Your SlideShare is downloading. ×
0
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Costa Rica - Allen Lungo
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Costa Rica - Allen Lungo

357

Published on

PowerPoint provided by Allen Lungo, Costa Rica Global Association of Realtors for the Florida Gulf Coast Tour …

PowerPoint provided by Allen Lungo, Costa Rica Global Association of Realtors for the Florida Gulf Coast Tour
November 2012

Published in: Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
357
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Costa Rica
  • 2. Do Your Dreams Fit?
  • 3. Presenter:Allen LungoPresident: Costa Rica Global Association of Realtors (CRGAR) The Costa Rica MLS (CRMLS)Founder/Partner: The Summerland Group Vacation Rentals of Tamarindo Costa Rica Real Estate Store Summerland Property Management Costa Rica Welcome CentersExecutive Vice President: Proxio, Inc.Do Your Dreams Fit?
  • 4. Amy Seeks: Smith & Associates(Platinum Level Sponsor)Ginger McQuigg: Prudential Tropical(Platinum Level Sponsor)Charles Richardson, Elizabeth Vasti, SabrinaCullen Coldwell Banker Residential Real Estate(Gold Level Sponsor)Kelly Kepler: Engel & Volkers ClearwaterDowntown(Bronze Level Sponsor)Frank Hurley Real Estate(Bronze Level Sponsor)Peggy Naruns: Northstar Realty(Reception Sponsor)Florida Gulf Coast TourThank You Sponsors!
  • 5. Costa Rica/Ready For You!OverviewToday, FutureGuanacaste ProvinceReal Estate, Realtors, ReferralsInvitationDo Your Dreams Fit?
  • 6. Central America Costa Rica Latitude: 9-10 N (Hawaii: 20N) Longitude: 84-85 W (Chicago: 87W) Weather from the East No Hurricanes No Tornadoes Active Volcanoes Seismic Zone 50 Year Quake in SeptCosta Rica Today: LocationFlorida Gulf Coast Tour – Nov 2012
  • 7. Nicaragua Costa Rica Size of W. Virginia Pop – 5 million Costa Rica PanamaCosta Rica Today: Points of InterestFlorida Gulf Coast Tour – Nov 2012
  • 8. Nicaragua Costa Rica Size of W. Virginia Pop – 5 million Liberia (LIR) 2nd Int’l Airport Arenal Volcano Top Tourist Attraction Tamarindo Guanacaste Gold Coast Limon Caribbean Coast San Jose (SJO) Capital,1.5 million Costa Rica Manuel Antonio Top National Park(Visits) Osa Peninsula Top Natural Experience PanamaCosta Rica Today: Points of InterestFlorida Gulf Coast Tour – Nov 2012
  • 9. History:Costa Rica Today: HistoryFlorida Gulf Coast Tour – Nov 2012
  • 10. History: No Ancient Empires Independence from Spain by Letter Sept 15, 1821 Democracy Since 1820’s “Paternalistic” Early History Civil War – 1948 Military Abolished Continuous Period of Peace Since Reputation for Promoting: Human Rights Environmental Awareness Disarmament A Tradition of Welcoming EveryoneCosta Rica Today: HistoryFlorida Gulf Coast Tour – Nov 2012
  • 11. 1st World CountryCosta Rica Today: Current AssessmentFlorida Gulf Coast Tour – Nov 2012
  • 12. 1st World Country Economy: +3.5% growth rate, low inflation, diversifying, no mortgage crisis, free trade Energy: 80% renewable: wind, solar, hydroelectric Education: 97% literacy Health: national health with private pay options, top 4 in lifespan, “happiest place on Earth” Communication: fiber optic internet speeds, 3G cell service ! Tourism: #1/#2 dest, last 2 years g! ing new records, airport improvements vin elp pr o in aH Stable Government Im Ch 2nd/3rd World Infrastructure: Roads, Rail, Ports, MarinasCosta Rica Today: Current AssessmentFlorida Gulf Coast Tour – Nov 2012
  • 13. Costa Rica/Ready For You!OverviewDirections for the FutureGuanacaste ProvinceReal Estate, Realtors, ReferralsInvitation
  • 14. Costa Rica: Green Carbon Neutral by 2021 No More Shark Finning or Exporting of Fins Ongoing Passion! - 27% Park/Protected - Farmers paid to watch trees (not cows) grow - Fastest way to get a cop: start cutting a treeCosta Rica Today: Priorities in NatureFlorida Gulf Coast Tour – Nov 2012
