If you follow Costa Rica much, you probably know that October is a very rainy and very slow time of year for tourism and business. For some it’s a good time to start preparing for the upcoming high season and for others it’s a great time to begin planning their vacation for the Costa Rica summer months.........
but for astute real estate investors, this time of year presents something else, the best time of year to purchase real estate. Let me explain why. One of the slowest times of year in Costa Rica is the beginning September till about Thanksgiving. The reason for that is quite simple, it’s the time of year we see the most rain, but more importantly it’s when schools start up in the U.S. and really marks the end of summertime in the U.S. Naturally many families get tied up with starting up school, activities, and other priorities that just take away from even thinking about vacations, let alone buying real estate in Costa Rica. This of course leads to a drop off in interest and leaves a lot of sellers anxiously waiting for the upcoming high season in hope of making a sale. Meanwhile these sellers are left holding their properties for the slowest time of year meaning little rental income. All of this gives you great leverage as the buyer. What’s also key to point out is that sellers always feel they can command more during the high season, so waiting 3-4 months can actually produce a big swing in price. On top of all that, purchasing this time of year can be structured so you can close between Thanksgiving-mid December, positioning yourself at the perfect time to rent out your property at the peek of high season. Plus, lets not fail to mention that flights, hotels and travel costs are much less during October.
If you are thinking of purchasing in Costa Rica in the next few months and are in position to move at anytime, I highly encourage to talk to your realtor to review the best deals on the market and see if you can make October or November your favorite time of year in Costa Rica. If you are serious about purchasing real estate in Costa Rica and could close in the next 30-60 days please contact to consult on the best deals in the Central Pacific. David Karr 1.866.403.1345
Why Buy Costa Rica Real Estate in October/November?
Providing you with real estate tips, deal alerts and news for the Jaco area.