Costa Rica Lake Arenal

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Welcome to the MORAN Web site Here you will find our listings and information about moving to costa rica

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Moran Real Estate is one of the oldest established real estate companies In the Lake Arenal area. With over 12 years of experience, we provide our clients with the largest selection of land and homes available. We are a full service agency. We have all the experience and knowledge to make your transition of moving to the Lake Arenal region simple and easy. Our services go way beyond just selling real estate. We can assist you in opening a bank account, getting phone and internet service, getting legal council, applying for residency. And giving you the most up to date information about living here at the lake. Be it the weather or where to go for services and anything you can think of. We dedicate our agency on truth and honesty.+++ DeLux Property Management Is a division of Moran Real Estate Established 4 years ago, our goal was to provide home Rentals for our visiting clients wishing to rent before they purchase. We specialize in longer term rentals (3 month and longer). We also manage homes for our clients which have previously purchased homes and are out of the country. We provide them with renters, also paying taxes, utilities yard services internet, and house keeping. +++ Opening a Bank Account in Costa Rica There are two banks in Nuevo Arenal. Bank of Costa Rica and Banco National. In order to open a bank account you will need to provide the bank with the following: Your Passport A letter from your current bank stating you are in good standing with them. You will also need to provide statements of your source of income ( such as W-2 or tax returns) Also 6 months of current bank statements. You will also need two letters of recommendation from local businesses ( We can provide you with these letters of recommendation). +++ Purchasing Real Estate The process of purchasing a home or land here in Costa Rica is quite simple. Our agency will walk you through the process with ease and efficiency. Once you have selected a home or parcel of land you may make a verbal offer to The R.E. agent. We present the offer to the seller. The seller may agree to the offer or come back with a counter offer. Once a price is agreed upon we provide you with a well established Real Eatate attorney. The attorney will discuss with you the details of getting you to the closing. A Purchase contract will be prepared with all the details and signed by the buyer and seller. You may want to set up a corporation and put your property in that corporation. In some cases the property you are purchasing is already in a corporation and you can consider simply purchasing the shares of that corporation. It is customary that the buyer pays the closing costs and the attorney fees (3.9% of the agreed sale price). The seller pays the Real estate commission. In every purchase a due diligence is preformed by the attorney. Most buyers prefer to open an escrow account through a secure title company (STLA) designating that account to that particular property being purchased. All Deposits are made to the escrow account and the (balance) full amount is transferred to the escrow account just prior to the closing date. A closing statement is prepared and sent to both buyer and seller. On the closing day The Title is transferred electronically while the funds are also transferred to the seller.