why david karr is your choice when considering real estate in costa

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REAL ESTATE TOURS
WHY DAVID KARR IS YOUR CHOICE WHEN CONSIDERING
REAL ESTATE IN COSTA RICA
Professional Service, Experience, Knowledge, and Integrity.
Welcome, my name is David Karr and I put
this packet together to help you more with your
but can guide you in other areas of Costa Rica as
well.
search. Originally from Washington State, I made
I am part of DayStar Properties, an
the move to Costa Rica in 2005 where I not only
independent office committed to professional
fell in love with the country, but my future wife as
excellence, integrity and service. DayStar, whose
well. Shortly there after I began working in real
founding and guiding principles revolve around
estate and since then have been proud to be one
building strong relationships and insuring that
of the most recommended realtors in Costa Rica
every interaction is handled with an attention to
real estate.
detail and personal service. I also have colleagues
Whether you are searching for a retirement
throughout the country, allowing me to ensure you
home or that getaway dream vacation home
are dealing with the right professionals in each
you’ve always wanted, I can assist you to begin
area.
that process. With my resources I strive to provide
David Karr was great helping my wife and I find
all of the tools, information, and imagery available
our condo, not only did he make the sale but also
to help you with your search. You will see that
helped with the attorney and closing. David treated
while I have hundreds of listings for you to browse
us more like family than just a customer. David is
at davidkarrproperties.com my real value is in
honest and does what he says he is going to do. He
helping you find exactly what you are looking for,
is the best. ——Bill and Linda Johns
while ensuring a safe and secure transaction. I
Jacksonville Florida.
specialize in properties in the Central Pacific area,
[1]
David Karr
Recommended Realtor for
Welovecostarica
davidkarrproperties.com to read all of
my testimonials.
Central Pacific
While many prefer Jaco, there
are many other areas in the
Central Pacific I assist with.
Esterillos, Punta Leona,
Hermosa all offer something for
everyone. I can help explain
the different areas more, and
encourage you to explore each
area to find which area is best
for you.
JACO BEACH REAL ESTATE - MARKET ANALYSIS
Jaco and the Central Pacific region truly offer something for
sure we know recent and accurate comparables. Since the opening of the
everyone. Upscale developments like Los Suenos,
new Caldera highway we have seen a strong demand and sales in several
beachfront condos, single family homes, all of it
different communities in Jaco. With the proximity to San Jose, we expect
can be found in this area. To help
understand our market it is important you
work with a knowledgeable realtor. Each
development can range but below I have
provided a small snapshot of the real
estate market in Jaco (2012). I work hard to
to continue seeing a number of buyers from that market, as well as
Need
Financing? I can
explain your
options.
increased interest from American and Canadians who are looking to retire
in Costa Rica. This is an excellent opportunity to purchase in Costa Rica,
but first let me help you understand the market more so when you are
ready you can rest assured that you are making the best decision
possible.
help educate my clients the value of different
properties in Costa Rica so they can make a better
decision with their investment. I also monitor sold properties to help make
JACO SNAPSHOT
DIRECT
BEACHFRONT
DIRECT/
OCEANVIEW
BLOCK FROM
THE BEACH
SINGLE FAMILY
HOMES
From $265,000
You’ll be on
the beach, but
have limited
views.
From $330,000
Direct
beachfront
with
unobstructed
oceanviews.
From $165,000
Limited views,
but proximity
to the beach.
From $195,000
Ranging in
size and
location,
luxury homes
up to $2.5
million.
[2]
THE CENTRAL PACIFIC
CENTRAL PACIFIC
The Central Pacific remains one of the most
sought out destinations both for vacations and
retirement. Jaco, Herradura, Esterillos, Punta
America.
ESTERILLOS
Esterillos is just a 20-30 minute drive south
Leona, Hermosa all offer something for
of Jaco. A bit more secluded but you’ll still find
everyone. I can help explain the different areas
a few botique hotels and restaurants in the area.
more, and encourage you to explore each area
The Esterillos area also has excellent surfing,
to find which area is best for you, but here are
and some of the area’s most beautiful beaches.
some short summaries of the different areas.
HERRADURA & PUNTA LEONA
JACO BEACH
Herradura, located just a few miles north of
Jaco is truly the hub of the Central Pacific.
Located just over one hour from San Jose, it
offers plenty of services for everyday living.