  • 15. Costa Rica: Global Integration Push 1st World Services, Global Trade - New $40 Million Liberia Airport - Free Trade Agreements - Intel: largest microchip plant in the world, #1 export earner Expanded - Baxter medical equipment - IBM Software Research Center - Plasma rocket engine - Call center country - Jet maintenance/upgradesCosta Rica Today: Priorities in Trade, Hi-TechFlorida Gulf Coast Tour – Nov 2012
  • 16. Costa Rica: BluePromote Medical Tourism - Highquality services and care atlow prices relative to the USDental, Vision, Cosmetic Surgery,Rehabilitation, Holistic HealthWork synergistically with travelindustry, related personal and businessservices to offer “medical tourismpackages”Physicians in alliance with thegovernmentCompetition – SE Asia, IndiaCosta Rica Today: Medical TourismFlorida Gulf Coast Tour – Nov 2012
  • 17. Costa Rica: Blue s ! ure edSample Procedures: - $CR / $US ocDental Pr e s ivTeeth Whitening - $250/$700 t enRoot Canal - $315/$800 In eImplant - $1000/$3000 or RE ! M AVeneers - $350/$1250 to IC US g ED th ePorcelain Crowns - $350/$1050 v in MBariatric o w of M lo eGastric Band - $10,500/$30,000 Al sidPlastic/Reconstructive Surgery to ut s O e s rs eFacelift - $4,700/$12,000 gr u n bRhinoplasty - $2,500/$8,000 l Co imBreast Augmentation - $2,700/$7,500 el Re T toBreast Lift - $3,800/$9,000Liposuction - $3,900/$8,000Tummy Tuck - $4,500/$10,000Costa Rica Today: Medical TourismFlorida Gulf Coast Tour – Nov 2012
  • 18. Costa Rica: Retirement National Policy: - Encourage 80 million baby boomers to come – Each one adds 4 permanent jobs to CR Immigration: Streamlined rules of residency: 6 Months Health: public health system coverage $22 per month, drop Medicare Part B Cost of Living: taxes, prop insurance, clothing, phone, local food, no heat for home, caretakers/aides Low Stress!Costa Rica Today: RetirementFlorida Gulf Coast Tour – Nov 2012
  • 19. Costa Rica: Education Family/Childhood Experience K-12 (1-3 years) Public/Private Schools Bilingual Private Tuition - $2,500-$10,000/year Intense Language Instruction 1- 24 weeks Multiple Locations Professional Focus New – CRGAR Realtor Institutes CIPS – February 11-15, 2013Costa Rica Today: Educational PrioritiesFlorida Gulf Coast Tour – Nov 2012
  • 20. Costa Rica/Ready For You!OverviewDirections for the FutureGuanacaste ProvinceReal Estate, Realtors, ReferralsInvitation
  • 21. Guanacaste Province- Northwest Pacific Coast Papagayo Hermosa Liberi a Las Catalinas Potrero Flamingo Nosara Samara Tambor New Liberia Airport TerminalCosta Rica Today: Guanacaste OverviewFlorida Gulf Coast Tour – Nov 2012
  • 22. Guanacaste Province- Northwest Pacific Coast Papagayo- Becoming an economic Hermosa Liberidriver thanks to international aairport, inbound visitor volume Las Catalinas Potrero- Shifting from rural to Flamingoresort, retirement, development,“California” of CR- Bi-lingual province resortareas dominated by English Nosara- 2 new private hospitals Samara- New Global Destination - Tambor New Liberia Airport TerminalCosta Rica Today: Guanacaste OverviewFlorida Gulf Coast Tour – Nov 2012
  • 23. Guanacaste Province Beaches- Northwest Pacific Coast PapagayoCR’s Best Sunset Beaches Hermosa Liberi a Las Catalinas Potrero Flamingo Nosara Samara TamborWide, World Class SurfingCosta Rica Today: Guanacaste OverviewFlorida Gulf Coast Tour – Nov 2012
  • 24. Guanacaste Province Beaches- Northwest Pacific Coast PapagayoCR’s Best Sunset Beaches Hermosa Liberi a Las Catalinas Potrero Flamingo Nosara Samara TamborIntimate, Tidal Pools, SurfCosta Rica Today: Guanacaste OverviewFlorida Gulf Coast Tour – Nov 2012
