The process is similar in spirit but different in structure.

In the United States, real estate transactions are governed by standardized MLS systems, escrow companies, and consistent state-level regulations. Costa Rica’s market operates differently. There is no centralized MLS, title insurance works differently, and the attorney – rather than a title company – plays a central role in closing. Understanding these differences upfront prevents delays and missteps.

The purchase agreement and due diligence period look different.

In Costa Rica, the purchase contract (typically called a Promesa de Compraventa, or Promise of Sale) is drafted by a local attorney and serves as the binding agreement. It outlines deposit terms, contingencies, and timelines. Due diligence – including title searches, survey verification, and zoning confirmation – happens within this window. Buyers should expect this process to take longer than a typical U.S. closing.

Financing is available but different.

U.S. buyers cannot use their domestic mortgage to purchase in Costa Rica. Local bank financing exists but comes with higher interest rates and stricter requirements for non-residents. Most U.S. buyers purchase with cash or by leveraging equity from a U.S. property. Seller financing is also more common in Costa Rica than in the U.S. market.

Working with a U.S.-based agent who knows both markets is a real advantage.

TRREG bridges the gap between what buyers know from the U.S. market and what they need to understand about Costa Rica. We translate the process, coordinate with local attorneys and co-listing partners, and help you move through the transaction with clarity – not guesswork.

Tiffany Russell Group