Banks, grocery stores, clinics, pharmacies,
restaurants, even a cinema and performing arts
theater. Even if you find Jaco is not for you,
you’ll find that the proximity to Jaco and its
services is a very important draw for the Central
Pacific.
Jaco, is home to the Los Suenos Resort. The
draw to this region is naturally Los Suenos, but
others also like the proximity to both Jaco and
the golf course and marina. Punta Leona
remains an older developement of primarily
Costa Rican families. Newer construction is
limited in the area, but the stunning beaches of
Punta Leona are a fantastic amenity for those
living in the area. Located just about 20 minutes
south of Jaco.
HERMOSA
Hermosa is just a couple miles south of
Jaco Beach. You’ll find much less development
in the Hermosa area, so options for real estate
are a bit more limited. The Hermosa area is
typically the place to be if you are a diehard
surfer, as the beach there is considered
An Active Lifestyle
One of the greatest parts
of the Central Pacific are
the amenities and
recreational activities.
Hiking, surfing, yoga,
biking, fishing are just
some of the healthy
activities you can enjoy
every day. And of course
warm weather all year
long!
worldclass and one of the best in Central
Central Pacific
Features
Great Access
Amenities & Infratructure
[3]
OTHER AREAS
Escazu, Manuel Antonio & Dominical are
also some very popular areas in Costa Rica.
Contact me to learn more about other regions.
davidkarrproperties.com
BEACHFRONT
OWNING FEE SIMPLE, FULLY
ownership and possession of the shoreline
TITLED BEACHFRONT
la Zona Maritimo) which restricts the possession
The most comprehensive form of property
governed by the Maritime Zone Law (Ley Sobre
and ownership of beach front property. A
ownership in Costa Rica is fee simple
concession in Costa Rica is defined as the right
ownership. The conditions for this type of
to use and enjoy a specific property located in
ownership are the same for Costa Ricans as
the maritime zone for a pre-determined period of
they are for foreigners and guaranteed by the
time. In Costa Rica, 95% of beachfront property
Costa Rican Constitution. The concept of fee
is considered Concession Property. By law, this
simple ownership is the same in Costa Rica as
is the first 200 meters of beach front, measured
in the US. Basically, it gives the owner of the
from the high tide markers. This zone also
property the absolute right to materially own the
includes islands, pinnacles of rock, mangroves,
property, use it, enjoy it, sell it, lease it, and
estuaries, small islands and any small natural
improve it subject only to conditions outlined in
formation that overcome the level of the ocean.
the Costa Rican Laws. Fee simple also means
Of the total 200 meters, the first 50 are deemed
that if the owner is obstructed from enjoying any
public zones and nobody may possess, control,
of his/her rights to the property, he/she has the
or build on that area. Of the remaining, 150
right to be made whole,or in other words, have
meters, the government, through the local
the property restored to its original condition.
Municipal government, will lease by way of
Buyers who purchase fee simple title have the
concessions of the land to private individuals.
most rights under the law to enjoy and use the
Concession leases are granted for a period of
property as they see fit.
5-99 years. Both foreigners and Costa Ricans
In most cases, beach front property is
untitled property in Costa Rica with the
alike are required to purchase all Maritime Zone
property through concession.
Jaco Beach is known for amazing sunsets, great surf
& beachfront ownership.
FURNISHED BEACHFRONT
FROM $345,000
This beachfront community sits
at the north end of Jaco Beach
Costa Rica. Facing vast
panoramas of the Pacific
Ocean, this beachfront condo
tower boasts spacious 2bedrooms within easy reach of
the varied attractions of
downtown Jaco. Modern
architecture and sweeping
ocean views promise the perfect
setting.
[4]
WHAT ABOUT RENTING OUT MY
HOME OR CONDO?
Many people who purchase in Costa Rica
only use their property a portion of the year, so
during the time they are not here they rent out
their property. This is a great way to offset the
including water, common area pools, security,
cable tv, interenet and insurance. Even if you are
not in a “community” you will still most likely face
LOS SUENOS
maintanance costs for your home. What is
important is you budget and factor all the annual
costs into your budgeting.
carrying costs of owning, and in many cases an
opportunity to provide solid rental income on
IS THERE FINANCING IN COSTA RICA?
your investment.