  • 25. Guanacaste Province Beaches- Northwest Pacific Coast PapagayoCR’s Best Sunset Beaches Hermosa Liberi a Las Catalinas Potrero Flamingo Nosara Samara TamborWide, World Class SurfingCosta Rica Today: Guanacaste OverviewFlorida Gulf Coast Tour – Nov 2012
  • 26. Guanacaste Province Beaches- Northwest Pacific Coast PapagayoCR’s Best Sunset Beaches Hermosa Liberi a Las Catalinas Potrero Flamingo Nosara Samara TamborPossibly, Most Beautiful….Costa Rica Today: Guanacaste OverviewFlorida Gulf Coast Tour – Nov 2012
  • 27. Guanacaste Province Beaches- Northwest Pacific Coast PapagayoCR’s Best Sunset Beaches Hermosa Liberi a Las Catalinas Potrero Flamingo Nosara Samara Tambor2nd Place, after Conchal….Costa Rica Today: Guanacaste OverviewFlorida Gulf Coast Tour – Nov 2012
  • 28. Guanacaste Province Beaches- Northwest Pacific Coast PapagayoCR’s Best Sunset Beaches Hermosa Liberi a Las Catalinas Potrero Flamingo Nosara Samara TamborPotrero - Best Kept SecretCosta Rica Today: Guanacaste OverviewFlorida Gulf Coast Tour – Nov 2012
  • 29. Guanacaste Province Real Estate Papagayo Hermosa Condominiums Near (Surfing) Beach – Tamarindo Las Catalinas Potrero Flamingo Mid-Market Asking Prices: (furn) 1 bed/1 bath, 700SF, $95K-$175K 2 bed/2 bath, 1100SF $150K-$275K 3 bed/2 bath, 1600SF $245K-$400K Nosara Samara TamborCosta Rica Today: Guanacaste Real EstateFlorida Gulf Coast Tour – Nov 2012
  • 30. Guanacaste Province Real Estate Ocean View Custom Homes – Flamingo Papagayo Hermosa Las Catalinas Asking Prices: (furn) Potrero Flamingo 3 bed/3 bath small - $600,000 average - $950,000 photo - $2,975,000 Nosara Samara TamborCosta Rica Today: Guanacaste Real EstateFlorida Gulf Coast Tour – Nov 2012
  • 31. Guanacaste Province Real Estate Custom Estate Compounds – Tempate Papagayo Hermosa Las Catalinas Potrero Asking Price: Flamingo (furn, 15 mins to beach) 3 bed/3 bath Designer pool 200 Acres of land Nosara Registered well Samara Other buildings $995,000 TamborCosta Rica Today: Guanacaste Real EstateFlorida Gulf Coast Tour – Nov 2012
  • 32. Guanacaste Province Real Estate Papagayo Low-Rise Condos 3 Min to Beach– Hermosa Potrero Las Catalinas Potrero Flamingo Nosara Samara Mid-Market Asking Prices: (furn) Tambor 1 bed/1 bath, 700SF, $120K-$175K 2 bed/2 bath, 1100SF $189K-$265K 3 bed/2 bath, 1600SF $209K-$295KCosta Rica Today: Guanacaste Real EstateFlorida Gulf Coast Tour – Nov 2012
  • 33. Guanacaste Province Real Estate High-Rise Ocean View Luxury Condos – Langosta Papagayo Hermosa Mid-Market Asking Prices: (furn) Las Catalinas Potrero Flamingo 1 bed/1 bath, 900SF, $199K-$240K 2 bed/2 bath, 1400SF $250K-$395K 3 bed/3 bath, 2200SF $440K-$660K Nosara Samara TamborCosta Rica Today: Guanacaste Real EstateFlorida Gulf Coast Tour – Nov 2012
  • 34. Guanacaste Province Real Estate Papagayo Ocean View Lots – Pacific Heights Hermosa Las Catalinas Mid-Market Asking Prices: Potrero (with water, electricity available) Flamingo 1-1/4 to 1-3/4 acres, $110K-$235K Nosara Samara TamborCosta Rica Today: Guanacaste Real EstateFlorida Gulf Coast Tour – Nov 2012
  • 35. Costa Rica/Ready For You!OverviewDirections for the FutureGuanacaste ProvinceReal Estate, Realtors, ReferralsInvitation
  • 36. Priced in US DollarsCosta Rica Real Estate 90% Sales Are Cash Foreign Investors may own 100% of assets – real estate, corporations (except some coastal property) Just One Signature! National Public Registry Unique ID for Every Property all legal conditions, titles, surveys, documents, meetings, etc. If not recorded in Spanish, it didn’t happen. All records online, except surveys. Due Diligence research contingencies, must be included in every offer, and Villas Casa Loma – Flamingo checked by your attorney.Costa Rica Today: Aspects of OwnershipFlorida Gulf Coast Tour – Nov 2012
