligence
Normally the lawyer will include the costs of the due diligence in the above fees. However, for smaller transactions they sometimes add on additional fees.
(3). Survey of Land
Approximately $1000 to $1500 + 13% sales tax
(4). House Inspection
Approximately $1000 to $1500 + 13% sales tax
(5). Any Other Due Diligence that the Buyer Requires
This could include a quality or pump test of a well, a soil test. or anything else that the buyer wants to check on.
(5). Escrow Fees
These depend on the purchase value but would likely be around $1,000 to $1,500.
(6). Set Up of Corporation
If you decide to own the property in the name of a corporation, your lawyer will charge you anywhere from $750 to $1,500 to set this up.
Get Expert Guidance on Your Real Estate Journey
Buying a property is a major investment — and understanding closing and transaction costs is key to making informed decisions. Please feel free to contact us if you’d like more information on the purchasing process or need help navigating your next real estate transaction. Our team is here to make it clear, simple, and successful for you.
About The Author
With over a decade of experience in real estate, I specialize in helping individuals and families find the perfect property to suit their lifestyle and goals. Whether it's a dream home, a vacation retreat, or a smart investment, I'm passionate about guiding clients through every step of the buying process with honesty, insight, and a deep understanding of the market.
Originally from England, I've called Costa Rica home for more than 16 years. Living and working here has given me a unique perspective on the local real estate landscape and the lifestyle that draws so many people to this beautiful country.
I am always ready to share practical advice, market insights, and personal experiences to help others make informed decisions about property in Costa Rica. If you'd like to get in touch, feel free to email me at josie@2crsantateresa.com I'd be happy to answer any questions or assist you in any way I can.
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