The Costa Rica MLS: How it Works For Real Estate In Costa Rica

May 13, 2023 in Tips for Sellers, Tips for Buyers, Real Estate in Costa Rica

There is no official MLS in Costa Rica. Many companies have tried to create a true Costa Rica MLS (Multiple Listing System for real estate) but none are a true success. A number of real estate companies in Costa Rica have been able to gather many listings from around the country for their websites but none delivers on the promise of offering a full purview of what is available for sale in Costa Rica real estate.  Our Osa Tropical Properties website, however, is a very reliable source for listings available for sale in the South Pacific Costa Rica region known as Costa Ballena, which includes Dominical, Uvita, Ojochal, and the surrounding satellite towns. It is the closest website to an MLS in this region and is the most detailed, up-to-date, and user friendly in the Dominical, Uvita, and Ojochal real estate markets. *Stay tuned for exciting upgrades to our Osa Tropical Properties website coming up in the near future!

Osa Tropical Properties Costa Rica MLS

OsaTropicalProperties.com is our company’s local real estate MLS that we have invested a lot of time and money in for the benefit of buyers and sellers of real estate in Costa Ballena. Our South Pacific Costa Rica MLS consists of hundreds of qualified real estate listings from realtors all over Costa Ballena who share listings with us to in turn share with our extensive database. We receive listings from independent real estate agents from all over Costa Ballena, and we also post our own clients’ residential and commercial properties for sale. Other MLS systems in Costa Rica deal in residences for sale, short and long term rentals, lots and land for sale, commercial for sale, and commercial leases. This is a big point of difference from our Osa Tropical Properties Costa Rica MLS because we do not deal in rentals or leases, nor do we list for sale by owner listings. We do not have a subscription fee and so any listing we add must fill our requirements. Our Osa Tropical Properties web portal is managed by our independent local brokerage. We create detailed listings for our clients, including sophisticated property descriptions, professional home photography, drone photography, and video tour of our clients’ property for sale, along with the legal property plans and other relevant information. There are exceptions of properties that we will not choose to list, which may have issues such as a lack of access to utilities or improper title, or even something like an unrealistic sales price. These deal-breaking issues make certain properties virtually unsellable until resolved and we choose to spare our buyers the heartbreak of putting their hopes in a property that cannot be ethically sold in the state that it is in currently, even though it may still be listed for sale by owner or by a company with less professional integrity. Our OTP team of realtors will verify the properties we list with Costa Rica’s National Registry. We are bound to a code of ethics through our certifications with the Costa Rica Real Estate Board (CCCBR) and we have standard contracts and practices, which allow for other realtors to present our listings to their clients without a conflict of interest. Our office offers high exposure to listings for sale through a network of strongly ranked real estate websites and those who use our MLS have access to our high-powered search capabilities and well-defined filters that make finding the perfect property in Costa Rica much easier.

Finding A Great Realtor in Costa Rica MLS

The best option for learning about properties in Costa Rica is an experienced realtor who comes highly recommended by past clients. They may not be “certified” but experience is the most valuable qualification in Costa Rica’s nuanced real estate markets, which all differ by area. This is why buyers should spend the time to find a great realtor to help in their search, rather than expecting to find the right property for themselves on a Costa Rica MLS. Our office is populated with certified, knowledgeable, and experienced real estate professionals who are intimate with the pulse of South Pacific Costa Rica. Our client database has special benefits, including being the first to see new listings, video tours, and read articles on our website. After that, everyone is privy to access the listings on our website – largest verified property database in all of South Pacific Costa Rica. Our property listings are automatically translated into English, Spanish, and French languages and we offer world-wide reach through our network of real estate partners. We share our clients’ listings for sale with other brokerages in Costa Ballena to list on their websites, as well as on various MLS sites in Costa Rica and internationally. Even though we value the power of our proprietary local Costa Ballena MLS that we deliver on our website, we recognize that we do not want our clients’ listings to miss any opportunities for finding the right buyers so we take it upon ourselves to share our office listings through every viable avenue. We in turn take listings from other offices in the area. Our Osa Tropical Properties website has a curated list of many of the available properties for sale in Costa Ballena. A common worry when looking for real estate in Costa Rica is that buyers feel they must contact several realtors to get an accurate depiction of the properties available in the area that interests the buyer most. Our network of in-house agents will find you the property you're looking for without having to call every realtor in the area, which invariably adds confusion and uncertainty to the process. 

What Makes The Costa Ballena Real Estate Market Different

Comparable Market Analyses are what real estate markets are founded on. A property for sale can only be valued by comparing it to what other similar properties sold for in that area. Because Costa Rica does not have a central MLS system that includes all of the listings for sale, there is no standard of comparable properties for sale throughout the country. Every region’s market is reliant upon the established real estate brokers to keep an accurate portrayal of what is for sale and what has sold in the region, with their individual predictions on where the market is tracking. Osa Tropical Properties is one of the few companies in all of Costa Rica that produces quarterly market reports showing the state of our local real estate market, including sales figures, average prices, and our predictions for the coming months.  It takes an experienced eye with years of practice to know how to value a property for today’s real estate market in Costa Ballena. Our office has listed thousands of properties since we opened in 2004. Currently, there is no algorithm that could replicate the knowledge base of a good local agency that has ample experience like ours. 

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