  • 37. Costa Rica Real Estate Assets Are Owned with Corporations – limits future liability to the value of the asset, lower transfer taxes at sale New vs. Existing Corporations – hidden liabilities, claims, suits Transfer Taxes – Sell the shares vs. sell the asset – affects tax rate and value for property taxes Escrow – SUGEF, Stewart Title, Chicago Title Title Insurance – not required, unless lender involved, but can be wise Casa del Suenos – Potrero investmentCosta Rica Today: Aspects of OwnershipFlorida Gulf Coast Tour – Nov 2012
  • 38. Property Taxes – 1/4Costa Rica Real Estate of 1% per year! In concession areas – negotiated fees Property Insurance Sold by gov’t, all risks including earthquake, $600 per $100,000, no need for full value coverage Condos Are Special! Separate Condominium Law – strict, effective By-laws must be available and recorded before closing. History of all prior association meetings should be available, as well USE A REALTOR!Crystal Sands Beachfront Condo – Langosta USE A LAWYER!Costa Rica Today: Aspects of OwnershipFlorida Gulf Coast Tour – Nov 2012
  • 39. Costa Rica RealtorsNo Legal Licensing of RealtorsBoom – Taxi Drivers, Waiters,Surfers..80% of listings are open/non-exclusiveCrash – Cleaned up situation, but…..Licensing Law Unlikely NowNow – Rely on the AssociationsMembers accept/pay for rules, trainingNAR Relationships - Worktogether more willingly13% Professional Services TaxTo Work Legally:Must Be a Resident – Retired,Start a Business, Buy aProperty Worth $200,000Register to Pay TaxesUse Immigration Consultant!Costa Rica Today: RealtorsFlorida Gulf Coast Tour – Nov 2012
  • 40. Costa Rica Realtors www.CRGAR.com Formed in 2001 in Guanacaste Becoming National Organization – initial focus in Guanacaste, now bilingual Only Association Requiring All: NAR Membership ICREA Membership Costa Rica MLS Participation Training Classes after Acceptance Award Peer Credential: “CRGAR-Licensed Realtor” Support Community Education Fundraising Events: Golf Tournament and Party Weekend with Sponsor Support Raising Global ProfileCosta Rica Today: GRGAR AssociationFlorida Gulf Coast Tour – Nov 2012
  • 41. Costa Rica Realtors The Costa Rica MLS www.CostaRicaRealEstateMLS.com Proxio Global Database Costa Rica favored by global investors Only CRMLS With All Being True: – All listings are 1) on Public Registry, 2) entered by only seller-authorized agent, 3) posted originally by a CRMLS user - All agent/users are 1) members of CRGAR, NAR, ICREA or linked to them, 2) agree to pay referrals – backed by CRGAR - The service is offered 1) on a non- profit basis by CRGAR, 2) without outside investors seeking profits from real estate sales or unrelated business activityCosta Rica Today: Costa Rica MLSFlorida Gulf Coast Tour – Nov 2012
  • 42. Costa Rica ReferralsGlobal Fee Practices - TypicalNegotiable from 25%-50% dependingon your involvement, # of participantsGet Details in WritingCRGAR – standard form for Costa Rica,or use your ownIf you are having trouble gettingpaid CRGAR can do the most good foryou with one of our own membersYou will have to pay taxes to CR15% is withheld on foreign (referral)payments. Unless you have another taxbasis in Costa Rica, 15% must bewithheld, and you need to send a properinvoice to the person/entity paying thereferral fee.Costa Rica Today: Realtor ReferralsFlorida Gulf Coast Tour – Nov 2012
  • 43. Tamarindo, Costa Rica, February 11-15, 2013 Langosta Site of Classes Walk from Tamarindo Accommodations Main Surf Break Beach Tamarindo Instructor: David Wyant Playa GrandeCosta Rica Today: Invitation to VisitFlorida Gulf Coast Tour – Nov 2012
  • 44. Costa Rica…..Welcoming You!

×