It’s important when considering a property
to be used as vaction rental you understand that
all properties in Costa Rica are clearly not
created equal. View and location are pivotal, but
equally important is the rate that is set. One of
the most valuable insights I can provide is
consulting and educating clients on the vacation
rental market. Understanding the differences and
can sometimes make a difference on which
property or location you choose.
It is nearly impossible for foreigners to
qualify for financing with Costa Rica banks.
Financing in Costa Rica is pretty much limited to
developer and seller financing. More and more
sellers are offering some sort of short term
financing and fairly negotiable with terms and
rates. In general, if you are searching for
financing in Costa Rica, it is good to plan to put
at least 25% down, rates between 7-9% and
balloon payments within 5-7 years. If you would
like more information on financing please contact
me.
TAXES & MAINTENANCE
Real estate taxes compared to North
America is quite low, just .25% of the purchase
Many owners rent out their
properties as a vacation rental.
price, meaning a $200,000 property would just
be $500 a year! Condo and home communities
will have some sort of home owner dues, but
many times it provides a number of services
SNAPSHOT HOMESITES
OCEANVIEW MOUNTAIN
LOTS
VIEW LOTS
BEACH ACESS
From
$150,000
Half to
one acre
lots up to
$300,000
depending
on access
and view.
From $50,000
Smaller in
size 1/8th
acre, limited
supply.
From
$65,000
Half to
one acre
lots.
Large
supply
available.
FULL LIST LOS SUENOS
LISTINGS - From $295,000
The Los Suenos Resort remains
one of the most sought out
destinations in Costa Rica. With
a marina, golf course and beach
club its hard to beat. Contact
me to receive the full list of all
available properties for sale in
the Los Suenos Resort.
[email protected]
Call Direct 707.962.4482
Costa RIca Cell 8718.7217
[5]
READY FOR A TOUR?
LET US HELP YOU PLAN YOUR TRIP TO COSTA
RICA AND GIVE YOU A TOUR
The internet now allows people to review all
Population (July, 2006): 4,075,261.
sorts of properties online, and while that is
Capital: San José; population in
important there is nothing that replaces seeing
Metropolitan district: 1,527,300;
Costa Rica for yourself. Many people I speak
elevation: 2,950-34,260 ft.
with spend months even years looking at
(900-1,300 m).
property before ever even making a trip to Costa
Language: Spanish, English,
Rica. Our office encourages you to save time
Caribbean Creole English.
and wait till you come down till beginning your
Religion: Roman Catholic
search for real estate. There are many different
76.3%, Protestant, around
areas of Costa Rica and various types of
15.7%, others 4.8%
properties for you to explore, so let’s focus first
plus 3% Jamaican
on finding the right area for you and then search
descent in the Caribbean, 1%
for real estate. I can help with your travel and
indigenous groups, and between 10-15%
accomodations.
Nicaraguan
Beach Homes
from $235,000
Main economy: depends on tourism, agriculture
FACTS ABOUT COSTA RICA
A democratic republic since 1821, Costa
Rica also abolished its military forces in 1948. Its
reputation for being one of the most stable and
prosperous nations in the region, plus the
friendliness of its people, natural beauty and
benign climate make it a magnet for around
one-and-a-half-million international tourists each
year.
Area: 19,730 sq. mi. (51,100 sq. km.)
Slightly smaller than W. Virginia, or slightly
bigger than Vermont and New Hampshire
(bananas, coffee, pineapples, sugar, rice),
electronic component exports
(microprocessors).
Currency: Costa Rica colon (CRC), currently
about ¢505 = US$1 as of January 2012
Airports / airstrips: 157, of which 2 are
international (San José and Liberia)
Tourists: Approximately 2,100,000 in 2011.
Upwards of 40,000 American citizens
reside in Costa Rica, and over
1,000,000 North Americans visit
PLANNING A TRIP
TO COSTA RICA?
annually as tourists.
ASK ME ABOUT DISCOUNTED
combined.
Coastline: 801.5 miles (1,290 km)
VACATION RENTALS
Climate: Tropical/sub-tropical (Pacific/Central
Valley dry season: December – April; rainy
season: May – November;
Caribbean driest months: September-October).
CONTACT
FOR ALL YOUR REAL
ESTATE NEEDS IN COSTA
RICA
Call U.S. Direct
DAVID KARR
Costa Rica Sales,
Marketing & Consulting
Go to
davidkarrproperties.com
[6]
707.962.4482 or
Costa Rica 8718.7216